DP2Web

India Post has been connected with e-business in India since the start of this idea. In 241 years of its presence the Department of Posts has possessed the capacity to set up in excess of 1.5 lakh post offices, covering greatest number of pin codes than any logistics organization, and hence turning into a closest companion for the Indian Internet retailers. However this is somewhat evolving now, the Government worked system is soon going to launch its own e-trade marketplace. In a report by ET John Samuel, a part of Postal Services Board, said that India Post will be launching an Amazon and ebay like online store, which would be an overseen marketplace with solid look out for of who can sell and who can not. An accentuation would be made on selling of indigenous items like Darjeeling Tea, Kashmiri Saffron and so forth. "In one hand we have Rs 4909 crore worth the trouble related foundation modernization plan and then again, we are spending an alternate Rs 2000 crore to have new...

Retail ecommerce sales in India are required to grow by 45 per cent to $760 crores in the not so distant future, research firm emarketer said. The country had seen retail ecommerce sales of $5.3 billion last year, as indicated by emarketer estimates of digital and block and-mortar retail sales far and wide. Retail ecommerce sales, including all items requested over the Internet aside from travel, will grow 45.2 per cent to $760 crores in the not so distant future, it included. ecommerce has taken India by a storm and can possibly grow further with the Indian government, firms and financial specialists attempting to gain by its ubiquity. Last year saw huge financial specialists from India and abroad putting their cash on different e-business ventures, which got funds to the tune of $3 billion from people, organizations and private equity firms. The industry players anticipate that the fund inflows will proceed with, or may be get stronger in 2015 too. A report by consulting firm Tech...

A warehouse worked by India's biggest e-business company Flipkart in Ghaziabad has gone under the scanner of the Commercial Taxes Dept. of Uttar Pradesh, which has slapped a penalty of Rs 13.8 lakh on the company, blaming it for non-compliance with the rules identified with import of goods. "Two trucks were bringing shoes from outside Uttar Pradesh for the Dasna-based warehouse of Flipkart. On the other hand, they were convey a bigger number of goods than they had declared. Likewise, we discovered a blank Form 38 with them, which is an issue of non-compliance," said an official of the raid team. Form 38 – Whenever one company sends products and merchandise starting with one state then onto the next, an appropriately filled Form 38 should be sent with the goods. The authority discovered 171 sets of shoes in the truck that were undeclared. As per an alternate report, goods worth INR 47 Lakh have been seized by the powers. The authority further included that the office h...

Indian ecommerce industry is all situated to witness some major firecrackers as industry biggies: Amazon and Alibaba are in a major acquisition mode. According to reports rolling in from different sources, Amazon is crawling towards procuring Jabong and Alibaba is viewing Snapdeal nearly, and an arrangement might leap forward whenever now. Amazon-Jabong On the off chance that this Amazon chooses to acquire Jabong (and appears chances are high), Indian Ecommerce will witness its greatest acquisition till date. Sources are letting us know that the first level of talks in the middle of Amazon and Jabong is presently over, and management groups from both the portals are encircling out the details. According to insiders, this first level of talk had happened short of what a week prior. In spite of the fact that Indian FDI laws doesn't allow investments in Jabong, henceforth its an inventory based ecommerce model, though Amazon India is fundamentally a marketplace. Fashion i...

While the speculations have been going ahead in the media from over a month now around Amazon securing Rocket Internet upheld Jabong, the same may be working out soon. In October, distributers like Firstpost , ET , Trak and so on reported that the two firms may be shaking hands, however in a late development it has surfaced that the first phase of talks for Amazon to secure Jabong have been finished. Also Amazon would obtain the organization in a deal sum worth USD 1-1.2 Billion. Jabong is a piece of Rocket Internet's Big Foot Retail (Family of Jabong, Dafiti, Lamoda, Namshi and Zalora), henceforth the billion dollar deal may include these other global retailers as well. A source with the knowledge relating to this matter told Vccircle that post acquisition, Amazon would keep Jabong as an issue substance. Jabong is an inventory based e-tailer, where FDI in not permitted, and the structure of the deal hasn't been uncovered Amid January-June 2014 period, Jabong reported Gross...

After Ratan Tata's late ventures in e-commerce, Kumar Mangalam Birla, chairman of the USD 40 billion Aditya Birla group, is looking to enter into Indian e-commerce market with plans to either procure e-retailers or to launch another remain solitary e-commerce venture. As Bloomberg reported , He declined to uncover more insights about his e-commerce plans be that as it may, the group is taking a gander at numerous business verticals rather than concentrates on a particular one. "There's a considerable measure of ground for new ventures in e-commerce," he said. "I am not saying that we can take an Amazon head-on. However there are a ton of green spaces." Birla joins the association of disconnected from the net business tycoons like Ratan Tata and Mukesh Ambani, who are discovering the online pastures green. Birla is additionally searching for speculators in his current blocks and-mortar retail businesses, which incorporate the "More" chain of supe...

Worldwide online food delivery marketplaces Foodpanda and Delivery Hero on Monday proclaimed a series of partitioned securing deals. The two have gained companies possessed by the other in India, Mexico, and five Latin American nations. Foodpanda assumed control Tastykhana in India, augmenting its position in food delivery markets around the world. Tastykhana will remain a free brand. Together, Foodpanda and Tastykhana will partner with in excess of 10,000 restaurants in India, covering in excess of 173 cities. Foodpanda additionally procured the Mexican food delivery organizations Pedidosya, Semeantoja and Superantojo and targets market initiative in Mexico. The group has been operating in the Mexican market including Argentina, Chile, Colombia, Ecuador and Peru since December 2012 under the hellofood brand . After the acquisitions, Mexican clients in 10 cities will have the choice from in excess of 2,500 restaurants. Delivery Hero gained the Hellofood organizations in Argentina, C...

In the wake of getting a few complaints against online retailers in India for claimed unfair practices, the consumer affairs department has moved a cabinet proposal to bring such organizations under the Consumer Protection Law. The issue goes ahead heels after the Union Food Minister, Ram Vilas Paswan's late statement, "There was have to inform online shoppers in India about their rights and how to discover legal response for their complaints." According to Trak.in report, in the cabinet note, a proposal has been made to set up Consumer Protection Authority that will post for promoting of products that are "risky and unsafe". There will be procurements for item liability actions, for 'unfair contract' to ensure consumers put in an unequal haggling capacity. The board will go about as an autonomous body that will likewise have the obligation of informing consumers about the quality, immaculateness, standard, deluding and tricky commercials by sellers. ...

1. Fusion of digital and brick and mortar: The world is moving from brick and mortar to digital commerce. However sellers need to continue investigating the approaches to increase customer base furthermore hold the high requesting customers. The missing individual connection in digital commerce will be topped off with the expansion of brick and mortar set-up. This will be as spot to do trials, alterations, shipment pick-up/ drop-off focuses, grievance redressal, items showcase, cross offering and indistinguishable. The fusion won't just enhance customer fulfillment and sales additionally help in expanding brand mindfulness among the non-digital buyers. 2. Hostage Logistics set-up will be sold out to standard logistics players: Many expansive ecommerce players have set-up hostage logistics functions in the structure in-house warehouse and last mile conveyance. This was mostly shaped to keep up the guaranteed administration levels to the buyers. However with the time the standar...

With 1.50 lakh post offices the nation over, India Post has marked a Memorandum of Understanding with Indian E-business organizations Snapdeal and Shopclues, to hold hands and move the e-trade logistics. As expressed in a discharge by iGovernment, on the event of Business Development Day on fourteenth Oct 2014 the department of postal services chose to hold hands with the two online commercial centers, to coddle their logistics needs with its wide reach. As an exchange, for getting their backing for an INR 4909 crore IT anticipate, to acquire electronic network and ability over 1.5 lakhs Post Offices for improved conveyance of all mail & financial services. Vijay Ajmera, Sr. VP (Finance) Snapdeal .com said that they are cheerful to pick Department of Post as their delivering accomplice and this organization will give their e-trade business a more extensive achieve and system. Talking about this affiliation, Sanjay Sethi, CEO & Co-Founder, Shopclues said, "We're a comm...