Tag: market

OpenAI created the ChatGPT (Generative Pretrained Transformer) language generation model. It is based on the Transformer architecture, which Vaswani et al. first described in...

Amid rise in number of cases in Maharashtra, the Vasai Virar City Municipal Corporation (VVMC) on Monday has begun fining shopkeepers Rs 1,000 for...

The Shanghai Composite added 1.2 per cent to 2,854.85. Markets in South Korea and Hong Kong were closed for holidays. On Wall Street, the upswell...

Gold prices averaged 36,874.40 rupees per 10 gm in the March quarter, 25% higher than the same period last year. In Jan-Mar, India's gold...

According to the report, the most prominent Market Players, namely Reliance, Amazon, Flipkart, want to help the retail outlets in their business. Some of them want to use these Kirana stores as last-mile delivery points while few want these retail outlets to buy their inventory, thereby pushing them to get rid of the traditional distributors. This step is made to help the economy grow and make India a secure place to do business. Mukesh Ambani, Chairman of Reliance Industries, has announced in his recent annual meeting that his vision is to make living better of around 12 million Kirana store people with the help of the technology. This will make the working pattern of these stores easy, i.e., managing their billing, margins, inventory and other related benefits. Reliance at present claims that they already have 25 lakh Kirana store people on-board, whereas Amazon and Flipkart have 23,000 and 17,000 Kirana store people respectively in their network.

After the successful use of drones in several countries like the US, UK, Africa, etc, companies like Amazon and Flipkart will soon start to deliver their packages through drones, as the aviation ministry revealed a proposed policy to allow commercial use of these unmanned aerial vehicles.