Wednesday, December 25, 2024

e-commerce

Strong demand propels 36 brands into tier-II cities throughout 2023

In the first three quarters of 2023, thirty-six domestic and international brands extended their reach into tier-II cities due to strong demand from smaller...

NRAI urges govt to restore input tax credit and raise GST to 12%

On Monday, the National Restaurant Association of India (NRAI) appealed to the government to reinstate input tax credit for restaurants. They proposed an increase...

Lexdale International to divest 2.62 Crore Nykaa shares valued at INR 490 Crore

Lexdale International is reportedly seeking to divest 2.62 crore shares of the beauty e-commerce giant Nykaa through open market transactions. Sources informed CNBC-Awaaz that the...

GSTN introduces new reporting sections in GSTR-1 for enhanced accuracy in tax filings

Effective from January 2024, the GSTN has incorporated two new sections in GSTR-1 to enhance reporting accuracy. In Table 14, it is now possible to...

Tendam marks entry into Indian market through exclusive collaboration with Myntra

Omni-channel fashion group Tendam has collaborated with the e-commerce platform Myntra to venture into and enhance its presence in India, as announced in their...

Snapdeal reports INR 388 Crore revenue in FY23 with 45% reduction in losses

Gurugram-based e-commerce platform Snapdeal has demonstrated a distinctive approach among its peers in the horizontal e-commerce domain by consistently placing a priority on profitability....

Govt to extend RoDTEP incentives for e-commerce exports: Piyush Goyal

On Thursday, the Union Commerce Minister, Piyush Goyal, announced the extension of incentives within the Remission of Duties and Taxes on Exported Products (RoDTEP)...

Alibaba to face legal action in U.S. over alleged sale of counterfeit Squishmallows

On Wednesday, a U.S. judge declined Alibaba's attempt to have a lawsuit dismissed concerning the purported sale of counterfeit editions of the popular children's...

US online retailer Zulily faces liquidation, leaving customers and employees in the lurch

The American e-commerce platform Zulily is shutting down, unexpectedly impacting customers and resulting in the termination of hundreds of employees following unsuccessful attempts to...

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