Jul 26, 2021 07:33 PM IST
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.
- Jul 26, 2021 02:14 PM IST
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.
- Jul 20, 2021 11:33 AM IST
The Simsim app serves as a platform to connect local businesses, influencers and customers.
- Jul 15, 2021 05:26 PM IST
Brand India cannot witness another round of subversive capital colonialism and this is exactly what we are seeing.
- Jul 14, 2021 03:27 PM IST
Take rate in e-commerce parlance is the commission fee charged by a marketplace for a transaction it facilitates on its platform.
- Jul 07, 2021 01:10 PM IST
The company has already launched about 25 products for online marketplaces
- Jul 06, 2021 12:03 PM IST
"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.
- Jul 05, 2021 08:56 PM IST
Hindustan Times will help build brand awareness in India, the online fashion retailer said in a press release.
- Jul 05, 2021 07:50 AM IST
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.
- Jul 04, 2021 05:44 PM IST
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.
- Jul 02, 2021 06:30 PM IST
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.
- Jun 30, 2021 07:17 PM IST
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.
- Jun 30, 2021 02:17 PM IST
The growth has been led predominantly by kitchenware and home improvement category products, according to the company.
- Jun 29, 2021 07:56 PM IST
The funding will primarily be used for expanding 10Club's portfolio of brands, investing in building its technology stack, and for working capital purposes.
- Jun 27, 2021 02:30 PM IST
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.
- Jun 27, 2021 10:09 AM IST
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.
- Jun 24, 2021 02:53 PM IST
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.
- Jun 23, 2021 09:07 AM IST
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.
- Jun 22, 2021 09:28 PM IST
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.
- Jun 22, 2021 08:03 PM IST
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.
- Jun 21, 2021 10:14 PM IST
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.
- Jun 21, 2021 05:00 PM IST
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
- Jun 17, 2021 05:51 PM IST
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
- Jun 16, 2021 05:13 PM IST
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.
- Jun 11, 2021 07:06 PM IST
Come Thursday, the world’s biggest streaming company plants a flag in the territory of e-commerce