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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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Got defective product from e-retailers? Now, you will not be at their mercy

Got defective product from e-retailers? Now, you will not be at their mercy

Fri, Dec 21, 2018

The bill after being passed in Rajya Sabha will replace the Consumer Protection Act, 1986 and all ecommerce companies will fall under its ambit. Under the new rules, drafted by the consumer affairs department, etailers will have to disclose their business details and seller agreement, besides disclosing how they use consumer data.

Online buying: E-commerce share in India's FMCG retail sales triples in 2 years

Online buying: E-commerce share in India's FMCG retail sales triples in 2 years

Mon, Dec 17, 2018

Interestingly, categories posting the most significant growth in e-commerce channel included packaged grocery (where 40 per cent of respondents said they made a purchase), fresh groceries, and baby and children products.

IIT Kharagpur placement: 1,275 offers land in first phase

IIT Kharagpur placement: 1,275 offers land in first phase

Sat, Dec 15, 2018

Prominent companies which made offers included Google, Apple, Microsoft, Intel, Tata Steel, Flipkart, L&T Construction, Mahindra & Mahindra, TVS Motors, HSBC, JP Morgan, Qualcomm, Barclays, Goldman Sachs, Master Card and Capgemini.

Surprise! Walmart Flipkart stake quietly soars to 81.3%

Surprise! Walmart Flipkart stake quietly soars to 81.3%

Thu, Nov 22, 2018

Walmart said it is in talks to bring new investors into Flipkart, said the report, and cited one person familiar with the matter saying that Flipkart is in discussions with Google, Intel and existing investor Microsoft to raise more capital.

India Post launches e-commerce portal

India Post launches e-commerce portal

Wed, Nov 14, 2018

The products will be shipped through the postal department`s Speed Post service, it said.

Dhanteras 2018: In season of plenty, this is what is killing local sellers sales

Dhanteras 2018: In season of plenty, this is what is killing local sellers sales

Sun, Nov 04, 2018

"Earlier we would get large pre-Diwali orders of 500-700 items like cookers, tiffin sets, but now nobody is looking for such big orders. They only buy one or two items like spoons, steel plates, or bowls," he said. On the other hand, leading e-commerce websites are looking forward to Diwali

Flipkart Internet losses at massive Rs 1,160.6 cr for FY18

Flipkart Internet losses at massive Rs 1,160.6 cr for FY18

Sun, Oct 28, 2018

E-commerce major Flipkart Internet has trimmed its consolidated losses to Rs 1,160.6 crore for the financial year ended March 2018, as per regulatory documents.

How Indians shop online and what they prefer most - free shipping or fast deals

How Indians shop online and what they prefer most - free shipping or fast deals

Thu, Oct 25, 2018

Nearly everyone is shopping online – 94% of consumers globally; unchanged year-over-year. But, the frequency with which consumers shop online is accelerating, said a report by Pitney Bowes.

Walmart submits to I-T dept details of tax deducted from each Flipkart investor

Walmart submits to I-T dept details of tax deducted from each Flipkart investor

Thu, Oct 04, 2018

US retail giant Walmart has submitted to Income Tax authorities its rationale for deducting tax on payments made to some Flipkart shareholders and not to others, a senior official said Wednesday.

E-commerce cos to deduct 1 pc tax collected at source (TCS) under GST from Oct 1

E-commerce cos to deduct 1 pc tax collected at source (TCS) under GST from Oct 1

Fri, Sep 21, 2018

On Thrusday, The Finance Ministry notified TCS at the rate of 0.50 per cent of the net value of intra-state taxable supplies made through the e-commerce portals by other suppliers in the Central Tax law.

E-commerce cos could get 20 mn shoppers, USD 3 bn sales during festive sale: RedSeer

E-commerce cos could get 20 mn shoppers, USD 3 bn sales during festive sale: RedSeer

Sun, Sep 09, 2018

According to RedSeer, the daily gross merchandise value (GMV) during the five-day sale period is expected to be around USD 527 million. GMV refers to the total sales value of merchandise sold through the platform over a certain period of time.

E-commerce in India to hit $100 bn mark from current $35 bn; here is the key

E-commerce in India to hit $100 bn mark from current $35 bn; here is the key

Fri, Sep 07, 2018

The report titled ‘Propelling India towards global leadership in e-commerce’ further states that e-tail and e-travel will continue to hold over 90 per cent share of e-commerce.

India's e-commerce market to surpass USD 100 bn by 2022: Report

India's e-commerce market to surpass USD 100 bn by 2022: Report

Fri, Sep 07, 2018

E-tail and e-travel will continue to hold their sway with over 90 per cent share of e-commerce while online financial services will experience the fastest growth, the report said. It also noted that e-commerce can potentially create one million plus jobs by 2023. "The Indian e-commerce market of USD 35 billion is expected to grow at 25 per cent in the next five years and exceed USD 100 billion by 2022," it said.

Online shoppers, your hard-earned money may be at risk! Avoid doing these

Online shoppers, your hard-earned money may be at risk! Avoid doing these

Wed, Sep 05, 2018

A malware is stealing data including usernames, passwords, credit card information and personal details.

How Google will change e-commerce in India; Diwali deadline in face-off with Amazon, Flipkart

Wed, Sep 05, 2018

Amidst the new game set to begin, a series of interesting trends will roll out both for consumers and the sector alike, predict experts. Firstly, for consumers, the party will continue with raining deals, discounts and cashbacks, says Sidharth Rao, co-founder and CEO of digital agency Dentsu WebChutney. Secondly, the market will further ripen up for acquisitions. The big three, flushed with big money and investor optimism, will aim to buy out smaller players to beef up their e-commerce war chest in India.

Being Human eyes 8-10% of sales from e-commerce in 2-3 yrs

Being Human eyes 8-10% of sales from e-commerce in 2-3 yrs

Thu, Aug 23, 2018

Apparel brand Being Human, which launched its e-commerce operations early this month, is looking at 8-10 per cent of its sales to come from this medium in the next two to three years, a top company executive said.

Capital Float acquires Walnut for $30 mn

Capital Float acquires Walnut for $30 mn

Tue, Aug 21, 2018

"Their approach towards leveraging technology to solve financial concerns of the common individual was particularly impressive... Walnut Prime is a product of deep interest to us, and it will essentially become a new addition to our stable of exceptional, customised credit products," Capital Float founders Sashank Rishyasringa and Gaurav Hinduja said in a statement.

Leasing activity up 45% across metros in Jan-June 2018: Report

Leasing activity up 45% across metros in Jan-June 2018: Report

Tue, Aug 21, 2018

The average size of space take-up increased from approximately 75,000 square feet during first half of 2017 to close to 90,000 square feet during January-June 2018, the report noted

Many complaints over supply of defective, damaged goods by e-commerce firms: Commerce Min

Many complaints over supply of defective, damaged goods by e-commerce firms: Commerce Min

Wed, Jul 18, 2018

The government today said that several complaints have been received regarding supply of defective and damaged goods by online retail companies and in various cases consumers have been advised to file grievances at appropriate forums.

BSE postpones launch of platform for startups

BSE postpones launch of platform for startups

Mon, Jul 09, 2018

Leading stock exchange BSE has postponed the launch of its new platform for listing startups. The platform, scheduled for launch today, was aimed at facilitating the listing of companies in sectors such as IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce.

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