Grofers to enter FMCG segment; eyes Rs 2,500 cr sales in FY19

Jul 17 2018

Online grocery firm Grofers today said it is entering the FMCG segment and is targeting an overall revenue of Rs 2,500 crore by FY19.

Office space leasing up 10% in Jan-June 2018; co-working gaining momentum: CBRE

Jul 16 2018

Office space leasing increased by 10 per cent to over 20 million sq ft in the first six months this year, driven by higher demand from e-commerce companies and co-working operators, according to property consultant CBRE.

IFFCO launches e-commerce platform for farmers; eyes USD 5 bn sales in 2 years

Jul 15 2018

Fertiliser major IFFCO has partnered with Singapore-based technology firm iMandi to start an e-commerce platform for farmers with an investment of about Rs 80 crore.

India in process of framing rules to regulate e-commerce: Paswan

Jul 11 2018

India is in the process of framing rules to regulate the e-commerce sector, which is expected to touch USD 120 billion by 2020, Food and Consumer Affairs Minister Ram Vilas Paswan said.

Commerce Secretary chairs first meet of task force on e-commerce policy

Jul 06 2018

Rita Teaotia chaired the first meeting of the task force set up to recommend the framework for a national policy on e-commerce and deliberated upon issues such as cross-border data flows, taxation, trade facilitation and logistics, consumer confidence, IPR and future tech, FDI and competition.

Google to invest $550 million in Chinese e-commerce giant

Jun 18 2018

Google will invest $550 million in China’s, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including

Traders to protest against Walmart-Flipkart deal on July 2

Jun 11 2018

CAIT said it will hold protests at 1,000 places across the country on July 2 against Walmart's proposed acquisition of 77 per cent stake in home-grown retailer Flipkart in a USD 16 billion deal.

Deutsche Post CEO says has 'ideas' for leadership of parcel ops

Jun 08 2018

Deutsche Post DHL (DPWGn.DE) Chief Executive Frank Appel said he had “some ideas” for the future leadership of the group’s Post - eCommerce - Parcel (PeP) division but declined to provide details.

Walmart expects to close Flipkart deal by the end of 2018

Jun 05 2018

Walmart, the US retail giant which signed an agreement in May this year to acquire 77 percent stake in Flipkart, expects to close the deal before the end of current calendar year.

Walmart-Flipkart deal to endanger jobs, small businesses

Jun 04 2018

Over 100 trader organisations today opposed the USD 16-billion Walmart-Flipkart deal stating it would cause "irreversible damage" to small traders and endanger jobs for thousands.

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