Page 11 - Ecommerce

India's ONDC forays into the mobility segment; takes on Uber and Ola

Incorporated in December 2021, ONDC said its aims to create a facilitative model that revolutionises digital commerce, giving greater thrust to penetration of retail e-commerce in India

Amazon's accelerator programme to support 50 Indian D2C startups

Amazon Global Selling Propel Startup Accelerator (Propel S3) is a key part of the e-commerce giant's commitment to enabling $20 billion in e-commerce exports from India by 2025

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

Flipkart undertakes management rejig amid resignations, high costs: Report

Ravish Sinha, senior VP at Flipkart, has resigned. He was the VP of engineering before taking up the role of SVP of supply chain

FinMin pushes PSBs to enhance procurement via GeM to Rs 10,000 cr in FY24

GeM Sahay to provide short-term loans to all sellers

Half of Myntra's beauty product orders now come from Tier-2 and 3 cities

The Walmart-owned fashion retailer is scaling up its operations to tap the BPC market, which is expected to grow $38 billion by 2028

New platforms less compliant on mandatory display of details online: survey

Findings of the LocalCircles study escalated to Dept of Legal Metrology for further review and corrective action

IPO-bound Swiggy announces Dineout offerings for all users across 24 cities

The firm's quick commerce arm, Instamart, is currently operational in over 25 cities, and Genie - its pickup and drop service - is available in 68 cities

No increments for Flipkart's 4,500 senior personnel this cycle

However, 70 per cent, or 10,500 employees, below the level of a manager, will receive an increment this cycle

E-commerce companies offer value products to woo Bharat as demand rises

Value e-commerce offers quality merchandise at affordable prices, mainly under Rs 1,000

Blinkit looking to expand dark store count by 40% over next 12 months

Quick commerce player Blinkit is looking to expand its micro-fulfilment centres or dark stores, targeting up to 40 per cent increase in store count in the next 12 months, according to company CEO Albinder Dhindsa. The company, which was acquired by online food delivery firm Zomato last year, currently has over 400 dark stores that act as warehouses. "We have identified several new high potential neighbourhoods in existing as well as new cities. We should start seeing the net dark store number increase going forward," Dhindsa said in an earnings statement. He further said, "We are seeking opportunities for store openings in high potential areas based on the data our systems generate, the management bandwidth and time to supply creation." Dhindsa, however, said unlike the food delivery business, the growth in quick commerce business is dependent on various factors such as availability of product from the brand, seller ability and supply chain capacity. "Only when we feel confident t

Change in tack: Zomato's side ventures continue to outshine core business

Zomato's quick commerce arm Blinkit saw its gross order value (GOV) increase by 18 per cent QoQ

Digital infrastructure role in e-commerce: India seeks views at WTO

The WTO's 12th ministerial conference in June had decided to reinvigorate the ongoing work programme on e-commerce

I&L sector takes 31.6 mn sq ft on lease in 2022, highest since 2019

Delhi-NCR led the absorption with 7.3 million sq ft, followed by Mumbai and Bengaluro with 6.1 million sq ft and 5.2 million sq ft, respectively

POCO X5 Pro 5G India launch today: How to watch livestream & what to expect

The POCO X5 Pro 5G smartphone will be available for purchase after the launch, in limited quantity as part of early access sale, on the e-commerce platform Flipkart

Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Govt procurement portal GeM catching up with Amazon, Flipkart: Eco Survey

Healthy growth in the procurement of goods and services by central and state governments through GeM portal is helping the platform to catch up with global e-commerce giants like Amazon and Flipkart, the Economic Survey said on Tuesday. The Government e-Market (GeM) portal was launched on August 9, 2016 by the commerce ministry for online purchases of goods and services by all the central government ministries and departments and other agencies including public sector units. Procurement of goods and services from the portal has crossed Rs 1 lakh crore till November 29 this fiscal on account of an increase in buying activities. "The GeM has witnessed tremendous growth in gross merchandise value and is catching up with e-commerce giants like Amazon and Flipkart," the survey said, adding, "GeM attained an annual procurement of Rs 1 lakh crore within fiscal year 2022, representing a 160 per cent growth compared to last FY (fiscal year)". GeM CEO P K Singh had earlier stated that going

Amazon India offers 50% referral fee waiver for e-commerce businesses

Businesses pay Amazon referral fees to for facilitating sales on the online marketplace

POCO X5 Pro 5G set to launch in India on Feb 6: Know expected specs & more

Successor to the POCO X4 Pro 5G, the POCO X5 Pro 5G is expected to be powered by Qualcomm processor

Amazon adds prescription drug discount programme to health care business

Amazon is adding a prescription drug discount programme to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships. Amazon said people will pay USD 5 a month to fill as many prescriptions as they need from a list of about 50 generic medications, which are generally cheaper versions of brand-name drugs. The company said the flat fee could cover a list of medications like the antibiotic amoxicillin and the anti-inflammatory drug naproxen. Sildenafil also made the list. It's used to treat erectile dysfunction under the brand name Viagra and also treats a form of high blood pressure. Amazon sells a range of generic drugs through its pharmacy service. Some already cost as low as USD 1 for a 30-day supply, so the benefit of this new programme will vary by customer. The new programme doesn't use insurance, and people with government-funded Medicaid or Medicare coverage are not eligible. It