Indian E-commerce Industry

BIS norms to curb fake reviews to increase costs for online sellers: Report

According to the guidelines, published on November 23, the companies will have to ensure that the ratings and reviews of their products are genuine

Snapdeal to shelve its $152 million IPO amid tech stock market retreat

Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups

GeM public procurement crosses Rs 1 trillion in just eight months

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

Layoffs are part of annual operating planning review process: Amazon

Sources say attempts being made to absorb staff in other units

Udaan, Jiomart led India's B2B e-commerce market to reach $100 bn by 2030

India's B2B e-commerce market, led by players like Udaan and Jiomart, will reach $90-100 billion in gross merchandise value (GMV) by 2030, a report showed

E-commerce solution provider Graas raises $40mn in funding round

Graas, a solution provider the for e-commerce industry, said on Wednesday that it has raised more than $40 million in the first close of a funding round.

Panel urges plan to help local vendors build ONDC-compatible technical tool

Says no clarity on ONDC network's liability in case a consumer is delivered substandard products; local businesses will also find it hard to compete with e-commerce giants

Grasim enters B2B e-commerce in building materials, to invest Rs 2,000 cr

Investment adds new high-growth engine within Grasim's standalone businesses and of its associate cos; firm is spending Rs 10,000 cr in new paints business, will launch products by early 2024

E-commerce giants offer tech-friendly policies to woo offline sellers

They are offering new-age tech based products such as AI-led cataloguing, coupled with easy settlements and attractive platform fees that enable ease of doing business

Flipkart and the startup longevity challenge

Flipkart, which is rarely listed as a startup or unicorn now, has also had to delay its IPO

Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr

The Ananth Narayanan-led firm achieved this in the first 12 months of operations and it has plans to hire 700 employees in 2022

These tech firms are taking the e-commerce battle to India's hinterlands

How social commerce firms are democratising e-retail by tapping community group buyers from tier-2 and smaller towns across India

India's e-commerce industry set to grow 84% by 2024, says report

In India, daily active user (DAU) growth in top shopping apps accelerated in the past three quarters

US Senator Warren seeks Amazon breakup after India rigging reports

Warren, a long-time critic of Amazon, said "these documents show what we feared about Amazon's monopoly power" that the company is willing and able to rig its platform to benefit its bottom line

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.

Reliance backs govt on proposed e-commerce rules as Tatas oppose

Stand on marketplace draft at variance with Tatas

June-quarter miss, valuations may restrict upside in Nestle India

Brokerages have cut their profit estimates by 3-5 per cent

Compliance and control

New e-commerce rules expand govt role in the business

Top headlines: E-com flash sale banned; Airtel ties up with Tata for 5G

Business Standard brings you the top headlines on Tuesday

Stiff compliance, flash sale ban in draft norms for e-commerce firms

Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies