May 13, 2021 06:08 PM IST
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.
- May 12, 2021 03:21 PM IST
The growth in the current quarter was led by consumption across the segments foods as well as non-food.
- May 11, 2021 11:15 AM IST
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.
- May 08, 2021 10:52 AM IST
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.
- May 07, 2021 08:48 PM IST
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.
- May 05, 2021 10:34 PM IST
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.
- Apr 27, 2021 03:53 PM IST
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.
- Apr 23, 2021 04:26 PM IST
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.
- Apr 19, 2021 07:56 PM IST
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.
- Apr 19, 2021 04:55 PM IST
Curfew has been imposed in Delhi with effect from 10:00 pm on April 19 to 5 am on April 26.
- Apr 17, 2021 08:32 AM IST
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.
- Apr 14, 2021 10:08 PM IST
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.
- Apr 12, 2021 04:04 PM IST
Fashion also continues to dominate social commerce platforms, with significant scope in the fields of home furnishing, costume jewellery and electronics accessories
- Apr 12, 2021 10:58 AM IST
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.”
- Apr 10, 2021 07:08 PM IST
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.
- Apr 06, 2021 09:07 AM IST
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.
- Apr 01, 2021 04:31 PM IST
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.
- Mar 29, 2021 03:20 PM IST
In the grocery segment, over 60 percent of new customers were from tier II and III cities and towns
- Mar 28, 2021 10:20 PM IST
The trade union Verdi is demanding a pay increase of 4.5% for workers in the retail and mail order industry.
- Mar 26, 2021 05:34 PM IST
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.
- Mar 25, 2021 06:22 PM IST
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".
- Mar 23, 2021 05:16 PM IST
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.
- Mar 19, 2021 02:08 PM IST
Online shopping, contactless card readers and mobile payments are nothing new, but lockdowns and fears of contagion changed consumer behaviour during the coronavirus crisis.
- Mar 18, 2021 03:06 PM IST
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.
- Mar 17, 2021 09:25 PM IST
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.