Ministry of Textiles approved a total of 18 Research and Development projects worth Rs 46.74 crore across different areas of technical textiles, an official statement said on Thursday. Addressing the 7th Meeting of the Mission Steering Group (MSG) of the National Technical Textiles Mission in New Delhi, Union Textiles Minister Piyush Goyal said, “Industry and […]
Myntra, the fashion, beauty and lifestyle ecommerce platform has introduced a conversational AI-powered chatbot, Maya, to make customers’ shopping experience more seamless and customised, while helping them expedite their decision-making. With its elevated capability, Myntra’s virtual fashion influencer, Maya, transcends serving fashion inspiration on social media, to now also extending AI-backed shopping assistance on the […]
Amazon.in on Friday announced the launch of Multi-Channel Fulfilment (MCF) in India. With this launch, sellers including D2C brands, manufacturers and retailers from across industries can revolutionise their fulfillment operations and enhance their customer experience by leveraging Amazon’s pan-India presence, state-of-the-art fulfillment centers and logistics capabilities to handle customer orders received from wide range of […]
In India only 7-9 per cent of retailers use any kind of software to manage their business operations, Varun Tangri, Founder & CEO, QueueBuster, said, highlighting a significant gap in digitalisation within the country’s retail landscape. According to Tangri, the primary reason for this digital divide is the requirement for traditional methods involving desktops, laptops, […]
Greaves Retail, the retail unit of Greaves Cotton, a provider of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital, a DataTech NBFC focused on MSME lending on Thursday announced its partnership to offer financing to dealers. Under this collaboration, UGRO Capital will offer an array of comprehensive […]
Chinese conglomerate Alibaba has announced plans to make its artificial intelligence (AI) model, Tongyi Qianwen, widely available to the public. The Chinese regulatory has approved the plan, according to a news report published on its WeChat account. The report also mentioned that in the near future, an open source version of the large language model […]
Unicommerce, an ecommerce enablement SaaS platform has reported a 200 per cent year-on-year (YoY) growth in its international business during the financial year (FY) 2023 with gains coming from its operations in the Middle East and Southeast Asia. The platform has achieved an annual run rate of 5 million transactions annually with more than 35 […]
UrbanPiper , a SaaS platform for restaurants and food businesses, is set to acquire Ordermark’s U.S. business as company’s global expansion strategy., according to a press release. With this acquisition, UrbanPiper further solidifies its position as a global leader. The addition of Ordermark’s technology and business expertise will enhance UrbanPiper’s capabilities and accelerate its growth, […]
Livpure, a manufacturer of water purifiers in India has recently onboarded Kapture CX – a SaaS-based customer experience platform to build a robust and automated customer support system, integrated across all consumer touchpoints. “Livpure is a more than a decade-old company that operates in a plethora of consumer wellness-focused categories – Water Purifiers, Appliances, Water […]
Digital payments in India have been crossing record transactions in the last few months. According to recent data from RBI, NPCI, and banks, digital transactions have jumped from 20.7 billion in FY 2017-18 to 88.4 billion in FY 2021-22. March 2023 saw UPI transactions clocking the highest-ever number of transactions at 8.7 billion, making it […]
