Page 8 - E-commerce Companies

Govt issues 63 show cause notices to makers, importers of weighing machines

The government has issued 63 show cause notices to the manufacturers and importers selling weighing and measuring instruments on e-commerce platforms, seeking details of compliance with legal requirements. It has been observed that some manufacturers and importers of these instruments are selling the person weighing machines and kitchen scales on the e-commerce platforms without complying with the legal provisions, an official statement said on Tuesday. "Centre, through the Department of Legal Metrology has issued 63 show cause notices to the manufacturers/importers of the weighing and measuring instruments for seeking details of compliance," it said. It noted that unauthorised sales on e-commerce sites have not only created deficiency in service to the consumer but have also caused revenue loss to the government. "The notices were issued to manufacturers/ importers/ sellers on e-commerce platforms, seeking details of the approval of model, manufacturing/importer/dealer license and

Nykaa to acquire LBB to sharpen its position as a discovery-led retailer

"The transaction will enable the company to strengthen its content delivery, drive discovery for brands and make shopping experience more engaging for the customers," Nykaa said in a regulatory filing

No immunity for e-tailers over fake products sold online: Parliament panel

E-marketplaces have claimed that since inventory is not controlled by them, they should not be liable for any dispute with sellers

Panel urges plan to help local vendors build ONDC-compatible technical tool

Says no clarity on ONDC network's liability in case a consumer is delivered substandard products; local businesses will also find it hard to compete with e-commerce giants

'Gig hiring picks up ahead of festive season, led by e-commerce firms'

Ahead of the festive season, the demand for contract workers has witnessed a 66 per cent sequential growth during June mainly led by e-commerce companies, according to a report.

Simple-to-use tech platform helps Meesho penetrate India's hinterlands

Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs

Aiming to clock 100 mn users by end of 2023, says Flipkart's Shopsy

Flipkart's social commerce platform has over 250,000 sellers and 150 million products ranging across fashion, beauty, mobiles and home

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Most analysts positive on Nykaa as firm takes rollercoaster ride after IPO

However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730

Amazon's new India chief pulled plug on cricket, not the country

Amazon pulled the plug before the IPL auction started and decided those billions would be better spent on Amazon's e-commerce business

Sea's e-commerce arm Shopee laying off staff across Southeast Asia: Report

The move is reportedly aimed at "rationalising its e-commerce business" as rising inflation and high interest rates have hit the startup ecosystem globally

Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Consumer Affairs Ministry to hold meeting with edtech firms amid complaints

Consumer Affairs Secretary Rohit Kumar Singh said: "We are aware of this. I have called a meeting of edutech companies next week or so".

42% users say e-commerce sites display country of origin: LocalCircle study

It has been almost two years since govt asked online platforms to ensure compliance to display this information

Social e-com firm Meesho eyes $500-mn war chest; funds to be used for M&As

Mandates Morgan Stanley to find lead investor; funds to be used for M&As

Data breach: Business models of payment platforms under RBI scrutiny

Seeks info on lending ops after cases of data breach

With culture at stake in unicorn land, spotlight on founder-VC equation

The BharatPe saga raises questions about the impact of outsized investor shareholding in young enterprises

Facebook-backed Meesho targets early 2023 for IPO: Report

In September, Meesho raised $570 million at a valuation of $4.9 billion in a Series F funding round led by Fidelity Management & Research Company and B Capital Group

Alibaba reports smallest rise in quarterly revenue, misses expectations

The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending

India to soon become 5th largest beauty market: Nykaa chairperson

FSN E-Commerce Ventures Ltd, which runs Nykaa, had posted about 57 per cent decline in consolidated profit after tax to Rs 29 crore in the third quarter