Ecommerce | The Asian Age

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Roughly one-third of buyers on Alibaba.com are US-based. More than 95 per cent of sellers come from China. (Photo: PTI | Representational)

Now small US businesses can sell globally on Alibaba

The change will open up markets to US merchants in countries served by Alibaba, including India, Brazil and Canada.

24 Jul 2019 12:34 PM

“Since India’s election period has now passed, USTR officials are visiting India for relationship-building with Indian government counterparts,” a USTR spokesperson said. (Photo: Representational | PTI)

India-US trade talks to restart Friday amid few signs of a compromise

US President Donald Trump has been putting pressure on India to do more to open its markets.

11 Jul 2019 4:06 PM

Addressing members of the CII, Piyush Goyal said there are ways to resolve the problem of inadequate and expensive credit without putting a significant stress to the exchequer. (Photo: File)

Discussing with banks to provide foreign currency loans to exporters: Goyal

Government is taking steps to boost growth of economy with an aim to take it to USD 5 trillion in next 5 years, said Piyush Goyal.

21 Jun 2019 8:14 PM

Commerce and Industry Minister Piyush Goyal said in a written reply to the Rajya Sabha that a draft national e-commerce policy has been drafted and placed in public domain. (Photo: PTI)

Group constituted for resolving ecommerce issues: Piyush Goyal

The policy addresses broad areas of e-commerce ecosystem such as infra development, market places, regulatory issues among others.

21 Jun 2019 7:46 PM

Mike Pompeo arrives in New Delhi on Tuesday for talks that are aimed at laying the ground for a meeting between US President Donald Trump and Indian Prime Minister Narendra Modi later in the week at a G20 meeting in Japan. (Photo: File | AP)

Pompeo likely to calm tension with India before expected Trump-Modi talks

India is embroiled in disputes with United States over tariffs, Indian price caps on imported medical devices, most from the US.

21 Jun 2019 5:36 PM

Amazon has three fulfilment centres in Hyderabad with more than 3.2 million of storage space and two sort centres with one lakh square feet of processing capacity. (Photo: File | ANI)

Amazon opens Telangana's largest delivery centre in Hyderabad

We also have 2,500 stores which help us deliver to our customers same experience that Amazon offers, said Prakash Rochlani.

19 Jun 2019 4:29 PM

This proposal is part of the 100-day action plan prepared by the department, under the commerce and industry ministry, for the new government. (Representational Image)

DPIIT proposes national retail policy as part of its 100-day action plan

A national retail policy will be formulated to benefit 65 million small traders, an official said.

30 May 2019 3:13 PM

The deal would give Alibaba a war chest to keep investing in technology - a priority for China as growth flags and as the world’s second-largest economy faces an escalating trade spat with the United States.

Alibaba plans USD 20 billion blockbuster Hong Kong listing: Sources

The deal would be the sixth-biggest follow-on share sale ever.

28 May 2019 9:34 AM

Bharatiya Janata Party workers welcome Prime Minister Narendra Modi as he, along with BJP president Amit Shah, arrive at the party headquarters to celebrate the party’s victory in the Lok Sabha elections in New Delhi on Thursday. (Photo: AP)

Foreign investors hope India dials back policy shocks after Modi win

Protectionism concerns 'are small hurdles you have to go through', said Fairfax Financial chairman Prem Watsa.

25 May 2019 5:55 PM

It has been previously reported that Grofers valuation stood at USD 600 million.

Grofers raises USD 200 mn led by SoftBank Vision Fund for market expansion

This represents the largest primary financing round in the online grocery sector in India, Grofers said in a statement.

15 May 2019 6:14 PM

Paytm with interests in e-wallets and e-commerce has 300 million users. (Photo: Representational Image)

Citi, Paytm tie up to issue credit cards, offer 1 pc cashback on transactions

Citi is already one of the largest credit card issuers in India with over 2.7 million cards in March 2019.

15 May 2019 3:35 PM

According to sources close to the development, the investigation has been going on for almost a fortnight and some employees have also been fired.

EY probes cashback fraud at Paytm Mall, to build tech-driven prevention system

Some employees Paytm allegedly worked with third-party vendors and created fake orders to siphon off cashback offers.

13 May 2019 4:16 PM

Though, unicorns in B2B may not emerge as many as in B2C, exits are likely to happen faster due to this sound business model. The internal rate of return is also more positive.

Multi-fold increase in investments in B2B startups

The Netapp-Zinnov report also found that the newer B2B startups are mostly centered around Bengaluru, Mumbai and Delhi-NCR.

08 May 2019 6:14 AM

Amazon is fighting with Walmart’s Flipkart for market share in India, while dealing with changes in government rules. (AP Photo/ File)

Amazon's India unit sees 56 percent rise in export merchants

More than 80 pc of current export vendors were from small towns and cities, vice president of seller services Gopal Pillai said.

30 Apr 2019 5:22 PM

New affordability schemes, bank and wallet offers were successful in converting the visitors to shoppers in large numbers.

Festive sales see etailers burn $500m in discounts

An increase in the number of tier II shoppers was one of the main reasons behind the growth of festival season sales this year.

16 Oct 2018 2:40 AM

With discounts going up as high as 50%, mobile phones accounted for over 40% of all transactions on day 1.

46Lakh phones sold online in 2 days of festive sales

Meanwhile, Flipkart said on Thursday that it sold 30 lakh mobile phones in a day — the highest phones sold in a day globally.

12 Oct 2018 12:31 AM

CAIT said that the government has already issued first draft of the ecommerce policy and a group of secretaries is already in process of examining the draft.

CAIT wants policy implemented soon

Khandelwal said that the biggest concern for traders would be proposal to allow up to 49 per cent FDI.

17 Sep 2018 12:25 AM

The acquisition of Flipkart by Walmart may negatively impact the net income of the latter this fiscal and also the next, said Walmart in its recent regulatory filing. (Photo: AFP)

Flipkart acquisition may impact net income this fiscal, says Walmart

The US retail giant had last month said it completed the acquisition of 77 per cent stake in Flipkart Group.

09 Sep 2018 1:58 PM

Flipkart Launches used Goods platform

The company, however, did not disclose the deal amount.

23 Aug 2018 2:46 AM

Bajaj Finance Ltd, the lending arm of Bajaj Finserv, announced exciting offers and rewards on Bajaj Finserv EMI Store to mark its first anniversary.

Bajaj Finserv announces rewards, offers on online EMI

These offers are available for customers residing in metros and select non-metros.

06 May 2018 11:49 AM

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Mohan Guruswamy