Nykaa Q4FY24 PAT grows to Rs 9 crore; revenue jumps 28%
Mumbai: FSN E-Commerce Ventures, the owner of personal care (BPC) firm Nykaa, reported a rise in its Q4FY24 net profit of Rs 9 crore, growing more than four times from Rs 2 crore the same period last year.
Amazon injects Rs 1,660 cr into its Indian marketplace unit
Mumbai: Amazon Seller Services' US parent company has injected a new equity investment of Rs 1,660 crore ($199 million) into the firm that operates Amazon's marketplace in India, according to a regulatory filing.
Break-even for Meesho in Q3FY24 as profit dropped sequentially: Report
Mumbai: E-commerce company Meesho reported a no-proft-no-loss performance in Q3FY24, compared to the previous quarter, media reported.
Myntra appoints Venu Nair as Chief of Strategic Partnerships and Omnichannel
Mumbai: Myntra has named Venu Nair as its Chief of Strategic Partnerships and Omnichannel, media reports said.
Republic Day sales 18.7% higher than last year
New Delhi: E-commerce order item volume increased by 18.7%, during the Republic Day sale in 2024, as compared to last year's sale period. Unicommerce, according to an analysis.
E-commerce exports may touch $200 billion in 6-7 years: DGFT
New Delhi: The Indian e-commerce export sector has the potential to touch $200 billion in next six to seven years, a top government official said on Friday
Amazon targets $20 billion merchandise export from India by 2025
Amazon aims to achieve $20 billion in merchandise exports from India by 2025, Reuters reported, citing a company official.
Zomato records Rs 36 cr Q2FY24 net profit
Mumbai: Online food delivery platform Zomato continued its impressive performance in the second quarter of FY24, recording a profit of Rs 36 crore
GST Payment for E-Commerce Businesses: Challenges and Solutions
In the realm of e-commerce, GST Payment represents a significant aspect that businesses need to handle efficiently. The introduction of the Goods and Services Tax (GST) in India marked a revolutionary tax reform aiming to subsume multiple indirect taxes into a unified system. However, for e-commerce businesses, it has brought along its own set of challenges. This article will dive deep into these challenges and introduce you to feasible solutions to significantly ease the process.
Myntra witnesses 50% YoY growth in home category
Mumbai: The home category at e-commerce platform Myntra witnessed a 50% year-on-year surge in demand, ET reported.
New Delhi: One District One Product (ODOP) identified products will be listed on the e-commerce platform, Groyyo, under several categories such as home textiles, home décor etc.
Flipkart partners with Axis Bank to facilitate personal loans for customers
Bengaluru: E-commerce marketplace Flipkart has entered into a strategic partnership with private sector lender Axis Bank to facilitate personal loans for its valued customers, adding additional convenience and enhanced benefits to its 450 million customers.
Despite reduced growth rates compared to the initial pandemic period, the forecast for global e-commerce remains bullish. According to the FIS Global Payments Report 2023, the explosive growth in global e-commerce in the first two years of the pandemic has slightly slowed in 2022, with a 10% YoY growth in global e-commerce transaction value from 2021-2022.
YouTube's first-ever shopping channel to hit the South Korean market: Report
Seoul: YouTube is set to launch its first-ever shopping channel for live commerce in South Korea on June 30, Reuters reported citing Yonhap news agency.
ONDC aims for 100,000 daily order volume in next few months: Report
New Delhi: Open Network for Digital Commerce (ONDC) is targeting a daily order volume of 100,000 in the retail segment in the coming months, Moneycontrol reported.