The RBI statement said that the platform may be extended to more countries, going forward. The platform is expected to go live by 2026. Once functional, Nexus will play a key role in making retail cross-border payments efficient, faster, and more cost-effective
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The report further noted that India's household consumption nearly doubled in the past decade to USD 2.1 trillion last year, India is expected to surpass Germany (in 2024) and Japan (in 2026) to become the third-largest consumer market in the world
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In the last six months alone, Snitch has expanded its offline presence, opening a new retail store every two weeks. Currently boasting 11 stores in cities such as Vadodara, Pune, Hyderabad, Bangalore, Surat and Ahmedabad, the brand aims to launch 40 more stores by year-end
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As per media reports, JioMart aims to narrow its delivery time to 30 minutes, starting with the top eight metros and expanding to the top 20-30 cities
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Isha Ambani, Executive Director of Reliance Retail Ventures, expressed enthusiasm about the launch, stating, "Akind represents a significant milestone in Tira’s journey"
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The report says that domestic brands share stood at 76 per cent in leasing activities, in the first quarter of the current year
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