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Evaluating changes in FDI rules to avoid ‘unintended consequences’: Amazon

US e-tail giant Amazon sees "very good long-term prospects" in the Indian market but is evaluating the recent changes in FDI rules for online marketplaces to ensure that there are no "unintended consequences" for customers and sellers on its...

No extension of February 1 deadline to comply with e-commerce FDI norms

In a major setback to Amazon and Walmart-led Flipkart, the Department of Industrial Policy and Promotion (DIPP) on Thursday rejected the request to delay the implementation of the new FDI norms for the e-commerce sector. The new norms come...

Snapdeal bats for new FDI policy in e-commerce from Feb 1

Leading e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1."Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that marketplaces are not misused to run...

Walmart, Amazon seek extension of Jan 31 deadline on e-commerce compliance, panic as Govt silent

There is trouble in paradise. The Government's drastic intervention in e-commerce at the behest of vested domestic interests and the powerful traders lobby has created consternation in the bulge bracket world of e-commerce in India.With the big players having...

Myntra taps 9,000 kirana stores in 50 cities to boost last-mile delivery

Flipkart-owned ecommerce platform Myntra that saw 80 percent revenue fall in FY2018 has doubled down on last-mile delivery, tapping into over 9,000 kirana stores across 50 cities to fast deliver packages.Today, nearly 60 percent of all Myntra's product pick-ups...

Reliance Retail is 94th on Deloitte’s top retailer list

The global retailing industry saw a record growth in revenue in 2017 with the top 250 companies increasing their revenue by over 83 percent, according to a latest report by a professional services multinational that said Reliance Retail was...

Walmart expands its grocery delivery service providers

Walmart has announced the addition of four delivery companies to its team to help expand the retailer’s popular online grocery delivery option. Point Pickup, Skipcart, AxleHire and Roadie will help power Walmart’s online grocery deliveries in metro areas across...

Focussed on bringing next 200 mn Indians into e-commerce fold: Flipkart CEO

Walmart-backed Flipkart is betting big on categories like grocery, furniture and its range of private labels to bring new customers onboard its platform as well as expand its share in the user's wallet, according to CEO Kalyan Krishnamurthy.Speaking to...

Almost 45 pc of seller base from tier-II, III cities: Flipkart

E-commerce major Flipkart Tuesday said it has witnessed strong growth in its seller base this year, driven by steady increase in merchants from tier-II and III cities that now account for almost 45 percent of the total tally.According to...

After Flipkart, Walmart eyes another Indian startup that specialises in AI

Walmart Labs India, the local product development division of US retail giant Walmart, on Thursday announced it would hire key tech team from Artificial Intelligence (AI) and data analytics start-up Int.ai — its second acqui-hiring in the country within...
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52% of Indian retailers to onboard fresh graduates in FY25: Report

In 2023, the retail industry experienced an 8% rise in job applications, while demand surged by 18%, indicating a...
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