Free Press Journal
  • SoftBank net jumps 49% on Flipkart, ARM stake sales

    New Delhi : Japanese conglomerate SoftBank Group on Monday said its operating profit has jumped over 49 per cent in the June quarter, helped by its sale of shares in Indian e-commerce firm Flipkart.

  • E-commerce, social media companies may have to store data locally

    The government is also thinking of tightening scrutiny of mergers in the e-commerce sector so that even small deals that potentially distort competition are compulsorily examined by the anti-trust regulator

  • Mumbai Plastic Ban: No ban on plastic packaging material used for products to sale outside state through e-commerce

    Mumbai: In a relief to e-commerce companies, plastic packaging material used for products intended for sale outside Maharashtra through e-commerce will be allowed, stated a June 30 government notification. However, plastic packaging material used for products intended for sale within Maharashtra through e-commerce shall be allowed for three months from July 1 onwards.

  • I-T to vet Flipkart-Walmart deal after it gets approval

    New Delhi : E-commerce major Flipkart has shared ‘some details’ with the I-T authorities on its $16 billion deal with US-based Walmart, but the tax department will act only after regulatory approvals have been obtained, an official said.

  • Flipkart India trims losses to Rs 244.7 cr

    New Delhi : E-commerce major Flipkart India has halved its standalone losses to Rs 244.7 crore during the 2016-17 fiscal from Rs 544.5 crore in the previous year, according to regulatory documents.

  • Making online purchases less risky

    How many of you find it most convenient to buy your groceries and vegetables online? I do. But I have also realised that I end up spending hours, sometimes, for the so-called convenience of buying from home. It takes time to compare products, sift through the different weightages and figure out whether the many ‘offers’ and discounts flashed at you are genuine or a problem.

  • India’s Growing Middle Class – Ryan Andreas, Quantified Commerce

    Life is improving at a phenomenal rate for the Indian people. A 2016 study found that, the middle class has more than doubled in size from 2004 to 2012, to 600 million people. A 2007 study from the McKinsey Global Institute, which called India a “bird of gold” because of its expanding consumer market, didn’t expect the middle class to reach nearly half the population until 2025. This should give you just some idea

  • Run! Run! Run! The Robots are coming!

    Large numbers of jobs such as the manufacture of cars on the assembly line are increasingly being done by robots. About one-half of the present day jobs may be under threat from robots. White collar jobs like those of legal research are under threat from Artificial Intelligence (AI). We cannot stop this thunderous entry of these job-eating technologies. We must focus on the positives of these technologies just as we appreciate the

  • Online consumer spends to hit $100 bn by 2020

    Mumbai : Online consumer spending is expected to grow 2.5 times to around $100 billion by 2020 led by growth in e-commerce, travel and hotel, financial services and digital media, says a report.

  • Budget 2018: All eyes on FM Arun Jaitley’s briefcase; here is what to expect

    New Delhi: The last full-fledged budget of the Narendra Modi-led government and the first one after GST rollout is much anticipated. With the day finally arriving today, speculation about Union Budget 2018 is rife across the country. Various sectors such as e-commerce, health, agriculture, education, Information Technology (IT), and manufacturing among others expect major policy initiatives which will drive growth and support development and expansion.

  • e-commerce companies reflect upon trade in 2017; determine growth in 2018

    New Delhi: 2017 witnessed a move that proved to be a fillip for the India economy. Implementation of the Goods and Services Tax (GST) on July 1, changed the advent of events in the year 2017, which proved to be positive for the markets as well as the e-commerce space.

  • E-commerce market may cross $50 billion mark in 2018: Study

    Mumbai: The digital commerce market in the country is expected to cross USD 50 billion in value by the end of 2018 from the current level of USD 38.5 billion, on the back of a growing internet population and increased online shoppers, says a recent study.

  • FSC issue opens today

    Future Supply Chain Solutions Ltd (FSC) is one of India’s largest organised third-party logistics service operators. It offers automated and IT-enabled warehousing, distribution and other logistics solutions to a wide range of customers. Company’s service offerings, warehousing infrastructure, pan-India distribution network, “hub-and-spoke” transportation model and automated technology systems support its competitive market position.

  • ‘Reliance Retail to be biggest threat to Amazon, Flipkart’

    Hyderabad : Reliance Retail will pose the biggest challenge to top e-commerce players Amazon and Flipkart next year due to its wider reach and tremendous penetration of telecom arm Jio, said an IT industry veteran. Consolidation would be the name of the game in e-commerce space next year, with small firms shutting shop, leaving fewer players in an environment of intense competition, former CFO of Infosys T V Mohandas Pai said. “In

  • SBI chief to SMEs: Opt for equity capital to drive biz, not debt

    Mumbai : State Bank chairman Arundhati Bhattacharya Friday urged small and medium enterprises (SMEs) to focus on raising funds through equity instead of debt to drive their businesses in a healthier manner. She said SMEs’ relying more on debt for their growth capital in the initial stage of their business put pressure on their balance sheets. “One of the major problems facing SMEs in our country is lack of equity. Equity capital

  • No outstanding dues to sellers: Snapdeal

    New Delhi : Refuting charges of non payment, e-commerce major Snapdeal on Thursday said it has no outstanding dues towards sellers on its platform.