Rating agency S&P Global has affirmed its 'BBB+' rating with a stable outlook on Reliance Industries (RIL), saying the company's leverage is poised to improve and stabilise over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings
Billionaire Mukesh Ambani's Reliance Industries has started limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest $5.7 billion in digital assets controlled by the company
IAMAI said that e-commerce services can facilitate delivery from producers and sellers to more than 75-100 million active customers on various platforms across 19,000 pincode areas.
Online grocery platforms Grofers and BigBasket are witnessing up to two-fold growth in purchases as authorities in multiple cities close malls and shopping places to contain the coronavirus pandemic
Amazon expands Pantry to 110 Indian cities as it bets big on grocery category to drive growth in business
E-commerce major Amazon.in on Thursday said it has expanded its 'Pantry' service to over 110 cities in the country as it bets big on the grocery category to drive growth in business
While most retailers are trying to bank on an omnichannel strategy, Reliance Retail is working on a unique Offline to Online (O2O) model
BigBasket to invest $100 million to strengthen supply chain, will set up vending machines and distribution centres across cities
BigBasket had recently raised $150 million in funding, led by Mirae Asset-Naver Asia Growth Fund, CDC Group and Alibaba Group.
Softbank-backed Grofers narrows standalone losses to Rs 258.3 cr in FY18 from Rs 268.3 cr in March 2017
Grofers, which has already completed five years of operations, had a revenue run rate of over $360 million (about Rs 2,500 crore) around that time
Runnr is already efficiently fulfilling 300 thousand orders a month, which is just a tad less than 10 per cent of Zomato's food ordering volumes.
Sainsbury's, Britain's second largest supermarket group, is trialing a one hour home delivery service that is similar in concept to Amazon's 'Prime Now', it said on Friday.