Page 2 - Ecommerce

I&L sector takes 31.6 mn sq ft on lease in 2022, highest since 2019

Delhi-NCR led the absorption with 7.3 million sq ft, followed by Mumbai and Bengaluro with 6.1 million sq ft and 5.2 million sq ft, respectively

POCO X5 Pro 5G India launch today: How to watch livestream & what to expect

The POCO X5 Pro 5G smartphone will be available for purchase after the launch, in limited quantity as part of early access sale, on the e-commerce platform Flipkart

Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Govt procurement portal GeM catching up with Amazon, Flipkart: Eco Survey

Healthy growth in the procurement of goods and services by central and state governments through GeM portal is helping the platform to catch up with global e-commerce giants like Amazon and Flipkart, the Economic Survey said on Tuesday. The Government e-Market (GeM) portal was launched on August 9, 2016 by the commerce ministry for online purchases of goods and services by all the central government ministries and departments and other agencies including public sector units. Procurement of goods and services from the portal has crossed Rs 1 lakh crore till November 29 this fiscal on account of an increase in buying activities. "The GeM has witnessed tremendous growth in gross merchandise value and is catching up with e-commerce giants like Amazon and Flipkart," the survey said, adding, "GeM attained an annual procurement of Rs 1 lakh crore within fiscal year 2022, representing a 160 per cent growth compared to last FY (fiscal year)". GeM CEO P K Singh had earlier stated that going

Amazon India offers 50% referral fee waiver for e-commerce businesses

Businesses pay Amazon referral fees to for facilitating sales on the online marketplace

POCO X5 Pro 5G set to launch in India on Feb 6: Know expected specs & more

Successor to the POCO X4 Pro 5G, the POCO X5 Pro 5G is expected to be powered by Qualcomm processor

Amazon adds prescription drug discount programme to health care business

Amazon is adding a prescription drug discount programme to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships. Amazon said people will pay USD 5 a month to fill as many prescriptions as they need from a list of about 50 generic medications, which are generally cheaper versions of brand-name drugs. The company said the flat fee could cover a list of medications like the antibiotic amoxicillin and the anti-inflammatory drug naproxen. Sildenafil also made the list. It's used to treat erectile dysfunction under the brand name Viagra and also treats a form of high blood pressure. Amazon sells a range of generic drugs through its pharmacy service. Some already cost as low as USD 1 for a 30-day supply, so the benefit of this new programme will vary by customer. The new programme doesn't use insurance, and people with government-funded Medicaid or Medicare coverage are not eligible. It

Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose

Amazon on Thursday announced that it will shut down its charity donation programme, "AmazonSmile", as it failed to create the impact the company hoped for

Vivo announces Republic Day sale offers on select smartphones: Details here

The sale offers on the Vivo V25 series, Y75 series and Y35 smartphone will be live until January 31

Udaan product shipment jumps six-fold to 1.7 bn in 2022

The Lightspeed Venture and Microsoft-backed unicorn had shipped 260 million products, catering to around 50 million orders in 2021 -- which was hugely impacted by the pandemic

Amazon gets Pune labour commissioner notice after complaint about layoffs

Ecommerce giant recently announced it would lay off 18% of its workforce globally

Flipkart Internet gets $90 million cash infusion from Singapore parent

The cash infusion is expected to help Flipkart in competing with US-based Amazon for leadership in the Indian e-marketplace

Amazon plans to lay off around 1,000 employees in India: Report

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the source said. Another source said Amazon has 1 lakh employees in India and the decision will impact 1 per cent of staff in the country. When contacted, an Amazon India spokesperson did not offer any comment but shared the blog link of Amazon CEO Andy Jassy where he has informed the company's decision to eliminate 18,000 roles across the globe. "Between the reductions, we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organisations," Jassy said. As of

Top headlines: I-T dept goes after tax arrears of over Rs 7.7 trn, PMAY-G

Business Standard brings you the top headlines at this hour

CAIT, other organisations pitch for immediate rollout of e-commerce policy

Traders' body CAIT and other organisations released a five-point "Delhi Declaration" charter on Wednesday, reiterating its demands for the immediate rollout of a robust e-commerce policy and the formation of an empowered regulatory body. Claiming that the e-commerce spectrum of the country has been vitiated, CAIT Secretary General Praveen Khandelwal told PTI: "We have demanded from the government that the e-commerce policy should be rolled out immediately. Likewise, a national policy for retail trade should also be declared as soon as possible and a Regulatory Authority should be constituted". We have also demanded that e-commerce rules under the Consumer Protection Act should be implemented, which is pending since three years. There has to be a holistic approach not only for e-commerce but retail trade as well so that there is no overlap, Khandelwal added. At the Indian Trade conclave organised by the Confederation of All India Traders (CAIT) and associations related to traders, ..

Bigbasket may launch IPO by 2025 after $200 million funding: CFO Parekh

Controlling about a third of India's online grocery market, Bigbasket was acquired by Tata last year

Mumbai to Mirzapur: Meesho witnesses a record 910 million orders in 2022

At about 140 million, Meesho said its annual transacting users exceed the combined population of the top three nations in FIFA World Cup 2022: France, Argentina and Croatia

One day in office, remote work for rest of the week for Meesho employees

E-commerce firm's Flexi-Office model offers employees financial support for relocating

Consumer interest watchdog's notices to Flipkart, Meesho for acid sale

Several states/UTs have already issued guidelines to regulate the sale of acids

CCPA issues notices to Flipkart, Meesho for sale of acid on their platforms

The Central Consumer Protection Authority (CCPA) has sent notices to e-commerce players Flipkart and meesho.com for gross violations of norms relating to sale of acid on their platforms. The notices follow reports that in recent acid attack on a girl in Dwarka, Delhi, the accused had bought acid from Flipkart. On Thursday, the Delhi Commission for Women issued notices to two e-commerce firms for allegedly allowing sale of acid on their platforms. The Delhi Police had also issued a notice to Flipkart after it found that the acid was procured from the e-commerce firm. "CCPA has sent notices to two e-commerce entities, namely Flipkart Internet Pvt Ltd and Fashnear Technologies Pvt Ltd (meesho.com) for gross violations relating to sale of acid reported on their platforms. It has directed these entities to furnish detailed responses within 7 days," Ministry of Consumer Affairs said in a statement. Any non-compliance by these e-commerce entities with the directions of CCPA's notices will