Page 5 - E-commerce Market

Infosys launches Equinox platform to boost clients' e-commerce sales

Infosys launched its 'Equinox' suite of solutions to help enterprises transform their online and in-store functions and deliver personalised omnichannel commerce experiences for B2B and B2C buyers.

Snapdeal expands logistics network, sets up 130 distribution hubs

Value e-commerce marketplace Snapdeal on Thursday said it has opened 130 new distribution hubs this year across the country that will help cater to the growing demand from smaller cities, especially during the festive season. The maximum number of these hubs are located in Maharashtra, Karnataka, Telangana, and Uttar Pradesh, Snapdeal said in a statement. The company has also augmented its logistics network in Jammu and Kashmir and in the North-East, and with the addition of these hubs, Snapdeal now serves over 26,000 pin codes, it added. "The network expansion is serving the growing demand for online shopping from smaller cities such as Baramulla (J&K), Saharanpur (Uttar Pradesh), Khammam (Telangana), Alwar (Rajasthan), Sambalpur (Odisha), Tumkur (Karnataka), Latur (Maharashtra), Dimapur (Nagaland) and is designed to speed up deliveries for customers in these cities and in surrounding areas," it said. The expanded network is also designed to cater to the surge in demand that is ..

Robotics & automation firm Addverb Technologies to further expand globally

This strategic initiative stems from increased demand for robotics and automation solutions in the global market

Govt to take 'balanced' approach on e-commerce rules: Consumer Affairs Sec

To protect the interest of consumers, the government has proposed key amendments to the Consumer Protection (e-commerce) Rules, 2020 which include ban on fraudulent flash sales and misselling

Ahead of festive season, Amazon, Flipkart scale-up facilities across India

The coronavirus pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency

Govt examining public comments on draft Consumer Protection (e-comm) Rules

The consumer affairs ministry is examining stakeholders' views on all provisions of the draft Consumer Protection (e-commerce) Rules, including definition of 'related party', a govt official said

Shopee dips toe in India e-commerce market with seller recruitment campaign

"Shopee is coming to India!" announces a video posted earlier in August that promises free shipping and no commission fees for sellers and buyers.

India among most exciting markets, to grow to $1 trn by 2025: Walmart CEO

The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to CEO Doug McMillon

E-commerce enablement startup ANS Commerce eyes Rs 500 cr GMV in FY22

With reports suggesting an 88% increase in consumer demand for D2C brands/products, ANS Commerce plans to leverage this surge in demand to act as a catalyst for its business and revenue growth

Flipkart Plus sees robust growth, reaches 20 million customer base

Around 30% of monthly active customers on Flipkart are now Plus members. Today, Flipkart issues over 1 billion SuperCoins a month, where customers avail various benefits

Will extend full cooperation to CCI probe: Amazon, Flipkart on SC decision

E-commerce giants Amazon and Flipkart said they are in compliance with all the rules, and will extend full cooperation to the CCI probe, following the Supreme Court's refusal to entertain their pleas

E-commerce market's revenue at $56.6 bn in FY21: Choubey citing Nasscom

India's e-commerce market continues to grow at 5 per cent year-on-year, with an estimated revenue of $56.6 billion in the financial year 2020-21, despite the Covid-19 pandemic, according Nasscom

Amazon's recent numbers don't look good: should investors start worrying?

E-commerce sales are clearly slowing, foreshadowing more lackluster revenue results the rest of the year

Archies forays into beauty segment, launches dedicated e-com portal

Gift and greeting cards major Archies on Friday announced its foray into the beauty and personal care products segment as part of business expansion plans. It has partnered with around 45 brands, ranging from cosmetics, haircare, skincare, fragrances and scents, bath & body care and even baby care, said Archies Beauty Chief Operating Officer Hanisha Kapoor. As per the strategy, Rs 200 crore company is opting for both online and offline channels for its new business segment 'Archies Beauty'. Its products would be available on its new portal Archiesbeauty.com and the company also looks to leverage its existing network of over 200 Archies stores to sell these beauty and personal care products, she added. "By the quarter-end, Archies Beauty will be having around 75 beauty and cosmetic brands on board and by the year-end end, (it is) eying to have around 150 plus brands," Kapoor told PTI. Archies Beauty is also considering introducing dedicated outlets for its new segment by next year,

ITC augments investment in e-commerce, accelerates digital transformation

ITC Ltd has augmented its capability in emerging modes such as e-commerce and modern trade channels with "sharp-focused investments"

Snapdeal, FLO tie up to launch program to digitise women-owned businesses

E-commerce player Snapdeal on Wednesday said it has signed an agreement with FICCI Ladies Organisation (FLO) and has launched an online program to help women-led SMBs in the country

Govt-appointed panel to meet on modalities of open network for e-commerce

The discussions and meetings will begin soon to allocate work to various agencies that will be involved in developing the platform, said an official in the know

Godrej Consumer leveraging on data and tech, strengthening its e-commerce

FMCG firm Godrej Consumer Products Ltd (GCPL) is strengthening its e-commerce vertical as an independent business unit in India, according to company Chairperson and Managing Director Nisaba Godrej.

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed