Government shown way to Amazon's FDI in food retail...
16 Jun 2017 Published by Rahul Verma 342 Views

The announcement by Food Processing Minister Harsimrat Kaur Badal cleared Amazon's proposed USD 500 million investment in retail of food products in India."There was some delay due to abolition of FIPB. It (Amazon's proposal) will soon be cleared," Badal, as reported TOI.With the abolition of the Foreign Investment Promotion Board (FIPB), the Amazon's proposal will now be vetted by the Department of Industrial Policy and Promotion (DIPP) under the Commerce Ministry.Badal pointed out that more in..

Spencer’s forays into grocery e-commerce in NCR and Kolkata...
22 Nov 2016 Published by Rahul Verma 853 Views

Leading retailer Spencer's is ready to own its food and grocery ecommerce venture in the national capital region (NCR) and Kolkata. It also has talks with three leading marketplaces including Amazon to list as a seller reports ET. The country’s fourth largest food and grocery retailer with 37 hypermarkets and 12 supermarkets will soon scale up the ecommerce venture in the South in another six cities, said Shashwat Goenka who heads the retail business (Spencer’s Retail) of  RP Sanji..

Herbal Care brand Himalaya to bank upon e-com biz, targets Rs 100 crore by 2018...
25 Jul 2016 Published by Rahul Verma 532 Views

The trusted herbal health and personal care firm Himalaya Drug Company plans to further boost up its online business and aims a revenue of Rs 100 crore by 2018."We started selling our products on the e-commerce portals including Amazon, Snapdeal and Flipkart last year and sales through this channel saw a 123 per cent jump," Ganesh Ramaswamy, Senior Manager, Digital Wing at Himalaya, as told to PTI.The online sales are growing at 70 per cent per year, and expecting it to touch Rs 100 crore by 201..

Amazon is the savior of Indian e commerce, invests $200 m to paddle growth cycle ...
02 Jun 2016 Published by Rahul Verma 386 Views

Trendsetter Amazon* Amazon began its India operations by allowing buyers to pay by cash, a novelty for it, and recently has leveraged neighbourhood stores for delivery of goods.* Has picked up 26% stake in Tata Group-owned publishing house Westland and acquired a Noida-based online payments company.* It has introduced a slew of initiatives for merchants including Amazon-Tatkal, so small businesses can get online in under 60 minutes.The growing e commerce market is likely to touch USD 38 b this y..

Flipkart introduces online wallet Flipkart Money...
05 Mar 2016 Published by Rahul Verma 153 Views

To take on rivals like Freecharge and PayTM, online marketplace Flipkart is taking rout of digital wallet for payments. The 'Flipkart Money' could help it avoid costs related to handling cash on product returns and offering users a new mode of payment. Flipkart Money will take on online wallet sources Paytm, Freecharge and MobiKwik, to help users with cashbacks and discounts. The users have freedom of Rs 25,000 a month using their credit cards, debit cards or via net banking. Ca..

Valentine’s Day Special: E-tailors to Blossom the Day of Love...
13 Feb 2016 Published by Rahul Verma 220 Views

--- Valentine's Day market in India may cross Rs 22,000 cr ... --- Valentine's Week this year will be 40 per cent higher than last year, which was about Rs 16,000 cr in 2014…   Every year on 14th February, people exchange cards, flowers, gifts to greet their special ‘Valentine’. The Valentine’s Day is celebrated around the world in the reminiscence of Saint Valentine and growing e commerce marketplace loving it. According to  The Associated Chambers of C..


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