Feb 10, 2021 01:22 PM IST
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.
- Feb 09, 2021 06:19 PM IST
"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.
- Feb 05, 2021 03:11 PM IST
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.
- Feb 01, 2021 01:21 PM IST
Logistics, which include warehousing, was granted infrastructure status in 2017 helped the sector grow by attracting funding.
- Jan 28, 2021 07:50 AM IST
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.
- Jan 25, 2021 07:09 PM IST
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.
- Jan 22, 2021 10:16 AM IST
The inter-ministerial group discussing the policy consisted of the Agriculture Ministry, Corporate Affairs Ministry, Electronics and IT Ministry and the Finance Ministry.
- Jan 21, 2021 04:26 PM IST
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.
- Jan 20, 2021 08:07 PM IST
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.
- Jan 17, 2021 12:50 PM IST
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.
- Jan 15, 2021 02:43 AM IST
"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.
- Jan 12, 2021 02:17 PM IST
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.
- Jan 12, 2021 01:00 PM IST
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.
- Jan 07, 2021 10:44 AM IST
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.
- Jan 06, 2021 02:41 PM IST
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.
- Jan 02, 2021 03:37 PM IST
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
- Dec 30, 2020 10:32 PM IST
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.
- Dec 29, 2020 04:42 PM IST
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.
- Dec 24, 2020 10:29 PM IST
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.
- Dec 24, 2020 04:45 PM IST
Customers can choose from offers on products related to fitness equipment and accessories, smartwatches, workout apparel, and health supplements.
- Dec 22, 2020 04:06 PM IST
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.
- Dec 21, 2020 08:31 AM IST
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
- Dec 17, 2020 07:33 PM IST
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.
- Dec 11, 2020 10:26 PM IST
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
- Dec 09, 2020 06:51 PM IST
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.