The need of the hour is to support e-commerce companies through benign policies and not to treat them as mere cash cows.
Flipkart has long been under the ED scanner for alleged violation of FDI rules.
'The impression is that film shoots or photo shoots are always extremely glamorous. The end result is always is beautiful but there's a lot that goes behind getting that one perfect picture.'
According to eBay, the percentage of transactions during the festival season declined marginally in Delhi, Mumbai, Bengaluru and Chennai.
What will it take to get India's poor broadband penetration to be seen as a problem and not as a condition, thus enabling real, serious e-commerce to take off in India?
According to police, Saraswati had married twice -- once in 2019 and again in 2022 -- but both marriages ended. She later returned to her lover against the wishes of her family.
The case may drag for a few years, experts say, as CAIT and DVM have said they will appeal against the interim relief granted to Amazon.
Nearly 7 out of every 10 P2M UPI transactions take place in high frequency categories like groceries, restaurants, pharmacies, fuel service stations, bakeries and utility services such as electricity, gas, water and sanitation.
The rises in the sector follow an increasing churn rate.
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed executive director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed executive director of Reliance Industries Ltd.
Nilekani noted that India is hardly doing USD 10-15 billion worth of e-commerce transactions a year and that's going to grow in 4-5 years to anywhere between USD 60 and 100 billion.
The proposed policy is increasingly becoming an item of negotiation, as the US pushes hard to change India's stance.
Despite the failure of most e-commerce players to meet orders through the first week of the lockdown, there has been no serious crisis, thanks to supplies from 11 million small kirana and mom-and-pop stores across the country with the support of over 300,000 distributors and wholesalers.
The couple, who lived in the UK, had come to Ahmedabad after two years to surprise Patel.
Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.
Industry experts said the major pain point would be tax collection at source, which would create a rift between sellers and e-commerce companies.
Portal to be launched in three months, says Future Group's Kishore Biyani
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
Ecommerce firms will have it tough as govt turns down FDI proposal.
Ma is also exploring strategic play in one of the largest media houses in India.
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.
Despite being an over Rs 7,000 crore (Rs 70 billion) sector, e-commerce is not the main driver of internet usage. In fact, it comprises only 4 per cent of internet usage.
India's e-commerce sector is expected to touch $22bn in 2015.
USISPF slammed government's move and alleged that the amendments announced were without any consultation and are akin to changing rules in the middle of the game.
These stocks are overvalued and, therefore, one should not adopt a buy and hold strategy.
Buoyed by the success of e-commerce players like Jabongand Myntra, textile companies like Arvind Ltd, TT Ltd and Creative Lifestyles, among others are exploring the online market through their own e-commerce platforms.
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
Ajit Balakrishnan offers a thinking man's guide to e-commerce controversies.
Beware of spot offers and discounts aimed to lure you into binge buying.
E-commerce websites are developing online content in Indian languages.
In the past eight months, Flipkart has seen the exits of Mukesh Bansal, considered the right hand man of Sachin and Binny Bansal; Ankit Nagori, chief business officer; Punit Soni, Flipkart's million-dollar hire from Silicon Valley who headed product and strategy; and Manish Maheshwari, head of the seller business
Eyeing $9 billion business opportunity in booming e-commerce business, India Post, which has the biggest network and serves the last mile, is boosting its infrastructure for real-time tracking of parcels through satellites using a new technology.
The government will develop a mechanism to ensure that e-commerce companies and entities that have adopted Open Network for Digital Commerce (ONDC) architecture are compliant with the rules. Non-compliance may result in a penalty. "We will have our own evaluation system, and if we find any player is not sticking to it, then we will take action. "Participants will have to be compliant with the rule of the land," Sanjiv, joint secretary at the Department for Promotion of Industry and Internal Trade (DPIIT), told reporters on Thursday.
Data localisation, an overarching theme across recent government policy proposals, has been a thorny issue with industry
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
Flipkart Group Chief Executive Kalyan Krishnamurthy on Monday said the firm was advancing preparations for a potential initial public offering (IPO) in India, which included shifting its holding company to India from Singapore. Speaking at an internal town hall, Krishnamurthy said the company's leadership structure is strengthening and that the steps toward relocating Flipkart's legal base to India are progressing as planned, according to people familiar with the matter.
The Chinese billionaire and founder of Alibaba is said to be planning a significant investment in business to business e-tailing as well as payment services and logistics companies.
Make no mistake, Reliance's entry into Indian e-commerce cannot be taken lightly. It is akin to a combine of AT&T and Wal-Mart challenging Amazon on its home turf, says Shailesh Dobhal.
The company, which unveiled on Wednesday its Ebay India census guide, said the country has over 2,471 e-commerce hubs and states like Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat are most active when it comes to online trading.
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year.
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