COMMERCE

  • 'MakeInIndia' Twitter goof-up creates flutter on auto duty cut January 6, 2015

    New Delhi: Government's 'MakeInIndia' Twitter handle on Tuesday created a flutter on the micro-blogging site by erroneously stating that excise duty on cars and two-wheelers has been cut, but corrected the mistake later. The @makeinindia_, a Twitter handle managed by Ministry of Commerce and Industry, this afternoon posted that duties...
  • Why the way India shops is completely changing January 1, 2015

    New Delhi: From Amazons of the world to Chinese Alibabas to desi Flipkarts, everyone wants to have a pie of the burgeoning e-commerce market in India and consumers are not complaining with sweet sale deals coming their way. In the process, these e-retailers rubbed the brick-and-mortar traditional retailers wrong way in...
  • Government splits Chairman & MD post, names chiefs for 4 PSU banks December 31, 2014

    New Delhi: In a departure from the past, the government on Wednesday split the post of Chairman and Managing Director for PSU banks and named MD-and-CEOs of four banks including United Bank and Oriental Bank of Commerce. For the first time, PSU banks will have a...
  • Alibaba claims to have spent $161 million fighting fakes since 2013 December 23, 2014

    Beijing: China's Alibaba Group Holding Ltd, the world's largest e-commerce company, spent over 1 billion yuan ($160.7 million) combating fake goods and for improving customer protection from the beginning of 2013 to the end of November, the firm said Tuesday. "From Alibaba Group's perspective, we bear a serious responsibility in this...
  • How reliable are warranties for online purchases? December 22, 2014

    Kolkata: Even as online retail sales continue to shoot up with the e-commerce industry expected to touch Rs 216 billion ($3.5 billion) in the current fiscal, the sector has recently come under fire with both manufacturers and consumers questioning the reliability of warranties for online purchases and the consequences of...
  • Delhi beats Maharashtra as India's e-commerce hub: eBay December 19, 2014

    New Delhi: Delhi has toppled Maharashtra as the No 1 market where maximum number of mobiles and accessories were sold online this year, e-commerce major eBay said today. Last year, Maharashtra was the top market of eBay. According to eBay's Census 2014, tier-II and -III cities are driving the e-commerce market in...
  • Small businesses to rule e-commerce December 15, 2014

    New Delhi: E-commerce has changed a lot of the ways that companies do business. E-commerce with all new eras, advances in technology have forced businesses to evolve, creating new ways of doing business and new rules for conducting business. The internet revolution has come a long way as far as promoting...
  • Now, food companies looking to enter into e-commerce segment November 29, 2014

    New Delhi: With rapidly growing e-commerce business, now food companies are looking to use this platform for selling their products so that they can expand their reach and visibility, a top government official said today. Speaking at the conference on 'India Farm 2 Fork' organised by PHD Chamber, Food Processing Secretary...
  • Why online grocery shopping is the next big thing in Indian e-commerce November 27, 2014

    Mumbai: Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling. The online grocers benefit from low overheads, as they store goods in warehouses outside big cities where commercial rents...
  • Watch: E-commerce giant Alibaba's founder Jack Ma gives thumbs up to PM Modi's vision November 27, 2014

    China's richest man and e-commerce giant Alibaba's founder founder gave a big thumbs up to Prime Minister Narendra Modi's vision. Jack Ma wants to invest more in India and help technology entrepreneurs in the country. He said, "I have heard the Prime Minister's speech and it is very passionate and...
  • Watch: Journey of Snapdeal CEO Kunal Bahl November 23, 2014

    With everything available on a click of the mouse, young entrepreneurs are ruling the e-commerce industry. Here is the journey of Kunal Bahl, who became the CEO of Snapdeal at the age of 31. ...
  • After Snapdeal, Ratan Tata invests in online furniture company Urban Ladder November 16, 2014

    New Delhi: Tata Group's Chairman Emeritus Ratan Tata has invested in online furniture company Urban Ladder, making it his second personal investment in an e-commerce firm after Snapdeal. Urban Ladder said that Tata's "inputs and guidance will be very valuable" for the company, but did not disclose the amount and other...
  • North East's food processing sector part of PM's 'Make in India' mission November 11, 2014

    Guwahati: The North East's Food Processing sector was a part of Prime Minister Narendra Modi's 'Make In India' mission, Union Food Processing Industries Minister Harsmirat Kaur Badal said ''Organic production has a very huge national and international market and only North East India has the potential to meet this demand...
  • Indian e-commerce market to reach the $20 billion mark next year: Report November 9, 2014

    New Delhi: The e-commerce market in the country is expected to grow 37 per cent to reach $20 billion by next year on the back of growing internet population and increased online shoppers, a report has said. "E-commerce in India is a $11 billion market, and is estimated to reach $20...
  • IIT-Kharagpur student offered Rs 91 lakh salary package November 4, 2014

    Kolkata: A month away from final placements, IIT Kharagpur students are being flooded with pre-placement offers with a 20 per cent increase this year. IIT officials said already around 125 students have been extended pre-placement offers and interviews, where most of the companies have increased the package offered by around 20...
  • Online retailer HomeShop18 stops selling books online November 1, 2014

    New Delhi: In what comes as a surprise, e-commerce major HomeShop18 has stopped selling books online. The company has issued a notice announcing that it will no longer be selling books on the site. The notice, however, states no reason as to why the company has discontinued the books section. The...
  • Healthkart bets big on health, nutrition market in India October 30, 2014

    New Delhi: eCommerce firm HealthKart is betting big on the multi-billion health and nutrition market in the country as an increasing number of people go online to buy products like health supplements and testing kits. "Unlike other retailers, we are in a speacialised category of health and it is growing...
  • Modi government sacks CMDs of 6 PSU banks after finding irregularities, scraps selection process October 28, 2014

    New Delhi: The Narendra Modi government has sacked the heads of six Public Sector Unit banks. The move comes after the Chairman of Syndicate Bank was arrested on bribery charges in August. A high-level panel report submitted to the government stated that there were irregularities in the selection process of the...
  • Japanese business delegation to visit Kerala in November October 23, 2014

    Kochi: A 40-member Japanese business delegation will be on a three-day visit to Kerala from November 6 to identify areas of cooperation with the state, especially Kochi. Said to be the biggest ever visit by officials from any country to the state, the event is being organised by Sanin India Association...
  • India one of the fastest growing e-commerce markets in Asia-Pacific October 19, 2014

    New Delhi: The India eCommerce market will reach $6 billion in 2015, a 70 per cent increase over 2014 revenue of $3.5 billion, Gartner Inc. said. "Digital commerce is at a nascent stage in India. However, India is one of the fastest-growing e-commerce markets in Asia/Pacific," Praveen Sengar, research director at...
  • ED not probing Flipkart mega discount sale: Official October 14, 2014

    New Delhi: Enforcement Directorate (ED) on Tuesday said it has not launched any probe into the massive discount sale by e-retail giant Flipkart last week but is continuing its earlier investigation into alleged violations of Foreign Direct Investment rules in their e-commerce business. Refuting media reports that the recent online mega...
  • ED issues notice to Flipkart for its billion-day sale, may impose Rs 1000 crore penalty October 14, 2014

    New Delhi: In a big setback to Flipkart, the Enforcement Directorate has issued notice to them questioning them over their recent billion day sale. The ED is likely to impose a penalty of Rs 1,000 crore on the e-commerce giant. ED sources have said that Flipkart arranged money through FDI...
  • Assocham for allowing FDI in e-commerce retailing October 12, 2014

    New Delhi: Pitching for FDI in e-commerce retailing, industry body Assocham today said the Flipkart fiasco should not be used as an excuse by the government to over-regulate the e-commerce business which is in its infancy. "The Flipkart incident resulting in inconvenience to enthusiastic customers on the Diwali offer should...
  • Will examine if more clarity is needed on e-retail, says Nirmala Sitharaman October 8, 2014

    In an interview with CNN-IBN, Commerce minister Nirmala Sitharaman said that she will examine if more clarity is needed on e-retail. "We have got a lot of inputs. We will examine the policy," she said. ...
  • Will look into complaints against Flipkart: Commerce Minister October 8, 2014

    New Delhi: After receiving "many complaints" from traders on Flipkart's massive discount sale, government on Wednesday said it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business. Flipkart's 'Big Billion Day' sale on Monday, that offered steep discounts on various products,...
  • Flipkart Big Billion Day sale a disaster? Myntra's Mukesh Bansal disagrees October 6, 2014

    E-commerce company Flipkart hosted on Monday what it claimed to be its biggest sale with massive discounts on a wide range of products. But the sale was far from being a hit. The sale went live at 8.00 am but the website crashed due to heavy demand. A large number...
  • Flipkart site crashes on day of its biggest sale, angry customers lash out October 6, 2014

    The big Flipkart sale was far from being a hit. The sale went live at 8.00 am but the website crashed due to heavy demand. A large number of consumers complained of not getting order confirmations even after making payments. Some say they were not able to see items they...
  • Has e-commerce hit the business of traditional retailers? October 6, 2014

    Discounts are perhaps not new for e-commerce giants. But now they've taken it to the next level with prices hitting a rock bottom. These websites have hit the business of traditional retailers. Shylaja Varma checks out how e-commerce is burning a hole in their pockets and what the customer really...
  • Jobs galore in e-Commerce space; 1.5 lakh jobs likely in 2-3 years October 5, 2014

    New Delhi: Its raining jobs in the e-commerce space as this segment could grow at 20-25 per cent over the next 2-3 years in terms of jobs, salaries and growth, which in turn could create at least 1,50,000 jobs. The current estimated size of the...
  • Amazon to sell packaged food and beverages in India from mid-October: Report October 2, 2014

    Bangalore: Online retailer Amazon.com Inc plans to sell packaged food and beverages in India from mid-October, the Economic Times reported, citing a person familiar with the matter. Amazon, which has already started accepting bookings for Coco-Cola Zero - the beverage's low-calorie variant, will eventually start selling fresh food in India, the...