E-commerce

E-commerce is a boom in the modern business. It is a paradigm shift influencing both marketers and the customers. Rather e-commerce is more than just another way to boost the existing business practices. It is leading a complete change in traditional way of doing business. This significant change in business model is witnessing a tremendous growth around the globe and India is not an exception. Moreover, E-Commerce has every potential to curb the pollution and thus producing significant influences on the environment. Buying goods and services via E-Commerce allows consumers the freedom to choose when and where to shop and the opportunity to research the product, the seller, and any other available options. Shopping has been revolutionized through the availability of online information. Just about anything that can be bought in merchandise store can be bought via E-commerce, even perishables like groceries. And consumers have embraced these possibilities around the globe. The effects of e-commerce are already appearing in all areas of business, from customer service to new product design. It facilitates new types of information-based business processes for reaching and interacting with customers like online advertising and marketing, online order taking and online customer service. In nowadays E-commerce uses theWWW at least some point in transaction lifecycle. It can also reduce costs in managing orders and interacting with a wide range of suppliers and trading partners, areas that typically add significant overheads to the cost of products and services. For developing countries like India, e-commerce offers considerable opportunity. In India it is still in nascent stage, but even the most-pessimistic projections indicate a boom. There has been a rise in the number of companies' taking up e-commerce in the recent past. Major Indian portal sites have also shifted towards e-commerce instead of depending on advertising revenue. Many sites are now selling a diverse range of products and services from flowers, greeting cards, and movie tickets to groceries, electronic gadgets, and computers, etc.,

E-BANKING:

In the post-LPG (Liberalization, Privatization, and Globalization) era and Information Technology (IT) era, transformation in Indian banks are taking place with different parameters and the contours of banking services are dynamically altering the face of banking, as banks are stepping towards e-banking from traditional banking. E-banking is one of the gifts to human beings by computer technology. E-banking is a fast-spreading service that allows customers to use computer to access account transactions from a remote location such as at home or at the workplace convenience to customers" electronic fund Transfer, Telephone banking, corporate banking Terminal, Increasing networking and ATM, Telephone Banking, Internet-Banking and mobile- Banking are some of the e-banking products which would be conveniently

satisfying customers.