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Amazon unveils its first ‘Digital Kendra’ in Surat

Amazon sets up its first 'Digital Kendra' in Surat. This Thursday Amazon launched its first 'Digital Kendra' in Surat, Gujarat, as part of its commitment to digitise 10 million Indian micro, small and medium enterprises by 2025. Amazon Digital...

European e-commerce revenue to hit $465B in 2021, a 30% jump amid the pandemic

The COVID-19-led boom in online sales has caused an impressive growth of the European e-commerce market, both in terms of revenue and the number of users. As millions of people continue switching from brick-and-mortar shops to webshops, Europe's e-commerce...

Nykaa Fashion acquires fashion jewellery label Pipa Bella to strengthen private label portfolio

Nykaa Fashion, the multi-brand fashion e-commerce platform, announced the acquisition of the progressive and trendy online jewellery brand Pipa Bella. With Pipa Bella, Nykaa Fashion aims to expand its jewellery category to offer hip fashion jewellery and accessories to women in...

E-commerce boom reveals shortcomings of local payment methods in emerging economies

One year into the COVID-19 pandemic saw a tremendous expansion of cross-border e-commerce as consumers continue to seek products and brands unavailable in their home country. The virus outbreak played a key role in increasing the number of the e-commerce users with 57%...

Some e-commerce firms violated FDI norms, as per complaints to Govt: Piyush Goyal

The government has received complaints against certain e-commerce companies alleging violation of foreign direct investment (FDI) policy and necessary actions have been taken for investigation by the Enforcement Directorate, Parliament was informed on Wednesday. In a written reply to...

Draft E-Commerce Policy: Conformity assessment procedures to be put in place

Conformity assessment procedures will be put in place to verify that goods and services sold on e-commerce platforms meet required standards and technical regulations, according to the draft e-commerce policy. The policy, which is under discussion, also stated that actions and things...

India’s e-commerce market projected to grow to $111 billion by 2024: Report

India's e-commerce market is poised to grow by 84 per cent to $111 billion by 2024 on the back of accelerated adoption of digital technologies amid the Covid-19 pandemic, a report by fintech firm FIS said on Wednesday. The report noted that countries, including India,...

COVID-19 to drive e-commerce growth in Australia at 10.3% CAGR through 2024

The e-commerce market in Australia has been on a high growth curve during the past few years. The COVID-19 outbreak is further set to drive the e-commerce sales in the country at a compound annual growth rate (CAGR) of...

E-commerce order volume in India clocks 36% growth in 2020 Q4

The last quarter of 2020 saw e-commerce order volume growing by 36 percent in India with Personal care, Beauty, and Wellness (PCB&W) segment being the biggest beneficiary, according to a report. In October to December 2020 period, PCB&W and FMCG...

E-tailing to reach $140B GMV and 11% of retail by 2025: Report

Among all the sectors which was impacted by Covid, e-commerce showed the most resilience and recovered strongly after the pandemic. More fundamentally, consumer perception and behaviour changed toward retail and many newer facets of the industry started strongly growing...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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