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E-commerce industry seeks 6-7 months to comply with consumer protection rules
E-commerce industry associations have sought more time - at least 6-7 months to comply with the new consumer protection rules, including one that requires e-tailers to mandatorily display the ‘country of origin’ of goods.
While coronavirus keeps stores closed, eCommerce saves the day for mid-level brands
Like Da Milano, a host of small-to-medium Indian brands, ...
In-city warehousing demand may rise as e-commerce firms target same-day delivery
"Over the next 12 months, we believe in-city warehouses will...
E-commerce firm Flipkart buys Walmart's India wholesale business
Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal. Financial terms for the deal were not disclosed.
Soon, e-commerce companies will have to redress plaints in a month
"Most rules framed under the Consumer Protection Act 2019 have come into force from today (Monday). However, e-commerce rules will get notified by the end of this week, while rules on direct selling will take some more time," the Consumer Affairs Minister told reporters in a virtual press conference.
India’s e-commerce penetration will double to 11 per cent by 2024: Goldman Sachs
E-commerce is expected to register a growth of over 18% for the current year but estimates for 2021 and 2022 show a year-on-year growth rate of over 33% and 28% respectively. To compare, growth rates for the same period for the US are 17% and 19%, while it is nearly 11% for China in the next two years.
New e-commerce rules provide clarity on responsibilities of marketplaces, sellers: Industry execs
The 'Consumer Protection (E-Commerce) Rules, 2020' were notified on Thursday. It will be applicable to all electronic retailers (e-tailers) registered in India or abroad but offering goods and services to Indian consumers. Violation of the rules will attract penal action under the Consumer Protection Act, 2019.
E-commerce sales surge for food & grocery retailers in April-June quarter
Leading brick-and-mortar chains such as Reliance Retail, Spencer's Retail, More, Nature's Basket, Tata-owned Star, Big Bazaar and Easy Day strengthened their e-commerce, home delivery or launched store-on-wheels visiting apartment complexes last quarter after consumers visiting stores reduced drastically due to lockdown and restrictions on movement.
E-commerce platforms have to display country of origin on imported products: Centre to HC
The submission was made in an affidavit placed before a bench of Chief Justice D N Patel and Justice Prateek Jalan by the central government.
India e-commerce to grow 27%; Reliance to capture half of online grocery sales: Goldman
In a report titled 'Global Internet: e-commerce's steepening curve', Goldman Sachs said the COVID-19 pandemic has driven a doubling of penetration of e-commerce globally with categories such as consumer packaged goods driving as much as three years of penetration growth in three months.
Vendors face pressure on working capital as e-commerce platforms, PSUs delay tax payments
The government recently allowed e-commerce companies and public sector undertakings — which normally deduct TCS and TDS on supplies -- to file returns by August end. Since many vendors who sell goods through e-commerce platforms were setting off the TCS against their GST liability, they are facing problems now.
Samsung sees 10% India biz coming via online store by 2021-end
The company, however, did not disclose the revenue targeted via the online route. Samsung sells its products through e-commerce platforms like Flipkart and Amazon as well as brick-and-mortar stores.
E-commerce sales volumes back at pre-Covid levels
The volume jump in recent weeks was led by the significant uptick in sales of electronics, according to data from Unicommerce, a technology solutions provider for the ecommerce industry.
Not e-commerce, Amazon’s India fortunes may lie elsewhere
Its e-commerce business hogs the limelight, but the most lucrative opportunity for Amazon may be linked to its cloud computing platform.
How kirana shops have come close to technology's commerce play
Even the 25% of these shops that do have some technology touchpoint – through the use of payment services like Google Pay, Paytm or Phonepe, and procurement platforms like Udaan, Metro Cash & Carry, and others – are deeply underpenetrated, the research firm said.