PayPal Shares Dropped Nearly 6 Percent as Company Warned About Bleak Holiday Quarter

PayPal Shares Dropped Nearly 6 Percent as Company Warned About Bleak Holiday Quarter

ByNews Polite

PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the…

Amazon Halts Its Delivery Robot “Scouts” That Created Severe Mishaps: Report

Amazon Halts Its Delivery Robot “Scouts” That Created Severe Mishaps: Report

ByNews Polite

Amazon has halted testing of its home delivery robot “Scouts” which is the latest indication that the e-commerce giant is beginning to pare down experimental initiatives as sales growth slows. According to a report from the New York Post, the six-wheeled, cooler-sized vehicles, which were supposed to carry products to…

ONDC to Get Many More Apps Onboard in Coming Weeks as Beta Testing Begins in Bengaluru

ONDC to Get Many More Apps Onboard in Coming Weeks as Beta Testing Begins in Bengaluru

ByNews Polite

The commerce and industry ministry on Friday said many more applications will join the Open Network for Digital Commerce (ONDC) in the coming weeks to expand both buyers and sellers who can participate in this platform. ONDC — the ministry’s initiative to help small retailers and reduce the dominance of…

ONDC Network Begins Beta Testing in Bengaluru at Select Locations

ONDC Network Begins Beta Testing in Bengaluru at Select Locations

ByNews Polite

In a significant milestone, Open Network for Digital Commerce (ONDC), an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), has opened its network to consumers in 16 locations across the city of Bengaluru, the Ministry of Commerce and Industry said on Friday. To begin with, consumers…

ONDC to Be Open to Public Soon to Counter Amazon, Walmart’s Dominance: ONDC Exec

ONDC to Be Open to Public Soon to Counter Amazon, Walmart’s Dominance: ONDC Exec

ByNews Polite

The Open Network for Digital Commerce (ONDC) — India’s e-commerce network to end the dominance of US companies Amazon and Walmart — will be soon open to the public, said an official, as per a report. The pilot phase for India’s domestic digital commerce initiative began in April. In cities…