The move will establish a level-playing field for domestic investments in start-ups compared to foreign-based sources.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
Pilot project in Bengaluru; Snapdeal got into the category last month
Amazon India, Flipkart and Snapdeal are currently locked in a battle for market leadership in the burgeoning Indian e-commerce sector.
The competition which BigBasket faces now is with the big three - Amazon, Walmart, and Reliance.
Far from public glare, company is investing in tech firms and providing consultancy.
In about a year, top e-commerce companies are expected to raise as much funds as the three sector leaders raised in about five years.
From 690,800 sq ft in 2013, the absorption by e-commerce companies in Chennai dropped to 31,150 sq ft last year.
LG, Samsung, Videocon, Sony and Panasonic have instructed their trade partners that products sold through online marketplaces without their knowledge during flash sales will not get the benefit of after-sale service and warranties.
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
Recently, e-commerce firms have been under the lens for tax violation.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Mobile phones, televisions, refrigerators, laptops and stationary items will be allowed to be sold through e-commerce platforms like Amazon, Flipkart and Snapdeal from April 20 during the lockdown, officials said on Thursday. The clarification from a senior home ministry official came a day after Union home secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.
Experts believe more efforts would be needed in future funding rounds.
According to industry studies, the Hindi Internet user base is likely to outgrow the English user base by 2021 and along with Marathi and Bengali users, will drive volume growth.
Flipkart's appointment of Kalyan Krishnamurthy as CEO and Ola's choice of PepsiCo's Vishal Kaul for COO speaks to the growing trend of bringing in experienced professionals to run business. Karan Choudhury reports.
Unprecedented pay and perks like free healthcare for in-laws helping the likes of Flipkart, Snapdeal tap talent
Prime Minister Narendra Modi had announced the policy last month.
Snapdeal said it will give its users the option to defer the delivery by a few days till new currency notes become easily available.
Seeks to cut biz costs by 10% for sellers across 24 verticals, by slashing fees and delivery charges.
Loses notional value by 37.5% because of markdowns by investors
His presence matters more than the money he brings.
Internet entrepreneurs are the next big thing in India.
Domestic handset maker Intex has launched India's first Firefox OS based handset for Rs 1,999, targetted at capturing a larger chunk of the booming affordable smartphone market in India.
E-commerce companies have said they are well prepared and working closely with delivery partners to ensure smooth and safe delivery of packages in Maharashtra where the government has announced a slew of restrictions, including night curfews and weekend lockdown to control the spike in COVID-19 cases. However, there are concerns around the mandate for delivery staff to be either vaccinated or carry a negative RT-PCR report. According to the health ministry data, till 8 am on Tuesday Maharashtra's COVID-19 caseload was 452,777 with an addition of 20,881 from the previous day. In an order on Sunday, the Maharashtra government said all personnel belonging to home delivery services will have to be vaccinated and in case they are not vaccinated, they will have to carry a negative RT-PCR report.
Fewer e-commerce companies hired candidates from B-schools this year.
Looking at the response time, brands are proactively snapping ties with celebrities in the face of controversy.
Flipkart, Amazon & Paytm have raised commissions from sellers.
Flipkart has seen 33 per cent growth in past 6 months despite slowing e-commerce business and stiff competition from Amazon.
India is on its way to become a mobile app-first market and e-tailers and start-ups have begun their race to capture the next set of users in India - those who access vernacular content.
Jack Ma is learnt to have discussed about e-commerce, mobile telephony
Not displaying the mandatory information, including country of origin, on products sold on their platforms in India, draws government's attention.
The US-based firm already has two fulfilment centres in Mumbai and Bengaluru.
Customers can also book the Datsun redi-GO online through Snapdeal.com
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
Bharatiya Janata Party's prime ministerial candidate, Narendra Modi, last month urged small traders to compete with foreign retail chains through e-commerce.
In 2015, e-commerce contributed significantly to the growth in television advertising revenues.
The big breakthrough in e-commerce came in October when the big three of Flipkart, Amazon and Snapdeal went into an overdrive to win customers and offered pre-Diwali sales with eye-popping discounts.
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