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  • Alibaba issues upbeat annual forecast on strong e-commerce trend May 13, 2021 06:08 PM IST

    Alibaba issues upbeat annual forecast on strong e-commerce trend

    Alibaba forecast annual revenue to be 930 billion yuan ($144.12 billion) for the fiscal year ended March 2022, above analysts' average estimate of 928.25 billion yuan.

  • FMCG industry grew over 9% in March quarter: Nielsen May 12, 2021 03:21 PM IST

    FMCG industry grew over 9% in March quarter: Nielsen

    The growth in the current quarter was led by consumption across the segments foods as well as non-food.

  • Softbank to invest up to $2.3 billion in UK e-commerce group THG May 11, 2021 11:15 AM IST

    Softbank to invest up to $2.3 billion in UK e-commerce group THG

    The equity raising will give Softbank a stake of just under 10 percent in THG, formerly known as The Hut Group, which floated in London last year.

  • Amazon delays Prime Day in India amid COVID-19 second wave May 08, 2021 10:52 AM IST

    Amazon delays Prime Day in India amid COVID-19 second wave

    Amazon Prime Day discount sale in June will go ahead in other countries including the United States, the United Kingdom, Germany, France, Spain and China.

  • Amazon Seller Services gets fresh fund infusion of Rs 915 crore May 07, 2021 08:48 PM IST

    Amazon Seller Services gets fresh fund infusion of Rs 915 crore

    The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani's JioMart.

  • TRIPS pact waiver for tackling COVID-19 to help save lives, recover trade: India to WTO May 05, 2021 10:34 PM IST

    TRIPS pact waiver for tackling COVID-19 to help save lives, recover trade: India to WTO

    The proposal for temporary waiver from certain provisions of TRIPS agreement is first on priority list, he has said during the formal TNC (trade negotiations committee) and informal HODs (head of delegations) meetings on May 3.

  • CAIT demands action against Amazon, Flipkart for 'supplying non-essential items' amid COVID-19 curbs Apr 27, 2021 03:53 PM IST

    CAIT demands action against Amazon, Flipkart for 'supplying non-essential items' amid COVID-19 curbs

    The traders' body, apart from accusing Flipkart and Amazon of delivering non-essential items amidst the curbs, has also accused both the companies of violating the inventory control norms.

  • Lockdown blues: E-commerce, logistics players grapple with delivery challenges Apr 23, 2021 04:26 PM IST

    Lockdown blues: E-commerce, logistics players grapple with delivery challenges

    Industry estimates that e-commerce order volumes have dropped by over 50% because of varying restrictions on non-essential goods but experts are optimistic that the sector will bounce back with strong growth like it did last year when the economy reopened after the lockdowns.

  • Fuelled by COVID-led demand, logistics players to grow 3-times by 2024: Study Apr 19, 2021 07:56 PM IST

    Fuelled by COVID-led demand, logistics players to grow 3-times by 2024: Study

    Several FMCG majors and retailers had introduced direct-to-consumer channels last year as the offline channel witnessed low footfalls and faced supply-chain constraints due to the pandemic.

  • Amazon, Flipkart allowed to deliver only essential goods for one week in Delhi Apr 19, 2021 04:55 PM IST

    Amazon, Flipkart allowed to deliver only essential goods for one week in Delhi

    Curfew has been imposed in Delhi with effect from 10:00 pm on April 19 to 5 am on April 26.

  • New ‘must haves’ in the age of COVID-19 Apr 17, 2021 08:32 AM IST

    New ‘must haves’ in the age of COVID-19

    Regulation has to keep pace with social practice. Case in point: Smartphones have become an essential item in many Indian homes where children attend online classes.

  • SMBs to launch ‘Asmbhav’ Summit to protest against foreign e-com retailers' practices Apr 14, 2021 10:08 PM IST

    SMBs to launch ‘Asmbhav’ Summit to protest against foreign e-com retailers' practices

    The representatives were of the opinion that till such time that India continues to allow foreign retailers to masquerade as marketplaces and platforms in India, success for small Indian sellers would be impossible.

  • Social commerce to become a $7 billion opportunity by 2025: Report Apr 12, 2021 04:04 PM IST

    Social commerce to become a $7 billion opportunity by 2025: Report

    Fashion also continues to dominate social commerce platforms, with significant scope in the fields of home furnishing, costume jewellery and electronics accessories

  • Alibaba says it is unaware of other investigations into company, expects no impact on business model Apr 12, 2021 10:58 AM IST

    Alibaba says it is unaware of other investigations into company, expects no impact on business model

    Executives of the e-commerce giant also said that going forward focus will be on better services for customers and merchants, “while complying with regulators.”

  • mjunction targets 25% top line growth in FY22; conducts 27,000 e-auctions in FY21 Apr 10, 2021 07:08 PM IST

    mjunction targets 25% top line growth in FY22; conducts 27,000 e-auctions in FY21

    Our helpdesk and toll-free helpdesks were made operational within three days after the lockdown was declared. Being an e-commerce service provider, our customer-facing processes are 100% digital and already available on the Internet.

  • Maharashtra's new COVID-19 guidelines: E-commerce firms examine norms for vaccination, testing of delivery personnel Apr 06, 2021 09:07 AM IST

    Maharashtra's new COVID-19 guidelines: E-commerce firms examine norms for vaccination, testing of delivery personnel

    Maharashtra Chief Minister Uddhav Thackeray on April 5 wrote to Prime Minister Narendra Modi, requesting him to expand the vaccination drive to those above 25 years of age.

  • Future Retail to offer quick online deliveries in bet on e-commerce Apr 01, 2021 04:31 PM IST

    Future Retail to offer quick online deliveries in bet on e-commerce

    Future will allow customers to order goods from its popular hypermarket "Big Bazaar" stores in Mumbai, Bengaluru and New Delhi and later expand the service to 150 cities, the company said in a statement. There are 285 Big Bazaar outlets in India.

  • Amazon India eyeing to expand grocery business in small towns: Report Mar 29, 2021 03:20 PM IST

    Amazon India eyeing to expand grocery business in small towns: Report

    In the grocery segment, over 60 percent of new customers were from tier II and III cities and towns

  • German union calls four-day strike at Amazon sites ahead of Easter Mar 28, 2021 10:20 PM IST

    German union calls four-day strike at Amazon sites ahead of Easter

    The trade union Verdi is demanding a pay increase of 4.5% for workers in the retail and mail order industry.

  • 'DotPe' secures $27.5 million series A funding from PayU, Info Edge Ventures and Google Mar 26, 2021 05:34 PM IST

    'DotPe' secures $27.5 million series A funding from PayU, Info Edge Ventures and Google

    In the last 12 months, over 5 million Indian consumers have switched to the hassle-free way of ordering and buying from DotPe's merchants using its platform.

  • Amazon calls on India not to alter e-commerce investment rules Mar 25, 2021 06:22 PM IST

    Amazon calls on India not to alter e-commerce investment rules

    Amazon has said it "does not give preferential treatment to any seller on its marketplace," and that it "treats all sellers in a fair, transparent, and non-discriminatory manner".

  • Indian lingerie model Geeta J, 52, hopes to inspire inclusivity, change Mar 23, 2021 05:16 PM IST

    Indian lingerie model Geeta J, 52, hopes to inspire inclusivity, change

    Geeta J, a former teacher who took to modelling when she turned 50, says she wants innerwear companies in India to be more inclusive and avoid featuring only younger women in their promotion drives.

  • Payment startups big winners of e-commerce boom Mar 19, 2021 02:08 PM IST

    Payment startups big winners of e-commerce boom

    Online shopping, contactless card readers and mobile payments are nothing new, but lockdowns and fears of contagion changed consumer behaviour during the coronavirus crisis.

  • Amazon, Flipkart among foreign entities hell bent on destroying India's retail sector: CAIT Mar 18, 2021 03:06 PM IST

    Amazon, Flipkart among foreign entities hell bent on destroying India's retail sector: CAIT

    CAIT in a communication sent to Piyush Goyal said that FDI in e-commerce section of Press Note No.2 of FDI Policy 2016/2018, the stipulations of which foreign entities like Amazon and Flipkart are hell bent on ruthlessly destroying the Indian retail sector with their deep pockets and expansive lobby of legal experts who will stop at nothing before trampling the lives of over 40 crore Indians.

  • Need stricter regulations for FDI in e-commerce, domestic retailers tell government Mar 17, 2021 09:25 PM IST

    Need stricter regulations for FDI in e-commerce, domestic retailers tell government

    The government has lined up more meetings on the issue of FDI in e-commerce and whether e-marketplaces are bending the rules. On March 19, the DPIIT will meet with industry bodies FICCI, CII and Assocham, while on March 25, it will sit down with e-marketplaces like Flipkart and Amazon India.

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