Diane Wang's DHgate makes inroads into India's e-commerce ahead of Jack Ma's Alibaba.
It is hard enough to make a profit in e-commerce without having to deal with excessive paperwork, legal fees and the constant threat of harassment by revenue officials.
Floats discussion paper for stakeholders' feedback with a deadline of January 28.
With a growing penetration of the Internet, which reaches to rural areas of the country, the retailers would be able to deepen their market
Flipkart's Sachin and Binny Bansal may have become the poster boys of the Indian e-commerce industry, but there are a host of others who are emerging from the shadows.
In first major growth in 5 years, 2,000 advertisers were added in Jan-Sep 2015.
ITRs with zero tax liability have increased to 55.7 million in FY25.
India's internet economy is estimated to reach $1 trillion by 2030, primarily due to e-commerce, which is expected to be worth $325 billion and rank third globally, according to industry experts. Last year marked a crucial turning point for India's e-commerce sector, with notable changes in consumer trends, technology, and regulations. InGovern Research Services, a leading corporate governance advisory firm, hosted a virtual roundtable to deliberate on the notable developments in India's e-commerce sector in 2023, with a particular focus on the essential role of customer trust in fueling its ongoing expansion.
Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
'No retaliatory tariffs now. You can retaliate after a few months.' 'Today, there is no need to retaliate because it is a question of long term benefits.'
Foreign retail chains, reluctantly allowed limited entry, have begun to make their initial moves and, like Ikea, intend to spend big money -- sometimes in the billions of dollars.
Competition in the booming multi-billion dollar Indian smartphone market is further set to intensify with e-commerce giants Amazon, Flipkart and Snapdeal all set to launch Google's much-awaited sub-$100 (around Rs 6,000) handsets on Monday.
High penetration of internet, increased use of smartphones help the cause of top e-commerce firms, leading to a rapid rise in their valuations.
rediffGURU Major Inderpaul Singh (retd) offers career guidance and helps students and individuals handle challenges in their professional lives.
Unprecedented pay and perks like free healthcare for in-laws helping the likes of Flipkart, Snapdeal tap talent
His presence matters more than the money he brings.
Private consumption is back driven by festive spending, and the medium-term economic outlook remains bullish as the innate strength of the macro-fundamentals reasserts itself, the Reserve Bank Bulletin said on Wednesday. Global economic activity remained resilient during Q4:2024 amidst fragile confidence and rising protectionism, said an article on 'State of the Economy' published in the November Bulletin.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
US-based retailer Walmart is setting up a research centre in India to develop technologies and solutions for its global e-commerce business.
On the investor side, we realised most of the funds have foreign capital, thus closing down the opportunity to the Indian investor.
The Income Tax department has trained its scanner on the burgeoning 'e-commerce' business in the country.
Homegrown fast-moving consumer goods (FMCG) major Dabur India is set to record low single-digit growth in consolidated revenue in the December quarter, it said in an update on Friday. The maker of Hajmola candy and Real fruit juice said rural consumption continued to be resilient and grow faster than urban in the third quarter.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
About 80 per cent of the domestic e-commerce market is travel related, comprising booking of airline and rail tickets, hotel bookings, and online mobile recharge, with online retailing taking in just about 15 per cent.
The company did not disclose its new holding pattern.
As quick-commerce players find their foothold among consumers, brands are all set to step up their presence on these platforms.
The chamber has sought clarity from government to remove uncertainty among businesses
Companies like Flipkart, Amazon and Meesho as well as quick commerce ones like Blinkit, Zepto and Swiggy Instamart may create hundreds of thousands of seasonal jobs for the coming festival season.
Sellers on eBay, the e-commerce site, are offering the iPhone 5 at exorbitant prices, starting at Rs 74,000 and going up to Rs 88,000, to those who cannot wait to flaunt the smartphone.
The draft rules have been issued after Parliament approved the Digital Data Protection Bill 2023 about 14 months back.
E-commerce sites in the religious segment launch value-added services to rake in the moolah.
Reliance Retail follows Future Group in online foray
Uber had run into trouble with the RBI over the two-payment process
Women are increasingly getting active in shopping online by prominently buying lifestyle and electronic items.
Amazon.in has announced the launch of first-of its-kind women-only outlets for delivering products.
The finance minister, in her Budget speech, should focus more on what she is directly responsible for, rather than on programmes where her role is largely supportive, notes Nitin Desai.
E-commerce firm Amazon India has announced the creation of over 110,000 seasonal job opportunities across its operations network as it prepares to serve millions of customers throughout India during the upcoming festival season. These positions include both direct and indirect roles in cities such as Mumbai, Delhi, Pune, Bengaluru, Hyderabad, Kolkata, Lucknow, and Chennai, among others. Notably, Amazon has hired thousands of women and nearly 1,900 individuals with disabilities into its existing network.
However, the firm continued with its operation in the Indian market.
'We may see even more restrictive policies during 2.0.'
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