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Small sellers on e-commerce platforms face funds crunch for stocking up before festive season
Banks and non-banks have tightened eligibility for loans to third-party ecommerce sellers, inducing a demand-supply constraint in working capital loans to online sellers, according to multiple players, executives and industry watchers.
E-commerce giants look to join hands with local retailers ahead of festive season
For the retailers, such partnerships with e-commerce is hel...
E-commerce sales doubled in pandemic: Emami founder
The homegrown packaged consumer goods company, which makes BoroPlus skin-care and Zandu h...
'E-commerce retail market expected to cross USD 100-billion mark by 2024'
The rise of online fresh groceries sales along with growing numbers of prepared food delivery companies entering this space could propel category growth by five times in the next five years, according to the paper jointly prepared by global professional services firm Alvarez & Marsal (A&M) India and CII Institute of Logistics.
E-commerce industry seeks 6-7 months to comply with consumer protection rules
E-commerce industry associations have sought more time - at least 6-7 months to comply with the new consumer protection rules, including one that requires e-tailers to mandatorily display the ‘country of origin’ of goods.
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.
While coronavirus keeps stores closed, eCommerce saves the day for mid-level brands
Like Da Milano, a host of small-to-medium Indian brands, including Chumbak, Meena Bazaar and Metro Brands, are either shutting outlets or freezing expansions even as they are ramping up their ecommerce verticals.
E-tailers poised to clock $7 bn festive month sales in 2020: RedSeer
Festive sales are expected to almost double this year and touch USD 7 billion in gross merchandise value (GMV) as compared to USD 3.8 billion in the same period last year, according to a report by research firm RedSeer.
In-city warehousing demand may rise as e-commerce firms target same-day delivery
"Over the next 12 months, we believe in-city warehouses will gain traction, to be used as small distribution hubs. We expect occupiers to scout for in-city warehousing space in the range of 5,000-10,000 sq feet in major demand hubs such as Mumbai, Bengaluru and Chennai and the NCR," the report said.
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.
Now, Flipkart signs MoU with Assam government to promote local art, craft and handlooms
According to the state government, the partnership with the Industries and Commerce Department under the ‘Flipkart Samarth’ programme will enable national market access for Assam’s artisans, weavers, and craftsmen, allowing them to showcase their hallmark products on Flipkart’s marketplace.
Electronics, retail MNCs keen to shift production base to India, early to gauge Covid-19 impact on e-comm: Piyush Goyal
In a written reply to the Rajya Sabha, commerce and industry minister Piyush Goyal said that due to sensitivity of information maintained by the companies, the reasons for relocation of operations are not explicitly spelt out.
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.
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.