E Commerce

New foreign trade policy to aid exports via e-com, farm equipment: Experts

The new Foreign Trade Policy (FTP) 2023, announced recently, will help in promoting exports of sectors from e-commerce, batteries for electric vehicles and farm equipment, experts said on Tuesday. India on March 31 came out with the new policy which aimed at pushing rupee trade, increasing outward shipments to USD 2 trillion by 2030, and promoting e-commerce exports, amid global uncertainties. Rumki Majumdar, Economist at Deloitte India, said that the policy emphasises on the manufacturing and export sectors with a long term view. Sectors such as batteries for EVs, green hydrogen, and garment, amongst others will benefit from the policy, she said, adding that with over 80 per cent of trade being done in the USD, encouraging trade in Indian rupee will be a relief. "It will also add to its resilience to external shocks and improve negotiating capabilities in international trade," Majumdar said. Shashi Mathews, Partner at IndusLaw, said that through the policy, the government's focus

Tata Neu 2.0: All-new version simpler, high on privacy with no need for OTP

Better UX & UI experience; no need to authenticate each time user accesses app; designated chatbot for BB; IPL season to be used to harvest users; enters edtech with Tata NeuSkills

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

Toys 'R' Us re-enters India, will offer global brands before year-end

Is working on omnichannel model, will have smaller stores here than abroad; will also sell toys made in India by global players by the end of Calendar 2023

EBay to cut 4% of its workforce amid low consumer demand worldwide

The reductions are in response to the "macroeconomic situation around the world," Chief Executive Officer Jamie Iannone said Tuesday in a statement

The everywhere retail

Spurred by the pandemic, the convergence between offline and online commerce could reach a tipping point in 2023

Tata Power ties up with Contour for digital trade finance network

Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital trade finance workflow, a statement said. The integration enables trusted data flow across the world's trade routes and current fragmented ecosystems it explained. Manual and paper-based processes in finance slow trade growth by creating additional complexity and costs. "Tata Power's collaboration with Contour will pave the way for a seamless trade finance process one that can be made significantly efficient with the robust blockchain-based solution," Sanjeev Churiwala, Chief Finance Officer, Tata Power said in the statement. By joining Contour's network, Tata Power is implementing an end-to-end digital

5G to digital rupee, India made great strides in digital domain in 2022

2022 has seen India make great strides in the digital domain

Amazon looks to sell excess air cargo space as demand cools post-pandemic

The long-term plan for Amazon Air hasn't changed despite the current turmoil

Zepto will stick to brand promise of 10-minute deliveries: CEO Palicha

Quick commerce fastest-growing consumer technology industry in India, he says

RBI introduces single-block-and-multiple debits functionality in UPI

Feature will make payments easier for e-commerce and investments in securities

Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses

The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr

Pandemic effect: Fading or going strong?

Fintech, Edtech, Healthtech- most trends that got people through the pandemic have lost their charm. WFH, however, continues to win hands down among employees

ONDC to start outreach programme to help sellers speed up their business

The first event of the programme will be an introductory session in Delhi NCR for restaurants, food entrepreneurs and cloud kitchens, on Oct 17

Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'

Festive season preparation drives business for digital payments company

Big Fashion Festival: Myntra onboards over 1.2 million new customers

As customers shopped fashion, beauty and lifestyle products during the event, Myntra's BFF saw over 45 per cent of visitors coming from tier 2/3 cities of India

Botched deliveries take toll on Amazon and Flipkart festival sales

The exact number of orders gone wrong is a number that will not be disclosed by the companies

E-com firms log 28% rise in orders in first 2 days of festive season: Study

Personal care and electronics excluding cell phones are the two top categories in terms of sales

Amazon India extends four-hour delivery to 50 cities and towns

Company says service for its Prime members creates job opportunities

ONDC and UPI together will reorder India's supply chain: Nandan Nilekani

Speaking at the Global Fintech Fest 2022, he said the supply chain will become far more efficient and will help reach products and services to everyone much more easily