Gujarat-based Nipponply Industries on Friday said it will invest Rs 250 crore over the next three years to ramp up production for exports, develop e-commerce infrastructure, and establish warehousing and design centres. At present, the company is investing Rs 65 crore in panel and furniture manufacturing expansion. "Our future roadmap includes a Rs 250 crore investment over the next three years for export-compliant production, e-commerce infrastructure, warehousing and design centres, and strengthening global partnerships," Nipponply Industries Managing Director Ketan Thakkar said. He said that the furniture sector holds huge potential in both India and other countries, including Europe. The key trends that are shaping the furniture industry in the country include a shift from local carpentry to modular, branded solutions; and growing adoption of wood-veneered plywood over MDF (medium density fibreboard), Thakkar said. "India is already a champion sector in the furniture sector, a
Amazon expands its 10-minute delivery service to Delhi, stepping up its quick commerce push with ₹2,000 crore investment
With a Rs 2,000 crore investment, Amazon targets smaller cities, expanding its fulfillment and delivery network to fuel growth, as it prepares for its first three-day Prime Day sale from July 12-14
Walmart-owned Myntra launches Glamstream, a video-led platform featuring 100+ celebrities, aiming to double creator-led revenue within two years and tap into India's $300bn influencer-driven economy
FSN E-Commerce Ventures expects strong margin gains and repeat business to help Nykaa Fashion achieve profitability, while brand GMV target for FY30 is set at Rs 6,000 crore
DoCA directs e-commerce platforms to conduct annual dark pattern audits and file reports, as govt plans stricter oversight and collaborative enforcement
With ₹3,000 crore under management, Fireside Ventures sees emerging consumer cohorts and tech-driven wellness as key to India's evolving consumer brand landscape
Flipkart Travel, Cleartrip suspend all flight, hotel and holiday package bookings to Turkey and Azerbaijan
Bangalore, followed by Delhi and Mumbai, records the highest summer shopping activity
CCPA flags sale of walkie-talkies on digital platforms without frequency, licensing, or ETA compliance, calling it a violation of the Consumer Protection Act, 2019
Last month, Swiggy Instamart launched in Raipur, Siliguri, Jodhpur, and Thanjavur, providing access to over 30,000 products, from groceries and daily essentials to electronics and fashion
Initially, customers will be able to order the footwear across major cities, including Mumbai, Bengaluru, Delhi, and Gurugram
The market size of India's e-commerce sector is estimated to jump more than four-fold to USD 550 billion by 2035, according to a report by Anarock and ETRetail. In 2024, the market size of the e-commerce stood at USD 125 billion, the report said. Real estate consultant Anarock and ETRetail released their joint report at 'The Economic Times Great India Retail Summit 2025' in Mumbai on Thursday. "Indian e-commerce is expected to touch USD 550 billion by 2035, growing at a CAGR (compounded annual growth rate) of 15 per cent. In 2024, the value of this vibrant and disruptive retail segment was estimated at USD 125 billion. It is likely to touch USD 345 billion by 2030-end," the consultant said in a statement. Increasing internet penetration, smartphone adoption, digital payment infrastructure, and a young, tech-savvy population are driving this growth, Anarock said. Government initiatives like 'Digital India' and rapid improvements in the country's logistics and supply chain networks
The GOVs of all the quick commerce players have been growing strongly. In case of Zomato and Swiggy, the GOV growth has been faster than their food delivery business
The new quick delivery proposition, JIFFY, will be a key growth driver for the business in the coming quarters, said Spencer's chairman, Shashwat Goenka
Items like casual wear and western apparel emerged as the most sought-after products in 2024, followed by beauty, wellness, and personal care segment that constituted 20 per cent of the total orders
The quick commerce industry hired about 40,000 workers last quarter to handle increased festive shopping and e-commerce demand
Starting today, Blinkit launched its first five ambulances in Gurugram, marking the beginning of its efforts to enhance emergency medical access
In 2024, India's Tier-II and -III towns and the hinterland emerged as key growth drivers for e-commerce companies and direct-to-consumer brands, with strong demand for their products and services
Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. It is unclear if Temu, a unit of Chinese e-commerce giant Pinduoduo, will be allowed to resume its business once it registers. The suspension comes after the ministry had raised concerns about the authenticity of Temu's extremely cheap products and their impact on Vietnamese manufacturers. Temu said Thursday it was working with the Vietnam E-commerce and Digital Economy Agency and the Ministry of Industry and Trade to register its e-commerce services and had submitted required documents. Temu began selling goods in Vietnam in October with aggressive discounts and free shipping. The government had warned the company that its app and website would be blocked if it did not register before an end-of-November deadline, official Vietnam News Agency cited the Ministry of Industry and Trade as saying. On Thursday, Vietnamese ...