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E-retail
Walmart management says early timing of Big Billion Sale, from Q4 last year to Q3 this year, benefited the company
TCS said moonlighting is an "ethical issue" and against its core values but has not taken any action against any staff
India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022
In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021
The pandemic was a watershed moment for India's e-retail market, driving a 12-month acceleration in e-retail penetration, which was at 4.6 per cent by end of FY21
Bharat Craft portal planned by the MSME ministry to help small biz, rural and tribal communities still not ready
Traders' body CAIT on Sunday demanded a high-level enquiry by the Centre to probe the "unholy nexus" of e-commerce firms, companies owning brands and banks for causing price distortion in the country's e-commerce market. Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) also urged Prime Minister Narendra Modi to constitute a Group of Ministers (GoM) to look into the alleged distortions, both in the e-commerce and brick & mortar format of retail. Union Minister Piyush Goyal had earlier this week said that the government was looking into alleged predatory pricing by Walmart-owned Flipkart and Amazon. In a statement, CAIT claimed that not only e-commerce firms like Amazon and Flipkart, but a large number of companies owning brands, particularly in mobile, FMCG, electronics, electrical appliances, footwear, garments and other sectors, and various banks are also responsible for distortion in prices of different products on online portals. "It is ...
The trend indicates cautious and focused investing by investors with an eye on profitability, the report said
Tata, Reliance and Aditya Birla groups have decided to take on e-retailers like Amazon and Flipkart, but their strategy is different from their online peers