Page 17 - Ecommerce News Today

For OppDoor, Bansal, who exited Flipkart fully last year by selling his remaining stake to Walmart, has onboarded former Flipkart executives for the venture, people aware of the matter said.

All about Amazon Warehouse, where you can find the best deals and never pay full price on items. Here are the details to locate and navigate Amazon Warehouse online.

For the first half of FY24 ended September 30, 2023, Meesho said its operating revenue increased 37% year-on-year to Rs 3,521 crore, with a 90% reduction in loss to Rs 141 crore.

In FY23, Amazon Seller Services, the marketplace arm of Amazon, recorded 29% growth in ad revenue at Rs 5,380 crore, according to the RoC filings sourced from business intelligence platform Tofler. For Flipkart Internet, the marketplace arm of Flipkart, revenue from this segment rose 60% to Rs 3,325 crore.

The deduction of 1% TDS is meant to be made at the time of credit of the amount of sale or service to the account of e-commerce participant. The confusion, however, arises when there is more than one e-commerce operators. The CBDT has released a circular to clarify doubts pertaining to this.

The online shopping application Tokopedia has released a list of the best-selling products | jouron

The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the centre, state, or local level.

A New York court ruled against Alibaba in a lawsuit brought by a U.S. toymaker over alleged counterfeit sales of Squishmallows on Alibabas platforms. Judge Furman rejected Alibabas dismissal request, noting persistent fake toy sales despite prior legal actions. The court found the claims plausible, denying Alibabas motion. This marks a crucial point in addressing alleged counterfeit sales on major ecommerce platforms.

Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that huge export opportunities are there in the ecommerce sector. The new FTP (foreign trade policy) 2023 has raised the value limit of ecommerce exports through couriers from Rs 5 lakh to Rs 10 lakh per shipment.

Omnichannel retailer FirstCry aims to raise Rs 1,816 crore through the issue of fresh shares, along with an offer for sale of more than 54 million shares. This will make FirstCry only the second Indian vertical ecommerce company to go public after Nykaa, which listed in 2021.