Page 2 - E-commerce Growth

Printshoppy: A Remarkable Journey of Unprecedented Growth and E-commerce Expansion

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Grasim Industries' rights issue will strengthen balance sheet, fuel growth

Caustic soda prices may have bottomed out and started to improve from lows and should be higher in Q3FY24

iThink Logistics, India Post collaborate to boost e-commerce deliveries

Tech-driven logistics platform iThink Logistics on Thursday announced a strategic collaboration with India Post to boost e-commerce deliveries across remote parts of the country. Under the collaboration, iThink Logistics will leverage the India Posts' extensive reach to enhance e-commerce last-mile delivery capabilities for D2C startups and small and mid-size businesses pan India, the company said. The tie-up has the potential to create economical deliveries, particularly in rural areas with less developed logistics infrastructure, iThink Logistics said. The city-based firm is an end-to-end multiple courier aggregator shipping platform for D2C brands, handling over daily volume of 25,000 shipments per day. It caters to over 26,000 pin codes in India besides a territorial coverage of 180 countries. India Post's experience and wide-ranging network complement the company's technological capabilities as well as efficiency and dependability, among others, it said. This collaboration is

The need to build sovereign AI capabilities

As this columnist had written earlier, AI is a general-purpose technology (GPT) and GPTs tend to dramatically alter the power dynamics in society and business

Saint-Gobian India investing Rs 8,000 crore to meet growth targets

Saint Gobian India, a leading glass maker and a player in housing solutions business, is investing Rs 8,000 crore in 4-5 years to fund capital expenditure and acquisitions to fuel growth, its chief B Santhanam said. The company, which recently acquired stone wool manufacturer Rockwool India and glass wool maker Twiga still has an appetite for inorganic growth here. Saint Gobian India, a subsidiary of the French glassmaker, expects around 10 per cent volume and mix-led growth from the Indian market, where it is witnessing a demand surge. "Saint-Gobain India is performing very well in India in terms of growth, profitability, expansion, sustainability, digital and people talent. All our businesses be it in building and construction or industrial solutions are performing well," Saint Gobian CEO of Asia Pacific and India region and Chairman, Saint-Gobain India, Santhanam told PTI. "We are close to the annualised rate of Rs 13,200 crore... Comparing FY24 to FY23 we will be 8-10 per cent

India's 'mass' consumers to lead $300 bn e-com opportunity by 2030: Redseer

Redseer's report added that approximately 70% of mass consumers have increased their shopping frequency on e-commerce platforms in the last one year

Middle-class Indians earning Rs 2.5-10 lakh to drive e-commerce growth

Middle-class now accounts for 31% of the Indian population and is expected to increase to 38% by 2031 and 60% by 2047

E-commerce sector to grow 1000%, emissions 8mn tonnes by 2030: Report

This heightened activity will contribute to a total emission of 16 crore tons of CO2 in the next 8 years, or equal to 400 gas-fired power plants

India team showed resilience, agility during pandemic: Pitney Bowes CEO

By: Saumya Mishra

Quick Commerce sees 144% growth in mobile users in 2022, says report

Fantasy and Sports apps witnessed consistent growth, with IPL, Asia Cup, and ICC T20 Cricket World Cup contributing the most to the trend

E-commerce losses due to online fraud to exceed $48 billion globally

Triggered by the growing use of digital wallets, the total cost of e-commerce fraud to merchants is likely to exceed $48 billion globally in 2023

ONDC to soon open up for beta-testing for public in limited areas

Since April-end, ONDC has been testing with a closed user group for end-to-end execution.

UP tops list as e-commerce complaints record 300% spike in last 5 years

Consumer complaints related to the e-commerce sector have recorded a spike in the last few years as the total number of complaints witnessed a significant rise of over 300% during the last 5 years

Changing customer behaviour helps establish new age e-commerce models

New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come

E-comm retail logistics market projected at $6.3 bn by FY26: Report

The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.

Australian online shopping continues surge in record financial year

The report released by Australia Post showed that in the financial year ending on June 30, 2022, a record 9.3 million households had shopped online

Dealshare raises $45 mn from ADIA in Series E round at $1.7 bn valuation

Aims for $3 billion of gross revenue run rate and operational profitability in next 12 months

Indian digital-first brands have $250 bn opportunity by 2030: Report

The findings suggest that consumers opt for these new-age brands for their quality (and not only price) with significantly high repurchase willingness

How Flipkart is collaborating with academia to solve problems for Bharat

Flipkart is deepening ties in social commerce, machine translation, search and natural language processing with top institutes in the country as it aims to tap next 200 million users.

Amazon spends $1.2 bn in legal expenses during 2018-20 for India presence

US e-commerce giant Amazon spent a staggering Rs 8,546 crore or USD 1.2 billion in legal expenses for maintaining a presence in the country during 2018-20, sources said.