E Commerce News
Top executives quit retail giant Flipkart amidst major company rejig
The exits come soon after Flipkart said it will buy back employee stock options (ESOP) worth about $700 million from employees as a part of its move to separate full ownership of payments and financial services unicorn PhonePe, in a move to retain talent
Delhi-based start-up ReFit Global earns over Rs 200 crore selling second-hand smartphones
Refurbished second-hand smartphones have always thrown up the challenge of quality and it is this very aspect which has proved to be a major limitation for both sellers and buyers of second-hand phones. This start-up has found a way around the disadvantage and has successfully captured the market
Amazon’s New Cost-Cutting Measure: E-commerce giant to pay shoppers to skip door-step delivery
Amazon has started a new programme under which it will pay customers $10 per order of over $25 if instead of getting their parcels delivered to their doorstep, customers pick them up from designated pickup points.
E-commerce firm Meesho lays off 251 employees, nearly 15% of its existing workforce
Meesho said that the company is committed to ensure all those impacted have its full support and will be provided a separation package that includes a one-time severance payment of 2.5 to 9 months, continued insurance benefits and job placement support
Amazon begins its largest-ever layoffs, 18,000 people to be hit
The world’s largest online retailer spent much of last year adjusting to a sharp slowdown in e-commerce growth as shoppers returned to pre-pandemic habits. Amazon delayed warehouse openings and halted hiring in its retail group
How FMCG brands leveraging data for targeting in a cookie-less world
To truly capture the customer’s attention, brands need to understand they cannot proceed with a one-size-fits-all, mass-blast strategies
Start-up space is not without its challenges but there's no funding winter for angel investors
A sluggish market is the best time to start your investment journey in the start-up space or to double down on your investments
Fake reviews on E-Commerce platforms under Centre’s radar
In the virtual meeting, the discussions will be broadly based on the impact of fake and misleading reviews on consumers and possible measures to prevent such anomaly
Explained: The open e-commerce network ONDC that Flipkart, Amazon and others are planning to join
The Open Network for Digital Commerce (ONDC) is a network of several small and large-scale offline and online traders. Even though it is in a nascent stage, it is being pitched as a solution to break the dominance of large e-commerce firms
Shaheen Bagh drugs case: NCB arrests one more person from Laxmi Nagar, total five nabbed till now
On Thursday, NCB said it seized about 50 kg of 'high-quality' heroin packed in Flipkart and other e-commerce companies' wrappers, following raids at a residential premise in the Shaheen Bagh-Jamia Nagar and it claimed to have unearthed an Indo-Afghan drug-smuggling racket
Zomato to Swiggy: In internet’s winner takes all model, innovation and growth take backseat
Sooner or later Zomato and Swiggy, the only ones left in the food aggregation business, will consider a merger. Because, they have a common shareholder, SoftBank
FDI policy on e-commerce: Online firms cannot win the game by blaming govt but by finding a way around regulations
The reluctance of digital/technology companies to invest time and resources to navigate an uncertain regulatory landscape is more to be blamed than the FDI policy itself.
National Retail Trade Policy: How Centre seeks to change retail trading in the country
As the nation battles the coronavirus pandemic with the emergence of new COVID-19 variants like Omicron, the significance of retail supply chains becomes clear in ensuring essentials are available across the entire country.
Proposed e-commerce regulations 'lack definitive structure', could negatively impact consumer interest
The draft e-commerce rules released by the government on 21 June proposes to ban fraudulent flash sales and mis-selling of goods and services on e-commerce platforms.
E-commerce has a key role to play in tackling India's greatest concern: Lack of jobs
E-commerce is providing opportunities to a new generation of digital entrepreneurs, who have been forced to start their own businesses following job losses.
Explained: Will proposed e-commerce rules do away with flash sales, boost Make In India?
Along the lines of the grievance officers that social media platforms are required to appoint an India, e-commerce platforms, too, will be mandated to create the roles of a chief compliance officer, nodal contact person, and resident grievance officer
Ban on mis-selling, fraudulent flash sales and other changes to e-commerce rules proposed by govt
Ban on misleading users by manipulating search results, appointment of chief compliance officer and resident grievance officer are some of the other amendments being proposed.
Google aims to be the anti-Amazon of e-commerce; it has a long way to go
Google is trying to present itself as a cheaper and less restrictive option for independent sellers.
Older shoppers become big spenders online as COVID-19 accelerates digital transformation among seniors
The internet has become a crucial link to the outside world during the pandemic, one that millions of people still don’t have access to.
Union Budget 2021: Govt may announce steps to promote e-commerce exports and imports, say sources
Ajay Sahai of the Federation of Indian Export Organisation, said extending bulk clearance is a good idea that would help reduce transaction cost