Grofers loss widens to Rs 448 crores

The company had posted a net loss of Rs 258.3 crore for the year ended March 2018, as per documents filed with the Corporate Affairs Ministry and sourced by business intelligence platform Tofler. Continue Reading

Consumer Affairs Ministry proposes new rules for e-commerce platforms

E-commerce companies cannot influence prices of products being sold on their platform and must adhere to fair trade practices, as per the draft rules proposed by the Consumer Affairs Ministry. The ministry has issued draft “The Consumer Protection (e-Commerce) Rules, 2019” and sought comments on the same by 2 December. Continue Reading

Flipkart expands delivery by 80%, plans big ahead of Big Billion Day sales

The company claims that it has increased its reach to around 19,200 PIN codes from about 10,660 codes in 2018 for delivery of large appliances. It also said that it has increased delivery capacity by 14 times this year compared to last year. Continue Reading

No sector regulator for e-comm policy?

Reports have stated that the department, formerly known as the Department of Industrial Policy and Promotion (DIPP) is looking to excuse itself from setting up a sector regulator. It will however continue to include the recently updated changes in FDI policy, reports have stated. Continue Reading

Annachis Vs Amazon: Retailers take on e-tailers

A S Babu, who runs a small business, “I can certainly say our price is less when compared to what is offered online and we give the same quality. But we don’t have the financial muscle to do carpet bombing like the e-tailing giants with front-page advertisements in newspapers and television commercials. So we are taking the simple and cost-free route– social media.” Continue Reading