Tag: E Commerce

This year, as retail shops reopen and Covid cases slow down, Indians are expected to buy goods worth a whopping $9 billion (Rs 64,000 crore) across e-commerce platforms

New Delhi: It is time again to loosen your purse strings! With attractive deals and huge discounts across various categories on offer, almost all major e-commerce platforms are geared up to commence their sales for the festive season. While e-commerce giant Flipkart and the online retail platforms it owns — Jabong and Myntra — will […]

New Delhi: Senior BJD leader and Kendrapara MP, Baijayant Panda today urged the Union Textiles ministry to use e-Commerce platforms for promotion of handicrafts. “Instead of spending time, energy and effort from the government and a large budget, it would be much simpler, cheaper and faster if the Textile ministry can provide facilities to the […]

Bengaluru: Retail giant Walmart Inc. on Saturday acquired approximately 77 per cent stake in e-commerce major Flipkart. According to a statement, Walmart now holds approximately 77 per cent of Flipkart, while the remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp. Walmart’s investment includes […]

Beijing: Chinese e-commerce giant Alibaba created over 36.8 million jobs in 2017 via its expansive retail ecosystem, a report showed.   The company’s various e-commerce platforms like Tmall and Taobao, which cover over 500 million consumers, offered about 14.05 million jobs to online retailers in 2017, Xinhua news agency quoted the Renmin University of China […]

New Delhi:The price of the first-generation Pixel XL “quite black” colour variant was slashed by Rs 36,000 on e-commerce platform Amazon on Tuesday. Still tagged as one of the most bankable devices that offer pure Android experience, the smartphone that earlier cost Rs 76,000 is now available for Rs 39,999. Meanwhile, the newer Pixel 2 […]

Hangzhou (China): Alibaba, the Chinese e-commerce giant, is all geared up for its upcoming 11.11 Global Shopping Festival scheduled on November 11. As per reports, the annual sales event will see participation of as many as 140,000 brands this year. “Over 140,000 brands will participate in this year’s 11.11 festival, offering more than 15 million […]

Bengaluru: Emerging e-commerce startup GS Farm Taaza Produce Ltd said on Friday it had raised $8 million (Rs 52 crore) in the first round of funding to invest in scaling its technology platform. “We have raised $8 million from multiple investors, including Hong Kong-based Epsilon Venture Partners to scale our business by using the fund […]

Bengaluru/New Delhi: E-commerce major Flipkart on Thursday said it has received investment from SoftBank Vision Fund becoming one of the largest shareholders in the company. After this financing round, Flipkart will have in excess of $4 billion of cash on its balance sheet. SoftBank Vision Fund is the global technology-focused investment fund. “This is the […]

Singapore: E-commerce giant Amazon on Thursday launched its Prime Now service in Singapore, a move seen as the start of its expansion in Southeast Asia, the media reported. The Singapore service promises two-hour delivery on items including groceries and electronics, reports the BBC. Amazon Prime is a service available to Amazon customers who pay an […]

New Delhi: E-commerce companies Flipkart and Amazon, for the second year in a row topped LinkedIn India’s top companies list 2017, a statement said here on Thursday. The professional network site on the Internet said the list is fuelled by exclusive LinkedIn data, including job seeker reach, engagement and retention. LinkedIn has around 500 plus […]

New Delhi: Industry chamber Assocham on Sunday asked the government to clearly define the scope of e-commerce under the Goods and Services Tax (GST) regime, as the current definition is wide enough to even cover commodity derivatives exchanges. “E-commerce definition, as given in the Goods and Services Tax (GST) dispensation, has been left so wide […]

New Delhi: The partnership with e-commerce major Amazon would help Shoppers Stop tap customers from non- metro markets and scale up its financial performance, a top official of the Mumbai-based retailer said. The partnership would allow Shoppers Stop list its entire portfolio of over 400 brands on Amazon.in and vise-versa Amazon experience centres will be created […]

Chandigarh: Leading wholesale chain Walmart India Thursday announced the launch of its B2B e-commerce platform for all members of its ‘Best Price’ modern wholesale stores. The facility will be available at Best Price stores in Jalandhar and Ludhiana. “All members of Best Price stores in the two cities can now log on to www.bestprice.in, book […]

The commercial taxes department of the Kerala government has imposed a Rs.54 crore fine on some e-commerce companies and portals. More such companies will be fined, said a top official