Page 3 - E-commerce Industry

Xi Jinping warns against tech excess in sign crackdown will widen

China's market regulator on Tuesday tightened scrutiny over the country's booming livestreaming e-commerce platforms

Draft e-comm policy calls for 'equal treatment' of sellers by marketplaces

This is not the time that the government is emphasizing fair competition in the e-commerce space

Flipkart ramps up grocery operations; expands reach to over 50 cities

The pandemic has led to a sharp growth in consumer demand for e-grocery, not only in metros but also from tier 2 cities and beyond

PE/VC investments drop by 35% in January to $1.6 bn: EY-IVCA data

January 2021 recorded three large deals worth $680 mn compared to five large deals worth $1.4 bn in January 2019 and 12 large deals worth $6 bn in December 2020

Indian IT has 'competitive advantage' in employee talent: Nasscom president

How industry uses 'access to technology' will matter in a democratic system, says Debjani Ghosh

E-commerce grew by 36% in last quarter; personal care biggest beneficiary

The last quarter of 2020 saw e- commerce order volume growing by 36 per cent in India with Personal care, Beauty and Wellness (PCB&W) segment being the biggest beneficiary, according to a report. In October to December 2020 period, PCB&W and FMCG & Healthcare (F&H) categories' volumes grew by 95 per cent and 46 per cent year-on-year (YOY) respectively, said the Q4- 2020 -E-commerce Trends Report', released by Unicommerce and Kearney. Tier 2 and 3 cities accounted for a 90 per cent YOY incremental volume and value growth, it said. The report, which assesses the e-commerce growth in Q4 2020 with the sector-wise analysis, said brand websites reported a 94 per cent volume growth in fourth quarter of 2020 as compared to same period last year. The last quarter of 2020 saw e-commerce grow by 36 per cent and 30 per cent YOY in terms of order volume and gross merchandise value (GMV) respectively, while theaverage order value declined by five per cent in Q4-2020 as .

I predict that the 21st century is going to be Indian century: Jeff Bezos

Under Bezos's leadership, Amazon identified India as a strategic market as early as 2013

E-commerce will be vital in Atmanirbhar Bharat vision: Amazon India head

He further stated that "this is going to help us realise that vision of Atmanirbhar Bharat and e-commerce is going to play an important role."

Walmart is enlisting the help of robots to manage a surge in orders

Walmart to build more robot-filled warehouses at stores

Explained: How Covid-19 pandemic has changed shopping on BigBasket

Online grocer BigBasket saw huge expansion on the back of lockdown restrictions but it had to first cope with logistics and back-end services to stay on course

Snapdeal FY20 revenue increases marginally to Rs 846.4 cr

E-commerce marketplace Snapdeal said its consolidated revenue from operations has grown marginally to Rs 846.4 crore in FY20

Myntra set for biggest fashion festive sale; to cater to 40 mn visitors

The Walmart-owned firm is geared to handle 900,000 concurrent users and 20,000 orders per minute at peak and expects to cater to over 4 million unique customers

Over 5,000 employees from Walmart India joining Flipkart Wholesale

The e-commerce firm said job offers made to staff at Walmart India have been aligned to similar roles at Flipkart in terms of pay, responsibility and profiles based on industry best practices

India's e-commerce industry sees 56% growth in festive orders: Report

The report said that not just marketplaces but brand websites also reported huge growth in consumer demand his festive season.

After e-commerce, CCI looks at pharma sector to unlock competition

Will study the role of trade associations and e-pharmacies in supply chain and whether they're distorting competition

Exporters seek extension of tax benefits for cross-border e-commerce

Exporters on Wednesday suggested to the government a series of steps, including extension of fiscal benefits to SEZ units, presumptive tax for cross-border e-commerce and free trade pacts with countries like the US and UK, to boost domestic manufacturing and outbound shipments. These recommendations were made by the Federation of Indian Export Organisations (FIEO) at a meeting of the Board of Trade (BOT) which was chaired by Commerce and Industry Minister Piyush Goyal. Other suggestions included permitting duty free import of equipment required for R&D and product development; setting up of a Niryat Vishwavidyalay; extension of interest subsidy scheme in the new foreign trade policy; and immediate release of GST and drawback funds. Further, the federation recommended refund of GST to foreign tourists, RoDTEP (Remission of Duties or Taxes on Export Products) scheme covering all products; and amnesty scheme for schemes prescribing export obligation. FIEO Director General Ajay Sahai .

Blue Dart gains as economy reopens, demand from e-commerce segment grows

The unlock process and premium pricing have helped improve operational performance

E-commerce battle: Metro Cash & Carry offers kiranas a stepping stone

In a first, firm to take stores to tier-2, tier-3 towns as battle with Amazon, Reliance Retail intensifies

Flipkart bolsters gaming strategy, acquires gaming startup Mech Mocha

Walmart-owned company sees strong trend of casual gamers going on to become early shoppers

Had a strong Prime Day in India, Diwali off to a good start: Amazon CFO

The e-commerce giant will continue to invest in international markets including India, where the volumes are growing