Page 11 - Ecommerce

E-commerce majors Flipkart and Amazon clock bumper sale on Day One

Flipkart saw 2x more sale; for Amazon, it was the biggest-ever in a single day

Traders plan countrywide stir against festive e-commerce discounts

According to traders, they will meet the ministers over the next few days and chart out instances of violations of various rules by the e-commerce firms

Lifestyle International leans on e-commerce to achieve 8-9% revenue growth

Company hopes tie-up with Flipkart and Myntra will boost online share of total sales to 15%, from just 3% share that its own portal commands

Amazon eyes expansion, launches largest delivery station in Tamil Nadu

The delivery stations enable Amazon Logistics to supplement capacity and provide flexibility to its delivery capabilities to support the growing volume of customer orders

How to revive India's economy? Encourage ecommerce, says Amazon executive

Agarwal said Amazon works with some 500,000 sellers, and has created over 200,000 jobs in India since launching its ecommerce operations in 2013

Social commerce start-up Meesho raises $125 million led by Naspers

In June, Meesho raised funding from social media giant Facebook

Product, not brand, is the cornerstone of Snapdeal's comeback strategy

What Snapdeal has done in the past two years, says a company spokesperson, is focus on the 'next 400 million online buyers'

Govt e-commerce platform has more than twice the number of Flipkart sellers

2.1 million orders worth Rs 28,000 crore have been placed on GeM

Shein partly shuts India ops as crackdown against Chinese etailers widens

Shein and Club Factory are accused of dodging import duties by fudging listed prices

Digital firms, traders to discuss e-commerce policy with Piyush Goyal

According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones

UP Traders Board discusses ecommerce retail policy; to offer suggestions

UP traders have been vociferously demanding that the Centre and UP govt formulate an ecomm and online trade policy to protest small retailers from the "onslaught" of global ecommerce players

Snapdeal, ShopClues support govt's Feb 1 deadline for e-commerce FDI norms

The position taken by these players is in contrast to that of giants like Amazon and Walmart-backed Flipkart

Govt's e-commerce curbs could hit online sales by $46 bn by 2022: PwC

Under the changes, e-commerce firms in India will from February 1 not be able to sell products via companies in which they have an equity interest

E-commerce majors may seek extension of Feb 1 deadline for new FDI norms

A senior executive at one of the big e-commerce companies said at least 4-5 months would be needed for players to re-work the operational aspects

Modi's clampdown on e-commerce may not win back votes of small retailers

E-commerce firms such as Amazon.com and Walmart-owned Flipkart Group will not be able to sell products from companies in which they have an equity interest or form exclusive agreements with sellers

Tips on buying smartwatches and alluring perfumes on global websites

Opt for package forwarding companies if you have a long list. If not, choose the e-commerce platform's shipping option

Unshackle e-commerce

Online retail can do better without current policy hurdles

Man orders mobile phone-worth Rs 9,000 from online site, gets brick instead

The police official said they have registered a case under IPC sections pertaining to cheating and are probing it

Social media platforms account for 79% of e-commerce in India: PayPal

The survey found that about 52% of the total consumer demand on social media commerce comprises cosmetics and beauty products

Boosting literacy might unlock a $50 bn opportunity in India's e-comm space

Enhancing literacy and building locally relevant solutions can drive usage and transactions among Internet users in the country, helping unlock a USD 50 billion opportunity in the e-commerce space, a report said today. The report by Google, Bain & Company, and Omidyar Network stated that average data usage on mobile phones in India at about 8 GB a month per subscriber is at par with developed markets. However, only 40 per cent of India's 390 million internet users are estimated to be transacting online. "There is potential to unlock over USD 50 billion in online commerce in India by driving awareness, usage and transactions among the current and next set of Internet users and shoppers," it said. The report is based on inputs from about 3,400 respondents. It said 80 per cent of the 390 million Internet users in India are estimated to be from affluent socio-economic segments and the penetration amongst lower income segments is only 13 per cent. Also, the drop-out rates remain high.