E COMMERCE BEHEMOTHS
Why Mukesh Ambani can't ignore a new consumer habit
Reliance Industries (RIL) chairman Mukesh Ambani is expanding the company's retail empire to include quick commerce services through JioMart. This move aims to compete with players like Blinkit and BigBasket, leveraging Reliance's extensive reach and resources. The shift towards quick commerce reflects changing consumer habits, favoring convenience and instant deliveries.
eBay to slash 1000 jobs, scale back contracts
The job cuts follow a wave of U.S. tech layoffs after the industry hired heavily during the pandemic, including among behemoths such as Amazon and Google.
eBay to slash 1,000 jobs, scale back contracts
The job cuts follow a wave of US tech layoffs after the industry hired heavily during the pandemic, including among behemoths such as Amazon and Google.
India & Dubai driving innovation, fueled by the ‘hungriest people’ for change: DHL's Amadou Diallo
India and Dubai are spearheading logistics innovations, and both are set to play pivotal roles in shaping tomorrow’s logistics innovations, says Amadou Diallo, CEO of DHL Global Forwarding, Middle East & Africa, DHL Group.
Amazon sued in US over allegations it inflates online prices and overcharges sellers
US regulators and 17 states have filed a lawsuit against Amazon, accusing the e-commerce giant of abusing its market position to inflate prices and stifle competition. The lawsuit alleges that Amazon engages in anti-competitive practices by discouraging sellers from offering lower prices on other platforms, charging high fees, and favoring its own products over others.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While Nifty might be correcting from its recently formed new highs, the broader market continues in bullish mode making analysts bullish on select large cap stocks. Making to the list are companies from different sectors, right from an insurance provider to private banks to new age companies. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
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These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While Nifty might be correcting from its recently formed new highs, the broader market continues in bullish mode making analysts bullish on select large cap stocks. Making to the list are companies from different sectors, right from an insurance provider to banks to new age companies. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Why, Maersk, a global shipping giant is getting into the last-mile delivery business in India
AP Moller-Maersk runs some of the largest container ships in the world. In June, the company announced it was entering the last-mile e-commerce logistics market in India. What does a global shipping giant hope to achieve by delivering parcels to places like Ratnagiri and Guwahati?
Stocks in news: Hindalco, Nykaa, LIC, Mahindra CIE, Vodafone Idea, Zee Entertainment
Hindalco Industries posted a 48% fall in its standalone net profit at Rs 832 crore for the quarter ended March. Revenue from operations during the quarter increased 5% to Rs 19,995 crore.
An Indian biryani won’t democratize e-commerce: Will bringing local bazaars under ONDC work?
Restaurant-delivery platforms are already worried about Infosys Ltd. Chairman Nandan Nilekani’s newest foray into public-policy evangelism: Open Network Digital Commerce. But it isn’t just food or groceries. An unbundling of e-commerce in India could upend billions of dollars of investment.
ONDC to provide opportunities for innovation, growth for startups, ecommerce ecosystem players: CEO T Koshy
Ushering in an era of open-source network for digital commerce, ONDC chief Thampy Koshy lays out the blueprint for revolutionising the Indian ecommerce landscape, one where buyers and sellers enjoy equal opportunity. At ET India Rising, powered by Visa, Koshy maps out the road ahead for India’s ONDC and the opportunities it presents for ecosystem players and startups to innovate and grow.
Government will soon roll out ONDC to the public after testing in select cities
These are locations where ONDC has started doing live transactions, albeit with invited users. It is not open to the public yet.
Amazon launches Smart Commerce to help offline stores set up digital storefronts
This is similar to what Canada's Shopify does, wherein it lets small and medium businesses set up online stores and plug into various marketplaces and platforms such as Facebook.
Amazon acquires reseller platform Glowroad in social commerce push
Amazon has acquired the startup in an all-cash deal, a person aware of the matter said. This is the first inorganic bet that Amazon is taking on the so-called social commerce space where sellers use platforms like Whatsapp and Facebook to sell their wares.
WhatsApp Payments: Can it be a big game-changer in the evolution of payments?
From Kirana stores to high-end malls, cab hailing services, online food-ordering and even travel apps, UPI-enabled mobile payments are becoming the new normal, in this post-pandemic world.
Flipkart joins live commerce rush driven by influencers
Flipkart is betting big on live commerce and also actively conducting live shopping streams on its app with social media influencers.
Exclusive: Google in talks to back social commerce startup Meesho
Google’s latest investment will take Meesho’s total funding to over $900 million so far this year, including $300 million that it raised from SoftBank Vision Fund II in April. The social commerce platform's valuation would rise to $4.9 billion after this.
NFTs: Blending commerce and metaverse
NFTs have become a cynosure of all eyes. Artists, singers and even sportspersons are moving into this space. Football legend Messi has jumped on to the NFT bandwagon by launching NFT crypto art collection – ‘Messiverse’.
Received complaints on e-commerce behemoths flouting FDI policy: Govt to Parliament
He said the government has received complaints from trader and industry associations against marketplace e-commerce entities alleging violation of the FDI Policy on e-commerce sector. As per the extant FDI Policy on e-commerce sector, ecommerce entities are permitted to engage only in Business to Business (B2B) e-commerce and not in Business to Consumer (B2C) e-commerce.
Flipkart raises $3.6 billion, valuation jumps to $37.6 billion
Canada's CPPIB, Singapore's GIC, SoftBank and Walmart lead new round
Amazon blocked 10 billion listings in counterfeit crackdown
Amazon says the number of counterfeiters attempting to sell on the site rose as scammers tried to take advantage of shoppers who were buying more online during the pandemic.
China's antitrust regulator bulking up as crackdown on behemoths widens
Beijing's plan to bulk up the State Administration for Market Regulation (SAMR) comes as China revamps its competition law with proposed amendments including a sharp increase in fines and expanded criteria for judging a company's control of a market.
Amazon's India goals aligned to government's digital priorities, says Amit Agarwal
Amazon said more than 4,100 businesses did sales worth over Rs 1 crore each last year, translating to at least Rs 4,000 crore from small sellers on its platform.
Consequences of delaying the Future-Reliance deal will be "far greater", says Future Retail
The court was hearing Future Retail's plea against its single judge order directing the company to maintain status quo on its Rs 24,713 crore deal with Reliance Retail, which has been objected to by US-based e-commerce giant Amazon.
Biden regime may engage on equalisation levy, but India stance to remain unchanged, say experts
The US had launched a Section 301 probe on EU, India, UK and Brazil in June to determine whether the levy discriminates against American e-commerce companies, however India has responded strongly to the allegations saying it was taxing all foreign ecommerce companies operating in India, not just US companies.
TikTok parent, ByteDance, hits $3 billion in net profit last year
ByteDance, led by Zhang Yiming, is becoming a viable rival to the dominant American online behemoths, Facebook Inc. and Alphabet Inc. Facebook unit Instagram brought in about $20 billion in advertising revenue in 2019.
Why entrepreneurs are wary of the new draft e-commerce policy
Entrepreneurs say draft e-commerce policy appears to take protectionist approach and deters global investors.
Restaurants seek clarity on E-commerce FDI rule tweak
Restaurants want to know if aggregators like Zomato, Swiggy and UberEats are covered under the new FDI rule.
Inside India's e-commerce battle royale
As Flipkart and Amazon fight for top honor during their big annual sales events, the stakes are sky high.
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