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TREND | 19 Nov 2024

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

Business Standard

The ED has reportedly quizzed the 'top' five sellers of both firms and found that many are former employees or relatives of former associates of Amazon and Flipkart

Roy Kapur Films plans to sell up to 50% stake, seeks $50 million funding

Business Standard | 18 Nov 2024 2 more

E-Commerce

TREND | 18 Nov 2024

Decathlon inks strategic partnership with Myntra

Business Line

The brand has been ramping up its online presence and had recently inked a similar partnership with quick commerce platform, Zepto

E-Commerce

TREND | 18 Nov 2024

Amazon shifts to new office near Bengaluru airport in cost-cutting move

Business Standard

Amazon currently occupies almost 500,000 sq ft of office space at the World Trade Centre (WTC), a 30-floor building owned by Brigade Enterprises Limited

Amazon India moving headquarters in Bengaluru to save costs

livemint | 17 Nov 2024

E-Commerce

TREND | 18 Nov 2024

Biden pledges $50 mn to Amazon Fund, vows irreversible US energy progress

Business Standard

Joe Biden witnessed the devastation of drought up close as the first sitting American president to visit the Amazon rainforest on Sunday, declaring that nobody can reverse "the clean energy revolution that's underway in America" even as the incoming Trump administration is poised to scale back efforts to combat climate change. The massive Amazon region, which is about the size of Australia, stores huge amounts of the world's carbon dioxide, a greenhouse gas driving climate change. But development is rapidly depleting the world's largest tropical rainforest, and rivers are drying up. Biden said the fight against climate change has been a defining cause of his presidency -- he's pushed for cleaner air, water and energy, including legislation that marked the most substantial federal investment in history to fight global warming. But he's about to hand the nation over to Republican President-elect Donald Trump, who is highly unlikely to prioritise the Amazon or anything related to clima

Biden to be first sitting US president to visit Amazon rainforest

Business Standard | 17 Nov 2024

E-Commerce

TREND | 16 Nov 2024

Myntra's mantra for wooing Gen Z

Business Line

How Myntra uses a dedicated app and an offline Creator Fest' to reach the influencer-driven next generation of shoppers

E-Commerce

TREND | 15 Nov 2024

Starlink, Amazon stance prove satcom will compete with telcos: Reliance Jio

Business Line

Last Friday, there was heavy showdown between India's legacy telecom players and satcom providers during the Telecom Regulatory Authority of India's open house discussion regarding the process of spectrum allocation

E-Commerce

TREND | 15 Nov 2024, 08:03AM

Biden arrives in Peru for summit as world leaders brace for Donald Trump

Business Standard

President Joe Biden arrived Thursday in Peru to start his six-day visit to Latin America for the final major international summits of his presidency, even as world leaders turn their attention to what Donald Trump's return to the White House means for their countries. The visit to the Asia-Pacific Economic Cooperation summit in Peru and stops in the Amazon rainforest and at the Group of 20 leaders summit in Brazil offer Biden one of his last chances as president to meet with heads of state he's worked with over the years. But world leaders' eyes are firmly affixed on Trump. They already are burning up Trump's phone with congratulatory talks. At least one leader, South Korean President Yoon Suk Yeol, is dusting off his golf clubs, in case the chance to bond with the golf-loving Trump should present itself. White House officials insist that Biden's visits will be substantive, with talks on climate issues, global infrastructure, counternarcotic efforts and one-on-one meetings with glo

E-Commerce

TREND | 14 Nov 2024, 09:23PM

Govt starts consultations for subsidy under PM E-DRIVE, e-truck adoption

Business Standard

The Heavy Industries Ministry on Thursday started consultations with stakeholders on the Rs 500 crore subsidy outlay under the PM E-drive scheme and frame guidelines to fast-track the adoption of electric trucks. In the first meeting on Thursday, officials stressed the need for truck makers, buyers and banks to come together for a faster and smoother transition to e-trucks. The meeting was attended by representatives of the Indian Ports Association, Ashok Leyland, Tata Motors, BillionE Mobility, Olectra, Amazon, Flipkart, Switch Labs, Murugappa group Volvo Eicher, Mahindra Trucks, apart from representatives from industry associations like SIAM and ICCT. During the consultation on e-trucks, Secretary of the Heavy Industries Ministry Kamran Rizvi highlighted that the meeting marks the first-of-its-kind government initiative on e-trucks. "The e-truck phase has just begun, and India is among the 5-6 countries globally manufacturing e-trucks," Rizvi said. He also added that in line wit

E-Commerce

TREND | 14 Nov 2024, 11:49AM

CCI seeks SC intervention to streamline Amazon, Flipkart antitrust cases

Business Standard

As multiple high court cases delay its probe, the CCI now considers a Supreme Court petition to merge antitrust cases against Amazon, Flipkart, and certain other platform sellers

E-Commerce

TREND | 13 Nov 2024, 11:11PM

Quick comm captures nearly half of Kirana sales; mkt to hit $40 bn by 2030

Business Standard

As consumer preferences shift towards the convenience of last-minute grocery deliveries, quick commerce companies are outpacing traditional retailers, with 46 per cent of consumers surveyed reporting a cut in purchases from Kirana shops, a report has said. The quick commerce market size is expected to reach USD 40 billion by 2030, a jump from USD 6.1 billion in 2024, according to the report by Datum Intelligence. "Nearly half (46 per cent) of respondents report reduced spending at Kirana shops, indicating a shift in customer behavior towards quick commerce platforms," it noted. Quick commerce refers to the delivery of consumer items in 10-30 minutes. Blinkit, Zepto, Swiggy Instamart, and Flipkart Minutes are among the top quick commerce platforms in India. The quick commerce market is projected to capture approximately USD 1.28 billion of Kirana sales by 2024, accounting for 21 per cent of total sales on these platforms, the report further said. "Quick commerce's focus on speed an