Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
Bharatiya Janata Party's prime ministerial candidate, Narendra Modi, last month urged small traders to compete with foreign retail chains through e-commerce.
The fixed line broadband will offer "ultra high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences," Ambani said.
While investment activity jumped three to four times this year over last year for e-commerce, it has shown marginal growth (five per cent) in the case of consumer and retail
It is not clear as to whether we are in a bubble in technology stocks. What is clear, however, is that there is no reason why this potential bubble will pop anytime soon, notes Akash Prakash.
Discount chain to expand to the east and west, continue with third-party brands.
'We are offering one year of free music and three months of free movies to a million users through MIUI8.'
Flipkart claims to have more than 90,000 sellers on its platform.
In a filing with the US Security and Exchange Commission on Friday, Walmart said it would allow the initial public offering of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
Three years after launching Big Bazaar Direct, Future group CEO Kishore Biyani's enthusiasm for online ventures has been tempered by growth concerns
MySmartPrice has been growing about 100 per cent a year and is profitable.
United States President Trump has been nominated along side his arch nemesis dictator Kim Jong-un.
CCI investigation into predatory pricing likely
In spite of the mega IPO of Alibaba, Flipkart-Myntra is not thinking of a public offering at this point
The company did not disclose its new holding pattern.
His presence matters more than the money he brings.
Nets three more foreign brands for exclusive retailing, but the cost of the business model may be high, say experts.
With a surge in users and transactions in two weeks, payment wallets step up cashbacks to get more users online.
High return rates in the e-commerce space are making a dent in the margins of e-retailers.
Zara co-founder Amancio Ortega has toppled Bill Gates to become the world's richest person four times. A peek into the life of the 81 year old even Jeff Bezos can't keep up with!
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
'Some experts believe that the only jobs that will escape automation are the ones that involve anticipating the client's need, something that AI cannot do -- not yet anyway,' says Vikram Johri.
On the investor side, we realised most of the funds have foreign capital, thus closing down the opportunity to the Indian investor.
Entirely new businesses have been built using data to disrupt traditional companies.
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
Ma and the other co-founders had finalised the name "Alibaba" after much research on its acceptability.
Spends by e-commerce players have now touched Rs 1,000 crore.
Thousands of retail investors are reaping the benefits of the disruption that the latest technologies have brought to the equity market. Brokerage firms are aggressively investing in technologies such as artificial intelligence, machine learning, big data and analytics, social media, chatbots, virtual assistants and so on.
With Katrina Kaif as brand ambassador, will Lenskart be able to steer customers away from local opticians and keep them loyal?
Yes, if you follow certain safety measures, says Shruti Puri. Here are some rules you must follow.
Here are top 10 things you must know about the Android One Programme.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
The Mondelez portfolio in India also includes brands like Bournvita, 5-Star. Nikhat Hetavkar finds out how it stays relevant amid strong pushback from millennials over health effects of its products.
To promote localisation of manufacturing and reduce its import bill, the government increased basic customs duty on mobile handsets - from 10 per cent to 15 per cent.
Helping UK outlets get wearable devices, robotics; apps to identify empty kitchen jars and auto-order likely soon
Their bootstrapped brand sold 25,000 units on Flipkart in five days during the 2017 festive sale.
K Vaitheeswaran, co-founder of Indiaplaza, one of India's first e-commerce companies, shares the lessons he learnt from its failure.
Men and women from mofussil India are buying designerwear either on their laptops or their cellphones.
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