Early investor Banga to sell 2% in Nykaa – Times of India
MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs…
Move away from China: Shein & Reliance aim selling ‘Made in India’ clothes abroad; to list India-made clothes on US, UK websites – Times of India
Shein's initial strategy involves featuring Indian-manufactured clothing on their US and British e-commerce platforms. (AI image) Shein, in collaboration with Reliance Retail, aims to significantly broaden Indian manufacturing network and…
Work-from-home, manufacturing ramp-down at some companies – Times of India
Representative AI image (Credit: Bing image creator) MUMBAI: Amid escalating tensions between India and Pakistan, companies are putting precautionary measures in place to ensure safety of employees and minimise impact…
Myntra joins Q-commerce rush with 30-minute deliveries – Times of India
MUMBAI: As more brands hop onto quick commerce platforms to reach a wider set of customers and tap into the growing instant shopping opportunity, it is nudging ecommerce companies to…
Mobiles, smart appliances top festive e-shopping list – Times of India
It may or may not be the iPhone effect, but shoppers ambushed mobile phones and electronics in the first week of online festive sales, probably shelving quintessential ethnic wear for…
Myntra’s GenZ customer base doubles to 16 million – Times of India
NEW DELHI: Myntra, an e-commerce platform, on Tuesday said it has doubled its GenZ customer base with the help of the GenZ fashion vertical FWD -- an app-in-app offering.The lifestyle…
Samsung, Xiaomi, 3 others colluding with Amazon, Flipkart: Report – Times of India
NEW DELHI: Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according…
E-commerce speeds up to catch up with Quick commerce – Times of India
MUMBAI: For online platforms, this festive season is all about speed. As quick commerce firms expand into non-grocery categories - the domain of e-commerce companies- and enter smaller cities, getting…
Walmart lifts earnings outlook after revenues rise – Times of India
The US retail giant Walmart reported a rise in revenues on Thursday on increased e-commerce and advertising sales, and raised its outlook for the year. Given its vast size and…
China’s e-commerce giant Alibaba misses first-quarter revenue estimates – Times of India
Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.…