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Homegrown e-commerce players form group

Several Indian e-commerce players, including Snapdeal, Shopclues and Urbanclap, formed an association of their own, The E-Commerce Council of India (TECI), on Wednesday to put forward the industry's views before the government besides working with other stakeholders.Fynd, Shop 101,...

Foreign e-tailers must have registered entity in country: Draft policy

E-commerce sites or apps available for download in India must have a registered business entity in the country, according to latest draft e-commerce policy, which also proposes regulation of cross-border flow of data collected by sector players in India.According...

Snapdeal bats for new FDI policy in e-commerce from Feb 1

Leading e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1."Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that marketplaces are not misused to run...

Snapdeal, Shopclues support Feb 1 deadline for e-commerce FDI rules

Smaller e-commerce players like Snapdeal and ShopClues have written to the Government opposing any move to extend the February 1, deadline for online marketplaces to comply with FDI rules, and urged that pressure for such relaxations need to be...

New norms to ensure balanced growth of e-commerce: Snapdeal

The revised Foreign Direct Investment (FDI) policy on e-commerce would ensure balanced growth of the online industry with gains for both sellers and buyers, said leading e-tailer Snapdeal on Thursday."The update to the FDI policy on e-commerce will ensure...

Snapdeal 2.0 attracts 50,000 new sellers

Snapdeal 2.0's sharp focus on offering a selection of good-quality, yet affordably priced products has found the right connect not only with buyers but also with sellers.The rapid growth in Snapdeal's business volumes has caught the attention of manufacturers,...

Snapdeal unveils ‘Brand Shield’ to help firms fight counterfeits

E-commerce major Snapdeal Monday said it has launched ‘Brand Shield’, an anti-counterfeiting programme to help brands report counterfeit products being sold on its platform. The programme has been designed based on the inputs received from various brand owners, Snapdeal...

Snapdeal trims losses to Rs 613 cr for FY18, exudes confidence on hitting profits

E-commerce firm Snapdeal has narrowed its consolidated losses substantially to Rs 613 crore for FY2017-18, as per regulatory documents.According to a PTI report: The company, which competes with larger rivals like Amazon and Flipkart, had posted a consolidated loss...

Flipkart corners more than 50 pc share in festive sale: RedSeer Consulting

Increased buying in smartphones and fashion verticals helped Walmart-backed Flipkart corner over 50 percent share during the first leg of the festive sale, according to research firm RedSeer Consulting.As per RedSeer's latest report, Flipkart had a 51 percent share,...

New buyers drive growth during Snapdeal’s Mega Diwali Sale

The reach and popularity of online sales was fully visible during Snapdeal’s 5-day Mega Diwali Sale. New buyers accounted for 38 percent of all orders placed during the sale.Snapdeal’s value-savvy positioning connected well with the target audience – more...
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