The European Union also sent requests for info to tech giants on their use of generative artificial intelligence. The European Commission has opened a formal investigation into Chinese e-commerce site AliExpress over concerns about illegal and pornographic content on its platform. In a statement on Thursday, the European Union’s executive…
Government’s initiative Open Network for Digital Commerce has collaborated with a subsidiary of the National Stock Exchange to launch an academy to provide information to sellers and network participants about simple ways to conduct e-commerce business. In the current phase, the ONDC Academy will provide learning content in text and…
The government’s initiative ONDC on Wednesday said its beta version has now become live in Mumbai, Delhi-NCR, Chennai, Hyderabad and Kolkata. Open Network for Digital Commerce (ONDC) is an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT). It said that along with Bengaluru and Meerut, which…
Cumulative overseas sales by Indian exporters under e-commerce exports programme Amazon Global Selling are on track to surpass $8 billion (nearly Rs. 65,900 crore) in 2023, Amazon said on Wednesday. The exports from India under the programme were to the tune of $5 billion (nearly Rs. 41,200 crore) last year,…
E-commerce platform Meesho has become the world’s “fastest shopping app” to cross 500 million cumulative downloads across Google Play and iOS App Store, mobile data analytics provider has said.The company has achieved the 500 million download milestone in six years, data.ai, formerly known as App Annie, said in a statement….
The Central Consumer Protection Authority (CCPA) has issued orders against the top five e-commerce platforms for selling car seat belt alarm stopper clips. Authorities found that such clips were being blatantly sold on several e-commerce platforms. The clips compromise the life and safety of consumers by stopping the alarm beep…
A delivery executive of an e-commerce firm allegedly stole 10 iPhones by replacing them with dummy phones on the way to deliver them to the customer here, police said on Thursday. Station in-charge of Matrix Finance Solution, which delivers Amazon‘s parcel, Ravi in his complaint alleged that on March 27…
PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the…
Amazon has halted testing of its home delivery robot “Scouts” which is the latest indication that the e-commerce giant is beginning to pare down experimental initiatives as sales growth slows. According to a report from the New York Post, the six-wheeled, cooler-sized vehicles, which were supposed to carry products to…
The commerce and industry ministry on Friday said many more applications will join the Open Network for Digital Commerce (ONDC) in the coming weeks to expand both buyers and sellers who can participate in this platform. ONDC — the ministry’s initiative to help small retailers and reduce the dominance of…
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