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Tag: E Commerce

Flipkart Amazon
E-com Players Gear Up For Record Festive Sales As India Reopens

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

IAMAI Appeals Govt To Give TDS Relief To Small Sellers On E-Commerce Platforms
IAMAI Appeals Govt To Give TDS Relief To Small Sellers On E-Commerce Platforms

New Delhi: The Internet and Mobile Association of India (IAMAI) on Thursday said that its has appealed to the government to reduce TDS on e-commerce platforms to 0.25 per cent from 1 per cent to give a much-needed relief to small sellers in the Union Budget 2020-21. The uniform TDS on e-commerce transactions is creating […]

Only 8% Of Indians Shop For Products Online

New Delh: India’s social commerce sector, which is a $1.5 to $2 billion Gross Merchandise Value (GMV) market today, has the potential to grow to $16 to $20 billion in just five years, increasing to $60 to $70 billion in revenue by 2030. Indian e-commerce — powered by cheap data, supply-side innovations and digitally savvy […]

Amazon CAIT
CAIT Asks ED To Take Strict Action Against Amazon For Causing 'Misery' To Small Traders

New Delhi: The Confederation of All India Traders (CAIT) has written to the Enforcement Directorate(ED) with all the necessary details to prove that since the beginning of Amazon in India in 2012, it has brazenly and flagrantly violated the laws, rules and regulations of the country and has caused misery to crores of small traders […]

Nirmala Sitharaman
Banks Acting As Villains For Traders: CAIT To Union Fin Min

New Delhi: The Confederation of All India Traders (CAIT) on Monday urged Union Finance Minister Nirmala Sitharaman to prevent banks from entering into an “unholy nexus” with e-commerce companies which is damaging “small businesses”. In a communication sent to Sitharaman, it expressed serious concern over granting of 10 per cent cash back or discount by […]

Tribes India E-Mart: An E-Marketplace Only For Tribal Sellers

New Delhi: Tribal artisans will soon be able to sell their products at the click of a mouse with the government gearing up to launch a specialised e-marketplace for them this Independence Day. “We will launch the website Tribes India e-Mart on Independence Day on August 15. It will be similar to selling your products […]

E-commerce In India Recovers 90% of Pre-Lockdown Volume

New Delhi: Sales volume in the e-commerce sector in India has recovered by over 90 per cent as compared to its pre-lockdown level, said a report on Monday. The sector is predicted to fully recover and achieve the pre-lockdown order volume by the end of this month, according to the consumer trend analysis by Unicommerce, […]

Voice assistant to help you shop on Flipkart

New Delhi: Homegrown retailer Flipkart on Tuesday introduced voice assistant capability on its platform to make consumer’s e-commerce journey simpler and more natural. Introduced in Flipkart’s grocery store Supermart, the voice assistant will enable consumers to discover and buy products easily using voice commands in multiple languages, starting with Hindi and English, said the company. […]

E-Commerce Companies Likely To Resume Full Services From Monday

New Delhi: E-commerce companies are likely to resume full services across most parts of the country from Monday under the fourth phase of the lockdown that allows greater relaxations, although industry watchers say they are waiting for states’ decision on the matter. According to the latest Union Home Ministry’s order, “all other activities will be […]

Amazon Business Launches COVID-19 Supplies Store In India

Bengaluru: Amazon Business on Monday introduced its “COVID-19 Supplies Store” to provide easy access for businesses to buy COVID related supplies on the e-commerce platform in the country. The initiative is designed to help institutional buyers like nursing homes, hospitals, healthcare NGOs, government agencies and other businesses purchase COVID-19 related items in bulk with GST […]

COVID-19 Lockdown 3.0: E-Commerce Players Welcome Relaxations In Operations

New Delhi: E-commerce players have hailed the government’s relaxations regarding sale of non-essential products starting May 4. Although the government has allowed the sale of only essential products on the red zone through e-commerce platforms, non-essential products are likely to be allowed in green and orange zones, starting May 4, subject to specific approval from […]

Jio Partnership Is To Build Similar Products Around The World: Mark Zuckerberg

San Francisco: Facebook’s over Rs 43,000 crore investment in Jio Platforms will help the social networking giant build similar products for the other key markets around the world, according to CEO Mark Zuckerberg. Facebook, which has long been striving to enter the big club of the e-commerce world, has chosen India in a significant move […]

Punjab extends curfew by two weeks after May 3

Chandigarh: Punjab Chief Minister Amarinder Singh on Wednesday announced extension of curfew in the state by two weeks after May 3, while unveiling steps for limited lifting of the lockdown restrictions from Thursday in the non-containment and non-red zones with strict adherence to Covid-19 safety protocols. Based on the report of the expert committee set […]

DPIIT, CAIT Team Up To Launch E-Commerce Platform For Small Retailers

New Delhi: The Department for Promotion of Industry & Internal Trade (DPIIT) and the Confederation of All India Traders (CAIT) have joined hands to come up with an e-commerce platform for local retailers and grocery stores. The announcement comes a day after Amazon announced its new programme ‘Local Shops on Amazon’ aimed at enabling local […]

COVID-19 Lockdown Extension In Odisha: What Will Remain Open & What Not After April 14

Bhubaneswar: To ensure strict social distancing and isolation to contain the spread of COVID-19 pandemic, the Government of Odisha has extended the lockdown in the entire State until midnight of April 30, 2020. However, keeping in view critical livelihoods issues, Odisha government has decided to also extend the umbrella of exceptions and come out with […]

Coronavirus live updates
Coronavirus Live Updates: COVID-19 Cases Rise In Odisha, Testing Begins At 2 More Centres

Following the rise in coronavirus cases in Odisha, the State Health Department today informed that COVID-19 testing has begun at the Ispat General Hospital, Rourkela and the Institute of Life Sciences, Bhubaneswar.

McAfee Brings Its Internet Security Solutions On Flipkart

New Delhi: Cybersecurity firm McAfee on Tuesday announced its partnership with one of India’s leading e-commerce marketplaces to sell its products. “McAfee’s partnership with Flipkart aims to give consumers peace of mind by highlighting the importance of online security and helping them protect what matters to them, from their mobile devices and connected homes,” Venkat […]

Flipkart Partners Government To Empower Artisans, SHGs

New Delhi: Flipkart on Monday signed a memorandum of understanding (MoU) with the Housing and Urban Affairs Ministry’s Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) to empower skilled yet underserved sections of society by inducting them into e-commerce. To begin with, the e-commerce company will collaborate with state missions under the DAY-NULM to […]

Odisha Mou Flipkart
Odisha Govt Signs MoU With Flipkart To Empower Weavers & Artisans

Bhubaneswar: In a major development, the department of handlooms textiles and handicrafts, Government of Odisha, has signed a memorandum of Understanding (MoU) with E-Commerce Platform Flipkart to implement ‘Flipkart Samarth Programme’ to open national market access for weavers, artisans and craftsmen of the State while empowering them to leverage the benefits of e-commerce model. The […]

E-commerce Guidelines To Hurt Ease Of Doing Business: IAMAI

New Delhi: The model framework for the guidelines on e-commerce consumer protection will cause unnecessary compliance burden on e-commerce entities, and hence will negatively impact ease of doing business in India, industry body Internet and Mobile Association of India (IAMAI) said on Tuesday. India jumped 14 ranks to 63rd position in the World Bank’s “Doing […]

Amazon, Flipkart sales generate Rs 19,000 crore in 6 days

New Delhi: Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday. Walmart-owned Flipkart and Amazon dominated 90 per cent of the market share […]

Odisha Mou Flipkart
With 70bn Views, Flipkart Logs 50% Growth In New Customers

Bengaluru: Aiming to bring the next 200 million consumers to the e-commerce fold, Flipkart on Friday said that “The Big Billion Days” sale witnessed almost 50 per cent growth in the number of new customers compared to last year, with 70 billion views in six days of the sale that began on September 29. Clocking […]

From warehouses to kirana: Flipkart onboards 27K stores

Bengaluru: In a bid to strengthen its last mile delivery ahead of the festive season, e-commerce major Flipkart has onboarded nearly 27,000 kirana stores across 700 cities to its pan-India supply chain in a span of six months. With this partnership, the person delivering your everyday grocery items may also come to your doorstep with […]

E-commerce sales from India grew 4% in Q1 2019: Report

New Delhi: Merchants from India saw an increase of four per cent in e-commerce sale on international marketplaces in the first quarter of this year compared to the previous quarter, says a new report. Sales from India were up 121 per cent on year-on-year basis, according to the Global Seller Index report from Payoneer, a […]

Amazon most trusted among Internet brands in India

New Delhi: E-commerce major Amazon is the most trusted among the Internet brands in India, followed by Google and Facebook, according to a recent report by TRA Research. Among the 32 Internet brands surveyed, Indian messaging app Hike ranked fourth, beating Facebook-owned Whatsapp, which ranked 10th, said brand intelligence and data insights company’s “Brand Trust […]

IndiaMart among new members of e-commerce body TECI

New Delhi: IndiaMart, the online marketplace dedicated to the business-to-business (B2B) category, is among the several new members of The E-Commerce Council of India (TECI). According to a statement by TECI, its new joinees range from online marketplaces to logistics and Artificial Intelligence startups. TECI is the umbrella organisation of Indian e-commerce players formed in […]

'India's e-commerce regulations need more consultation'

Kolkata: India’s e-commerce regulations need more consultation with American companies that have invested in India, according to a senior US official. Acting Assistant Secretary of Commerce and Director General of the US Foreign Commercial Service for the Department of Commerce, Ian Steff on Friday said some of the e-commerce regulations have not received the type […]

Amazon to verify its drivers using their selfies to combat fraud cases

San Francisco: In a bid to combat delivery-related fraud cases, e-commerce giant Amazon is making a section of its drivers take selfies before resuming their duties for the day in order to record and verify their identities using facial recognition from time to time. For now, the requirement applies specifically to “Flex drivers” — who […]

Walmart acquires 77% stake in Flipkart Group

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 […]

36.8 million jobs by e-commerce giant Alibaba!

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 […]

Google Pixel XL gets massive price cut

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 […]

Alibaba's shopping fest to feature 140,000 brands

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 […]

Farm Taaza raises $8 mn for investing in technology

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 […]

Amazon deal to help tap buyers in non-metros: Shoppers Stop

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 […]

E-commerce platforms set to launch festive sales from Wednesday

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 […]

SoftBank Vision Fund invests in Flipkart

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 […]

Amazon launches Prime Now in Singapore

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 […]

Flipkart, Amazon top LinkedIn's companies list

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 […]

'E-commerce term too wide in GST, may cover commodity exchanges'

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 […]

Use e-Commerce platforms to promote handicrafts, Baijayant urges Centre

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 […]