NEW DELHI: Starting June 3, the electronic way bill (e-way bill) mechanism for transport of goods will be followed across India.
BENGALURU: Amazon India has once again brought changes to its seller fees as it looks to take on Flipkart in several categories, also pointing to a trend of frequent changes in seller commissions by ecommercecompanies. The global ecommerce company has lowered seller fees in categories such as furniture and luggage where Flipkart has sharpened its focus, as both look to get aggressive in these categories and want to push sellers to offer lower-priced products.
And with Walmart now taking on Amazon Inc in India with its $16 billion purchase of the homegrown online retailer Flipkart, India's e-commerce wars are likely to pivot more toward private label brands.
Up until now, the battle has more often been fought through flash sales of discounted electronics but the losses in that game are unsustainably large.
According to data from Grant Thornton, 21 deals worth USD 2,112 million were seen in 2017 with participation from players like Paytm and Flipkart.
India tops the list of the fastest growing economies in the world for the coming decade and is projected to grow at 7.9 per cent annually, ahead of China and the US, according to a Harvard University report.
BigBasket does not require additional funds immediately, it wants fresh capital because the grocery business will likely be a priority for both Walmart and Amazon
India’s biggest tax reform is now a reality. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.
Amazon.com Inc., the world’s largest online retail firm, had not even started seriously evaluating the Indian consumer Internet story, let alone invest in it. Walmart Inc. had just opened its first wholesale store in India in partnership with Bharti Enterprises, and was still plotting its strategy to open supermarket stores once the South Asian nation allowed foreign investment in retail.
Tencent Holdings, the world’s fifth-largest Internet company and the operator of the WeChat messaging platform, is actively scouring for early-stage bets in India, as the social media giant looks to transport its hugely successful strategy from China.