Page 8 - Online Shopping

Online retail market to grow 2.5x faster than offline till 2030: Deloitte

The overall offline market, however, will continue to be the bigger market, with a total value of $1,605 billion in 2030

44% feel e-shopping better for quality vegetables, 56% vote for offline

Nearly 44 per cent of respondents feel that quality of fresh fruits and vegetables is better on online shopping platforms while 56 per cent think offline is superior, according to a survey. Agritech startup Otipy, which sells fresh fruits and vegetables along with groceries in Delhi-NCR and Mumbai, has conducted an online survey of more than 3,000 people during May to find out the changing shopping behaviours of consumers, the company said in a statement. On affordability, the survey findings revealed that 50 per cent of respondents feel offline is cheaper while the remaining 50 per cent believe that rates are lower on online platforms. Regarding weightage, around 50 per cent feel both online and offline modes are accurate, while nearly 30 per cent feel online is better. Among other findings, 71 per cent of respondents expressed preference for online shopping. Around 36 per cent respondents want instant delivery of fresh fruits and vegetables and the remaining within ...

Amazon to waive off seller fee by 10% to celebrate its 10 years in India

Amazon noted in a blog post that the company's goal from the start was to digitise all businesses in order to offer the largest choice of things while leveraging technology

UP police, Amazon India launch campaign to tackle online shopping scams

Uttar Pradesh police and Amazon are collaborating to explore several joint initiatives which will aim to empower consumers to shop online with greater confidence

Customers in UK fall victim to FB, Insta shopping scams every 7 min: Report

According to the study, clothes, trainers, gaming consoles, and mobile phones were among the most commonly falsely advertised items

Internet retail growth shows signs of maturing shopper base: Report

Redseer report observes a growing habit of online shopping in both urban and rural parts of India among other electronic retail trends

Shopping from Amazon may get costlier as platform hikes seller commission

The move comes as the platform, like other tech companies, seeks to conserve cash and expand revenue channels in the midst of a global slowdown

Small grocery stores are making a comeback despite growing ecommerce demand

Despite the rapid rise of modern trade and ecommerce, FMCG companies said they would continue to focus on direct distribution in both urban and rural areas, primarily targeting local grocers

Paytm to forego 3% commission it charges as buyer app on ONDC: Report

The commission will be removed on orders fulfilled by the sellers where there are no complaints by the customers

ONDC records 500-fold rise in transactions to over 25,000 orders since Jan

ONDC has also expanded its geographic footprint from 85 cities at the start of the year to over 230 now.

E-commerce platforms growing slower than expected as sale drops: Report

According to several industry insiders, the pandemic-related tailwinds that drove significant growth in online shopping are now waning

HC seeks govt stand on PIL to restrict cash transactions on online shopping

Delhi High Court sought Centre and Delhi govt's response on a plea seeking to restrict cash transactions of goods, products and services purchased through online platforms like Amazon and Flipkart

Why is shopping becoming more individualistic across urban India?

Fewer people are going shopping with families and in groups and more people have been making individual purchases in recent times, said an analyst

Social media scatters your brain, makes you buy unnecessary stuff: Study

By understanding how they might be influenced by social media in unconscious ways, consumers can be more thoughtful and deliberate in regulating their use

Consumer gets soap instead of iPhone; Flipkart, retailer to compensate

A Consumer Commission has ordered e-commerce major Flipkart and a retailer to pay Rs 25,000 for deficiency in service and unfair trade practice and causing mental agony and physical harassment to a consumer who was delivered a bar of detergent soap and small keypad phone instead of the iPhone he had ordered. This payment will be apart from the refund of Rs 48,999 that the consumer Harsha S, a student from the district headquarters town of Koppal in Karnataka, had paid for the iPhone. Harsha approached the District Consumer Disputes Redressal Commission, Koppal, against Flipkart Internet Private Limited and Sane Retails complaining that he was sent a small keypad phone and a 'Nirma' soap instead of an Apple iPhone he had ordered online. He alleged in his complaint, which dates back to 2021, that he had paid Rs 48,999 and demanded refund and also compensation for deficiency of service and mental agony he underwent. The complainant said he was shocked after opening the parcel that he

Social media platform Instagram to end live shopping feature on March 16

Users will still be able to set up and run their shops on the platform as the company continues to "invest in shopping experiences for people and businesses across feed, stories, Reels, ads and more

Consumers in India becoming smart shoppers due to rising inflation: Study

Commerce media company Criteo conducted a survey of over 1,400 consumers in India to see how inflation has affected shopping behaviour

Public procurement via GeM portal to cross Rs 2 trillion in FY23: Official

Procurement of goods and services from government portal GeM is expected to cross Rs 2 lakh crore during this fiscal year on account of an increase in buying activities by different ministries and departments, a top official said on Wednesday. The procurement crossed Rs 1.5 lakh crore on February 1. CEO of the Government e-Market (GeM) P K Singh said huge potential is there in states and public sector undertakings to increase the buying from the platform. "After crossing Rs 1.5 lakh crore, we are aspiring for Rs 2 lakh crore for the full fiscal," Singh told reporters here. The portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. He said the portal has over 66,000 government buyer organisations and more than 58 lakh sellers and service providers offering a diverse range of goods and services. He added that through automation and digitisation of processes, GeM has led to higher process efficienci

Best of BS Opinion: Beyond the Yatra, the everywhere retail, and more

Here is the best of Business Standard's opinion pieces for today

The everywhere retail

Spurred by the pandemic, the convergence between offline and online commerce could reach a tipping point in 2023