Amazon India is accelerating the launch of its quick commerce delivery service, codenamed Tez, to late December or early next year, aiming to enter the booming Indian market worth $5.5-6 billion in November alone. The service will mark Amazon's global entry into quick commerce, with the company hiring aggressively and setting up a core team for the project.
Open FlipShares of state-owned NTPC Ltd. are set to be in focus during Monday's trading session after global brokerage firm Bernstein assigned an 'Outperform' rating to the stock. Bernstein has set a 12-month price target of ₹440 per share, implying a potential upside of nearly 20% from the stock's closing level on Friday. NTPC shares have corrected nearly 19% from its record high level of ₹448.45.
Open FlipPaytm has launched UPI Lite auto top-up feature to simplify daily microtransactions. The new functionality ensures automatic balance recharge when it drops below a pre-set limit. UPI Lite is a feature introduced by NPCI to facilitate small-value transactions directly from an on-device wallet linked to a user’s bank account. It eliminates the need for OTP or PIN for payments under ₹500.
Open Flip