Page 9 - E-commerce Market

ONDC-based e-commerce applications likely in the next two years

A consumer searching for the product can see the location of the seller and may opt to buy from the neighbourhood shop that can deliver faster compared to an e-commerce company.

5% GST on auto-rickshaw services provided through e-commerce platforms

Auto-rickshaw services provided through e-commerce platforms would attract 5 per cent GST from January 1, 2022

Income tax department exempts e-auctioneers from 1% TDS

The department clarified that when these taxes are separately disclosed on invoices, then they have to be deducted before calculating the TDS

Top headlines: Amazon seeks pause on CCI review, India Inc's profit booms

Tighter rules likely for social media firms, may supersede IT laws; Digital tax for US companies to stay until OECD pact comes into force. More on today's top headlines

E-commerce tech firm Unicommerce to spend $5 mn on expanding global ops

Firm says it has become a leader in India where it is processing 20% of e-commerce volumes. Now aims at setting itself up as a preferred choice of e-commerce firms and retail brands

SBI, NPCI, NSE likely promoters of 'open' e-platform for retailers

Network aims to curb digital monopolies

India's competition law enough to deal with digital mkt concern: CCI member

The Indian competition law is broad enough to deal with new-age competition concerns in digital markets, member of Competition Commission of India Sangeeta Verma said on Tuesday

From fashion to food, behind the scenes of India's direct-to-consumer rush

Over 600 brands born on the internet are selling to customers directly in India. It is now called the direct-to-commerce rush. Let us understand how this trend is shaping up in Indian e-commerce

TMS, Ep 39: GST on cryptos, D2C rush, investing in IPOs, and ELSS schemes

How is the tax dept planning to tap cryptocurrencies and NFTs? What are pros and cons of investing in equity-linked savings schemes? How is D2C different from traditional business? All answers here

Super app war: Adani, Tata and Reliance Industries go on acquisition spree

The conglomerates are planning to offer personal loans, travel bookings, and movie tickets to create a consolidated digital platform that will support their existing offline businesses, say bankers

Connected consumers in India likely to spend 42% more than last yr: InMobi

Almost 68% of the respondents plan to shop online this festive season, with 43% of Indians increasing their online shopping budgets this year

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.

Social commerce player DealShare to expand operations in Delhi-NCR

In the first phase, DealShare will provide services to more than 160 pin codes across Delhi, Ghaziabad, Faridabad, Meerut, Noida, and Gurgaon

Udaan names co-founder Vaibhav Gupta as CEO, plans IPO in 18-24 months

The B2B e-commerce platform looks at becoming a publicly listed entity in the next 18-24 months.

Infosys launches Equinox platform to boost clients' e-commerce sales

Infosys launched its 'Equinox' suite of solutions to help enterprises transform their online and in-store functions and deliver personalised omnichannel commerce experiences for B2B and B2C buyers.

Snapdeal expands logistics network, sets up 130 distribution hubs

Value e-commerce marketplace Snapdeal on Thursday said it has opened 130 new distribution hubs this year across the country that will help cater to the growing demand from smaller cities, especially during the festive season. The maximum number of these hubs are located in Maharashtra, Karnataka, Telangana, and Uttar Pradesh, Snapdeal said in a statement. The company has also augmented its logistics network in Jammu and Kashmir and in the North-East, and with the addition of these hubs, Snapdeal now serves over 26,000 pin codes, it added. "The network expansion is serving the growing demand for online shopping from smaller cities such as Baramulla (J&K), Saharanpur (Uttar Pradesh), Khammam (Telangana), Alwar (Rajasthan), Sambalpur (Odisha), Tumkur (Karnataka), Latur (Maharashtra), Dimapur (Nagaland) and is designed to speed up deliveries for customers in these cities and in surrounding areas," it said. The expanded network is also designed to cater to the surge in demand that is ..

Robotics & automation firm Addverb Technologies to further expand globally

This strategic initiative stems from increased demand for robotics and automation solutions in the global market

Govt to take 'balanced' approach on e-commerce rules: Consumer Affairs Sec

To protect the interest of consumers, the government has proposed key amendments to the Consumer Protection (e-commerce) Rules, 2020 which include ban on fraudulent flash sales and misselling

Ahead of festive season, Amazon, Flipkart scale-up facilities across India

The coronavirus pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency

Govt examining public comments on draft Consumer Protection (e-comm) Rules

The consumer affairs ministry is examining stakeholders' views on all provisions of the draft Consumer Protection (e-commerce) Rules, including definition of 'related party', a govt official said