Page 5 - E Commerce

Embedded finance is making click buys easier

With product and financial sellers on the same page, the consumer finds it easy to just click through and buy

E-comm platforms can't allow third-parties to latch on to other sellers: HC

The Delhi HC has said that an e-commerce platform permitting a third-party seller to latch on to the name or mark and product listings of another seller on its platform is nothing but riding piggyback

CCPA imposes fine on Amazon for selling sub-standard pressure cookers

After examination of the response submitted by the company, it was observed that a total 2,265 pressure cookers not conforming to mandatory standards were sold through Amazon

New Amazon shopping cart lets users scan & pay to skip checkout lines

The Dash Cart screen will now display images of fresh items nearby, like produce, for shoppers to choose from, or shoppers can type in the item name instead of a four-digit PLU code

Reliance Retail partners with Gap Inc. to bring Gap to India

Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms

58% e-commerce consumers say their negative ratings not published: Survey

Almost 65% find product ratings to be positively biased, according to LocalCircles

Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study

Many D2C brands have crossed Rs 100 cr in revenue 3-5 years after launch; several orders from tier-2 cities and smaller towns; study projects 1.3 bn smartphone users, 500 mn online shoppers by FY30

ONDC a fascinating idea; excited about prospects: Amazon India senior exec

'Amazon is looking forward to innovations, which will lift all boats in the ecosystem and bring more buyers and sellers online, as it focuses on serving the next 500 million customers'

ITC records 3 times growth in e-commerce sales compared to pre-Covid levels

ITC collaborated with leading e-commerce platforms on all aspects of operations, including category development, marketing, and supply chain and customer acquisition

Need to protect consumers from consolidation of internet-economy: Govt

The government said consumer complaints related to online transactions are rising and pointed out that of the total complaints registered last month on NCH, 38-40% pertained to e-commerce trade

Meesho eyes 1.2 bn shipments by next year using third-party logistics

SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players

Expect over 1 mn new shoppers in flagship sale this year: Myntra CEO

Myntra is poised to expect over 1 million new customers, with over 40 per cent of the overall traffic coming from tier 2/3 cities and towns

Flipkart starts initiative for academic, extracurricular needs of students

Students form a growing base of customers for the e-commerce giant, constituting close to 32% of all e-commerce shopping

Flipkart Pay Later doubles its user base to over 6 mn in just 7 months

Flipkart Pay Later now provides customers credit up to Rs 1 lakh, depending on the customer's credit profile

Amazon doubles cumulative export target from India to USD 20 bn by 2025

In January 2020, the company had set a target to facilitate export worth USD 10 billion by 2025

Top Headlines: India airspace coordination, blockbuster M&As, and more

Business Standard brings you the top headlines at this hour

Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario

India's antitrust body has reportedly launched raids against the two top domestic sellers of Amazon over accusations of having violated competition laws

Gupshup acquires Bengaluru-based conversational AI provider AskSid

The acquisition strengthens Gupshup's AI-powered conversational solutions for e-commerce, retail and consumer goods industries

E-commerce platform ONDC gets fund infusion of Rs 157.5 cr, more to follow

DPIIT e-commerce brainchild expects to raise Rs 42.5 cr more

Agritech startup Otipy raises $32 million from investors to expand business

Agri-tech startup Otipy, which mainly sells fresh vegetables and fruits through its mobile app, has raised $32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business