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E-retail market seen at $170-190 bn by 2030 with annual growth accelerating to over 18%: Report

This growth will be propelled by increased discretionary spending as India's per capita GDP surpasses $3,500-4,000, a crucial tipping point unlocking discretionary and e-retail spending globallyNew Delhi: India's e-retail market is expected to scale to $170–190 billion by 2030,...

E-commerce a challenge for direct selling industry’s growth: IDSA

IDSA is negotiating with the government to control the digital marketing sites so that direct selling products are not sold through online modeGuwahati: Indian Direct Selling Association Chairman Vivek Katoch on Tuesday said the e-commerce sector is a challenge...

E-commerce firms must ensure transparency, uphold consumer interest: Pralhad Joshi

The future of e-commerce in India is bright, inclusive and transformative, the minister said emphasising the sheer size and potential of India marketNew Delhi: Minister for Consumer Affairs Pralhad Joshi on Tuesday asserted that e-commerce companies have a significant...

Amazon narrows losses by 28% to Rs 3,470 crore

In the previous fiscal year Amazon's total losses stood at Rs 4,854 crore New Delhi: Amazon has narrowed its net losses in India by 28% to Rs 3,470 crore for the fiscal year 2023-24 compared to the previous fiscal year...

Kerala’s popular coconut products brand KLF Nirmal targets 300cr by FY26

The company is looking to broaden its value-added product offerings by launching new coconut-based categories, such as instant food items, fragrances, and personal care productsBengaluru: Kerala-based 80-year-old legacy brand KLF Nirmal is a trusted name for coconut oil and coconut-based...

57% of Indian e-commerce and q-commerce shoppers struggle to find ‘best before date’ on most platforms: Survey

A comparison with the 2023 results shows that the percentage of consumers who cannot find the displayed best before date has increased from 50% to 57%, reflecting a decline in complianceBengaluru: As many as 57% of Indian e-commerce and...

E-comm deep discounting creating grey mkt, leading to loss to national exchequer: CAIT, AIMRA

Confederation of All India Traders (CAIT), in collaboration with the All India Mobile Retailers' Association (AIMRA), placed the demands in a white paper on the impact of e-commerce giants Amazon and Flipkart on India's retail ecosystemNew Delhi: The Competition...

Indian wear is going to become global and it will put Libas on the world map: Founder Sidhant Keshwani

Sidhant Keshwani, founder and chief executive officer, D2C-first women’s fast fashion ethnic brand Libas on its largest store, offline expansion and international ambitionsLaunched in 2004, Delhi-based modern ethnic wear brand Libas has effectively leveraged digital platforms and D2C strategies...

E-tailers breaching FDI norms, consumers should think who benefits from their purchases: Goyal

The minister said the deep pockets of companies like Amazon help the small traders and retailers indulge in predatory pricing and also deploy algorithms to influence consumer choice and preferencesMumbai: Continuing to voice concerns over e-commerce players like Amazon,...

Brands could lose $20-$30 billion in revenue to returns by 2025: Report

The report finds that Maharashtra has the highest return rate in India, followed by Karnataka, Delhi, Uttar Pradesh, and Haryana, with Kerala having the lowest return rate Bengaluru: Returns are a huge problem in e-commerce. They can go as high as...
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Varun Chaudhary takes charge as Global CEO for CG Foods

Under the new leadership, the company aims to scale growth and target Rs 1,200 crore revenue by FY26-end Bengaluru: CG...
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