Page 12 - E-commerce Companies

E-commerce recovered, witnessed 17% growth post-Covid-19, says report

After e-commerce resumed operations post Covid-19, the return rate has seen a dip of about 10-30 per cent depending on the category.

Changing times: Social puts the zing into e-commerce in tier-2, 3 cities

Investors pouring big bucks into social commerce to tap India's large lower income group market

Amazon beats Covid-19 pandemic woes, clocks $345-million profit

Says focus on digitising Indian small businesses

Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis

The United States' largest employer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.

Indian e-com to grow 27% annually; RIL to dominate online grocery: Goldman

Online penetration of retail is expected to reach 10.7 per cent by 2024, versus 4.7 per cent in 2019

Adevinta wins auction to buy eBay's classified ads unit for $9 billion

The acquisition comes as the coronavirus crisis boosts demand for online marketplaces, with consumers turning to online shopping due to prolonged lockdowns and social distancing measures

Equalisation levy of 2% on e-comm firms non-discriminatory: India tells US

India said the ongoing multilateral consultations under the aegis of the G-20-OECD due in this regard have not arrived at any consensus even after many years of discussions

Display of country of origin on products sold online: HC seeks govt's stand

A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and e-commerce platforms Amazon, Flipkart and Snapdeal seeking their stand on the plea by July 22.

Online marketplace LimeRoad's user data leaked, firm denies allegations

LimeRoad was co-founded in 2012 by Suchi Mukherjee, Manish Saksena and Ankush Mehra as a fashion marketplace for women.

Draft e-commerce policy soon, to be stricter on data norms and discount

Pricing - a prime complaint of domestic retailers - is set to be the focus, with the government considering an annual review of discounts given by e-marketplaces.

US to probe India's digital tax; it's non-discriminatory, says New Delhi

New Delhi will strongly oppose the move arguing that that its digital tax measures fall within its sovereign rights and are in no way designed to discriminate against US companies.

E-commerce firms may get to sell secondary essentials in red zones: Reports

Consumers in red zones say they want to buy gadgets, home supplies and office and school supplies post upcoming lockdown relaxations.

Amazon: How numbers lie at the centre of Jeff Bezos' management ethos

In 1994, Bezos had just discovered that web activity had increased by a factor of roughly 2,300% in the past year. Later, he quit the lucrative Wall Street job and began his own business.

Udaan lays off several contractual staff, offers one-month compensation

However, no decision has been taken on laying off permanent employees

Covid-19 impact: Govt backtracks on non-essential items' sale by e-tailers

The norms earlier allowed them to operate without any restriction on their working hours from April 20, provided they ensured strict social distancing.

No supply of non-essentials by e-tailers in lockdown: Govt reverses stand

The govt had previously permitted e-commerce companies to also supply non-essential goods during the lockdown period till May 3

Coronavirus makes Amazon do the unthinkable: Nudging customers to buy less

Amazon is suppressing extraneous consumption in various ways, according to a report in the Wall Street Journal.

Lockdown 2.0: E-tailers can sell non-essentials on state nod from April 20

The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.

Coronavirus lockdown: Shadow looms over summer sales of Amazon, Flipkart

While Amazon India is learnt to have deferred its summer sale until further notice, sources said Flipkart doesn't have clarity on the sale event yet.

E-commerce firms ask govt to provide curfew passes valid for 6 months

As many delivery personnel have gone back to their hometowns, e-commerce firms are struggling to get enough of inter-district curfew passes