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Lexdale International to divest 2.62 Crore Nykaa shares valued at INR 490 Crore
Lexdale International is reportedly seeking to divest 2.62 crore shares of the beauty e-commerce giant Nykaa through open market transactions.Sources informed CNBC-Awaaz that the...
The Souled Store elevates customer experience through collaboration with Simpl for seamless 1-Tap checkout integration
Fashion brand The Souled Store has joined forces with fintech startup Simpl to enhance its e-commerce platform, offering customers an improved experience, as announced...
GSTN introduces new reporting sections in GSTR-1 for enhanced accuracy in tax filings
Effective from January 2024, the GSTN has incorporated two new sections in GSTR-1 to enhance reporting accuracy.In Table 14, it is now possible to...
Tendam marks entry into Indian market through exclusive collaboration with Myntra
Omni-channel fashion group Tendam has collaborated with the e-commerce platform Myntra to venture into and enhance its presence in India, as announced in their...
Snapdeal reports INR 388 Crore revenue in FY23 with 45% reduction in losses
Gurugram-based e-commerce platform Snapdeal has demonstrated a distinctive approach among its peers in the horizontal e-commerce domain by consistently placing a priority on profitability....
Govt to extend RoDTEP incentives for e-commerce exports: Piyush Goyal
On Thursday, the Union Commerce Minister, Piyush Goyal, announced the extension of incentives within the Remission of Duties and Taxes on Exported Products (RoDTEP)...
Alibaba to face legal action in U.S. over alleged sale of counterfeit Squishmallows
On Wednesday, a U.S. judge declined Alibaba's attempt to have a lawsuit dismissed concerning the purported sale of counterfeit editions of the popular children's...
US online retailer Zulily faces liquidation, leaving customers and employees in the lurch
The American e-commerce platform Zulily is shutting down, unexpectedly impacting customers and resulting in the termination of hundreds of employees following unsuccessful attempts to...
Myntra expands international brand portfolio with Victoria’s Secret Beauty, teams up with Apparel Group for exclusive collaboration
Myntra, the fashion e-commerce platform, has broadened its collection of international brands by introducing Victoria's Secret Beauty through a collaboration with Apparel Group, a...
Amazon India’s seller base soars to 14 lakh with addition of 3 lakh new sellers in 2023
Amazon India, a major player in the e-commerce industry, expanded its seller base to over 14 lakh by incorporating around 3 lakh new sellers...
Meesho reports 14 Crore customer transactions in 2023, with 80% of orders originating beyond tier 2 cities
E-commerce platform Meesho announced on Thursday that it facilitated transactions for 14 crore customers on its platform in 2023, with 80 percent of orders...
Walmart invests $600 Million in Flipkart as e-commerce giant gears up for $1 Billion funding round
Flipkart, a prominent e-commerce platform supported by Walmart, is reportedly in the process of raising a new funding round of $1 billion, with a...