e-commerce

  1. Nykaa Q4 net profit jumps four times to Rs 9 crore

    Nykaa Q4 net profit jumps four times to Rs 9 crore

    New Delhi, Beauty and fashion e-commerce firm FSN E-commerce Ventures, owner of O Nykaa brand, on Wednesday said it has reported nearly four times growth in net profit at Rs 9 crore for the March 2024 quarter with a consolidated net profit of Rs 9 crore.The company had reported a net profit of...
  2. Flipkart IRIS will provide brands with information about customer behavior

    Flipkart IRIS will provide brands with information about customer behavior

    New Delhi, E-commerce company Flipkart on Monday launched Flipkart IRIS, a platform designed to provide brands with insights about customer behaviour.IRIS will provide brands with detailed reports and actionable insights about their business performance on Flipkart, helping them understand...
  3. GST officials working on registration mechanism for 'shared warehouse' for e-commerce suppliers

    GST officials working on registration mechanism for 'shared warehouse' for e-commerce suppliers

    New Delhi: GST authorities are working on a mechanism to deal with tax rationing and registration issues related to shared warehouses created by e-commerce companies, where multiple suppliers store their goods for final delivery, an official said. Are.The issue of taxation for warehouses has...
  4. ONDC is gaining momentum; Till now 5 lakh vendors have joined: DPIIT Secretary

    ONDC is gaining momentum; Till now 5 lakh vendors have joined: DPIIT Secretary

    New Delhi: Government-backed initiative ONDC (Open Network for Digital Commerce) has started gaining popularity in the e-commerce sector and so far five lakh sellers have joined the platform, a senior official said on Friday.Rajesh Kumar Singh, Secretary, Department for Promotion of Industry...
  5. Online gaming firm WinZO joins ONDC

    Online gaming firm WinZO joins ONDC

    New Delhi, Online gaming firm WinZO on Friday said it has joined government-backed e-commerce platform Open Network for Digital Commerce (ONDC).This development will enable ONDC to list its services on the WinZO Store which will become accessible to 17.5 crore WinZO users.T Kosi, CEO, ONDC...
  6. Center takes up issue with e-com giants over rise in fake reviews online,
Issues draft quality control order

    Center takes up issue with e-com giants over rise in fake reviews online, Issues draft quality control order

    Consumer complaints related to e-commerce platforms on the National Consumer Helpline (NCH) increased from 95,270 (22 per cent of total complaints) in 2018 to 4,44,034 (43 per cent of total complaints) in 2023."The presence of fake reviews online jeopardizes the credibility of shopping...
  7. E-commerce companies support government proposal to make anti-counterfeit review rules mandatory

    E-commerce companies support government proposal to make anti-counterfeit review rules mandatory

    New Delhi: India's leading e-commerce companies have supported the government's proposal to make mandatory compliance with quality norms for consumer reviews, the Department of Consumer Affairs said on Wednesday.According to the department, at a meeting held here, representatives of Amazon...
  8. E-commerce companies focus on transparency, good shopping experience to boost consumer trust: Experts

    E-commerce companies focus on transparency, good shopping experience to boost consumer trust: Experts

    NEW DELHI: The success of India's thriving e-commerce sector is driven by consumer trust, experts said on Wednesday, stressing the importance of transparency, data security and a good shopping experience in fostering this trust.The year 2023 proved to be a turning point for India's e-commerce...
  9. Amazon has invested Rs 1,600 crore in its Indian branch as the e-commerce battle intensifies.

    Amazon has invested Rs 1,600 crore in its Indian branch as the e-commerce battle intensifies.

    The investment comes as India's e-commerce growth is expected to reach $200-23 billion by 2030, a sustained growth of 20-22 per cent.According to Amazon's filing in the US, “The Board has been permitted to allot up to 1,66,00,00,000 (One Hundred Sixty-Six Crores) equity shares of Re 1 each...
  10. Ikea partners with Rhenus to set up warehouse in Gurugram for online order delivery in Delhi-NCR

    Ikea partners with Rhenus to set up warehouse in Gurugram for online order delivery in Delhi-NCR

    New Delhi, Swedish furniture retailer IKEA on Tuesday said it has partnered with global logistics company Rhenus to support its e-commerce expansion and deliveries to customers in Delhi-NCR.Ikea said in a statement that the company has signed an MoU with Rainus to "enhance the home delivery...
  11. Government plans to make anti-counterfeit review rules mandatory for e-commerce companies

    Government plans to make anti-counterfeit review rules mandatory for e-commerce companies

    New Delhi: The government is considering making it mandatory for e-commerce companies to follow quality norms for consumer reviews after voluntary efforts failed to effectively curb fake reviews, a top official said on Monday.The government had issued new quality norms for e-tailers a year...
  12. Flipkart revises rate card structures for sellers

    Flipkart revises rate card structures for sellers

    New Delhi, E-commerce platform Flipkart on Friday said it has simplified its rate card structure for sellers on the platform.The revised rate card policy, effective from May 18, 2024, includes a simplified rate card structure, affordable FBF (Fulfillment by Flipkart) rates and an updated...
  13. GIBNU DIGITAL SOLUTIONS PVT. Ltd: Promoting Local Commerce with Digital Shop in India

    GIBNU DIGITAL SOLUTIONS PVT. Ltd: Promoting Local Commerce with Digital Shop in India

    VMP Bhubaneswar (Odisha) [India], May 10: Founded by Mr. Radhakrishna Sahu, GIBN Digital Solutions Pvt. Ltd. offers a transformative approach to e-commerce through its innovative platform. Hailing from humble beginnings in Bargarh Odisha, Mr. Radhakrishna has developed GIBNU to support diverse...
  14. Jagran New Media ties up with ONDC Network to launch Khojale.com

    Jagran New Media ties up with ONDC Network to launch Khojale.com

    New Delhi, Jagran New Media, the digital arm of Jagran Prakashan Limited, has tied up with ONDC Network to launch Khojale.com, a one-stop marketplace that integrates reading and shopping into a single platform.An official statement said that the website aims to create an all-in-one marketplace...
  15. Consumer Affairs Ministry to meet e-commerce companies on May 15 to curb fake online reviews

    Consumer Affairs Ministry to meet e-commerce companies on May 15 to curb fake online reviews

    New Delhi: According to a notice issued by the Consumer Affairs Ministry, the government has called a meeting of e-commerce players publishing online reviews for consultation on quality control order to check fake reviews.The Ministry of Consumer Affairs has also released a draft of the Online...
  16. Fship ties up with India Post for last mile delivery of e-commerce products

    Fship ties up with India Post for last mile delivery of e-commerce products

    Mumbai, Logistics platform Fship on Thursday said it has partnered with Indi Post to enhance last-mile delivery of e-commerce products across the country.The company said the collaboration will benefit direct-to-consumer (D2C) startups as well as small and medium businesses across India by...
  17. Developing e-com hub to promote exports may be included in the 100-day agenda of the new government: Officials

    Developing e-com hub to promote exports may be included in the 100-day agenda of the new government: Officials

    New Delhi: The issue of developing e-commerce hubs in the country to further boost India's exports through online medium is expected to be included in the commerce ministry's 100-day agenda roadmap of the new government, an official said.DGFT, an arm of the Commerce Ministry, is already...
  18. India emerges as global e-commerce powerhouse: Digital economy projected to cross US$800 billion by 2030

    India emerges as global e-commerce powerhouse: Digital economy projected to cross US$800 billion by 2030

    New Delhi [India], The e-commerce market in India is expected to reach US$325 billion by the same year, with the digital economy reaching US$800 billion. According to Invest India, India ranks second, with 881 million users. The Internet user-base is large globally, and is set to become the...
  19. Foreign e-commerce companies are bypassing rules to capture Indian market: CAIT

    Foreign e-commerce companies are bypassing rules to capture Indian market: CAIT

    Reacting to a TV media report that the Competition Commission of India (CCI) has found alleged irregularities in its investigation against e-commerce companies like Amazon and Flipkart and their relationship with mobile manufacturers, Khandelwal told IANS that e- This is "collusion" between...
  20. Commerce minister working on infrastructure requirement to achieve $1 trillion goods export target by 2030: Officials

    Commerce minister working on infrastructure requirement to achieve $1 trillion goods export target by 2030: Officials

    New Delhi: The commerce ministry has launched an exercise to identify essential infrastructure needs, potential sectors and clusters that will help the country achieve its merchandise export target of USD 1 trillion by 2030, a senior government official said. said on Thursday.Additional...
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