digital commerce

Published By: Samreen PallLast Updated: February 23, 2024, 11:19 ISTUber partners with India's ONDC for Bus and Metro Bookings.Uber partners with India's ONDC, exploring bus & metro bookings. A move to win users, compete locally & promote public transport. Sparse details revealed.Uber is exploring offerings such as intercity bus and metro rail ticket bookings in India as part of a partnership with a government backed e-commerce initiative, a source told Reuters on Thursday.CEO Dara Khosrowshahi was in India’s…

Policybazaar parent PB Fintech is looking to return a part of its capital to shareholders either through a share buyback or dividends, after having turned profitable in the third quarter, company chairman and cofounder Yashish Dahiya told ET in an interaction.A formal decision in this regard, however, will be made only after discussions with the board and consent from shareholders, he added.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For…

Wide electrification of its fleet and premiumisation will drive growth for ride-hailing company Ola Cabs, new chief executive Hemant Bakshi said on Thursday. The firm, he said, had turned profitable based on earnings before interest, taxes, depreciation and amortisation (Ebitda) in the fiscal year ended March 31, 2023.The standalone ride-hailing business posted Ebitda of Rs 250 crore, Bakshi said, against an Ebitda-level loss of Rs 66 crore in the preceding fiscal year. Revenue grew 58% to Rs 2,135 crore in FY23, he said,…

Tech giant Meta today announced a partnership with government backed ecommerce network Open Network for Digital Commerce (ONDC) to upskill small businesses and leverage Meta’s business and technical solution providers for seamless conversational buyer and seller experiences on Whatsapp. ONDC will help the businesses become seller apps and onboard onto their network.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of…

Mariano Gomide de Faria Contributor Mariano Gomide de Faria has over 20 years of experience in digital commerce and is the founder and co-CEO of global enterprise digital commerce platform VTEX. Legacy digital commerce architectures are no longer sustainable in today’s commerce arena. With every component tightly integrated into a monolithic architecture, a legacy platform’s inflexibility, low reliability, and high maintenance costs make it nearly impossible for a merchant to…

Image Source : FREEPIK Tomatoes Paytm E-commerce Private Limited (PEPL) has teamed up with the National Cooperative Consumers Federation (NCCF) to offer subsidised tomatoes at ₹70 per kilogram to users in Delhi-NCR through the Paytm ONDC platform. As part of this initiative, users can purchase up to two kilograms of tomatoes per week at ₹140 with free delivery via the…

Government's initiative Open Network for Digital Commerce has collaborated with a subsidiary of the National Stock Exchange to launch an academy to provide information to sellers and network participants about simple ways to conduct e-commerce business. In the current phase, the ONDC Academy will provide learning content in text and video formats to sellers about managing their operations effectively on the Open Network for Digital Commerce (ONDC), Joint Secretary in the Department for Promotion of Industry and Internal…

After burgers, the government-backed platform Open Network for Digital Commerce (ONDC) is crushing on tomatoes now. The ONDC will sell the most coveted food item in the country currently – the humble tomato – for Rs. 70 a kg. Tomatoes will be sold by the National Cooperative Consumers’ Federation (NCCF) for the next 10-15 days, ONDC managing director and CEO T Koshy said in the national capital on Friday. ONDC is a “socially conscious organisation” he said adding that the move will provide publicity for the platform which…

Ecommerce majors such as Amazon and Flipkart have been invited to join India's digital public infrastructure Open Network for Digital Commerce (ONDC), said the network's CEO T Koshy.In an interaction with ANI, Koshy said it invited them and they were welcome to the network."They are looking at (ONDC) seriously and we believe that whenever they feel comfortable with respect to their current scale and size of the operation and their system, they will seriously look at it. But as of now, they have not integrated. They made…

After signing agreements with the Madhya Pradesh and the Tamil Nadu governments, the government-backed e-commerce marketplace the Open Network for Digital Commerce (ONDC) signed an agreement with the Kerala government on Friday to improve access and business opportunities in various sectors in the State. Nine public sector units (PSUs) have already onboarded around 200 products on ONDC. The signing was attended by two senior State ministers and most senior members of the State bureaucracy. They announced that ONDC is…