India's e-commerce penetration will double to 11% by 2024: Goldman Sachs
E-commerce is expected to register a growth of over 18% for the current year but estimates for 2021 and 2022 show a year-on-year growth rate of over 33% and 28% respectively.
Working on an old-fashioned business, Milkbasket built a profitable e-commerce model in just 5 years
Inspired by the efficient supply chain o...
Flipkart may consolidate Walmart's wholesale ops
The Bengaluru-headquartered company, in which Walmart bought 77% stake for $16 billion in 20...
E-commerce firm Flipkart buys Walmart's India wholesale business
Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal. Financial terms for the deal were not disclosed.
E-commerce startup DealShare to hire 5,000 people by December
Currently, DealShare has more than 300 direct employees. The company has close to two million subscribers, and the number is growing steadily.
Soon, e-commerce companies will have to redress plaints in a month
"Most rules framed under the Consumer Protection Act 2019 have come into force from today (Monday). However, e-commerce rules will get notified by the end of this week, while rules on direct selling will take some more time," the Consumer Affairs Minister told reporters in a virtual press conference.
Government notifies new rules for e-commerce entities: Here's what changed
According to the new rules, the e-commerce players will have to display the total price of goods and services offered for sale along with a break-up of other charges. They are also required to mention the 'expiry date' of goods offered for sale and the 'country of origin' of goods and services that are necessary for enabling the consumer to make an informed decision at the pre-purchase stage.
E-commerce companies go on a hiring spree
BharatPe has this month hired Nishant Jain from Zomato as its chief business officer and Ankur Jain, a former Walmart Labs executive, as its chief product officer.
E-commerce companies like Amazon, Flipkart seek time to comply with labelling rule
Companies have been asked to provide feedback within a fortnight about the modalities after discussing it with sellers on their platforms.
Companies and e-commerce players need to display 'country of origin' on products: Paswan
In January 2018, the government amended the Legal Metrology (Packaged Commodities) Rules, 2011 to add a new provision mandating declaration of 'country of origin' for manufacturers, importers, packers and e-commerce entities. The ministry has finalised the rules relating to the composition and functioning of the CCPA, and these are expected to be notified soon.
E-commerce spends surpass pre-COVID-19 levels post lockdown in Delhi, Mumbai, Bengaluru: Report
The report is based on an analysis of credit card spending patterns of over three million members across the three cities. The data takes February 2020 spending as a baseline and compares it to spends in subsequent months under which the lockdown and unlock time periods fall, said the report.
India’s e-commerce penetration will double to 11 per cent by 2024: Goldman Sachs
E-commerce is expected to register a growth of over 18% for the current year but estimates for 2021 and 2022 show a year-on-year growth rate of over 33% and 28% respectively. To compare, growth rates for the same period for the US are 17% and 19%, while it is nearly 11% for China in the next two years.
Inspired by newspaper supply chain, Milkbasket turns a page with profits
Five-year-old online grocery firm Milkbasket has announced that as of July 2020, it has attained profitability, possibly becoming one of the...
New e-commerce rules provide clarity on responsibilities of marketplaces, sellers: Industry execs
The 'Consumer Protection (E-Commerce) Rules, 2020' were notified on Thursday. It will be applicable to all electronic retailers (e-tailers) registered in India or abroad but offering goods and services to Indian consumers. Violation of the rules will attract penal action under the Consumer Protection Act, 2019.
E-commerce sales surge for food & grocery retailers in April-June quarter
Leading brick-and-mortar chains such as Reliance Retail, Spencer's Retail, More, Nature's Basket, Tata-owned Star, Big Bazaar and Easy Day strengthened their e-commerce, home delivery or launched store-on-wheels visiting apartment complexes last quarter after consumers visiting stores reduced drastically due to lockdown and restrictions on movement.