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Government set to develop protocols specific to e-commerce, aims at streamlining ecosystem
The Department for Promotion of Industry and Internal Trade (DPIIT) plans to develop an Open Network for Digital Commerce (ONDC) to set protocols for cataloguing, vendor discovery and price discovery. An 11-member committee comprising officials from various ministries and industry representatives has been set up and a pilot project will start next month, officials said.
Bureau of Indian Standards to bring service norms for e-commerce companies, aggregators
The BIS, which lays down norms with regards to qualit...
Emami expects to turn e-commerce store profitable in 3-4 quarters
Talking to analysts in the recently held investor call, Emami director Moha...
HC seeks Centre's reply on plea against rule to register e-commerce business as company
Senior advocate Anand Grover and advocate Samyak Gangwal, appearing for Sethi, told the court that the effect of the impugned rule was that every business enterprise which is not a company is excluded from the e-commerce space or they will have to sell through platforms like Amazon or Flipkart.
Consumers to ship from local markets, e-commerce platforms for Diwali: Survey
Around 66 percent consumers are expected to just visit local market for festive shopping, instead of visiting main markets in town, this Diwali, the survey said.
Catch-22 situation for e-commerce platforms selling goods in India
Beginning this April, the government has introduced a 2% equalisation levy which would also be applicable. The question is whether 2% has to be calculated on $100 or on $107.5.
India's e-commerce sector is now 9th globally in cross border growth
The year 2020 has seen a decade of growth within just a few months and it was observed that India has been amongst the top 10 countries in cross-border eCommerce growth, a report by Payoneer said.
50-60% of spends on E-commerce platforms via digital modes
CoD has traditionally constituted as much as 70% of all e-commerce transactions. During the early days of the pandemic, CoD transactions fell sharply, as most leading online marketplaces discouraged physical contact on home delivery, although it has picked up since.
Government assures maintaining level-playing field in e-commerce
Quoting the minister, the traders' body said "he assured that government will not spare any efforts in maintaining an even level-playing field in e-commerce business and stressed that violation of government policy will not be tolerated any more".
Video app TikTok leans into e-commerce with Shopify deal
The partnership was announced Tuesday amid stalled negotiations for Walmart to buy a 7.5% stake in the video app.
Amazon fined for not displaying mandatory information about products
Last month, the consumer affairs ministry had issued notices to e-commerce majors Flipkart and Amazon for not displaying such information.
Demand for in-city warehousing to go up as e-commerce firms target faster, same day deliveries
With more and more consumers shifting towards online shopping for food and groceries, e-commerce firms will look at having smaller storage space closer to catchment areas. This will push the need for modern warehouses with high level of automation capabilities within cities.
Artisans from Samarth programme saw 2.5x increase in sales during festive season: Flipkart
"Over the last year, Flipkart Samarth saw a 12x growth in the number of partners who joined the programme. These artisans, who became part of Flipkart's annual festive season sale this year, saw a 2.5x increase in comparison to their usual non-festive sale days," a statement said.
E-commerce sales see rush of new shoppers, mainly from hinterland
Bengaluru-based Flipkart also said that there has been a perceptible shift towards consumers adopting digital payment instruments, with prepaid transactions recording a 75% increase. “One out of every 5 purchases in high-ticket segments like mobiles, furniture, large appliances & electronics were driven through an EMI construct,” Flipkart said in a statement.