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Amazon invested $1.2 billion, hired 15,000 people in 2023 to tackle counterfeit, fraud

Amazon said when a customer purchases from the store, they trust they will receive an authentic product New Delhi: Online marketplace Amazon invested more than $1.2 billion and hired about 15,000 experts in 2023 to protect the brand, its sellers,...

Blinkit loss jumps 17% in 2022-23 even as sales rise

Tofler said the company incurred Rs 1,939 crore in total expenses for the fiscal year 2022-23Quick-commerce platform Blink Commerce Private Ltd reported a 17% jump in net losses to Rs 1,191 crore for the fiscal year 2022-23 compared to...

8 Best practices in e-commerce data security

Following these best practices not only protect customers but also enhance a company's reputation, fostering trust and loyalty In the digital era, the rise of e-commerce has revolutionized the way businesses operate, empowering them to reach a global customer base...

Consumers spent $6.4 billion on first day of Amazon Prime Day: Study

This represents a 5.96% growth year-over-year (YoY) for Amazon Prime Day in terms of sales New Delhi: Amazon.com Inc. generated a sale of $6.4 billion on the first day of its flagship shopping event ‘Prime Day’ in the US, according...

GST Council to clarify on TCS liability of e-commerce suppliers on ONDC

Under the GST law, every e-commerce operator is required to collect TCS at the rate of 1 per cent of the taxable value of goods/services sold through its platformNew Delhi: The Goods and Services Tax (GST) Council on July...

Amazon.in simplifies registration with an aim to digitize 10 million sellers by 2025

The new process is aimed at enabling small and medium businesses (SMBs) to register as sellers on Amazon.in using just a smartphoneNew Delhi: Amazon India has introduced a streamlined registration process with intelligent suggestions to simplify the onboarding experience...

Australian homewear brand Anko partners with Flipkart

To begin with, Anko will offer over 400 products from its catalogue, across various segments on the e-commerce platform  New Delhi: Australian homeware brand Anko has partnered with Flipkart commencing to expand its presence in the Indian market, especially in tier...
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Sebi proposes increase in application size for SME IPOs

This move follows a rise in SME (small and medium enterprises) issues, which has driven significant investor participation.New Delhi:...
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