The retail landscape of tomorrow necessitates stronger brand-customer connections that go beyond purchase Written By Devangshu Dutta There were rumours of a mega joint venture between Reliance Retail and China’s Alibaba, and also reports that Japan’s SoftBank is looking at ploughing $200 million into FirstCry. Do you have this feeling that 2018 went by a little too quickly? Well, however quick it seemed, it was certainly momentous for retail in India. If 2016 was marked by the shock of demonetisation, and 2017 by the pains of GST implementation, 2018 highlighted two threads — the obvious convergence of the online and…
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Written By Debojyoti Ghosh In a bid to bury the ghosts of demonetisation and rollout of the goods and services tax (GST), both of which impacted small and medium enterprises (SMEs), the Narendra Modi-led NDA government is trying to woo back its core vote base with a promise to tweak foreign direct investment (FDI) norms in e-commerce in India, one of the fastest growing online retail markets in the world which is about $41 billion in size. The government’s revised norms for FDI in the e-commerce sector, which was announced earlier this week by the Department of Industrial Policy and…
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Written By Deepti Govind E-commerce firms have been reducing amount of discounts over time, say analysts. Photo: iStock Ecommerce companies in India have been criticized for predatory pricing, but the revised e-commerce policy plans to make deep discounts a thing of the past. However, some analysts believe online marketplace is likely to find innovative ways to continue offering discounts once the dust around the new rules settles. On 26 December, the commerce and industry ministry had issued new guidelines, reviewing its policy on foreign direct investment (FDI) in e-commerce. As part of the move, the ministry plugged loopholes to stop…
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As the noose around online discounts is expected to be tightened with the upcoming draft e-commerce policy, the days might be numbered for both e-commerce companies acquiring customers via deep discounts and customers used to affordable buying. Written By Sandeep Soni किसी प्रोडक्ट विशेष को केवल व केवल अपने प्लेटफॉर्म से बिक्री का अनुबंध करने से भी रोक (Representational Image) As the noose around online discounts is expected to be tightened with the upcoming draft e-commerce policy, the days might be numbered for both e-commerce companies acquiring customers via deep discounts and customers used to affordable buying. Commerce and Industry…
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Written By PEERZADA ABRAR The government’s move, tightening norms for online retailers such as Amazon and Flipkart, is seen as a strategy to give large and small local retailers and traders in the country a leg up, ahead of the general elections scheduled for 2019. The norms, which are seen as helping protect domestic players, would not only help online marketplace players such as Snapdeal, and Paytm Mall but also large local companies such as Reliance that are eyeing a share of the e-commerce market in the country, according to industry watchers. “There is a realisation in the government that…
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