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Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...- Google’s $350-million Flipkart bet; Canva CEO interviewEcommerce major Flipkart has closed its nearly $1-billion funding round with Google coming on board. More on this in today’s ETtech Top 5.
- Amazon India rolls out Bazaar to sell low-cost, unbranded productsET first reported on February 21 that Amazon was onboarding sellers to list unbranded products — including apparel, watches, shoes, jewelle...
- Flipkart India logs 9% revenue growth at Rs 55,823 crore; losses widen by 42%The B2B unit’s net loss expanded by 42% to Rs 4,845.7 crore during the period under review as against Rs 3,404.3 crore in FY22. Flipkart In...
- Govt readies draft norms to counter fake reviews on sitesThe pandemic, especially, saw massive escalation of ecommerce. A report by Redseer Strategy Consultants said online sales (or gross merchan...
- Meesho served notice on non-compliance with metrology rules on country of origin, other detailsThe rule on country of origin had become a bone of contention during the India-China border tension in 2020. The department had fined Amazo...
- Amazon says Future Retail directors acting at behest of promotersThe attempt made by the independent directors of Future Retail to question Samara Capital’s term sheet shows statements are being made at t...
- Traders take on etailers at DPIIT ecommerce meetThe meeting took place at a time when the government is said to be working on finalising a draft ecommerce policy in the coming months.
- Karnataka HC dismisses Flipkart, Amazon plea to stop CCI probeEcommerce firms should not feel shy of the probe if they haven’t violated any antitrust laws, says HC
- CAIT issues Bharat Bandh call for February 26In a letter to PM Modi, the organisation called for setting up a central working group comprising senior officials, CAIT representatives an...
- Club Factory vendors ping the Reserve Bank of India over duesAn association representing over 2,000 sellers on various e-commerce platforms has formally complained to the Reserve Bank of India (RBI) o...
- Our focus remains on pure-play ecommerce: Flipkart's Kalyan KrishnamurthyKrishnamurthy said the Bengaluru-based company will deploy most of its investments and resources into winning commerce with a focus on valu...
- Govt to bring amendments to Competition law for greater regulation of etailers: FM SitharamanThe Centre on Tuesday said that it has proposed certain amendments to the Competition law for greater regulation of e-commerce platforms an...
- Competition Commission of India pitches for self-regulation of ecomm platformsThe Competition Commission of India has also advocated that e-commerce players increase in transparency in search rankings, collection and ...
- Flipkart and Amazon clock Rs 31,000 crore in festive salesThe average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from ...
- Myntra to stay independent: Walmart’s Judith McKenna to staffThe Myntra-Jabong combine has witnessed restructuring of its top deck since November 2018, leading to the departure of its CEO Ananth Naray...
- Catch me if you can: For ecommerce fraudsters it may be the end of the gameOnline fraud is growing with the increasing footprint of ecommerce. But, the founders of ThirdWatch believe that the two need not go hand i...
- Astro's Askmebazaar eyes billion-dollar valuationAstro has built a sizeable digital portfolio in India of over $200 million, of which Getit is the largest where it holds over 90% stake.
- Its all bout the front: Ecommerce cos like Flipkart, Amazon break their backs to make front page alluringFront pages are equivalent to the large display windows of a retail shop; the prettier and relevant they are, the more traffic they attract.
- Shopalyst gets Rs 13 crore in venture capital funding from Kalaari CapitalShopalyst, a 16-month-old startup founded by four veterans from Infosys and currently in beta testing phase, has raised $2 million from Kal...
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