A year after the government’s all-out effort to reduce cash usage and push digital payments after the invalidation of high-value banknotes, cash transactions at e-commerce firms have already returned to pre-demonetisation levels. That’s an indication that hopes of a transformational shift toward digital payments in the aftermath of demonetisation, which caused an unprecedented cash crunch, […]
Reliance Industries chairman Mukesh Ambani is the man who has his finger on the pulse of Indian consumer. In a speech at the Economic Times Awards for Corporate Excellence recently, Ambani said when the fashion was to invest abroad, Reliance took a contrarian bet to invest Rs 3.5 lakh crore in India and that has […]
Future Group is doing what perhaps no other retailer has done ever: charging customers a cover of Rs 100-250 to enter its discount fashion format Brand Factory. The cover charge would be applicable during a five-day promotion campaign from November 22-26, when Brand Factory will charge consumers buying goods worth Rs 5,000 at maximum retail price (MRP) from its […]
AHMEDABAD: Reliance Jio, after successfully disrupting India’s telecom industry, is preparing to wade into the crowded ecommerce market leveraging its vast network and hundreds of millions of subscribers, according to two persons aware of matter. The company is working with corner stores, or ‘kiranas’, and consumer brands to create an operational model that will enable shoppers […]
Amazon.com Inc’s Chinese partner, Beijing Sinnet Technology Co, said it would purchase Amazon’s Chinese web services business for up to 2 billion yuan ($301 million), ending the US firms’s cloud-computing business in the country. Sinnet, which began operating the Amazon services in August 2016, said in a filing late on Monday the pending purchase would […]
Flipkart’s smartphone brand Billion, has launched the Billion Capture Plus smartphone, which shall be on sale from 00:00 hours or midnight of November 15. The Billion Capture Plus phone will be available in two variants – the 3GB RAM option that offers 32GB of internal storage at Rs 10,999 and 4GB RAM with 64GB at […]
Amazon.com Inc is “really close” to opening in Australia, its country manager said on Monday, as the US e-commerce juggernaut prepares to shake up an already-fragile brick-and-mortar retail sector in the world’s No. 12 economy. Image: Reuters While Amazon did not give an exact start date, the remarks from Rocco Braeuniger suggest the company will ship […]
India is a “very important” market to the Chinese e-commerce giant Alibaba in its global strategy, the chief executive officer of the company said. Alibaba. Reuters. “Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to look at,” […]
According to government’s new labelling rules, it will be mandatory for products sold on e-commerce platforms and medical devices declared as drugs like stents from next year onwards to carry retail prices and other essential information, news agency PTI reported. Amendments to the Legal Metrology (Packaged Commodities) Rules, 2011, was approved by Union Food and […]
The rumor that Amazon has set its sights on disrupting the pharmaceutical industry has gained greater currency recently, just months after the company set the grocery business on fire with its acquisition of Whole Foods, and in the midst of its widely publicized search for a second U.S. headquarters location. Amazon reportedly has taken major […]
