Page 7 - E-commerce Market

AquaExchange raises $3 mn from Endiya Partners, Accion Venture Lab

The company will deploy the capital in strengthening its technology, e-commerce operations & expanding its farm automation footprint to over 100,000 acres of farms by the end of FY23

HC quashes order on taxing Flipkart payment to Walmart for deputed staff

Court says assessing officer's stand on employer-employee relationship based on a wrong premise

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Piyush Goyal asks for ONDC pilot focused on non-digital traders, artisans

ONDC promotes open networks for exchange of goods and services over digital or electronic networks.

Amazon Retail India enters Gujarat, to source directly from farmers

The e-commerce major said the aim is to empower the farmers of Gujarat and offer high-quality fruits and vegetables to its customers

Myntra sells record-breaking 5 million products on day 1 of EORS-16

Myntra, one of India's leading fashion, beauty and lifestyle destinations, on Monday said that the 16th edition of its flagship EORS-16 witnessed over 70% growth in traffic over business as usual

WTO MC12: India to oppose zero Customs duties on electronic transmissions

In 1998, WTO members agreed not to impose customs duties on electronic transmissions and the moratorium has been periodically extended at successive ministerial conferences

India's first semi-high speed freight train likely to run by December

Replicating the concept of Vande Bharat trains, the 16-coach 'Gati Shakti' train can clock 160 kmph and will be manufactured at the Integral Coach Factory (ICF) in Chennai.

WEF 2022: How the metaverse can be a force for good in an uncertain world

The metaverse will make e-commerce experiences more realistic and immersive

L&T plans to exit road, power concessions, incubate digital business

Company aims to touch revenue of Rs 2.7-3 trillion, achieve order inflow of Rs 3.4 trillion and return on equity of over 18 per cent by FY26

How ONDC is set to democratise and transform India's e-commerce landscape

While the pilot is being conducted in five cities - Delhi, Bengaluru, Coimbatore, Bhopal and Shillong - ONDC is on course for a pan-India launch by August that will see it introduced across 100 cities

3M is planning to go big in electronics space in India: Ramesh Ramadurai

'Thanks to the production-linked incentive (PLI) scheme, a lot of the supply chain will be localised to India'

E-retail revolution

ONDC could transform e-commerce in India

India to launch open e-commerce network to take on Amazon, Walmart

The government's so-called ONDC platform will allow buyers and sellers to connect and transact with each other online, no matter what other application they use

Flipkart arm eKart to offer end to end supply chain solutions across India

With its externalisation, eKart will now offer brands, platforms, and businesses end-to-end supply chain management

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Retail industry to grow 10% a year, reach $2 trn by 2032: BCG-RAI report

E-commerce in the country is expected to reach $130 billion by 2026, as compared to $45 billion in 2021, according to the report

From Andaman Islands to Leh, Amazon goes all out to tap India's hinterlands

The e-commerce giant has, over the past few years, built a strong network of partners who play a pivotal role in ensuring on-time deliveries to the most difficult of terrains

Walmart, Flipkart offer Indian manufacturers access to 120 mn US consumers

The roadmap is a part of Walmart's efforts to expand its sourcing from India to $10 billion a year by 2027.

Data-rich local Indian content provides fertile ground for tech companies

From creating local language content ecosystem and interactive platforms on smart TVs to helping people shop via video commerce, Indian content offers huge opportunities for tech and e-commerce firms