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CAIT backs Indian e-tailers conforming to local laws, helping digitise grocery stores; all set to launch national e-commerce portal
Business

CAIT backs Indian e-tailers conforming to local laws, helping digitise grocery stores; all set to launch national e-commerce portal

CAIT said India is one of the largest consumer markets of the world and up-gradation and modernisation of existing retail trade of India has always been the mission of CAIT.

Govt accuses Flipkart, Amazon of violating FDI norms in e-commerce; says e-tailers try to influence prices of goods
Business

Govt accuses Flipkart, Amazon of violating FDI norms in e-commerce; says e-tailers try to influence prices of goods

The government had made it clear that it would not extend the deadline of 1 February for implementing the revised guidelines for e-commerce companies having FDI.

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance
Business

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance

The revised policy on FDI in online retail said that these firms have to offer equal services or facilities to all its vendors without discrimination.

Amazon, Flipkart claim record numbers; e-tailers clock Rs 15,000 cr in festive sales in five days
Business

Amazon, Flipkart claim record numbers; e-tailers clock Rs 15,000 cr in festive sales in five days

While the first leg of the sale ended on these platforms on Sunday and Monday, more offers are expected to be rolled out as Diwali approaches.

Flipkart on hiring spree: Ahead of festival sale, home-grown giant adds 30,000 seasonal job in supply chain, logistics
Business

Flipkart on hiring spree: Ahead of festival sale, home-grown giant adds 30,000 seasonal job in supply chain, logistics

E-tailers usually hire thousands of temporary workers in delivery and support roles to handle the high volume of orders during the festive sale.

Walmart-Flipkart deal: CCI says discounting practice 'already prevalent', no bar on it to probe
Business

Walmart-Flipkart deal: CCI says discounting practice 'already prevalent', no bar on it to probe

In its detailed order clearing the deal, the CCI has said the deal is "not likely" to have an appreciable adverse effect on competition in India.

E-commerce companies rake in Rs 9,000 cr in 5 days of festival sales, up 40% on year, says RedSeer
Business

E-commerce companies rake in Rs 9,000 cr in 5 days of festival sales, up 40% on year, says RedSeer

According to RedSeer, Flipkart (which included Myntra and Jabong as well) accounted for 58% of the GMV (gross merchandise value) clocked, while Amazon had a 26% share.

E-tailers not making much progress in India: Adi Godrej
Business

E-tailers not making much progress in India: Adi Godrej

In FMCG space, over 90 percent of the sales comes from 'Kirana' merchants, who are very efficient, Adi Godrej said.

Rs 500, Rs 1000 crackdown impact: Amazon, Flipkart, Shopclues stop Cash-on-Delivery
Business

Rs 500, Rs 1000 crackdown impact: Amazon, Flipkart, Shopclues stop Cash-on-Delivery

This is a natural reaction to the government announcement on Tuesday

Diwali sales: Flipkart, Amazon announce more discounts for festive season
Business

Diwali sales: Flipkart, Amazon announce more discounts for festive season

E-commerce majors Flipkart and Amazon India have announced three day sales to cash in on the festive mood in the country.

E-tailers took a huge slice of retail pie in 2015
News & Analysis

E-tailers took a huge slice of retail pie in 2015

Technology-driven e-tailers from the virtual world are giving a run for the money to retailers in the real world, as they lure away smart buyers with lower prices, heavy discounts and door-step delivery.

Investors hover as e-tailers boost demand for Indian warehouses
News & Analysis

Investors hover as e-tailers boost demand for Indian warehouses

Overseas firms including Dutch pension fund manager APG and U.S. buyout group Warburg Pincus are looking to invest in India's warehouses,

E-Commerce websites have made a loss of Rs 1000 crore due to heavy discounting: Report
News & Analysis

E-Commerce websites have made a loss of Rs 1000 crore due to heavy discounting: Report

E-commerce companies have incurred combined losses of around Rs. 1,000 crore due to heavy discounting strategy and this model is not feasible in the long run, a PwC report said.

Here's a cybersecurity checklist for Indian e-tailers
Biztech

Here's a cybersecurity checklist for Indian e-tailers

As soon as a new threat has been identified, retailers need to map out the best counter measures for protection...

Process And Cost Transparency Boosts Online Retail
Biztech

Process And Cost Transparency Boosts Online Retail

e-Commerce websites must provide a seamless online experience or face losing out on a huge slice of the festive cash.