• pepper_fry1
    India’s Online Furniture Start-up Losses Soar

    Online furniture store Pepperfry is soaring in its losses, company witnessed a 3 fold loss of INR 8.8 billion in 2014-15 compared to previovs fiscal. Pepperfry saw its expenditure going up from Rs 37 crore in 2013-14 to Rs 114 crore in the following year. Its founder and CEO Ambareesh Murty expects profits in next 12-18 months….

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  • Credit cards in a row falling - credit card debt concept
    How Payments in India will Transition to Digital

    The Cabinet has approved to remove service charge, user charge and convenience fee paid for online and card payments, the move to remove service charge is to encourage people to use digital transactions. Digital payments will be instrumental in reducing tax avoidance, migration of government payments and collections to a cashless mode. To give a perspective, 569…

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  • kotak-mahindra-bank-logo-MarketExpress-in
    Kotak Mahindra Acquires Stake in Airtel M Commerce

    Kotak Mahindra has acquired 19.9% stake in Airtel M Commmerce Services for INR 9.8 billion to setup payment bank. A payments bank can accept deposits, both savings and current, up to a maximum of Rs.10,000 initially, with the stated primary role of extending payments and remittance services to small businesses and low-income households. Read more  

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