Page 4 - Ecommerce

Valentine's week: E-com giants record high demand for roses, chocolates

Chocolate and rose sales on Zomato-owned Blinkit broke all previous records at the start of this year's Valentine's Day week, on February 7, which is celebrated as Rose Day

Overdose epidemic: Ebay to pay $59 million over pill presses sold online

The e-commerce giant eBay will pay $59 million in a settlement with the Justice Department over thousands of pill press machines sold on the the platform. The machines can be used to manufacture counterfeit pills that look just like prescription pills but instead can be laced with substances like fentanyl, a synthetic opioid drug that is largely fuelling the deadliest overdose crisis in US history, according to the Justice Department. The company did not immediately respond to a request for comment. Sellers of pharmaceutical manufacturing equipment are required to verify buyers' identities, keep records, and report to the Drug Enforcement Administration to make sure the machines are traceable and not used illegally. The Justice Department says eBay, which provides a platform for people to make online sales, failed to meet those requirements for thousands of pill presses and pill-filling encapsulating machines, including high-capacity pill presses capable of producing thousands of ..

Flipkart co-founder Binny Bansal exits board, launches new startup OppDoor

Binny Bansal has officially exited the board the Walmart-owned e-commerce firm, which he founded along with Sachin Bansal 16 years ago

Apollo Supply Chain launches e-commerce fulfilment, D2C shipping service

Apollo group's logistics services arm Apollo Supply Chain on Wednesday announced the launch of a new comprehensive e-commerce fulfilment and shipping service for D2C (direct-to-consumers) brands. With strategically located fulfilment centers across cities including Delhi NCR, Kolkata, Guwahati, Bengaluru, Chennai, and Hyderabad, the new service "alfa" is aimed at cutting logistics cost, improve delivery speed, a company statement said. "India's consumer commerce business is witnessing an influx of D2C companies with a potential to become a USD 60-billion sector by 2027," said Akshat Pushp, Chief Business Officer at Apollo Supply Chain. "Through alfa, Apollo Supply Chain aims to be a part of India's D2C success story by ensuring tailored supply chain solutions," he said. The new service, according to him, specialises in e-commerce fulfilment and shipping services, catering to a diverse clientele encompassing D2C brands in early, growth (venture funded), and late stages, as well as .

Amazon utilises water, air, rail for faster delivery of packages in India

Starting with one fulfillment centre in 2013, Amazon has also built a nationwide infrastructure and tied up with organisations like India Post and the Indian Railways

Automation, edge computing to bolster Zepto's tech stack: Kaivalya Vohra

In August this year, Zepto raised $200 million in a series E funding round at a $1.4 billion valuation to become a unicorn, ending an extended dry spell

Leaf out of China's playbook: India may create green channel for e-commerce

Under the plan, e-commerce export zones may be developed near airports where export clearances are quicker

TikTok eyes $17.5 billion shopping business on Amazon's turf: Reports

The 2024 merchandise volume goal for the US version of TikTok Shop - which melds online entertainment with impulse buying - was discussed in internal meetings in recent weeks

Snapdeal's FY23 consolidated loss narrows to Rs 282 cr from Rs 510 cr

Snapdeal's has seen its consolidated loss after tax narrow to Rs 282.2 crore for FY23, from Rs 510 crore in previous year, according to a statutory filing. As per the company's RoC filing, the total income fell to Rs 388.1 crore in FY23, from Rs 563.5 crore in the previous fiscal (FY22). "The focus on profitability and long-term sustainability of the business yielded results with adjusted EBITDA loss reducing to Rs 144 crore in FY2022-23, from Rs 419 crore in FY2021-22," the filing said. The loss reduction measures also led to revenue decreasing to Rs 388 crore in FY2022-23 from Rs 564 crore in FY2021-22, it added. "In the past fiscal year, the company continued its well defined focus on the value segment, coupled with a steadfast commitment to staying on the path towards reaching profitability." the filing said. The company said it has implemented several enhancements to its operations. "These focused on improving selection and delivery experiences, optimising cost and minimisin

Zomato denies reports of an offer to acquire Shiprocket for $2 billion

Earlier, Bloomberg had reported that Zomato had made an offer to acquire Shiprocket

Alibaba names CEO Wu to head its e-commerce business as growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo. Wu is replacing Trudy Dai, a longtime Alibaba executive who was one of the founding employees of the company. Alibaba's chairman Joe Tsai said in an internal letter dated Wednesday that Dai will help set up an asset management company aimed at improving returns on capital and enhance shareholder value. The reshuffle came after PDD Holdings Inc., which operates online shopping platform Pinduoduo and US-focused e-commerce site Temu, surpassed Alibaba in market value in the past month. As of Tuesday, PDD's market capitalization of its US-listed stock was USD 199.41 billion. Alibaba's was USD 191.75 billion. Alibaba founder Jack Ma earlier this month praised PDD for having managed to grow bigger than his Hangzhou-based company, which had for years been China's biggest e-commerce player. Alibaba needs

Amazon sellers worry over misleading AI product reviews impacting sales

Product reviews have been a central part of shopping on Amazon for almost three decades, providing word-of-mouth referrals that boost the confidence of those who otherwise might be hesitant

The new @UTO Motto: Why makers of 2-wheelers, cars are embracing ecommerce

Dealerships remain the primary point of sale, but this is a fast-evolving scenario, catalysed by both Amazon as well as Flipkart introducing the auto category last year

ONDC have to address liability issue to build trust: Consumers Affairs secy

Consumer Affairs Secretary Rohit Kumar Singh on Monday asked the Open Network for Digital Commerce (ONDC) to resolve the issue relating to liability, which is important for consumers to get satisfactory services. He said that the government-promoted ONDC has to work on fixing liability in case a consumer does not get the right product. ONDC is an initiative of the Commerce and Industry Ministry to create a facilitative model to help small retailers take advantage of digital commerce. It is not an application, platform, intermediary or software but a set of specifications designed to foster open, unbundled, and interoperable open networks. "If I order through an app of a bank through Amazon and buy it from a seller located elsewhere and I get the wrong phone, then who is liable? So the issue of liability... "I keep telling (ONDC CEO) Mr T Koshy that you have to address the issue of liability otherwise this thing is not going to work," Singh said at the 'Deloitte Growth with Impact

Wide stakeholder consultations needed to frame national e-comm policy: Govt

E-commerce is an emerging and dynamic sector and wide stakeholder consultations are required for formulation of a national policy on the sector, Parliament was informed on Wednesday. Minister of State for Commerce and Industry Som Parkash said in a written reply to the Lok Sabha that a draft e-commerce policy was placed in public domain on February 23, 2019 for public consultations. "Suggestions have been received from various stakeholders. Since e-commerce is an emerging and dynamic sector, wide stakeholder consultations are required for formulation of National e-Commerce Policy," he said. The minister added that the government has implemented several legislative and policy measures for streamlining and regulating e-commerce industry in the country. Some of these measures are FDI policy; Foreign Exchange Management Act, 1999; Consumer Protection Act, 2019; Competition Act, 2002; and Payment and Settlement Systems Act, 2007. "Provisions of the Competition Act are applicable in res

Alibaba Group's value dips below upstart PDD's in landmark for China

Alibaba slid as much as 1.4 per cent in Hong Kong, putting its market value at about HK$1.46 trillion ($187 billion) and on track to close below US-listed PDD Holdings Inc.'s $188.3 billion

Festive cheers! Ecommerce platforms, online brands sales shine on Diwali

More than 50% of the total festive sales have come through online platforms, against 45% in 2022

At 1.1 bn, Amazon records highest ever visits in Great Indian Festival 2023

Great Indian Festival 2023: The e-commerce giant also said that in the premium segment, it sold 2.5X more smartphones as compared to last year

Amazon's products may soon be delivered in recyclable paper packing

Amazon has designed a new machine that makes recyclable, made-to-fit paper packages for products

E-commerce startup Udaan to trim costs, forge partnerships ahead of IPO

Udaan, which competes with Reliance Industries Ltd. and Walmart Inc.'s Flipkart in helping smaller merchants source their goods, will make an operating profit within 18 months