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RUSSIAN E COMMERCE
Two phones and an app: How Russians skirt Putin's digital iron curtainSince the Kremlin ratcheted up control over the internet this year, Russians have been turning to increasingly convoluted technical solutio...- For FDI, E-comm exports must be in separate cartIndia is considering allowing FDI in inventory-based e-commerce exclusively for exports. This move aims to boost outbound shipments without...
- Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO StuglevIndian companies can fill the void left by Western firms exiting Russia. Roscongress Foundation CEO Alexander Stuglev expressed optimism ab...
- Need to find solution for long-pending mandated issues of WTO: Commerce SecretaryCommerce Secretary Sunil Barthwal emphasised the need for strengthening the multilateral trading system with the WTO, the Ministry of Comme...
- India, Russia plan mega business meet in Moscow on December 19The meet will focus on several tracks -- ‘Financial Cooperation’, ‘Cooperation in Pharmaceuticals and Healthcare’, ‘Support for Innovation ...
- Russian ecommerce firm Ozon notifies Nasdaq of delisting intentionOzon, one of Russia's top e-commerce companies, raised nearly $1 billion in an initial public offering (IPO) in late 2020, a debut that spa...
- Alibaba lays off 40% of AliExpress Russia staff amid Ukraine warA Nikkei report said it was not clear if there would be more layoffs, after some of the laid-off staff chose to leave voluntarily and a few...
- Russian consumer companies turn to India as western brands pull the plugYandex Market, involved in imports, logistics, customs clearance, storage and distribution of goods, is exploring the possibilities of sour...
- COVID-19 crisis: A shot in the arm for Russian e-commerceThe windswept region in Russia's far east, where winter temperatures can fall below minus 50 degrees Celsius (-58F), has started to boom fo...
- Russian e-retailer Ozon eyes nearly $1bn in US IPOThe online giant, which reported growth of 142 percent year-on-year in the first nine months of 2020, is aiming to capitalise on the boom i...
- Ravi Shankar Prasad asks Russia to leverage massive potential of India's digital economyRavi Prasad said India is pushing its digital economy to touch USD one trillion mark in coming 3-4 years, leading to opportunities in areas...
- Alibaba sets up $2 billion Russia venture with Kremlin helpThe Russian Direct Investment Fund will add an unspecified amount of funding in return for a 13 percent stake, while Mail.ru will hold the ...
- BRICS countries online sales nets USD 876 billion: ReportThe report was released ahead of the BRICS summit in Xiamen next week by the Ali Research Institute which is affiliated to Alibaba.
- Sistema Asia Fund leads Series B in social fashion platform WoplrThe fashion community and e-commerce platform started in 2013 pivoted from being a hyperlocal discovery platform to an influencer-led fashi...
- Big correction in markets unlikely; happy with Modi government's performance: Rakesh JhunjhunwalaAccording to him, markets expect a pickup in real economy, corporate performance and any dip in the markets is an opportunity to buy.
- Flipkart raises $210 million; will utilise funds for acquisitionsOn using the funds, CEO Bansal said Flipkart is looking at strengthening its technology and acquiring firms across areas like e-commerce, t...
- Snapdeal eyes $200 million fresh fundingat present with around Rs 2,500 crore in annual revenue, Snapdeal requires to raise more cash to keep growth intact even as its main rival ...
- Ronnie Screwvala to strike investments in e-commerce start-upsScrewvala’s new holding company Unilazer Ventures is discussing growth investments in Zovi and SherSingh , among others, said sources brief...
- India, Russia agree to double trade in three yearsIndia and Russia on Tuesday agreed to more than double their trade to 10 billion dollars by 2010, for which the two countries will consider...
- Seasame traders eye Russian business againWith rice exports to Russia taking off once again, Indian exporters have now geared up to resume exports of sesame seed to that country.
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