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Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes
The company said gross margin declined due to change in BPC category mix, higher brand funded discount during festive season, consumer downgrades.
Amazon has started notifying its employees affected by its new round of layoffs, as a part of its plan to reduce its headcount by around 18,000 people, the media reported
Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business
The FSN E-Commerce Ventures, that runs the fashion and beauty platform Nykaa, announced the resignation of its chief financial officer (CFO) Arvind Agarwal today on November 22
India has so far stayed out of a group of 87 countries, including the US, European Union, China, and Japan that are negotiating trade-related aspects on e-commerce since December 2017
Sources say attempts being made to absorb staff in other units
Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak
Experts say Karnataka authority's ruling would not apply to Uber, Ola and other cab aggregators
India's largest business-to-business e-commerce firm sacked 180 employees in June
Further penetration into smaller cities will only add to this dependence on third-party delivery partners
He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO
Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal
The company will use the financing to improve its technology and expand its business
E-commerce platforms during the first week of festive season are estimated to have registered 30 per cent growth year-on-year, inventory and warehouse management tech firm EasyEcom said on Wednesday. EasyEcom said that e-commerce volume will grow more in Tier-2 and Tier-3 towns compared to Tier-1 cities, with non-metros driving nearly 80 per cent of the total e-commerce sales along with Tier-2 towns adding about 60 per cent to the figure. "The first week of the festive sales across e-commerce platforms in India will exceed the gross merchandise value on non-sale days by five times, projecting a figure which will be around 1.3 times up from last year," EasyECom said. The company said that its analysis is based on data captured by its software-as-a-service platform which focuses on omnichannel inventory & warehouse management and reconciliations. The company has seen a 14 per cent growth in product lines on e-commerce platforms. "The subdued performance of the first quarter due to .
Firm to focus on new launches with high margins and high growth
Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart's chief executive officer
Seven companies - one buyer side app, five seller side apps, and one logistics service provider app - have built their own ONDC compatible apps
Days after meeting stakeholders, the Department of Consumer Affairs (DoCA) on Friday said it will be developing a framework to keep check over fake reviews on e-commerce websites within 60 days.
Department of Consumer Affairs held meeting with stakeholders including Amazon, Flipkart, Reliance and Tata to discuss issues arising due to fake and deceptive online reviews