Page 6 - E-commerce Companies
Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis
The United States' largest employer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
 "Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis")
Indian e-com to grow 27% annually; RIL to dominate online grocery: Goldman
Online penetration of retail is expected to reach 10.7 per cent by 2024, versus 4.7 per cent in 2019
 "Indian e-com to grow 27% annually; RIL to dominate online grocery: Goldman")
Adevinta wins auction to buy eBay's classified ads unit for $9 billion
The acquisition comes as the coronavirus crisis boosts demand for online marketplaces, with consumers turning to online shopping due to prolonged lockdowns and social distancing measures
 "Adevinta wins auction to buy eBay's classified ads unit for $9 billion")
Equalisation levy of 2% on e-comm firms non-discriminatory: India tells US
India said the ongoing multilateral consultations under the aegis of the G-20-OECD due in this regard have not arrived at any consensus even after many years of discussions
 "Equalisation levy of 2% on e-comm firms non-discriminatory: India tells US")
Display of country of origin on products sold online: HC seeks govt's stand
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and e-commerce platforms Amazon, Flipkart and Snapdeal seeking their stand on the plea by July 22.
 "Display of country of origin on products sold online: HC seeks govt's stand")
Online marketplace LimeRoad's user data leaked, firm denies allegations
LimeRoad was co-founded in 2012 by Suchi Mukherjee, Manish Saksena and Ankush Mehra as a fashion marketplace for women.
 "Online marketplace LimeRoad's user data leaked, firm denies allegations")
Draft e-commerce policy soon, to be stricter on data norms and discount
Pricing - a prime complaint of domestic retailers - is set to be the focus, with the government considering an annual review of discounts given by e-marketplaces.
 "Draft e-commerce policy soon, to be stricter on data norms and discount")
US to probe India's digital tax; it's non-discriminatory, says New Delhi
New Delhi will strongly oppose the move arguing that that its digital tax measures fall within its sovereign rights and are in no way designed to discriminate against US companies.
 "US to probe India's digital tax; it's non-discriminatory, says New Delhi")
E-commerce firms may get to sell secondary essentials in red zones: Reports
Consumers in red zones say they want to buy gadgets, home supplies and office and school supplies post upcoming lockdown relaxations.
 "E-commerce firms may get to sell secondary essentials in red zones: Reports")
Amazon: How numbers lie at the centre of Jeff Bezos' management ethos
In 1994, Bezos had just discovered that web activity had increased by a factor of roughly 2,300% in the past year. Later, he quit the lucrative Wall Street job and began his own business.
 "Amazon: How numbers lie at the centre of Jeff Bezos' management ethos")
Udaan lays off several contractual staff, offers one-month compensation
However, no decision has been taken on laying off permanent employees
 "Udaan lays off several contractual staff, offers one-month compensation")
Covid-19 impact: Govt backtracks on non-essential items' sale by e-tailers
The norms earlier allowed them to operate without any restriction on their working hours from April 20, provided they ensured strict social distancing.
 "Covid-19 impact: Govt backtracks on non-essential items' sale by e-tailers")
No supply of non-essentials by e-tailers in lockdown: Govt reverses stand
The govt had previously permitted e-commerce companies to also supply non-essential goods during the lockdown period till May 3
 "No supply of non-essentials by e-tailers in lockdown: Govt reverses stand")
Coronavirus makes Amazon do the unthinkable: Nudging customers to buy less
Amazon is suppressing extraneous consumption in various ways, according to a report in the Wall Street Journal.
 "Coronavirus makes Amazon do the unthinkable: Nudging customers to buy less")
Lockdown 2.0: E-tailers can sell non-essentials on state nod from April 20
The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.
 "Lockdown 2.0: E-tailers can sell non-essentials on state nod from April 20")
Coronavirus lockdown: Shadow looms over summer sales of Amazon, Flipkart
While Amazon India is learnt to have deferred its summer sale until further notice, sources said Flipkart doesn't have clarity on the sale event yet.
 "Coronavirus lockdown: Shadow looms over summer sales of Amazon, Flipkart")
E-commerce firms ask govt to provide curfew passes valid for 6 months
As many delivery personnel have gone back to their hometowns, e-commerce firms are struggling to get enough of inter-district curfew passes
Kirana stores beat e-commerce giants during coronavirus crisis: Study
The traditional trade channel that serves over 1.3 billion people, compared to some 120 million by e-commerce, has fared significantly better when it comes to availability of essential goods
 "Kirana stores beat e-commerce giants during coronavirus crisis: Study")
Top headlines: Govt's income support plan, manufacturing halts, and more
From e-commerce firms set to resume work amid Covid-19to govt asking car manufacturers to explore ventilator production, Business Standard brings you the top headlines of the day
 "Top headlines: Govt's income support plan, manufacturing halts, and more")
E-commerce policy: Govt seeks to establish regulator, tighten controls
The policy is still being drafted and could go through further changes
