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  • Nykaa converts into public company ahead of IPO, renamed FSN e-commerce Ventures Ltd Jul 26, 2021 07:33 PM IST

    Nykaa converts into public company ahead of IPO, renamed FSN e-commerce Ventures Ltd

    Founded by former investment banker Falguni Nayar, Nykaa is expected to go public at a valuation of $4.5 billion. It is targeting to raise $700 million through the IPO.

  • Exclusive | E-commerce Consumer Protection notification likely by August 20 Jul 26, 2021 02:14 PM IST

    Exclusive | E-commerce Consumer Protection notification likely by August 20

    Officials are evaluating the e-commerce industry’s response to the draft rules that aim to protect consumers and stop alleged malpractices by e-tailers. The matter is likely to be put up to Commerce and Industry Minister Piyush Goyal in 2-3 weeks.

  • YouTube to acquire Indian video e-commerce platform Simsim Jul 20, 2021 11:33 AM IST

    YouTube to acquire Indian video e-commerce platform Simsim

    The Simsim app serves as a platform to connect local businesses, influencers and customers.

  • Foreign-owned e-commerce firms vs Kirana stores: Why Brand India matters Jul 15, 2021 05:26 PM IST

    Foreign-owned e-commerce firms vs Kirana stores: Why Brand India matters

    Brand India cannot witness another round of subversive capital colonialism and this is exactly what we are seeing.

  • What's a Take Rate? Jul 14, 2021 03:27 PM IST

    What's a Take Rate?

    Take rate in e-commerce parlance is the commission fee charged by a marketplace for a transaction it facilitates on its platform.

  • RSH Global eyes Rs 100 crore GMV from e-commerce in next two years Jul 07, 2021 01:10 PM IST

    RSH Global eyes Rs 100 crore GMV from e-commerce in next two years

    The company has already launched about 25 products for online marketplaces

  • Flipkart Wholesale expands operations in Bihar Jul 06, 2021 12:03 PM IST

    Flipkart Wholesale expands operations in Bihar

    "Bihar is an important state for us, and we are excited about growing our footprint here. Our key goal is enabling the digital transformation of kiranas and MSMEs using locally developed technology and strong supply-chain capabilities," the company's senior vice president and head Adarsh Menon said on Wednesday.

  • Fashion e-tailer Tjori signs Rs 16-crore equity deal with Hindustan Times Jul 05, 2021 08:56 PM IST

    Fashion e-tailer Tjori signs Rs 16-crore equity deal with Hindustan Times

    Hindustan Times will help build brand awareness in India, the online fashion retailer said in a press release.

  • Amazon, Tata say Indian govt e-commerce rules will hit businesses: Sources Jul 05, 2021 07:50 AM IST

    Amazon, Tata say Indian govt e-commerce rules will hit businesses: Sources

    The meeting was organised by the consumer affairs ministry and the government's investment promotion arm, Invest India. Many executives expressed concerns and confusion over the proposed rules and asked that the July 6 deadline for submitting comments be extended, Reuters reported quoting officials.

  • CAIT against deadline extension for comments on e-commerce rules Jul 04, 2021 05:44 PM IST

    CAIT against deadline extension for comments on e-commerce rules

    The traders' body which has been at the forefront of the movement for a level playing field for offline traders in relations to e-commerce companies said that the draft e-commerce rules are competent to flush out the precedence of unethical and malpractices being conducted by foreign funded e-commerce companies.

  • Government won't change FDI rules for e-commerce, says Commerce Minister Piyush Goyal Jul 02, 2021 06:30 PM IST

    Government won't change FDI rules for e-commerce, says Commerce Minister Piyush Goyal

    The minister has said the RoDTEP rates involving 11,000 export items will soon be announced. The government is also keen on launching its national single window portal for industry clearances and approvals.

  • India's digital economy to touch $800 billion by 2030: Redseer Jun 30, 2021 07:17 PM IST

    India's digital economy to touch $800 billion by 2030: Redseer

    The annual gross merchandise value or the value of total goods sold on the online commerce platforms is likely to be $55 billion in 2021 and $350 billion in 2030.

  • COVID-19 impact | Snapdeal witnesses 70% growth in home category Jun 30, 2021 02:17 PM IST

    COVID-19 impact | Snapdeal witnesses 70% growth in home category

    The growth has been led predominantly by kitchenware and home improvement category products, according to the company.

  • 10Club raises $40 million in seed funding from Fireside Ventures, others Jun 29, 2021 07:56 PM IST

    10Club raises $40 million in seed funding from Fireside Ventures, others

    The funding will primarily be used for expanding 10Club's portfolio of brands, investing in building its technology stack, and for working capital purposes.

  • Many large e-commerce firms have blatantly flouted laws of land: Piyush Goyal Jun 27, 2021 02:30 PM IST

    Many large e-commerce firms have blatantly flouted laws of land: Piyush Goyal

    He said that many of the practices which these companies follow are against the interest of consumers and the government has recently come out with draft rules for e-commerce companies or marketplace models, which are applicable to all entities including Indian.

  • Some states concerned about proposed e-commerce rules, fear negative impact on jobs, MSMEs Jun 27, 2021 10:09 AM IST

    Some states concerned about proposed e-commerce rules, fear negative impact on jobs, MSMEs

    These state governments plan to suggest strong safeguard measures in the proposed rules to ensure that any changes in the Consumer Protection (E-Commerce) Rules, 2020 do not hamper their economic growth engines and revenue collections, officials from those states said.

  • US lobby group views India's e-commerce plan as worrying, email shows Jun 24, 2021 02:53 PM IST

    US lobby group views India's e-commerce plan as worrying, email shows

    India's draft plan "includes several concerning policies, including significant limits on platforms' ability to organise sales and handle grievances," USIBC said in an email to its members.

  • India e-commerce rules cast cloud over Amazon, Walmart and local rivals Jun 23, 2021 09:07 AM IST

    India e-commerce rules cast cloud over Amazon, Walmart and local rivals

    India's Ministry of Consumer Affairs outlined plans on Monday which include limiting "flash sales" by online retailers, reining in a private label push, compelling them to appoint compliance officers and impose a "fall-back liability" if a seller is negligent.

  • Govt not to seek disclosure of flash sales from etailers; to act on consumer complaints Jun 22, 2021 09:28 PM IST

    Govt not to seek disclosure of flash sales from etailers; to act on consumer complaints

    Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the etailers need not be "anxious" about the draft rules.

  • What's wrong in giving discounts on rental to sellers: Flipkart to Karnataka HC Jun 22, 2021 08:03 PM IST

    What's wrong in giving discounts on rental to sellers: Flipkart to Karnataka HC

    Flipkart’s counsel says that the argument that the e-commerce major can give sellers discounts on rentals is being misconstrued as an admission of violating FDI norms.

  • Govt proposes ban on mis-selling, fraudulent flash sales on e-commerce platforms; seeks public comments Jun 21, 2021 10:14 PM IST

    Govt proposes ban on mis-selling, fraudulent flash sales on e-commerce platforms; seeks public comments

    The Consumer Protection (E-Commerce) Rules, 2020 were first notified in July last year. Their violations attract penal action under the Consumer Protection Act, 2019.

  • Small, Beautiful & Strong | Business Not As Usual Jun 21, 2021 05:00 PM IST

    Small, Beautiful & Strong | Business Not As Usual

    In the pilot episode of Small, Beautiful & Strong, we examine the path for small businesses to the “new normal” powered by the engines of technology and digitisation

  • Amazon, Flipkart face risk of being legally exposed in India Jun 17, 2021 05:51 PM IST

    Amazon, Flipkart face risk of being legally exposed in India

    Flipkart and Amazon India need to undergo complex structuring and restructuring to align themselves with the e-commerce policies in India. Against this backdrop, the CCI investigation could even screen such restructuring measures 

  • Flipkart opens 2.2 lakh sq ft warehouse in West Bengal, to create about 3,500 direct jobs Jun 16, 2021 05:13 PM IST

    Flipkart opens 2.2 lakh sq ft warehouse in West Bengal, to create about 3,500 direct jobs

    The facility will also help thousands of sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states while also helping create national market access, according to a statement.

  • Netflix: The Store! Jun 11, 2021 07:06 PM IST

    Netflix: The Store!

    Come Thursday, the world’s biggest streaming company plants a flag in the territory of e-commerce

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