Why Nykaa stock is up despite 70% fall in Q4 profit
The profit before tax and revenue from operations of the fashion e-retailer rose 48% and 34% YoY, respectively.
e commerce
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PhonePe rings in ONDC with ‘Pincode’
A new hyperlocal app on the network begins its pilot in Bengaluru, aims 1,00,000 orders a day by the end of the year.
Dunzo, Blinkit, Zepto new distribution platforms for FMCG majors
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.
Govt issues guidelines to curb fake reviews online: 10 points
The standards will initially be voluntary for compliance by all e-commerce platforms.
E-commerce sales grow 25% during festive season: Report
While e-taliers sold goods worth ₹76,000 crore during the festive month, it was lower than Redseer's pre-sale estimate of ₹83,000 crore.
Aditya Birla Group partners Galeries Lafayette to open luxury department stores in India
Aditya Birla Fashion and Retail has teamed up with France’s Galeries Lafayette to open luxury department stores and a dedicated e-commerce platform in India
Amazon announces layoffs, says some roles will not be required
The company, however, has not confirmed the numbers of sacked employees.
Flipkart launches metaverse shopping experience Flipverse
Flipverse will be available on Flipkart's newly launched platform, FireDrops, which can be accessed from the e-commerce platform's app.
India's e-tail market to grow by $110-130 bn in 6 years: Bain
Shopper addition will continue to be at the heart of future e-retail growth. India's online shopper base is estimated to increase to 400-450 million by 2027, say analysts at the firm.
Making a dent in fashion, grocery top priority for new Amazon India CEO
Manish Tiwary believes e-commerce is barely 3%-4% of organised retail and a lot needs to be done to grow the market.
