Nov 28, 2024, at 03:12 am
Bengaluru: A group of e-retailers operating on major platforms like Amazon and Walmart-backed Flipkart argued before the Karnataka High Court (HC) on Wednesday that the investigation by the Competition Commission of India (CCI) into alleged anti-competitive practices exceeds the regulator's statutory authority, media reports said.
ED raids multiple locations of top Amazon and Flipkart vendors over alleged FEMA violations: Report
Nov 08, 2024, at 04:44 am
New Delhi: The Enforcement Directorate (ED) carried out multiple searches on Thursday under the Foreign Exchange Management Act (FEMA) at 19 locations in Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula (Haryana), targetting key vendors of Amazon and Flipkart, Reuters reported.
Honda Power Pack Energy India, Bhago Mobility partner for green fleet services in EV segment
Sep 11, 2024, at 11:42 am
Kolkata: Honda Motor Company's battery swapping service Honda e:Swap has teamed up with sustainable transportation solution provider Bhago Mobility for providing green fleet management services aimed at revolutionizing last-mile delivery solutions for the EV segment.
'Matter of concern': Commerce Minister Piyush Goyal slams 'predatory pricing' by e-commerce giants
Aug 22, 2024, at 01:21 am
New Delhi: The “predatory pricing” by big e-commerce players is a matter of concern and may cause employment loss in traditional retail, according to Commerce and Industry Minister Piyush Goyal on Wednesday.
Nykaa Q4FY24 PAT grows to Rs 9 crore; revenue jumps 28%
May 23, 2024, at 02:36 am
Mumbai: FSN E-Commerce Ventures, the owner of personal care (BPC) firm Nykaa, reported a rise in its Q4FY24 net profit of Rs 9 crore, growing more than four times from Rs 2 crore the same period last year.
Amazon injects Rs 1,660 cr into its Indian marketplace unit
May 14, 2024, at 10:36 pm
Mumbai: Amazon Seller Services' US parent company has injected a new equity investment of Rs 1,660 crore ($199 million) into the firm that operates Amazon's marketplace in India, according to a regulatory filing.
Break-even for Meesho in Q3FY24 as profit dropped sequentially: Report
May 04, 2024, at 02:35 am
Mumbai: E-commerce company Meesho reported a no-proft-no-loss performance in Q3FY24, compared to the previous quarter, media reported.
Myntra appoints Venu Nair as Chief of Strategic Partnerships and Omnichannel
Feb 22, 2024, at 06:18 am
Mumbai: Myntra has named Venu Nair as its Chief of Strategic Partnerships and Omnichannel, media reports said.
Republic Day sales 18.7% higher than last year
Jan 25, 2024, at 09:49 am
New Delhi: E-commerce order item volume increased by 18.7%, during the Republic Day sale in 2024, as compared to last year's sale period. Unicommerce, according to an analysis.
E-commerce exports may touch $200 billion in 6-7 years: DGFT
Nov 18, 2023, at 07:47 am
New Delhi: The Indian e-commerce export sector has the potential to touch $200 billion in next six to seven years, a top government official said on Friday
Amazon targets $20 billion merchandise export from India by 2025
Nov 18, 2023, at 03:09 am
Amazon aims to achieve $20 billion in merchandise exports from India by 2025, Reuters reported, citing a company official.
Zomato records Rs 36 cr Q2FY24 net profit
Nov 04, 2023, at 05:14 am
Mumbai: Online food delivery platform Zomato continued its impressive performance in the second quarter of FY24, recording a profit of Rs 36 crore
GST Payment for E-Commerce Businesses: Challenges and Solutions
Oct 04, 2023, at 02:00 am
In the realm of e-commerce, GST Payment represents a significant aspect that businesses need to handle efficiently. The introduction of the Goods and Services Tax (GST) in India marked a revolutionary tax reform aiming to subsume multiple indirect taxes into a unified system. However, for e-commerce businesses, it has brought along its own set of challenges. This article will dive deep into these challenges and introduce you to feasible solutions to significantly ease the process.
Myntra witnesses 50% YoY growth in home category
Sep 20, 2023, at 04:55 am
Mumbai: The home category at e-commerce platform Myntra witnessed a 50% year-on-year surge in demand, ET reported.
Jul 09, 2023, at 07:29 pm
New Delhi: One District One Product (ODOP) identified products will be listed on the e-commerce platform, Groyyo, under several categories such as home textiles, home décor etc.
Flipkart partners with Axis Bank to facilitate personal loans for customers
Jul 08, 2023, at 02:56 am
Bengaluru: E-commerce marketplace Flipkart has entered into a strategic partnership with private sector lender Axis Bank to facilitate personal loans for its valued customers, adding additional convenience and enhanced benefits to its 450 million customers.
Jul 05, 2023, at 09:13 pm
Despite reduced growth rates compared to the initial pandemic period, the forecast for global e-commerce remains bullish. According to the FIS Global Payments Report 2023, the explosive growth in global e-commerce in the first two years of the pandemic has slightly slowed in 2022, with a 10% YoY growth in global e-commerce transaction value from 2021-2022.
YouTube's first-ever shopping channel to hit the South Korean market: Report
Jun 22, 2023, at 05:59 am
Seoul: YouTube is set to launch its first-ever shopping channel for live commerce in South Korea on June 30, Reuters reported citing Yonhap news agency.
ONDC aims for 100,000 daily order volume in next few months: Report
May 25, 2023, at 02:24 am
New Delhi: Open Network for Digital Commerce (ONDC) is targeting a daily order volume of 100,000 in the retail segment in the coming months, Moneycontrol reported.
Apr 13, 2023, at 07:07 am
New Delhi: E-commerce enablement platform Shiprocket has entered into a strategic partnership with the leading digital payments platform BillDesk to power payments on their one-click checkout solution.
'55’’ TV sales up by 135%, refrigerators demand doubled up': Croma 2022 report
Jan 12, 2023, at 03:00 am
New Delhi/IBNS: Croma, Tata Group’s omnichannel electronics retailer, announced Unboxed 2022 – a collection of unique insights on croma.com from 2022—reflecting a fast-changing lifestyle and rapidly evolving tastes and preferences across the consumer spectrum.
Meesho appoints Divyesh Shah as Vice-President – Engineering
Nov 24, 2022, at 11:03 pm
Bengaluru/IBNS: Internet commerce company Meesho Thursday announced the appointment of Divyesh Shah as Vice-President, Engineering.
DealShare launches Private Brands, eyes deeper penetration into FMCG market
Nov 03, 2022, at 06:01 am
Social e-commerce player DealShare is all set to penetrate deeper into the homes of its new to internet 500 million users target group with launch of its Own Brands’ portfolio.
Meesho app now available in 8 vernacular languages
Aug 10, 2022, at 09:58 pm
Bengaluru: Internet commerce company Meesho Wednesday announced the addition of eight new vernacular languages to its platform--Bengali, Telugu, Marathi, Tamil, Gujarati, Kannada, Malayalam, and Odia.
Reliance Industries' brand new eCommerce platform JioMarket likely before festive season: Report
Aug 06, 2022, at 07:16 pm
Mumbai: With the launch of its separate platform JioMarket nearing, Reliance Industries (RIL) has started inducting independent sellers and Direct to Customer (D2C) brands, media reports said.
Legislative and policy measures taken to boost exports through eCommerce: Union minister Som Parkash
Aug 04, 2022, at 06:12 am
New Delhi: The government has taken several steps for increasing exports through e-Commerce, including various legislative and policy measures for e-commerce keeping in mind the retailers, Minister of State for Commerce and Industry Som Parkash told Lok Sabha in a written reply on Wednesday.
CCPA issued 24 notices for unfair trade practices against e-commerce firms
Aug 04, 2022, at 04:49 am
New Delhi: The CCPA has issued 24 notices for unfair trade practices against e-commerce companies and issued two safety notices to alert and make consumers cautious against buying household goods like pressure cookers, helmets, etc. that do not conform to the Bureau of Indian Standards, Union minister Ashwini Kumar Choubey told Lok Sabha in a written reply on Wednesday.
Kids category sales jump 40 pc on Snapdeal as pandemic fears recede
Jun 03, 2022, at 07:06 pm
New Delhi: With pandemic fears receding and daily lives moving towards a semblance of normalcy, online shopping is reflecting a relaxed and optimistic sentiment in society, including in smaller cities and towns across the country, shows recent data from Snapdeal.
Centre to develop framework to check fake reviews on E-Commerce websites
May 28, 2022, at 07:39 pm
New Delhi: The Centre will develop a framework to keep check over fake reviews on E-Commerce websites.
Fake reviews on e-commerce platforms under Centre’s radar
May 27, 2022, at 01:37 am
New Delhi: The government has decided to crack its whip on fake reviews on e-commerce platforms that mislead consumers into buying online services or products.