The ONDC model is thus being viewed as a potential competitor to Amazon and Flipkart and officials are hopeful of a UPI-like success once large private players come on-board.

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The CAIT has asked Prime Minister Narendra Modi to look into the entry of Shopee stating that it will send shock waves to the offline traders' community which is yet to recover from the "unfair trade practices adopted by foreign-funded e-commerce companies".

Niti Aayog and the finance and corporate affairs ministries have opposed the draft ecommerce rules for being too harsh. The difference of opinion may linger, with the consumer affairs ministry sticking to its position for now.

Fintechs are hoping for a growth of anywhere between 50 and 150 percent in the usage of buy now, pay later products by customers for festive season purchases. Tier-II and III cities are driving demand across ticket sizes.

Discounts may have been scaled down as the e-commerce market matures and the government looks out for alleged malpractices.

The minister asked for bringing more transparency to the system. He said that operations should be audited regularly to ensure that all technical and financial aspects of GeM stay strong all the time.

The company, which has its mainstay in bulk and full truckload (FTL) and contractual logistics, plans to tap other areas such as e-commerce solutions, warehousing and development.

Amazon.com Inc has amassed a vast amount of sensitive personal information on its customers. Internal documents reveal how a former aide to Joe Biden helped the tech giant build a lobbying juggernaut that has gutted legislation in two dozen states seeking…

"We did north of 80 million orders just in October. This is an average of 3 million orders per day. The peak order that we did, is much, much higher, says Aatrey

Flipkart has also witnessed a 47% year-on-year (YoY) customer growth in Tier 3+ cities this past year.

Over the past year, the online retail giant has faced penalties from several antitrust regulators across the world on various grounds ranging from allegedly abusing its market dominance to violating GDPR and withholding driver tips.

In a written reply to a question in Rajya Sabha, Ashwini Kumar Choubey informed that Maharashtra reported highest complaints followed by Uttar Pradesh and Delhi.

Aiming to quickly bring out rules for e-commerce consumers, the government may scrap the most contentious parts and deal with them separately.

Flipkart's wholesale unit Flipkart India saw a 25% revenue growth in FY21 while marketplace arm Flipkart Internet witnessed a 28% revenue jump.

MSTC is undergoing a transformation from a trading/marketing company into an e-commerce play. Once the growth rate, and cash flows improve and dividend payout increases, we expect re-rating in MSTC to happen. Watch the video to find out the key growth levers…

CAIT Secretary-General Praveen Khandelwal and President BC Bharatiya expressed their disdain at how some media outlets had succumbed to Amazon's motives by supporting their advertising, thereby ignoring their "sacred regulatory and fiduciary duty" to only…