Graphic designers, writers, testers, draftsmen and editors are seeing their traditional roles replaced by AI, warns Dr Anshuka Kulkarni, associate professor and head, School of Creative Studies, DYPU.
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.
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.
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.
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.
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 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.
Prominent recruiters were Flipkart, Urban Ladder, AskmeBazaar etc
IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.
The overall e-commerce opportunity in India and China is comparable, yet it's hard to see any single player in India emerging with Alibaba-like market share.
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year.
SBI Cards on Tuesday launched a credit card especially meant for transactions on e-commerce websites.
'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 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.
In spite of the mega IPO of Alibaba, Flipkart-Myntra is not thinking of a public offering at this point
GST Reform 2.0, which trims tax slabs from four to two, signals a push for demand-led growth, and together with recent income tax cuts, sets the stage for sustained economic growth, experts said. The Goods and Services Tax (GST) Council on September 3 approved an overhaul of the indirect tax regime by taxing essentials at 5 per cent and other goods at 18 per cent. A new 40 per cent tax will be applicable on luxury and sin items.
The threat may be a decade away, but it has brick-and-mortar sellers rethinking their strategies and banking on the govt to regulate online companies.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
"Not a single step has been taken by this government to empower small businesses in India," says Praveen Khandelwal, national secretary general of the Confederation of All India Traders and former treasurer of the Bharatiya Janata Party's Delhi unit.
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.
The final policy may be out only after formation of the new government, according to sources
Players are stepping on each other's toes, significant acquisitions are coming and opportunities still abound.
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.
The couple, who lived in the UK, had come to Ahmedabad after two years to surprise Patel.
Experts say data localisation and sharing is probably the single-biggest detriment that the draft policy talks about, the rest have no or minor repercussions on the players
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.
Enrise Systems is scouting for summer interns from any business school in Andhra Pradesh for a period of 2 months.
E-commerce companies typically stick to the gross merchandise value run rate to calculate sales.
The e-commerce sector's usage of commercial spaces was about 4.2 million square feet of the total of 17.5 million sq ft consumed in the first half of 2015.
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Government seeks stakeholders' comments by Jan 30 on discussion paper.
The Centre has slapped as many as 148 notices on e-commerce players in the past three months for not complying with the mandatory display of the 'country of origin' tag on products sold. "Of the 148 notices, 56 have compounded it (the offence) and paid up around Rs 34 lakh," a senior official told Business Standard. "Every product has to display the country of origin, along with other basic information," the official added. In the case of e-commerce companies, these details have to be clearly displayed on their portals.
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The indicative salary outlook for junior employees is Rs 1.45 lakh-Rs 3 lakh per annum, while for mid-management it is between Rs 12 lakh-Rs 30 lakh per annum
Law enforcement authorities in India insist that the market-place operator be responsible that all products and services put up for sale by independent merchants.
In order to counter the growing penetration of e-commerce portals, the ICT industry in Gujarat is also mulling initiation of its own portal for selling products.
Government's decision comes in the backdrop of several complaints being flagged by domestic traders on heavy discounts being given by e-commerce players to consumers.
In 2015, e-commerce contributed significantly to the growth in television advertising revenues.
