Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
'There is much scope for ingenuity and inventiveness, and the stakes are very high.'
MySmartPrice has been growing about 100 per cent a year and is profitable.
E-commerce is awash in money, raising concerns about whether this is just another unsustainable internet trend headed for a bust.
Paytm is just embarking on building a TaoBao like entity in India, it may want to address a challenge that the latter faced a few years after its launch.
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Mark Zuckerberg on Friday said universal connectivity and net neutrality "can and must" coexist.
Despite having the third-largest internet user base in the world, India does not feature in the top ten e-commerce markets
As Chinese gadget-maker Xiaomi, the world's third largest smartphone seller after Apple and Samsung, turns five today, it will seek to intensify its India push. But there are miles to go before it can claim true success in India, as a harrowing experience of one of its smartphone users suggests.
Should you buy it because it costs just Rs 6,990? We present top 10 things you must know about the Lenovo A6000 to help you decide.
Relations between founders and investors in the start-up universe - remains as tricky as ever.
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
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