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E-commerce

Over 80% Indian retailers do not see e-commerce as a threat: Report

Over 80% Indian retailers do not see e-commerce as a threat: Report

Thu, Nov 02, 2023

MSME-focused digital lender in India NowGrowth surveyed around 3,000 Indian retailers and shoppers across more than 25 top cities in India, wherein it was found that at-home delivery remains a top priority for shoppers, with 60 per cent of offline retailers receiving customer requests to start home delivery services.

E-commerce firm Meolaa gets $2 million seed funding

E-commerce firm Meolaa gets $2 million seed funding

Tue, Oct 10, 2023

The company raised its pre-seed funding round of $165K in March 2022. This round of funding helped to kickstart Meolaa's growth and support its mission to create a community of conscious consumers and purpose-driven brands.

E-comm, FMCG, retail sectors contribute 27% to total warehousing demand since 2019: CBRE-In

E-comm, FMCG, retail sectors contribute 27% to total warehousing demand since 2019: CBRE-In

Wed, Sep 27, 2023

E-commerce, FMCG and retail sectors contributed 27 per cent to total warehousing demand since 2019, according to a report by CBRE and Indospace.

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Store rentals a major factor in pushing retailers towards e-commerce

Store rentals a major factor in pushing retailers towards e-commerce

Tue, Jun 27, 2017

'E-tail' is expected to pick up in India as the cost of renting places in Tier-I cities are expected to shoot up. It has become more economical for retailers to focus on e-tail rather than brick and mortar stores.

TCS under GST would have slowed down e-commerce, economic growth, job creation, says FICCI

TCS under GST would have slowed down e-commerce, economic growth, job creation, says FICCI

Tue, Jun 27, 2017

FICCI says that the TCS provision under GST would have led to a slowdown in e-commerce, economic growth and job creation as it would have a direct impact on sellers on these platforms.

Are you ready to file 37 tax returns under GST regime? All your questions answered

Are you ready to file 37 tax returns under GST regime? All your questions answered

Tue, Jun 27, 2017

Touted as India's biggest tax reform -- the Goods and Services Tax (GST) -- is all set to be rolled out from 1st July 2017.

GST rollout: TDS, TCS provisions postponed for E-commerce companies

GST rollout: TDS, TCS provisions postponed for E-commerce companies

Mon, Jun 26, 2017

The Ministry said that persons who will be liable to deduct or collect tax at source will be required to take registration, but the liability to deduct or collect tax will arise from the date the respective sections are brought in force.

Snapdeal files police case against former heads of local logistics firm

Snapdeal files police case against former heads of local logistics firm

Sun, Jun 25, 2017

Indian online retailer Snapdeal has filed a police complaint against some former directors and former management of a local logistics company, in which it owns a stake, accusing them of defrauding the company of 3.57 billion rupees ($55.37 million), a police report showed.

Amazon's grocery push playing catch up with Chinese e-commerce giants

Amazon's grocery push playing catch up with Chinese e-commerce giants

Thu, Jun 22, 2017

China`s Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings.

Myntra End of Reason Sale: Eyes 45% jump in sales; here are the offers

Myntra End of Reason Sale: Eyes 45% jump in sales; here are the offers

Tue, Jun 20, 2017

Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale

Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale

Mon, Jun 19, 2017

Myntra's sale comes at a time when brick and mortal retail stores are offering heavy discounts to customers to clear stocks, ahead of the GST roll-out from July 1.

Over 50 global retailers to enter India in six months

Over 50 global retailers to enter India in six months

Mon, Jun 19, 2017

Over 50 new retail brands that have tied up with Franchise India may enter India in the next six months investing a total of $300-500 million.

With Whole Foods, Amazon on collision course with Wal-Mart

With Whole Foods, Amazon on collision course with Wal-Mart

Sun, Jun 18, 2017

When Wal-Mart Stores Inc bought online retailer Jet.com for $3 billion last year, it marked a crucial moment - the world`s largest brick-and-mortar retailer, after years of ceding e-commerce leadership to arch rival Amazon, intended to compete.

Amazon to buy upmarket grocer Whole Foods for $13.7 billion

Amazon to buy upmarket grocer Whole Foods for $13.7 billion

Fri, Jun 16, 2017

Whole Foods shares were halted at $32.77 in premarket trading, while Amazon`s shares were up 0.5 percent at $969.

Spicejet forays into e-commerce retail venture with Spicestyle

Spicejet forays into e-commerce retail venture with Spicestyle

Tue, Jun 13, 2017

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

Mon, Jun 12, 2017

A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.

Amit Sinha named Paytm Mall's Chief Operating Officer

Amit Sinha named Paytm Mall's Chief Operating Officer

Mon, Jun 12, 2017

Paytm has named Amit Sinha, vice president of One97 Communications as Chief Operating Officer of its e-commerce venture - Paytm Mall.

India leads the growth in consumer sentiment around the world

India leads the growth in consumer sentiment around the world

Wed, May 31, 2017

One of the reasons for the consumer sentiment and the purchase of premium products is the e-commerce boom in India.

Analysts see more gains as Amazon shares break $1,000

Analysts see more gains as Amazon shares break $1,000

Wed, May 31, 2017

Among the other four largest U.S. companies by market cap, Apple and Facebook share prices have also risen nearly 33 percent this year while Alphabet has gained 26 percent and Microsoft has added 13 percent.

Swiggy raises over Rs 517 crore from Naspers, existing investors

Swiggy raises over Rs 517 crore from Naspers, existing investors

Tue, May 30, 2017

Online food delivery platform Swiggy today said it has raised $80 million (over Rs 517 crore) in series E funding led by global internet group and technology investor Naspers.

Snapdeal raises over Rs 113 crore from Nexus, founders

Snapdeal raises over Rs 113 crore from Nexus, founders

Mon, May 29, 2017

It is not clear how long the fresh financing round will help Snapdeal in continuing operations as it faces intense competition from rivals Flipkart and Amazon.

Flipkart most well-funded startup in India, second most in Asia Pacific, report says

Flipkart most well-funded startup in India, second most in Asia Pacific, report says

Fri, May 26, 2017

Flipkart, Indian e-commerce website has been named the most well-funded unicorn in India and ranked second in all of Asia Pacific region. The company has a total disclosed funding of $4.74 billion.

Xiaomi Redmi 4 registers ‘record sales,’ says Amazon

Xiaomi Redmi 4 registers ‘record sales,’ says Amazon

Tue, May 23, 2017

The sale of Xiaomi Redmi 4 garnered record sales with Amazon.in on Tuesday. The e-commerce site said it had received 10 million hits per minute with 250,000 units being sold within the first 8 minutes of the sale.

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