Asia's richest man Mukesh Ambani announced details of a new online shopping platform Friday that will see his oil-to-telecoms conglomerate Reliance Industries take on Amazon and Walmart in India's e-commerce market.
Japan-based global brand Uniqlo has appointed S Shantanu as the marketing head for the Indian region. Shantanu will be responsible for leading the marketing operations of the brand ahead of its launch In India.
Snapdeal, India’s leading e-commerce marketplace, has tied up with regional banks like RBL Bank, Federal Bank, and Jana Small Finance Bank to strengthen its presence in tier 2, 3 cities in the country.
Confederation of All India Traders (CAIT) has threatened to launch a nationwide protest if the government gives in to the demands of the e-commerce companies to delay or change the foreign direct investment norms.
India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon and Walmart's Flipkart, could reduce online sales by $46 billion by 2022, according to a draft PwC analysis.
Fashion brand Forever 21, marketed in India by Aditya Birla Fashion and Retail Ltd (ABFRL), is banking on e-commerce for growth in the Indian market and recently revamped its website to make it more consumer friendly.
As India’s top multi-brand e-commerce platforms face the upcoming FDI norms that could see them having to fully reassess their business models, Amazon India has announced a sale to boost revenue ahead of uncertainty.
India’s creative goods exports, including fashion, have almost tripled to $20.2 billion from 2005 to 2014 making the country one of the world’s main creative goods exporters, according to a recent UN report.