Ecommerce Sector
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Dark web facilitating delivery of drugs and guns right to your doorsteps. Read how
Jul 27, 2016, 06:59 PM ISTBuying a gun and a gram of cocaine could never have been easier. E-commerce websites operating in the dark web have made their availability convenient and secure. According to a report by ET, marketplaces in
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106 websites including Snapdeal, Amazon, Quikr running illegal wildlife trade, says govt
Jul 18, 2016, 06:11 PM ISTNew Delhi: The government today has announced that e-commerce majors like quikr, olx, eBay, amazon among other popular websites are running illegal wildlife trade of rare animals and their body parts. Environment Minister Anil Madhav
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Snapdeal tweaks seller policies, junks ‘no questions asked’ returns
Jul 13, 2016, 03:01 PM ISTNew Delhi: E-commerce giant Snapdeal has tweaked its return policies for electronic items, which will now make it difficult for customers to return them. As per the new policy introduced by Snapdeal, buyers will now
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Myntra buys mobile app startup Cubeit to strengthen its technology team
Jul 13, 2016, 01:16 PM ISTNew Delhi: Myntra, one of the leading fashion e-tailer has acquired mobile app developer startup Cubeit to strengthen its technology team. Myntra said in a statement said, “As part of the acquisition, Cubeit team has
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'Buy now, pay later’: Flipkart eyes sweeping changes for crucial 'Big Billion Day' sale in October
Jul 05, 2016, 12:41 PM ISTNew Delhi: Gearing up for its third annual flagship sales event in October this year, Flipkart, India's largest online marketplace, is in plans to bring about several changes to its deliveries and customer service. The
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Flipkart delivery boy held for replacing 12 iPhones with lookalikes worth Rs 5 lakh
Jul 04, 2016, 05:15 PM ISTNew Delhi: A Chennai-based 21-year-old delivery boy working for Flipkart has been arrested on charges of replacing 12 iPhones from his delivery packages with fake handsets. According to reports by The New India Express,
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Grofers cancels joining letters of 67 students, lays off 10 per cent of its employees
Jun 30, 2016, 03:40 PM ISTNew Delhi: Weeks after ecommerce giant Flipkart delayed joining dates of students, grocery delivery start-up Grofers has gone one step further and has cancelled the joining letters of 67 students. The company, funded by Softbank
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Amazon unveils Inspire, an online education service for teachers
Jun 28, 2016, 11:38 AM ISTNew Delhi: Amazon has its foot on everything, be it cloud-computing, device manufacturing, voice-driven AI or drone-delivery. In another step forward, the e-commerce giant has now set its eyes on the education technology market for
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Flipkart shuts down image search and chat-based Ping in less than a year
Jun 21, 2016, 10:33 AM ISTNew Delhi: India’s largest e-commerce major Flipkart has pulled the plug on Ping feature. This social shopping feature allowed buyers to chat with sellers and other users. The decision to roll back Ping comes
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Amazon, Flipkart, Snapdeal ranked as the top 3 seller sites: Report
Jun 13, 2016, 03:57 PM ISTNew Delhi: Amazon was ranked as the most preferred e-commerce websites among sellers, which is followed by Flipkart and Snapdeal. According to a study by Nielsen for the January-March quarter, almost 1,184 online sellers were
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Indian e-commerce players to witness tough competition in next 2-3 years: Mohandas Pai
Jun 08, 2016, 06:59 PM ISTNew Delhi: India's e-commerce players will witness tough competition in the next one to two years, and a section of them includes biggies may shut shop unless they create a sustainable business model, says tech
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SoftBank to sell part of stake in China's Alibaba for 500 billion rupees
Jun 01, 2016, 10:51 AM ISTTokyo: Japanese mobile carrier SoftBank today said it will sell at least USD 7.9 billion (Rs. 500 billion approx.) of its stake in Chinese e-commerce giant Alibaba, as it looks to pay down a whopping
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India's e-commerce industry to become a Rs. 3,300 cr business in 10 years
May 30, 2016, 11:31 AM ISTTokyo: Son, who had previously predicted that India's e-commerce industry would become a USD 500 billion (3,300 cr approx) business in the next 10 years, is confident that it will grow exponentially. "And it
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More trouble for Flipkart, Morgan Stanley marks down co’s valuation by 15.5 pc
May 27, 2016, 05:23 PM ISTNew Delhi: In the latest in what appears to be a series of troubles for India’s biggest e-commerce giant, Morgan Stanley, a mutual fund investor in Flipkart, has marked down the company shares by 15.5
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From pickup zones to your local kirana store: How Flipkart is revamping last-mile delivery
May 13, 2016, 01:48 PM ISTNew Delhi: Last mile delivery has emerged as a major focus area for e-commerce giant Flipkart and there are various measures that the company has introduced in this direction, including setting up of experience centres
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Amazon to challenge Google with a YouTube-like video service
May 11, 2016, 04:04 PM ISTNew Delhi: With an apparent view to compete with Google’s popular online video platform YouTube, e-commerce major Amazon has launched a new service that will allow users to post videos. Amazon Video Direct will make
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Indian e-commerce fastest growing market in the world: ASSOCHAM-Forrester
May 10, 2016, 05:26 PM ISTNew Delhi: India's e-commerce revenue is expected to jump from USD 30 billion (approx Rs 1,450 billion) in 2016 to USD 120 billion (approx Rs 8 lakh crore) in 2020, growing at an annual rate
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Zomato founder Deepinder Goyal rejects 50 per cent cut in valuation
May 10, 2016, 02:55 PM ISTNew Delhi: Disapproving claims made by HSBC's brokerage arm which slashed Zomato's $1-billion valuation by 50 per cent, the company's founder Deepinder Goyal said that it was unjustified. He refused to accept HSBC’s claim that
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ShopClues launches low-cost laptop at Rs. 10,999
Apr 14, 2016, 05:33 PM ISTNew Delhi: E-commerce platform ShopClues on Thursday launched its detachable "Penta T-Pad" laptop at an affordable price of Rs.10,999. The laptop has a functionality of both a tablet and laptop and is targeted for
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Flipkart loses prized catch from Google, Punit Soni calls it quits
Apr 14, 2016, 03:20 PM ISTNew Delhi: Precisely a year after Flipkart hired the high-profile Google executive from Silicon Valley, Chief product executive at the e-commerce giant, Punit Soni, has resigned from the company. This is the latest in the