![]() But Goyal has cottoned on to this, and threatened to exclude those e-commerce players that are not coming to the network with their main platforms. That’s perhaps why Walmart's PhonePe payments unit has designed Pincode, a custom-built app for hyperlocal shopping. Participating too vigorously might mean cannibalizing Flipkart, its main retail business. After all, the government’s open bazaar won’t stop at aggregating meal orders or auto-rickshaw rides. Paytm is getting behavioral data by seeing more of its users’ shopping transactions fulfilling those orders is not its headache. (Hat tip to Moneycontrol, which did the price comparisons recently.) Customers are discovering McChicken meals for 190 rupees ($2.30) on a fintech app like Paytm when the same thing is selling on Zomato Ltd.’s site for 204 rupees. In Bengaluru and New Delhi, thousands of online restaurant orders are bypassing Swiggy and Zomato, the two popular online food-delivery platforms. Those who don’t come on board now with their customer data will repent because, as TechCrunch quoted the minister as saying recently, at some stage “we will also have to cut off those who are left behind.”Īt least that’s where the project is at. The two American-owned market leaders, Walmart’s Flipkart marketplace and Amazon’s India shopping site, can expect the rhetoric to get louder as next year's general elections draw nearer. ![]() Commerce Minister Piyush Goyal says India will use the “full force of the government” to promote the open e-commerce network. The political bluster accompanying ONDC, however, is undermining the project’s economic promise. Within seconds, the customer sees a set of choices at a range of price points, along with transparent options for delivery modes, times, and costs provided by a choice of logistics operators. The network makes it possible for them to connect with thousands of sellers across the country who sell on ONDC via their preferred seller app. Buyers can tap into it using any participating app to launch a search for an item. Moving the diverse Indian bazaar of goods and services online democratizes digital commerce for buyers and sellers. ONDC presents an alternative to the existing platform-centric model. In a report with the consulting firm McKinsey & Co., ONDC, the non-profit that has emerged as a result of Nilekani’s advocacy and the government’s blessings, describes how it will expand this stunted landscape: Only a fraction of them garner meaningful business on platforms. Around 75% of Indians with internet access are not shopping online, while only 5 million out of the country’s 100 million micro, small and medium firms are registered to sell digitally. You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions.īy using this site, you agree to the Terms of Service and Privacy Policy.Meanwhile, Nilekani has shifted his gaze to e-commerce. ![]() The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment. All timestamps are reflected in IST (Indian Standard Time).ĭISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind. Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. (for corporate data, historical price & volume, F&O data). ![]() As on 31-03-2023, the company has a total of 414.86 Crore shares outstanding.ĭATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. Company has Deloitte Haskins & Sells LLP as its auditors. The company’s top management includes Mr.Nandan M Nilekani, Mr.Salil Parekh, Mr.Bobby Parikh, Ms.Chitra Nayak, Mr.D Sundaram, Ms.Kiran Mazumdar Shaw, Mr.Michael Gibbs, Mr.Uri Levine, Mr.Nilanjan Roy, Mr.Jayesh Sanghrajka, Mr.A G S Manikantha, Mr.Inderpreet Sawhney. Company has reported net profit after tax of Rs 6,134.00 Crore in latest quarter. For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 38,112.00 Crore, down 2.49 % from last quarter Total Income of Rs 39,087.00 Crore and up 15.80 % from last year same quarter Total Income of Rs 32,913.00 Crore. key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 3. Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 546,552.04 Crore) operating in IT Software sector.
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