FDI norms for e-commerce should be relaxed
Shopmatic had previously acquired a 50.1% stake in retail management and point of sale solution provider Octopus
Club Factory aims to further enhance its Open Platform Strategy post this new round of funding
The company had earlier raised $12 million from Lightbox, which bring its total fund-raise to date to $24 million
According to the consultancy firm, Flipkart continued to lead the festive sales in GMV terms, with 60-62% standalone gross GMV share during the sale event
War rooms of the two e-commerce giants are buzzing as they prepare for the big battle on Sunday
According to sources, some e-commerce firms have asked the government to extend the date
Regulating new economy requires new thinking
This comes at a time when the government and individual retailers look for options to curb the use of single-use plastic
Flipkart has tied up with SpiceJet to hold a massive 'marketing in the air' campaign
Retailers believe they would be able to boost sales this festive season on the back of better services and differentiated products
From consumer goods to fashion and lifestyle as well as aircraft manufacturers, cause-led advertising rules the day
E-commerce companies keep downturn blues at bay
The company is introducing the Flipkart app in Hindi. The plan is to unveil it in other languages as well such as Kannada, Tamil, Telugu and Bengali in future
The draft further said that e-commerce firms cannot fabricate product and consumer reviews or exaggerate the quality
Reforms like the GST and demonetisation have led to the maximum informal to formal shift across sectors in 2015-18 with e-commerce growing most at 14 per cent
Scale, supposed to be a competitive advantage, is not an unalloyed gift as voices against dominance rise across industries
The clarifications come after the e-commerce companies faced troubles in deducting TCS
The development comes after NAA discovered that Flipkart alone had 7,500 cases of overcharging GST on account of change in rate between placing an order and delivery
TCS at the rate of up to 1% is yet to be implemented as it has been deferred till September this year