A meeting was held today with representatives of companies like Flipkart, Snapdeal, Wipro, and industry bodies Nasscom, CII and FICCI as well as officials from RBI and NPCI to discuss various issues, according to sources.
Alibaba, which already owns 83 per cent of Lazada with two investments totalling USD 2 billion as of June last year, has been trying to acquire both online and offline assets to further bolster its business.
Tri Huynh, a former director of business development, accused Walmart of having betrayed the principles of integrity and honesty espoused by founder Sam Walton in its push to show "meteoric growth" in e-commerce.
Internet retailers and brick-and-mortar chains in Mexico are investing heavily in e-commerce as the sector gains in popularity, although it is still a small fraction of total retail sales.
Flipkart is widening its selection of brands & goods and ensuring faster deliveries to customers.
The world's largest retailer, officially known as Wal-Mart Stores Inc , said on Thursday the service will launch in the latter half of 2018.
"The company has incorporated a wholly-owned subsidiary Welspun Nexgen Inc registered with the state of Delaware, US having paid up capital of USD 4.25 million to make investment in e-commerce companies," Welspun India said in a BSE filing.
Pai was responding to a question as to what online market places like Flipkart and others need to do to address the selling of fake products on their platforms.
A study conducted by Assocham and Deloitte pointed out how increasing mobile and internet penetration, push into new international markets by e-businesses are the major drivers of the unprecedented growth in e-commerce.
Indiamart's existing investors include Intel Capital, Amadeus Capital, WestBridge Capital and Quona Capital.
The portal, which was launched in February, is voucher based travel portal specialising providing luxury hotel to its customers.
While the 'Walmart' branding can be seen on its stores even today, the American retail giant has said that the company will change its name officially.
GM's Marketplace technology, developed in collaboration with International Business Machines will be uploaded automatically to about 1.9 million model-year 2017 and later vehicles starting immediately, with about 4 million vehicles across the Chevrolet, Buick, GMC and Cadillac brands equipped with the capability in the United States by the end of 2018, GM said.
According to the People's Bank of China, Chinese banks dealt with 8.6 billion payments from mobile services in the second quarter of this year, up 40.5 per cent from a year ago.
DHL chief executive officer (CEO) Ken Allen said that he sees a strong growth in cargo movements between India and China as the two countries continue to expand bilateral trade.
The investment and introduction of 'chatbots' comes at a time when the e-commerce giant is locking horns with Flipkart in the Indian market.
While Amazon did not give an exact start date, the remarks from Rocco Braeuniger suggest the company will ship goods from its first Australian warehouse in time for the end-of-year holiday season, a moment seen by analysts as a tipping point for Australia's staid retailers.
According to more than six entrepreneurs and venture capital investors interviewed by Economic Times, all these major e-commerce companies have already separately held talks with the market leaders in the food delivery space – Swiggy and Zomato.
The world's largest online retailer on Wednesday announced Amazon Key, a lock and camera system that users control remotely to let delivery associates slip goods into their houses. Customers can create temporary passcodes for friends and other services professionals to enter as well.
"From (their) data, we know mothers sometimes browse at night, so we can offer flash sales when we know customers are browsing," says Ambrose Chan, the Thai company's CEO.
Shivam Chopra, a hotel management graduate, sought refunds on mobile phones by strategically by misusing the e-commerce company’s customer satisfactory policy
Amazon in piloting 'Seller Flex' in parts of US. The service is expected to be rolled out next year.
So far, the company has been selling its products on existing online marketplaces such as Big Basket and Amazon
Alibaba also said in a statement it will invest another 100 billion yuan ($15.12 billion) in the next five years to expand its global logistics network.
Microsoft has reportedly invested $200 million to build AI capabilities.