E Commerce Firm

Aam Aadmi Party (AAP) leader Raghav Chadha on Friday demanded the termination of 10-minute delivery services offered by quick commerce players, terming the practice as "cruelty" towards gig workers who risk their lives to meet deadlines under extreme pressure. Raising the issue during the Zero Hour in the Rajya Sabha, Chadha said delivery personnel are not robots, but individuals who are someone's father, husband, brother or son. "I want to tell you that these people are not robots. They are also someone's father, husband, brother, or son. The House should think about them. And the cruelty of this 10-minute delivery should end," he said. The AAP leader said while consumers hope their food reaches them in 10 minutes, the House should also think about the welfare of gig workers. Chadha described delivery personnel working for platforms like Zomato, Swiggy, Blinkit, Zepto, ride-hailing services such as Ola and Uber, and home service providers as the "invisible wheels of the Indian ...

SR companies continued to focus on value offerings

Flipkart, Amazon and Bigbasket reported record festive sales of iPhones and premium devices, with fast deliveries and GST reforms boosting growth in metros and Tier-II cities

Zomato, led by CEO Deepinder Goyal, first introduced the fee at ₹2 in August 2023 as part of a strategy to improve margins and move toward profitability

Parekh also added that when compared to competition, the firm's cash burn is the lowest. However, he did not share the exact figure

As online shoppers flocked to quick commerce platforms for Raksha Bandhan essentials, sales spiked but delivery delays, out-of-stock items, and store unavailability increased for Swiggy Instamart, Bli

India's quick commerce market is projected to grow rapidly, reaching Rs 2 lakh crore by FY28, driven by rising adoption in Tier II and III cities, better delivery networks, and demand for instant fulf

Global terror financing watchdog FATF on Tuesday cited the February 2019 Pulwama terror attack, which killed 40 CRPF personnel, and the 2022 Gorakhnath Temple incident to say that e-commerce platforms and online payment services are being misused for terror financing. In its 'Comprehensive Update on Terrorist Financing Risks', the FATF also flagged 'state sponsorship of terrorism' and said a variety of publicly available sources of information and delegations' inputs to this report indicate that "certain terrorist organisations have been and continue to receive financial and other forms of support from several national governments". "Delegations reported on this trend by referring to the use of state sponsorship for TF (terror financing) either as fundraising technique or as part of the financial management strategy of the certain organisations engaging in terrorist acts. Several forms of support have been reported, including direct financial support, logistical and material support,

At 09:50 AM, Nykaa shares were trading at ₹200.73, up by 1.26 per cent on the National Stock Exchange

With deep-pocketed players entering the quick commerce space, platforms ramp up discounts to attract users, driving up cash burn and delaying paths to profitability

This comes as channels like quick commerce gain ground, becoming growth drivers for packaged foods companies

FSSAI to lead surprise inspections as complaints about poor hygiene and expired products in dark stores mount; packaged food brands urge quick commerce platforms to improve standards

Blinkit's Balewadi dark store ordered closed by Maharashtra FDA for lack of food licence and unhygienic conditions amid rising scrutiny of quick commerce platforms

With 22 per cent women recruits and hires from across India, Myntra expands its logistics, delivery, and customer support workforce for the 22nd End of Reason Sale

Rachit Ranjan will lead Zepto's policy, regulatory and government affairs vertical as the company accelerates growth and aims to build socio-economic value in India

The audience that is there on quick commerce is more disposed to experiment because they have more disposable incomes, said Nitin Saini

ONDC names Vibhor Jain as acting CEO with immediate effect, concluding the Executive Committee's interim oversight as the platform continues its search for a new CEO

Beijing increased its tariffs on US imports on Friday to 125%, hitting back against US President Donald Trump's decision to hike duties on Chinese goods to 145

Softbank-backed Meesho has reported a significant narrowing of losses to Rs 53 crore while its revenue increased 33 per cent to Rs 7,615 crore in FY24, the company said in its annual report on Wednesday. The e-commerce firm had posted a loss of Rs 1,569 crore, excluding ESOP cost, and revenue of the company was at Rs 5,735 crore in FY23. Meesho, however, claimed to be the first horizontal Indian e-commerce company to achieve profitability in FY24 and the first to generate positive free cash flow of Rs 197 crore for the full year. "Our revenue from operations grew 33 per cent to Rs 7,615 crore driven by an increase in our unique annual transacting users as well as higher order frequency of our existing loyal customers. This success stems from driving efficiencies across multiple areas like logistics, as well as leveraging Generative AI and Machine Learning for better discovery, improved in-app experience and round-the-clock customer support," the report said. Meesho Founder and CEO

The beauty brand will use the funding to help the online brand deepen its offline presence and enhance research and development capabilities