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  • E-commerce grows by 36% in last quarter in India: Report Feb 10, 2021 01:22 PM IST

    E-commerce grows by 36% in last quarter in India: Report

    The report, which assesses the e-commerce growth in Q4 2020 with the sector-wise analysis, said brand websites reported a 94 percent volume growth in fourth quarter of 2020 as compared to same period last year.

  • India to investigate e-commerce firms after complaints from small retailers Feb 09, 2021 06:19 PM IST

    India to investigate e-commerce firms after complaints from small retailers

    "We are also considering certain clarifications to ensure that the e-commerce sector works in the true spirit of the law, " Piyush Goyal told a news conference.

  • DPIIT working on new e-commerce policy: Govt official Feb 05, 2021 03:11 PM IST

    DPIIT working on new e-commerce policy: Govt official

    The other issues which need to be looked upon while formulating the policy are about the problem of counterfeit products, packaging and rules of origin, the official of the Department for Promotion of Industry and Internal Trade (DPIIT) said.

  • Union Budget 2021: Warehousing assets identified for monetisation programme Feb 01, 2021 01:21 PM IST

    Union Budget 2021: Warehousing assets identified for monetisation programme

    Logistics, which include warehousing, was granted infrastructure status in 2017 helped the sector grow by attracting funding.

  • E-commerce will play important role in Atmanirbhar Bharat vision: Amazon India head Jan 28, 2021 07:50 AM IST

    E-commerce will play important role in Atmanirbhar Bharat vision: Amazon India head

    Amit Agarwal, global senior vice president and country head Amazon India, said e-commerce is at nascent stages in India given that it is hardly even 3 per cent of the country''s total retail consumption.

  • CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules Jan 25, 2021 07:09 PM IST

    CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules

    Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said that Rule 10 of Legal Metrology (Packaged Commodities) Rules, 2011, provides that e-commerce entities have to display details of the manufacturer, 'country of origin' and common/generic name of the product, MRP, and dimensions of the commodity, among others.

  • India may scrap e-commerce policy due to lack of unanimity: Report Jan 22, 2021 10:16 AM IST

    India may scrap e-commerce policy due to lack of unanimity: Report

    The inter-ministerial group discussing the policy consisted of the Agriculture Ministry, Corporate Affairs Ministry, Electronics and IT Ministry and the Finance Ministry.

  • Flipkart to drop plans for fresh foods platform: Report Jan 21, 2021 04:26 PM IST

    Flipkart to drop plans for fresh foods platform: Report

    DPIIT issued Press Note 2 in February 2019, which forbids foreign companies from holding inventory or equity directly or through group companies in seller entities.

  • Automotive dealers may act as sub-brokers, distribution channels for motor insurance: IRDAI Committee Jan 20, 2021 08:07 PM IST

    Automotive dealers may act as sub-brokers, distribution channels for motor insurance: IRDAI Committee

    The Committee for Review in its submission noted the motor insurance business sourced by MISPs through brokers and insurers put together constitutes around 25% of the total motor insurance business or around 11.25% of the overall general insurance business.

  • Deaths, self-immolation draw scrutiny on China tech giants Jan 17, 2021 12:50 PM IST

    Deaths, self-immolation draw scrutiny on China tech giants

    The e-commerce workers and delivery people who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest.

  • Grofers IPO: Company looks to acquire tech products, expand to fresh meat segment Jan 15, 2021 02:43 AM IST

    Grofers IPO: Company looks to acquire tech products, expand to fresh meat segment

    "We also looking at acquiring more local space in towns and cities and ramped up our partnership with local store partners," CEO and co-founder Albinder Dhindsa said.

  • Flipkart picks 8 finalists for startup accelerator program Jan 12, 2021 02:17 PM IST

    Flipkart picks 8 finalists for startup accelerator program

    The Walmart-owned company had launched 'Flipkart Leap' in August last year to help new startups grow, scale, navigate challenges, and contribute to India's growing entrepreneurial ecosystem.

  • Reliance Retail to engage kiranas for direct-to-consumer sales through JioMart: Report Jan 12, 2021 01:00 PM IST

    Reliance Retail to engage kiranas for direct-to-consumer sales through JioMart: Report

    Reliance Retail will, however, continue sale of perishable goods from its stores for products such as fruits and vegetables or products with low shelf life.

  • US calls 'Google Tax' discriminatory, India defends equalisation levy Jan 07, 2021 10:44 AM IST

    US calls 'Google Tax' discriminatory, India defends equalisation levy

    India, on its part to defend the equalisation tax aka Google Tax, said that its aim was to ensure a level playing field between local and foreign e-commerce companies, that the tax does not discriminate against any US company, and that it has no retrospective element.

  • Udaan in talks to raise $150-200 million from existing investors: Report Jan 06, 2021 02:41 PM IST

    Udaan in talks to raise $150-200 million from existing investors: Report

    This comes as Udaan managed to make a strong recovery from the impact of the COVID-19 pandemic which had affected almost 60 percent of its business during the lockdown.

  • CCI seeks details on anti-competition complaint filed against Amazon India: Report Jan 02, 2021 03:37 PM IST

    CCI seeks details on anti-competition complaint filed against Amazon India: Report

    Details have been specifically sought on two points — the basis of preferential treatment for certain large sellers and the effect of Amazon’s private labels being sold on its platform

  • Life without Amazon (well, almost) Dec 30, 2020 10:32 PM IST

    Life without Amazon (well, almost)

    Unlike in 1999, or even 2009, today the question of whether or not to interact with Amazon has already been answered for many people. The choice is no longer whether to enter the Everything Store. It’s about trying to locate the exit.

  • Amazon invests Rs 11,400 crore in India in FY20 Dec 29, 2020 04:42 PM IST

    Amazon invests Rs 11,400 crore in India in FY20

    Data analysis from regulatory filings by various Amazon entities showed that Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20 as against a loss of Rs 7,014.5 crore in the preceding fiscal.

  • Amazon Wholesale India revenue declines 70% in FY20 Dec 24, 2020 10:29 PM IST

    Amazon Wholesale India revenue declines 70% in FY20

    Amazon Wholesale India attributed the drop to the change in the government regulation resulting in lower customer adoption. The government had introduced Press Note 2 with an aim to bring a level playing field between online and offline retailers in December 2018. It got implemented in February 2019.

  • Amazon launches ‘Health and Fitness Fest’ storefront: Check offers here Dec 24, 2020 04:45 PM IST

    Amazon launches ‘Health and Fitness Fest’ storefront: Check offers here

    Customers can choose from offers on products related to fitness equipment and accessories, smartwatches, workout apparel, and health supplements.

  • GIC Pte partners with ESR Cayman for $750 million JV for investment in industrial, logistics realty in India Dec 22, 2020 04:06 PM IST

    GIC Pte partners with ESR Cayman for $750 million JV for investment in industrial, logistics realty in India

    Under the new joint venture, a 2.2 million sq ft build-to-core asset near Mumbai and Thane will be seeded, after relevant regulatory approvals.

  • Amazon India adds 1.5 lakh sellers in 2020; 4,152 sellers surpass Rs 1 crore in sales Dec 21, 2020 08:31 AM IST

    Amazon India adds 1.5 lakh sellers in 2020; 4,152 sellers surpass Rs 1 crore in sales

    Amazon India Senior VP and Country Head Amit Agarwal said that technology adoption and digitisation will continue to play a crucial role in offering expanded access and opportunities to small and mid-size businesses

  • ‘Google tax’ collected till December 15 exceeds last fiscal year's collection Dec 17, 2020 07:33 PM IST

    ‘Google tax’ collected till December 15 exceeds last fiscal year's collection

    While in FY20, the tax department collected Rs 1,100 crore in equalization levy, estimates till December 15, exclusively accessed by Moneycontrol, show that the Centre has garnered Rs 1,151.50 crore in 'Google tax' this fiscal year.

  • Cloudtail India revenue rises 28% to Rs 11,413 crore in FY20 Dec 11, 2020 10:26 PM IST

    Cloudtail India revenue rises 28% to Rs 11,413 crore in FY20

    The wholly owned subsidiary of Prione Business Services, a venture of Amazon.com, Inc and Infosys co-founder NR Narayana Murthy’s Catamaran Ventures, Cloudtail India posted a profit of Rs 68 crore in FY20

  • Verify if all e-commerce entities displaying country of origin on products: Delhi HC to Centre Dec 09, 2020 06:51 PM IST

    Verify if all e-commerce entities displaying country of origin on products: Delhi HC to Centre

    A bench of Chief Justice D N Patel and Justice Prateek Jalan directed the central government to file a fresh affidavit after verifying the e-commerce entities' claims of complying with the relevant laws and rules and to also keep in mind the objections raised by the petitioner who has contended that there are still ambiguities in displaying country of origin on products sold by them.

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