BENGALURU: Vector E-Commerce, Myntra’s largest vendor until a few years ago, saw revenue fall by over 90% to Rs 81…
latest news on retail
Online retailers, celebrities can’t fool you now: 9 things about the new Consumer Protection Bill
A three-decade-old law is being changed to give more powers to the consumer. The Lok Sabha has passed the Consumer Protection Bill 2018 which…
Etailers will soon be liable for fraud and defective products
BENGALURU: Online retailers and marketplaces will soon be liable for fraudulent sales and defective products sold on their platforms as…
Non-fashion private labels are 13% of Flipkart’s GMV
BENGALURU: Ecommerce giant Flipkart said the contribution of its private labels across 160 non-fashion categories doubled to account for 13%…
Audiobooks may do better than podcasts in India
Yogesh Dashrath, country manager, Storytel India, the Sweden-based audiobooks company, is upbeat about the prospects of his platform. Launched in…
Why RBI blocked Paytm bank’s new business
BENGALURU: Why did the RBI ban Paytm’s payments bank from opening new accounts and e-wallets in August? In a response…
Ikea signs MoU to invest Rs 5,000 crore in UP
NEW DELHI: Swedish furniture retailer Ikea on Wednesday signed a memorandum of understanding (MoU) with the Uttar Pradesh government to…
Few airlines rushing into in-flight wi-fi and calling option
New Delhi: Despite new rules allowing wi-fi and voice calls onboard aircraft, air travellers may have to wait for some…
Buy gold for 1 rupee: Sellers try new ways to boost demand
Mumbai: Indians are buying gold for as little as one rupee (1 cent) as retailers offer online sales in bite-sized…
Madras HC bars e-sale of drugs from Thursday
Mumbai: In what could be a big disappointment for e-pharmacies and a huge inconvenience to patients, the Madras high court…