Page 8 - Ecommerce

New platforms less compliant on mandatory display of details online: survey

Findings of the LocalCircles study escalated to Dept of Legal Metrology for further review and corrective action

IPO-bound Swiggy announces Dineout offerings for all users across 24 cities

The firm's quick commerce arm, Instamart, is currently operational in over 25 cities, and Genie - its pickup and drop service - is available in 68 cities

No increments for Flipkart's 4,500 senior personnel this cycle

However, 70 per cent, or 10,500 employees, below the level of a manager, will receive an increment this cycle

E-commerce companies offer value products to woo Bharat as demand rises

Value e-commerce offers quality merchandise at affordable prices, mainly under Rs 1,000

Blinkit looking to expand dark store count by 40% over next 12 months

Quick commerce player Blinkit is looking to expand its micro-fulfilment centres or dark stores, targeting up to 40 per cent increase in store count in the next 12 months, according to company CEO Albinder Dhindsa. The company, which was acquired by online food delivery firm Zomato last year, currently has over 400 dark stores that act as warehouses. "We have identified several new high potential neighbourhoods in existing as well as new cities. We should start seeing the net dark store number increase going forward," Dhindsa said in an earnings statement. He further said, "We are seeking opportunities for store openings in high potential areas based on the data our systems generate, the management bandwidth and time to supply creation." Dhindsa, however, said unlike the food delivery business, the growth in quick commerce business is dependent on various factors such as availability of product from the brand, seller ability and supply chain capacity. "Only when we feel confident t

Change in tack: Zomato's side ventures continue to outshine core business

Zomato's quick commerce arm Blinkit saw its gross order value (GOV) increase by 18 per cent QoQ

Digital infrastructure role in e-commerce: India seeks views at WTO

The WTO's 12th ministerial conference in June had decided to reinvigorate the ongoing work programme on e-commerce

I&L sector takes 31.6 mn sq ft on lease in 2022, highest since 2019

Delhi-NCR led the absorption with 7.3 million sq ft, followed by Mumbai and Bengaluro with 6.1 million sq ft and 5.2 million sq ft, respectively

POCO X5 Pro 5G India launch today: How to watch livestream & what to expect

The POCO X5 Pro 5G smartphone will be available for purchase after the launch, in limited quantity as part of early access sale, on the e-commerce platform Flipkart

Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Govt procurement portal GeM catching up with Amazon, Flipkart: Eco Survey

Healthy growth in the procurement of goods and services by central and state governments through GeM portal is helping the platform to catch up with global e-commerce giants like Amazon and Flipkart, the Economic Survey said on Tuesday. The Government e-Market (GeM) portal was launched on August 9, 2016 by the commerce ministry for online purchases of goods and services by all the central government ministries and departments and other agencies including public sector units. Procurement of goods and services from the portal has crossed Rs 1 lakh crore till November 29 this fiscal on account of an increase in buying activities. "The GeM has witnessed tremendous growth in gross merchandise value and is catching up with e-commerce giants like Amazon and Flipkart," the survey said, adding, "GeM attained an annual procurement of Rs 1 lakh crore within fiscal year 2022, representing a 160 per cent growth compared to last FY (fiscal year)". GeM CEO P K Singh had earlier stated that going

Amazon India offers 50% referral fee waiver for e-commerce businesses

Businesses pay Amazon referral fees to for facilitating sales on the online marketplace

POCO X5 Pro 5G set to launch in India on Feb 6: Know expected specs & more

Successor to the POCO X4 Pro 5G, the POCO X5 Pro 5G is expected to be powered by Qualcomm processor

Amazon adds prescription drug discount programme to health care business

Amazon is adding a prescription drug discount programme to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships. Amazon said people will pay USD 5 a month to fill as many prescriptions as they need from a list of about 50 generic medications, which are generally cheaper versions of brand-name drugs. The company said the flat fee could cover a list of medications like the antibiotic amoxicillin and the anti-inflammatory drug naproxen. Sildenafil also made the list. It's used to treat erectile dysfunction under the brand name Viagra and also treats a form of high blood pressure. Amazon sells a range of generic drugs through its pharmacy service. Some already cost as low as USD 1 for a 30-day supply, so the benefit of this new programme will vary by customer. The new programme doesn't use insurance, and people with government-funded Medicaid or Medicare coverage are not eligible. It

Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose

Amazon on Thursday announced that it will shut down its charity donation programme, "AmazonSmile", as it failed to create the impact the company hoped for

Vivo announces Republic Day sale offers on select smartphones: Details here

The sale offers on the Vivo V25 series, Y75 series and Y35 smartphone will be live until January 31

Udaan product shipment jumps six-fold to 1.7 bn in 2022

The Lightspeed Venture and Microsoft-backed unicorn had shipped 260 million products, catering to around 50 million orders in 2021 -- which was hugely impacted by the pandemic

Amazon gets Pune labour commissioner notice after complaint about layoffs

Ecommerce giant recently announced it would lay off 18% of its workforce globally

Flipkart Internet gets $90 million cash infusion from Singapore parent

The cash infusion is expected to help Flipkart in competing with US-based Amazon for leadership in the Indian e-marketplace

Amazon plans to lay off around 1,000 employees in India: Report

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the source said. Another source said Amazon has 1 lakh employees in India and the decision will impact 1 per cent of staff in the country. When contacted, an Amazon India spokesperson did not offer any comment but shared the blog link of Amazon CEO Andy Jassy where he has informed the company's decision to eliminate 18,000 roles across the globe. "Between the reductions, we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organisations," Jassy said. As of