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Sunday, September 29, 2024

Tag: ecommerce

Walmart-owned Flipkart initiates annual job cuts, targets 5-7% workforce reduction by April

News
Walmart-owned Flipkart has initiated a workforce reduction program that may result in a reduction of five to seven percent in its overall staff, as...

ONDC welcomes CBDT’s move to introduce 1% income tax deduction in multi-operator model for e-commerce

News
The Open Network for Digital Commerce (ONDC) lauds the recent guidelines from the Central Board of Direct Taxes (CBDT) introducing a 1% income tax...

SUGAR Cosmetics’ FY23 sales surge by 89%, reaching INR 420 Cr; reports net loss of INR 76 Cr

News
SUGAR Cosmetics, the beauty e-commerce brand led by Vineeta Singh, saw its sales inching closer to the INR 500 crore mark in the financial...

Myntra’s net loss jumps 31% to INR 782 Crores in FY23, sales touch INR 4,375 Crores

News
Flipkart-owned fashion ecommerce marketplace Myntra experienced a notable increase in its net loss, soaring over 30% in the financial year concluded on March 31,...

Meesho’s early investors explore new secondary share sales at valuation of $3-3.5 Billion

News
Angel investors and early institutional shareholders of the e-commerce firm Meesho are in talks with potential investors to sell off their shares, according to...

Indian retail sector set for 10-13% growth in 2024: Luxury, value purchases, and demand uptick on the horizon

News
The retail sector in India is set to enter a "transformative era," with an anticipated growth of 10-13 percent in the upcoming year. Embracing...

Zomato may face a minimum of 3 years of litigation over INR 400 Crore GST notice, say experts

News
Taxation experts suggest that Zomato, a food delivery service based in Gurugram, could face legal battles lasting three to five years. The company asserts...

Amazon and Flipkart’s ad revenue hits INR 8,705 Crore in FY23, reflecting a 39% upswing

News
Ecommerce giants Amazon and Flipkart saw a notable 39% surge in their combined advertising revenue, amounting to INR 8,705 crore for the fiscal year...

Meesho’s FY23 revenue soars to INR 5,735 Crore, marking a 77% growth as losses narrow by 48%

News
On Friday, the e-commerce platform Meesho announced that its losses for the financial year ending on March 31, 2023, decreased by 48%, amounting to...

Ratan Tata to liquidate entire 77,900 shares in FirstCry IPO

News
Business tycoon Ratan Tata is poised to liquidate his complete holding of 77,900 shares in the upcoming first public offering (IPO) of the FirstCry...

IPO-bound FirstCry files DRHP, targets INR 1,816 Crore fundraising in fresh issue

News
Pune-based BrainBees Solutions Limited, the parent entity of the omnichannel marketplace FirstCry, has filed a draft red herring prospectus (DRHP) with the market regulator...

Victoria’s Secret unveils second Pune store at Kopa Mall

News
American intimate apparel brand Victoria's Secret has launched its second store in Pune, as announced by the international retailer Apparel Group on Tuesday. Situated...
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