Page 6 - Ecommerce

India and US extend 2% digital tax pact on e-commerce till June 30

In October 2021, India and the US came to terms to settle differences with respect to the equalisation levy, commonly known as the digital tax

Flipkart sellers facing issue in changing price, firms denies intervention

Some sellers on Flipkart have complained about issues facing problems in changing the price of their products since May 18 after the e-commerce company introduced a new commission rate card. The Walmart group firm, however, denied any role in influencing pricing on the platform and said that it is working with sellers to help them understand the new rate card policy. "Around hundreds of our members are facing issues in changing their product price. In India, no one can sell above maximum retail price (MRP) and sellers can decide on charging belowP. Sellers have complained that they are unable to change the price after Flipkart issued the new rate card on May 18. Not all are facing this issue. Only select sellers are facing this problem," Vinod Kumar, Trustee, Forum for Internet Sellers, Traders and Resellers ( First India) said. He said that Flipkart has reached out to sellers with a promise that the issue will be resolved soon. The FDI norms bar any e-commerce player from interfer

DGFT, Revenue dept working on dedicated hubs to boost e-commerce exports

In a bid to boost India's e-commerce exports, the Directorate General of Foreign Trade (DGFT) is working with the Department of Revenue to establish designated e-commerce hubs across the country to streamline the process for online export shipments. The country's e-commerce exports currently stand at USD 2 billion as compared to China's staggering USD 350 billion, according to industry sources. The government aims at bridging the gap by establishing a supportive e-commerce ecosystem, they said. "A lot of streamlining is required in this regard. We are working with the Department of Revenue to have designated e-commerce hubs so that clearance of goods happens fast," Director General of Foreign Trade Santosh Kumar Sarangi told PTI. He said these hubs will have facilities like dedicated customs and security checks, allowing cleared parcels to proceed through a green channel at airports, eliminating the need for further inspections. This approach mirrors best practices observed in oth

Consumer affairs secretary warns e-commerce sites on dark patterns

The government has been working towards eliminating the usage of dark patterns by e-commerce platforms

China issues draft rules to expand cross-border e-commerce businesses

National ministries and government departments will smooth financing channels and help cross-border e-commerce companies to "go global", the ministry said

Parent company Zomato set to infuse fresh capital of Rs 300 cr in Blinkit

With this latest investment, Zomato has invested a total of Rs 2,300 crore in Blinkit since acquiring the company in August 2022

AliExpress recruits Beckham as ambassador to 'score more' global sales

Earlier this year, AliExpress also signed on as a sponsor of the UEFA Euro 2024 tournament, which starts in June, where it will invest millions of dollars in discounts

Flipkart Grocery records 1.6X y-o-y growth; scales up operations in metros

The e-commerce firm reports notable surge in premium categories such as liquid detergents by 1.8times, dry fruits by 1.5times, and energy drinks by 1.5 times

Ola's next stop: Scaling up fintech, logistics, e-commerce businesses

The company's vision is to serve 1 billion Indians and drive sustainable growth and efficiency in the organisation

From Zerodha to Cars24, 10 unicorns to hop on government-backed ONDC

ONDC in 'serious discussions' with Amazon, Flipkart to join the network

India's internet economy likely to reach $1 trillion by 2030: Experts

Shriram Subramanian said as India becomes a $5 trillion economy, e-commerce will continue to annually grow at about 25 per cent per annum from $60 billion in FY2023

Reliance Retail to bring UK's leading online fashion retailer ASOS to India

Reliance Retail will introduce ASOS's curated portfolio of fashion-led own brand labels to the Indian market through a multi-channel presence for ASOS and a diverse array of retail formats

Flipkart introduces new rate card policy to enhance the seller experience

Through the Simplified Rate Card, Updated Shipping Costs and Economical FBF (fulfilment by Flipkart) rates, sellers will be able to deliver superior value to the customers

Our bolt-on value-accretive M&A strategy will be deployed: HUL CFO

Ritesh Tiwari talks about the company bringing more Unilever brands to India

E-commerce market to hit $325 billion by 2030, rural India to lead growth

Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and a robust, low-cost internet penetration

Nestle India Q4FY24 results: Net profit soars 27% to Rs 934 crore

Company to launch Nespresso in India, announces joint venture with Dr. Reddy's Laboratories

Amazon's secret Project Curiosity used to gather intel on rivals for years

E-commerce giant Amazon used a company called Big River to gather intel on competitors, especially targeting Walmart, which back Flipkart in India

Building materials B2B e-comm segment heats up; JSW One prepares for IPO

JSW One prepares for IPO, Birla Pivot eyes $1 bn revenue in next three years

SoftBank-backed Meesho to roll out ESOP buyback program worth Rs 200 cr

The SoftBank-backed e-commerce firm Meesho is enabling opportunities for wealth creation for 1,700 past as well as present employees

TMS Ep640: SC on Patanjali, Blinkit, Vodafone Idea stock, CBAM

Where does the buck stop after SC rap on Patanjali? Can Blinkit challenge Amazon & Flipkart? Why did Vodafone Idea's fundraise plan fail? What is the Carbon Border Adjustment Mechanism? Answers here