Page 7 - E-commerce Firms

Commerce ministry addressing issues of exports through ecommerce: Official

The commerce ministry is trying to address issues pertaining to the promotion of exports through ecommerce medium, a senior government official has said. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi also said that while the USD 2 trillion export target by 2030 is ambitious as it entails an annual growth of 14.5 per cent (CAGR), it is not impossible. "We trying to address issues on seamless e-commerce for export promotion. We are in touch of the Department of Revenue, RBI, Icegate, and the Department of Post on the issues which entails remission of duties and incentives, ensuring postal bills flows into Icegate, building a regulatory system which addresses return back, etc, he was quoted by TPCI in a release. The DGFT was addressing the TPCI's inaugural edition of India Business and Trade Annual Conclave 2023 here on May 23. The Trade Promotion Council of India (TPCI), government, industry and academic deep dive to explore ways to reach USD 2 trillion in ...

Govt to train artisans, weavers to sell products on e-commerce platforms

The government will launch an outreach programme this year to train artisans, weavers and jewellery manufacturers to help them list their products on e-commerce platforms and tap export opportunities, a top official said on Tuesday. Highlighting the "huge export potential" of the one district one product (ODOP) scheme, ready-made garments, gems and jewellery and over-the-counter products, Director General Foreign Trade Santosh Kumar Sarangi said an outreach programme will be rolled out this year to impart training on how to onboard e-commerce platforms and display and market products. "We are going to launch a huge outreach programme where we will train our artisans, weavers, jewellery manufacturers, to onboard e-commerce platforms and export their products directly from there, without being dependent on anyone else," Sarangi said at an event.

Average salary in e-commerce, tech start-ups at a five-year low: Report

The average salary in the hospitality sector also fell to a five-year low in FY22: TeamLease report

E-commerce logistics industry to cross 10 bn shipments by FY28: Report

D2C brands across channels are expected to grow overall GMV at 35 per cent in next few years, with brand.com accounting for a significant share of this growth

E-commerce companies on ONDC may pay the price for non-compliance

Non-compliance may result in a penalty

Meesho building portfolio to tap next billion users: CXO Utkrishta Kumar

Annual transacting users surged 80% to 140 million; orders up 135% to a record 910 million in CY22

Gentari signs pact with Tata Motors for 5,000 e-commercial vehicles

Clean energy solutions provider Gentari on Monday said it has signed an agreement with Tata Motors for the delivery of 5,000 units of e-commercial vehicles. The memorandum of understanding (MoU) through its affiliate entity is for three years, Gentari said in a statement. "Gentari, through its affiliated entity Amplus Power Supply Private Limited, signed an MoU with Tata Motors, India's largest commercial vehicle manufacturer, in 2022, whereby the latter will deliver 5,000 units of Tata Ace EV, over three years. The MoU includes delivery of 1,000 units in the first year for deployment in cities, such as Delhi, Bengaluru, Hyderabad, Pune and Kolkata," it said. High-quality electric four-wheelers coming into the market opens a whole new segment to electrify in the urban delivery ecosystem, MoEVing CEO Vikash Mishra said. "We are excited to work with Gentari to deploy three- and four-wheeler commercial electric vehicles across India to reduce the carbon footprint of deliveries. With o

After 25 years, Amazon to shut go-to camera reviews website 'DPReview'

DPReview was founded in 1998 in England and was purchased by Amazon in 2007, who relocated the team to Seattle in the US in 2010 to be closer to its headquarters

Delhi Police files chargesheet against Flipkart, Instakart for selling acid

The Delhi Police has mentioned in the chargesheet that the accused also told them that they wanted to buy Nitric Acid, which proves the prosecution (police) story

Amazon to integrate its logistics and SmartCommerce offerings on ONDC

This will be Amazon's first collaboration with ONDC; firm says it will continue to explore scope for stronger integration between the two in the future

Blinkit to deliver boAt headphones and accessories within minutes

Select boAt products such as TWS, Neckbands, Portable Bluetooth Speakers, and Wired Earphones are now available on Blinkit

Grievance redressal of e-comm players not up to mark: Consumer Affairs Secy

The grievance redressal mechanism of many big e-commerce players is not up to the mark as the number of complaints received by the National Consumer Helpline has risen sharply over the last four years, Consumer Affairs Secretary Rohit Kumar Singh said on Thursday. Addressing an event organised by the Public Affairs Forum of India (PAFI), Singh said the number of complaints registered on the National Consumer Helpline (NCH) has gone up to 90,000 in November compared to 40,000 in the same month last year. "Four years back, the number of complaints pertaining to e-commerce transactions was 8 per cent of the total complaints. Last month, it was 48 per cent of the total complaints," he said. "That means that grievance redressal system of many of the big e-commerce companies is not working up to the mark," he added. Singh noted that the power equation between the consumer and seller has suddenly changed. "Consumer is getting weaker and weaker, that's where the role of this ministry becom

Engaging e-commerce firms to push goods made by tribals: Dharmendra Pradhan

The government is taking steps to enhance production and marketing of forest produce of tribal communities and engaging with e-commerce players like Amazon and Flipkart to push their sales, Union Minister Dharmendra Pradhan said on Wednesday. He also said that the tribal community will be the major beneficiary of the emphasis of the National Education Policy on the use of mother tongue or local language as the medium. Briefing media about the steps being taken by the government for the welfare of tribals, the minister said that financial allocations under centrally sponsored schemes have been increased significantly. It was increased to Rs 91,000 crore in 2022-23 from Rs 19,437 crore in 2014-15, he said, adding funds are being pumped to open Eklavya Vidyalaya in the country to strengthen education ecosystem for them. He added that about 10 lakh tribal beneficiaries are connected with Van Dhan Vikas Kendras through 55,000 self-help groups. The objective of these centres is to ensur

ONDC requires massive efforts before it goes public, says DPIIT secy

Says network needs a certain number of people before it is taken to the public; fashion, home & kitchen, electronics, beauty & personal care categoroes likely to go live in next 4-8 weeks

Top Headlines: Fed lifts rates, quick commerce in funding winter, and more

Business Standard brings you the top headlines at this hour

Zepto will stick to brand promise of 10-minute deliveries: CEO Palicha

Quick commerce fastest-growing consumer technology industry in India, he says

Bureau of Indian Standards to engage e-commerce players for self-regulation

India's e-commerce market is estimated at $50 billion in 2022, and is expected to grow to more than 25 per cent per annum to reach $150-170 billion by 2027

WTO: India seeks views on consumer protection in e-commerce sector

Also calls for greater cooperation among enforcement agencies of member countries

Snapdeal defers $152 mn IPO indefinitely citing poor market conditions

Development follows shelving of IPO plans by several notable firms such as Image Marketing (owner of wearable brand Boat), Droom Technology and PharmEasy

Credit card use at PoS higher than at e-com sites in July-Sept: Report

Attributes trend to value-added services such as EMI and BNPL which are allowing consumers to use cards for big-ticket transactions, as opposed to small-ticket earlier