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India's e-commerce and quick commerce platforms are gearing up for the festive season, with industry and analysts expecting healthy value growth and divergent spending trends, as strong consumer appetite for premium products co-exists alongside bargain-hunting by value-conscious shoppers. A key growth engine in e-tailing, quick commerce's widening appeal beyond everyday groceries into fashion, electronics, and beauty is likely to gather further pace this festive season, building on the gains during the recent festival-led shopping cycles. Shubham Nimkar, Research Analyst at Counterpoint Research, believes the festive season will be "healthy in value terms, but more measured in volume terms". While consumers will be willing to spend, higher prices are making them more selective, he said, with premium products in the consumer electronics segment likely to perform well, even as value-conscious consumers stay highly deal-driven. He added that rising smartphone prices, driven by higher
The Karnataka government has directed authorities to suspend, until further orders, the food licences of e-commerce platforms Amazon, Swiggy Instamart and Bigbasket over the online sale and distribution of Dhatura fruits/seeds, citing public health and food safety concerns. The government also ordered the immediate suspension of the licences/registrations of establishments and sellers supplying products to the three online platforms. It directed all concerned food business operators to remove listings, advertisements, and promotional material relating to Dhatura intended for food or human consumption. Known as 'thorn apple' in English, this plant is called 'Umathai' in Tamil. "In accordance with the provisions of the Food Safety and Standards Act, 2006 and the Rules/Regulations made thereunder, the concerned competent authorities have been directed to take necessary action for the suspension, until further orders, of the food licences issued to the e-commerce platforms, namely Amazo
The commerce ministry on Wednesday notified procedures for online companies to undertake inventory-based cross-border e-commerce. The government recently allowed e-commerce firms, having foreign stakes, to keep inventory only for export purposes. "The operational procedures for the implementation of the inventory-based cross border e-commerce facilitation framework, including registration of exporters-on-record, inventory management, seller visibility, reverse logistics, compliance certification, dispute resolution, and related procedural requirements of exporters-on-record are hereby notified with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a public notice.
The government on Thursday permitted FDI in an inventory-based e-commerce model "exclusively" for export purposes, a move which will help increase India's outbound shipments without impacting the businesses of small retailers. These firms will have to export goods that are manufactured or produced in India. However, FDI in the inventory-based e-commerce model retailing is not permitted. "In order to facilitate greater exports through easier and increased access of global markets by Indian sellers, the extant FDI Policy has been reviewed and it is decided that the restrictions on inventory-based model of e-commerce shall not apply in case of exports of domestically manufactured and/or produced goods/products," the Department for Promotion of Industry and Internal Trade (DPIIT) said in a press note. DPIIT, an arm of the commerce and industry ministry, deals with foreign direct investment (FDI) related issues. It releases policy changes through press notes (PNs). As per the current F