Graas has already invested a part of the funding in acquiring Shoptimize Inc and SELLinALL
Alibaba, the Chinese e-commerce juggernaut is anticipated to announce fiscal first-quarter revenue totalling 203.23 billion yuan ($30.05 billion), down 1.2 percent from the year ago period.
Electronics and fashion, which are usually the top selling categories for marketplaces, saw a slower growth compared to other categories in terms of order volume
During the pandemic, people shifted a lot to e-commerce and thus government wants to ensure no unfair trade practices are prevalent on these e-commerce platforms, Nidhi Khare the Chairperson of the Central Consumer Protection Authority told CNBC-TV18.
Electronic items, along with direct-to-consumer (D2C) brands, affected the most. D2C brands also grappling with supply-chain issues as costs increase, say experts.
Alibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, Reuters learnt from sources.
The report found that India's last-mile emissions per delivery stand at 285 gCO2 and are significantly higher than the global weighted average of 204 gCO2.
The decision will be a game-changer for the success of the government's Open Network For Digital Commerce (ONDC) platform, the minister added.
The news sent the company's shares 9% higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model.
Metro Brands has seen massive growth in the digital channel. Farah Malik Bhanji and Alisha Malik, two members of the promoter-founder family, talk to Anuradha Sengupta in an episode on the ‘Life After Listing’ show and discuss what has helped the surge in sales from the online channels.
While thousands of startup employees have lost jobs, the number is small if one looks at the larger employment market canvas, experts said. While IT and ITes sector will continue its run, e-commerce and logistics as well as export oriented sectors including textiles, leather goods are doing well. Consumer goods sector will increasingly hire more as well as the retail and hospitality sectors.
Sources privy to the developments told CNBC-TV18 that compliance issues for e-commerce suppliers are likely to be eased. The council could also empower the Centre and states to issue show-cause notices to plug leakages.
"It's been a tremendous struggle to find the appropriate location for clients," said Michael Schipper of Blau & Berg, a commercial real estate specialist in New Jersey and New York.
Based on the GMV of key categories on Tata Neu, JM Financial believes the value of Tata Digital "could be upwards of $15 billion".
Stagnating growth, customer-acquisition challenges and intense competition, combined with a sharp decline in funding, forcing companies to conserve cash, have given the industry a reality check
The official said allowing the moratorium to lapse is important for developing nations to preserve policy space for their digital advancement, to regulate imports and generate revenue through customs duties.
On acquisitions, Narayanan added that this year will be better for roll-up e-commerce as brands will be looking out for investments, amid the market slowdown.
While company executives did not share a specific timeline for express deliveries, Tata Neu plans to leverage their supply chain capabilities which will be available across all its categories
The consumer affairs ministry along with the ASCI held a virtual meeting on Friday with stakeholders, including e-commerce entities, to discuss the magnitude of fake reviews on their platforms.
The discussions will be broadly based on the impact of fake and misleading reviews on consumers and possible measures to prevent such anomaly
In this episode of The Moneycontrol Real Estate show, Moneycontrol's Vandana Ramnani talks to Vikaash Khdloya, Deputy Chief Executive Officer and COO, Embassy REIT about commercial leasing trends after three waves of COVID-19. He tells listeners that the company is starting to see rents inching up as people get back to work as the physical occupancy of commercial parks improve.
Amazon has accused independent directors of Future Retail Ltd (FRL) of facilitating "fraudulent stratagem" of transfer of 835 stores to billionaire Mukesh Ambani's Reliance group
"We will pursue our rights against this witch-hunt to the full extent of the law," says ex-CEO
Amazon plans to digitise one crore small businesses across the country by 2025.