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Government bans "dark patterns" on e-commerce platforms; notifies guidelines

Government bans "dark patterns" on e-commerce platforms; notifies guidelines

Sat, Dec 02, 2023

In order to protect consumers' interest, the government has banned use of "dark patterns" on e-commerce platforms which intend to deceive customers or manipulate their choices.

Over 80% Indian retailers do not see e-commerce as a threat: Report

Over 80% Indian retailers do not see e-commerce as a threat: Report

Thu, Nov 02, 2023

MSME-focused digital lender in India NowGrowth surveyed around 3,000 Indian retailers and shoppers across more than 25 top cities in India, wherein it was found that at-home delivery remains a top priority for shoppers, with 60 per cent of offline retailers receiving customer requests to start home delivery services.

E-commerce firm Meolaa gets $2 million seed funding

E-commerce firm Meolaa gets $2 million seed funding

Tue, Oct 10, 2023

The company raised its pre-seed funding round of $165K in March 2022. This round of funding helped to kickstart Meolaa's growth and support its mission to create a community of conscious consumers and purpose-driven brands.

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How Paytm aims to capture millions of brick and mortar store customers

How Paytm aims to capture millions of brick and mortar store customers

Mon, Apr 10, 2017

Paytm is now tapping offline customer base at brick and mortar stores with its online to offline (O2O) model, a report by Times of India said on Monday.

Jeff Bezos to sell $1 billion Amazon stock a year to fund rocket venture

Jeff Bezos to sell $1 billion Amazon stock a year to fund rocket venture

Thu, Apr 06, 2017

Amazon.com founder Jeff Bezos said on Wednesday he is selling about $1 billion worth of the internet retailer`s stock annually to fund his Blue Origin rocket company, which aims to launch paying passengers on 11-minute space rides starting next year.

SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports

SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports

Wed, Apr 05, 2017

Such a move would allow SoftBank, which owns more than a 30 percent stake in Snapdeal, to consolidate its ownership position and put it in the driver`s seat to negotiate any deal.

Under pressure, Snapdeal woos staff with promises of profit

Under pressure, Snapdeal woos staff with promises of profit

Tue, Apr 04, 2017

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

Will e-commerce companies' brick and mortar bet pay off?

Will e-commerce companies' brick and mortar bet pay off?

Fri, Mar 24, 2017

E-commerce companies are now looking to go offline with GST coming in soon to get the price advantage.

Amazon wins $1.5 billion tax dispute over IRS

Amazon wins $1.5 billion tax dispute over IRS

Fri, Mar 24, 2017

The world`s largest online retailer has said the case involved transactions in 2005 and 2006, and could boost its federal tax bill by $1.5 billion plus interest. It also said a loss could add "significant" tax liabilities in later years.

Amazon to invest over $500 million in e-retail food in India, says Minister of food processing

Amazon to invest over $500 million in e-retail food in India, says Minister of food processing

Thu, Mar 23, 2017

E-commerce giant, Amazon will finally enter the online retail segment in India, Harsimrat Kaur Badal, Minister of food processing, said in New Delhi on Thursday.

Amazon to buy Middle Eastern online retailer Souq.com - sources

Amazon to buy Middle Eastern online retailer Souq.com - sources

Thu, Mar 23, 2017

For Amazon, Souq.com offers expertise and a foothold in a region where e-commerce is expanding quickly thanks to a young and tech-savvy population. Kuwait, Saudi Arabia and the United Arab Emirates are among the top markets worldwide for mobile phone penetration.

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

Wed, Mar 22, 2017

Softbank is expected to inject up to $50 million in bridge financing until a deal is finalised.

Paytm to give insurance upto Rs 20,000 on e-wallet

Paytm to give insurance upto Rs 20,000 on e-wallet

Tue, Mar 21, 2017

As per the report, Paytm will refund money, as claimed by the user if the amount is unlawfully debited from the account or in case of loss of device.

Flipkart raises $1 billion, tries hard to sustain its over-valuation

Flipkart raises $1 billion, tries hard to sustain its over-valuation

Tue, Mar 21, 2017

Recently, Morgan Stanley Institutional Fund Trust – a mutual fund arm of Morgan Stanley revised value of its each share in Flipkart at $50.51 per share as of December 2016, down 3.10% from $52.13 per share of September 2016.

E-commerce companies to pay up to 1% TCS under GST

E-commerce companies to pay up to 1% TCS under GST

Sun, Mar 19, 2017

Industry has been expressing concern over the TCS provisions saying it would mean a lock-in of capital and also dissuades companies from selling through online aggregators.

Amazon enthusiastic over easing FDI norms; wants to invest in food supply

Amazon enthusiastic over easing FDI norms; wants to invest in food supply

Fri, Mar 17, 2017

E-commerce giant, Amazon India on Friday said that they were looking to partner with the government to increase food supply chain in the country.

Sellers welcome Snapdeal's steps to fix all outstanding issues

Sellers welcome Snapdeal's steps to fix all outstanding issues

Wed, Mar 15, 2017

Its plans to reduce the payment cycle to sellers by 40% from 5 days to 3 days has gone well with many sellers and they seem to have buried the hatchet.

Airline to retail: SpiceJet to foray into food, apparel sector

Airline to retail: SpiceJet to foray into food, apparel sector

Tue, Mar 14, 2017

Budget airline, SpiceJet may soon enter the retail sector, a report by CNBC-TV 18 said on Tuesday. Media reports quoted sources that said the company was on the final stages of preparation of entering the ‘retail business.’

Snapdeal eyes over Rs 100 cr revenue from ad platform

Snapdeal eyes over Rs 100 cr revenue from ad platform

Tue, Mar 14, 2017

"As more and more sellers come on the platform, ad revenue will be a growing contributor to Snapdeal's profitability goal," it said.

ShopClues' co-founder files defamation case against wife, Sethi

ShopClues' co-founder files defamation case against wife, Sethi

Tue, Mar 14, 2017

Sandeep handed over the reins of the company to his wife as he was allegedly involved in an insider trading case in the US in 2013.

Flipkart in talks to raise about $800 million

Flipkart in talks to raise about $800 million

Thu, Mar 09, 2017

E-commerce major Flipkart is in advanced stage of discussions to raise about $ 800 million to further strengthen its operations in a bid to take head on the competition from American rival Amazon.

Paytm begins charging 2% for adding money to wallet but here's how you can get that money back

Paytm begins charging 2% for adding money to wallet but here's how you can get that money back

Thu, Mar 09, 2017

India's leading e-wallet company brand Paytm on March 8 said that it will begin charging customers 2% fee if they transfer money to their Paytm wallets using credit cards.

Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Tue, Mar 07, 2017

Reliance Capital has sold its nearly 1 % stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.

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