Page 11 - E-commerce Market

Best of BS Opinion: Competition in e-tail, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Competition in e-tail: Fair or unfair?

The e-commerce foreign direct investment policy doesn't sit well with the concept of competition

A case for India, Bangladesh weaving new ties in textile and apparel

India could become a big market for Bangladeshi suppliers if the central government pursues this as a priority but India also has a robust apparel sector of its own, which it cannot neglect

Amazon plans to step up e-payments, financial services in India

Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO

Stick to spirit of law instead of finding loopholes: Goyal to investors

Goyal said that some investors have been trying to circumvent and misuse the provisions of the law, which leads to the government trying to plug the loophole

The right policy cart

E-commerce rules should be stable and equitable

DPIIT to meet trade unions, industry groups on FDI in e-commerce

Officials are likely to meet over a dozen e-commerce companies

Search for the best deal: What India's draft e-commerce policy says

Apart from China, India is one of the few countries that has specific regulations targeted at online sellers

For 49% consumers, e-shopping became preferred mode during Covid: Survey

18 per cent said they "called local retail stores and got home delivery" and 31 per cent "visited the mall, local retailers, markets and shop there."

Aditya Birla Fashion shakes up India's Rs 1.45-trillion ethnic wear market

Aditya Birla Fashion, which has acquired Sabyasachi, Tarun Tahiliani, and Shantanu & Nikhil brands in recent transactions, proposes to take these names to a wider audience

Draft e-commerce policy: Investments by large players may take a hit

Currently, online retailers such as Amazon and Flipkart are the dominant players in this space, capturing around two-thirds of the market share, experts said

E-commerce market is projected to surge 84% to $111 bn by 2024, says FIS

The merchants will be well-positioned to be successful if they put customer experience at the heart of the checkout process.

Eye on e-commerce, ESR plans one 'plug & play' warehouse every quarter

'Plug-and-play' buildings or 'speculative buildings', as ESR calls them, are ready buildings that have facilities like power, water and so on

Adidas pushes online sales and sustainability in five-year plan

Adidas shares were up 3.2% by 1250 GMT, the biggest gain on the German blue-chip index

ShopG to expand to over 300 cities in India by 2025, onboard more partners

Social commerce company ShopG is scaling up its presence to over 300 cities in the country and onboarding more partners as it looks to tap into the multi-billion dollar opportunity in the segment. ShopG was founded in 2019 by Ankur Arora, Abhishek Mishra, Pranay Suwalka and Yogesh Nehra, and is backed by investors including Orios Venture Partners and RPSG Ventures. The company currently has 1,000 "community leaders" (local micro-entrepreneurs). "ShopG plans to acquire a consumer base of 40 million served by 5 lakh community leaders by 2025. The company's vision is to address the unfulfilled aspirations of customers and thereby, build a GMV of Rs 4,000 crore as ShopG expands to 300-plus cities across India," ShopG co-founder Ankur Arora said. The expansion will primarily focus on tier III and IV locations across states of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra and Madhya Pradesh. These include Mandya, Shimoga, Tiruppur, Salem, Tirunelveli, Kollam, Parbhani, ...

Business before Atmanirbhar

Many multinationals were already sourcing items across categories from India for overseas buyers

eBay India partners with Kerala Ayurveda to build authentic product lineup

E-commerce major eBay has partnered with Kerala Ayurveda that will allow the latter to build an exclusive showcase of its authentic Ayurvedic products on the online platform.

Flipkart is positioned to win India's e-commerce future: Walmart's McKenna

Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said

We're well-positioned to grow in India, says Walmart CEO Doug McMillon

McMillon, which is betting big on India through Flipkart, said e-commerce penetration is low in India but growing rapidly

Short video app Chingari enters social commerce, eyes $100 mn revenue

Ties up with Amazon, to bring on board Flipkart, Myntra soon