Flipkart and Amazon clock Rs 31,000 crore in festive sales
The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace. Flipkart led with 64% share of the combined gross sales while Amazon continued to fare higher in net promoter score (NPS). NPS measures the loyalty of customers to a company.
A law in the making to guard ecommerce consumers
The ministry of consumer affairs is looking to add a section detailing penalties for ecomm f...
Amazon doing extremely well in India: Jeff Bezos
Amazon founder and CEO, Jeff Bezos, committed investment worth $5 billion in the Indian mark...
B2B unicorns need 50% less funds than B2C
India's unicorn club has increased from just about nine companies at the start of 2018 to close to 30 now, collectively valued at about $100 billion, according to an Iron Pillar report.
Nykaa fixes a data security bug
While the security bug was fixed in two days, it could have led to hackers and telemarketers mining the data of about million users, said security researcher Ehraz Ahmed, who notified Nykaa of the flaw. However, Nykaa says there has been no breach of personal or financial data.
Complaints on govt helpline: Ecommerce faces the bulk of consumer bricks & mortars
One in every five complaints filed on the helpline was against an e-commerce company.
Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT
Flipkart and Amazon have communicated to Department for Promotion of Industry and Internal Trade (DPIIT) that they are investing big on creating warehouses and logistics network, technology and other such areas, while reiterating they are fully compliant with all laws and FDI norms for online marketplaces.
The sharing and renting economy sees a bloom amidst the slowdown
The sharing and renting economy appears to be steadily growing among millennials averse to acquiring assets.
How big is 'E' theme for stock investing; is it too early a bet?
Many established business houses have set up online transaction channels.
Jumbotail, NinjaCart raise more as B2B Ecomm finds love
NinjaCart, which connects farmers directly with businesses by cutting out middlemen, issued 300 debentures to Trifecta Capital for a total consideration of Rs 30 crore on October 24, regulatory filings showed.
Stop predatory pricing: Piyush Goyal tells ecommerce companies
Commerce & industry minister warns of strict action if online marketplaces don’t comply with rules.
Quora appoints new India head to expand presence in country
Quora said India is one of its fastest growing markets with over 70 million monthly unique visitors in English. Quora is also currently available in Hindi, Bengali, Marathi and Tamil, and will soon be available in Gujarati, Kannada, Malayalam and Telugu.
Adrian Mowat on why CLSA is underweight on India within EMs
The belief in EM as a growth story has almost disappeared with the global investors.
Traders' body CAIT to launch nation-wide movement against Amazon, Flipkart
"Both Amazon and Flipkart still continue to sell goods on their portal at predatory pricing, deep discounting, controlling inventory, promoting preferential sellers and influencing prices," said Confederation of All India Traders.
Walmart takes a $290 million impairment on Jabong
Flipkart has been struggling to figure out a definitive long-term strategy for the fashion portal.
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