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E-commerce

Coronavirus Lockdown: Get free home delivery of food, more, just call WhatsApp number

Coronavirus Lockdown: Get free home delivery of food, more, just call WhatsApp number

Thu, Mar 26, 2020

Coronavirus Lockdown: E-commerce platforms like Grofers, Big Bazaar, Bigbasket, Amazon and Flipkart, etc. have been allowed to continue their doorstep services.

App-based cabs to work as delivery support for e-commerce, retailers? Check this request

App-based cabs to work as delivery support for e-commerce, retailers? Check this request

Wed, Mar 25, 2020

"With people rightly avoiding crowded markets, there has been a sharp increase in pick-up orders from online platforms. There has also been a big rise in families placing telephonic orders to the retail grocers who too are organising themselves into the home-delivery models of businesses," Assocham Secretary General Deepak Sood said.

Amazon, Flipkart challenge new Indian tax on online sellers

Amazon, Flipkart challenge new Indian tax on online sellers

Sat, Feb 15, 2020

Amazon and Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms.

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India Post launches e-commerce portal

India Post launches e-commerce portal

Wed, Nov 14, 2018

The products will be shipped through the postal department`s Speed Post service, it said.

Dhanteras 2018: In season of plenty, this is what is killing local sellers sales

Dhanteras 2018: In season of plenty, this is what is killing local sellers sales

Sun, Nov 04, 2018

"Earlier we would get large pre-Diwali orders of 500-700 items like cookers, tiffin sets, but now nobody is looking for such big orders. They only buy one or two items like spoons, steel plates, or bowls," he said. On the other hand, leading e-commerce websites are looking forward to Diwali

Flipkart Internet losses at massive Rs 1,160.6 cr for FY18

Flipkart Internet losses at massive Rs 1,160.6 cr for FY18

Sun, Oct 28, 2018

E-commerce major Flipkart Internet has trimmed its consolidated losses to Rs 1,160.6 crore for the financial year ended March 2018, as per regulatory documents.

How Indians shop online and what they prefer most - free shipping or fast deals

How Indians shop online and what they prefer most - free shipping or fast deals

Thu, Oct 25, 2018

Nearly everyone is shopping online – 94% of consumers globally; unchanged year-over-year. But, the frequency with which consumers shop online is accelerating, said a report by Pitney Bowes.

Walmart submits to I-T dept details of tax deducted from each Flipkart investor

Walmart submits to I-T dept details of tax deducted from each Flipkart investor

Thu, Oct 04, 2018

US retail giant Walmart has submitted to Income Tax authorities its rationale for deducting tax on payments made to some Flipkart shareholders and not to others, a senior official said Wednesday.

E-commerce cos to deduct 1 pc tax collected at source (TCS) under GST from Oct 1

E-commerce cos to deduct 1 pc tax collected at source (TCS) under GST from Oct 1

Fri, Sep 21, 2018

On Thrusday, The Finance Ministry notified TCS at the rate of 0.50 per cent of the net value of intra-state taxable supplies made through the e-commerce portals by other suppliers in the Central Tax law.

E-commerce cos could get 20 mn shoppers, USD 3 bn sales during festive sale: RedSeer

E-commerce cos could get 20 mn shoppers, USD 3 bn sales during festive sale: RedSeer

Sun, Sep 09, 2018

According to RedSeer, the daily gross merchandise value (GMV) during the five-day sale period is expected to be around USD 527 million. GMV refers to the total sales value of merchandise sold through the platform over a certain period of time.

E-commerce in India to hit $100 bn mark from current $35 bn; here is the key

E-commerce in India to hit $100 bn mark from current $35 bn; here is the key

Fri, Sep 07, 2018

The report titled ‘Propelling India towards global leadership in e-commerce’ further states that e-tail and e-travel will continue to hold over 90 per cent share of e-commerce.

India's e-commerce market to surpass USD 100 bn by 2022: Report

India's e-commerce market to surpass USD 100 bn by 2022: Report

Fri, Sep 07, 2018

E-tail and e-travel will continue to hold their sway with over 90 per cent share of e-commerce while online financial services will experience the fastest growth, the report said. It also noted that e-commerce can potentially create one million plus jobs by 2023. "The Indian e-commerce market of USD 35 billion is expected to grow at 25 per cent in the next five years and exceed USD 100 billion by 2022," it said.

Online shoppers, your hard-earned money may be at risk! Avoid doing these

Online shoppers, your hard-earned money may be at risk! Avoid doing these

Wed, Sep 05, 2018

A malware is stealing data including usernames, passwords, credit card information and personal details.

How Google will change e-commerce in India; Diwali deadline in face-off with Amazon, Flipkart

Wed, Sep 05, 2018

Amidst the new game set to begin, a series of interesting trends will roll out both for consumers and the sector alike, predict experts. Firstly, for consumers, the party will continue with raining deals, discounts and cashbacks, says Sidharth Rao, co-founder and CEO of digital agency Dentsu WebChutney. Secondly, the market will further ripen up for acquisitions. The big three, flushed with big money and investor optimism, will aim to buy out smaller players to beef up their e-commerce war chest in India.

Being Human eyes 8-10% of sales from e-commerce in 2-3 yrs

Being Human eyes 8-10% of sales from e-commerce in 2-3 yrs

Thu, Aug 23, 2018

Apparel brand Being Human, which launched its e-commerce operations early this month, is looking at 8-10 per cent of its sales to come from this medium in the next two to three years, a top company executive said.

Capital Float acquires Walnut for $30 mn

Capital Float acquires Walnut for $30 mn

Tue, Aug 21, 2018

"Their approach towards leveraging technology to solve financial concerns of the common individual was particularly impressive... Walnut Prime is a product of deep interest to us, and it will essentially become a new addition to our stable of exceptional, customised credit products," Capital Float founders Sashank Rishyasringa and Gaurav Hinduja said in a statement.

Leasing activity up 45% across metros in Jan-June 2018: Report

Leasing activity up 45% across metros in Jan-June 2018: Report

Tue, Aug 21, 2018

The average size of space take-up increased from approximately 75,000 square feet during first half of 2017 to close to 90,000 square feet during January-June 2018, the report noted

Many complaints over supply of defective, damaged goods by e-commerce firms: Commerce Min

Many complaints over supply of defective, damaged goods by e-commerce firms: Commerce Min

Wed, Jul 18, 2018

The government today said that several complaints have been received regarding supply of defective and damaged goods by online retail companies and in various cases consumers have been advised to file grievances at appropriate forums.

BSE postpones launch of platform for startups

BSE postpones launch of platform for startups

Mon, Jul 09, 2018

Leading stock exchange BSE has postponed the launch of its new platform for listing startups. The platform, scheduled for launch today, was aimed at facilitating the listing of companies in sectors such as IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce.

E-commerce, life science deals drive PE VC investments to $2.4 bn

E-commerce, life science deals drive PE VC investments to $2.4 bn

Mon, May 21, 2018

Private equity and venture capital investments in April were up 23% at $2.4 billion

Discounted mobile phones on e-commerce sites caused 2 lakh people to lose jobs: ICA

Discounted mobile phones on e-commerce sites caused 2 lakh people to lose jobs: ICA

Thu, Apr 26, 2018

ICA report has argued that the companies were circumventing rules under Press Note 3 on FDI by holding inventory and influencing the prices of electronic goods, eroding offline retailers’ revenue and putting jobs at risk. The second threat that led to the closure of several mobile stores is the availability of the handsets on the companies online platforms as well as in their offline stores, which provide exclusive deals to customers.

Last day for Amazon's 'Go Honor World Carnival' sale; latest phones have best deals

Last day for Amazon's 'Go Honor World Carnival' sale; latest phones have best deals

Sun, Apr 08, 2018

The 'Go Honor World Carnival' sale has begun since April 04 on Amazon, and is available till April 08, 2018.

Amazon sacked 60 staff in India? Report 'incorrect', says company, only a 'small number' impacted

Amazon sacked 60 staff in India? Report 'incorrect', says company, only a 'small number' impacted

Tue, Apr 03, 2018

Amazon has contested the claims saying "reports stating 60 people (being fired) is factually incorrect and overstated". "As a global organisation, we have recognised the need to more organise our teams to keep us agile and help us use our resources optimally. This has impacted a small number of roles within the company," an Amazon India spokesperson said in an emailed statement.

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