Written By Haripriya Suresh & Shilpa S Ranipeta E-commerce in India is only a small fraction of the entire retail sector, leaving room for changeover and growth, especially with the enablement of offline retail. Reliance Industries Chairman Mukesh Ambani had been teasing the company’s grand plans for ‘new commerce’ for years now, touted as the next big e-commerce disruptor. Taking the stage at Reliance’s annual shareholder meeting on Wednesday, Ambani made two very important announcements. One was that Reliance Retail was receiving global investor interest. The other: JioMart would be expanded beyond grocery. With a massive offline presence, Reliance Retail…
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Written By Devika Singh Start-ups such as HipBar, Drinkify and Liqhub tried their hands at alcohol delivery in the past, but hit regulatory hurdles Zomato, for instance, has a total of 250 retailers on board so far, and has plans to partner with all the authorised government retailers in the cities where it is active. Alcohol delivery is emerging as the next big thing in India’s e-commerce scene. BigBasket and Amazon recently acquired licences for delivering alcohol in West Bengal. Food aggregators Swiggy and Zomato are already offering alcohol delivery services in Jharkhand, Odisha and West Bengal. This could be…
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Written By Peerzada Abrar The companies said this investment builds on the long-standing engagement between the two organisations that have been working together for several years Arvind Fashions has a portfolio of renowned brands, both international and indigenous The Flipkart Group has invested Rs 260 crore for a significant minority stake in retailer Arvind Fashions’ (AFL) recently formed subsidiary Arvind Youth Brands, which owns the Flying Machine brand. The companies said this investment builds on the long-standing engagement between the two organisations that have been working together for several years to address the demands and needs of the fashion-conscious youth…
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Written By Sankalp Phartiyal NEW DELHI (Reuters) - E-commerce companies in India like Amazon.com’s local unit and Walmart’s Flipkart have begun to update their back-end systems to allow sellers to identify the country of origin on all new product listings on their platforms, two sources aware of the matter said on Wednesday. The Indian trade ministry’s Department for Promotion of Industry and Internal Trade (DPIIT), which hosted an online meeting of e-commerce players on Wednesday, wanted the changes to be implemented by the end of July. The companies, however, said they would need two to three months, according to the…
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"The industry has no reserves. And now with all the constraints from the curfew to the liquor ban to the reduction in the capacity we are all going to lose money for a few months. On top of the losses during the lockdown, this is very hard to recover from and hence many are closing,” said AD Singh, the founder and Managing Director of the Olive Group of Restaurants. New Delhi: The restaurant industry fears 30-40% eateries (from the organized sector) will shut down shutters soon out of the half a million present in the larger cities. Popular restaurants in…
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