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Showing posts from September, 2022

Ecommerce Trends or Fads

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  In our globally connected world, fads are now confused for “ecommerce trends.” You need to understand that fads start and end like Twitter trends. Genuine trends for online business stay for a longer time. You can afford to ignore fads, but never the genuine trends. Businesses should analyze all fads and trends carefully. There is no need to avoid the temptation of jumping the bandwagon immediately.           Trends in ecommerce industry emerge from various things. How customers shop. What they buy and how they respond to marketing tactics employed by businesses. Within the last decade, a lot of new trends have emerged with a profounding influence.  Ecommerce  giants like Amazon, Walmart, and Alibaba have been at the forefront of adopting and benefiting from such trends. Let’s discuss the latest ecommerce trends that will see a rise in 2022 1.     The Ecommerce After COVID-19 Our world is changing. Ecommerce will only g...

Lenders of Future Enterprises appoint a forensic Auditor

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  Introduction: The development comes amidst an out-of-court debt restructuring proposal given by the company to lenders. However, two trade creditors have filed a petition at the bankruptcy court to admit the company for insolvency proceedings. National Company Law Tribunal has not yet given its verdict on admitting the company for insolvency.   Lenders of Future Enterprises have appointed forensic auditor J C Kabra & Associates, in line with a finance ministry mandate to audit non-performing loan accounts with over Rs 50 crore exposure.   Central Bank of India, the lead bank for Kishore Biyani-promoted Future Enterprises, appointed the forensic auditor on September 12, according to a stock exchange filing by the company late Monday evening.   The troubled retailer, which defaulted on its loans, has outstanding loans of Rs 6,700 crore, said a lender.   The development comes amidst an out-of-court debt restructuring proposal given by the company to...

Industry 4.0 and the Fourth Industrial Revolution

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  Industry 4.0 is the  digital transformation  of manufacturing/production and related industries and value creation processes .             Industry 4.0 is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain.             Cyber-physical systems form the basis of Industry 4.0  (e.g., ‘smart machines’) . They use modern control systems, have embedded software systems and dispose of an Internet address to connect and be addressed via the  Internet of Things  (IoT).             This way, products and means of production get networked and can ‘communicate’, enabling new ways of production, value creation, and real-time optimization. Cyber-physical systems create the capabilities needed for smart factories....

HDFC Bank, Precision selected by RBI for retail payments test phase

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  The Reserve Bank of India has announced that HDFC Bank (in partnership with Sweden-based Crunchfish Aktiebolag) and Precision Biometric India Pvt. Ltd has been selected for the test phase for their ‘offline retail payments’ and ‘InnaIT Key Solution for Banking’ products under the ‘On Tap’ application facilities for the theme ‘Retail Payments’ under the Regulatory Sandbox.   Key Points Related to ‘Offline Retail Payments ·         ‘Offline Retail Payments’ is an HDFC Bank product that provides the capability for customers and merchants to able to pay and receive payments in offline mode. ·         This initiative aims to boost the adoption of digital payments in areas of no or low between by enabling transactions without the need for any network connection. The ‘InnaIT Key Solution for Banking’ by Precision Biometric product offers a solution enabling biometric tokens which can be used to secure p...