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E-Commerce Committee Meets To Discuss Industry Related Issues

The E-Commerce committee headed by NITI Aayog CEO Amitabh Kant held its first meeting on Monday to discuss issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) and IT body Nasscom gave detailed presentations to the members on fast the growing e-commerce sector, the PTI report published in TOI stated. Last month, the government had set up the committee to look into all issues, including foreign direct investment norms, pertaining to the e-commerce industry. Members in the panel include officials from Ministry of Commerce and...
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Govt Plans Common Policy For Retail, E-Commerce Sectors

To provide a level-playing field to stakeholders, the government believes there has to be a single policy for both offline retail business and e-commerce. NITI Aayog CEO Amitabh Kant said while interacting with CEOs at FICCI’s annual Retail, FMCG and E-Commerce Convention that in today’s globalized world, it has become essential for India to become a part of the global supply chain. For this, India has opened up its economy and liberalized the FDI regime. Now India features as the number one nation in attracting FDI, which has given the...
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Weekly Recap: Top 10 Stories On Channel Times

Here is a running recap of latest happenings in the IT Channel Industry. Cisco’s Layoff Move Likely To Impact Its India Operations Networking major Cisco Systems has reportedly announced the plans to layoff over 5000 employees. According to the media reports, Cisco is planning to lay off 5,500 employees, which account for nearly 7 percent of its workforce. The decision is likely to impact Cisco’s India operation, especially employees in its R&D center in the country. Read More AskMe Suspends Business; Lays off Employees Without Pay The consumer internet search platform...
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Alibaba Aims To Firm Up Its India Entry With Shopclues Deal

Chinese E Commerce giant Alibaba is reportedly planning to acquire online marketplace ShopClues.com. The move is considered to be an attempt to overtake the established OLS players in the country such as Amazon and Flipkart. According to the TOIreport, Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with the much bigger rival ShopClues. According to the report, the Gurgaon-based ShopClues numbers GIC of Singapore, Tiger Global, Nexus Venture Partners and Helion among its investors and has raised about $250 million till date. ShopClues is positioned...
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E-Tailers Give Digital Touch To Raksha Bandhan

Remember the days when sisters used to struggle in crowded retail shops to grab the best Rakhis and gifts for their beloved brothers? Remember the days when finding the best Raksha Bandhan gift for loving sisters used to be Herculean task for brothers? Well, thanks to surge of E Commerce in our day to day lives, this struggle has come to an end. E Commerce has deeply penetrated our day to day lives and given a digital touch to our traditional festivals. So now no more hassle and no more...
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Channels Gear Up For Independence Day with Deals Bonanzas

Festivals are always a boon for vendors, E Commerce players and the channel. The festive season is an ideal period to boost sales and introduce new offerings in the market in order to get higher traction. Consumers are usually ready to loosen their pockets during the festive season and it gives immense space for sellers to pull prospective buyers to their respective marketplaces. Due to handsome discounts and offers, people are more inclined towards online shopping, however, the traditional offline channel has also geared up to give more value addition...
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Will GST Bring “Acche Din” For IT Sector?

After a long wait and repeated requests by the Indian Government, the Rajya Sabha finally gave a green signal to the historic Goods and Services Tax (GST) Bill, which is considered to be a significant reform that will simplify and unify the tax structure of India. The much-awaited GST, which will be implemented from April 1, 2017, is expected to impact the IT-BPM sector (and also other industries), which is currently valued at USD 143 billion (2015-16). The GST, once implemented, will supposedly bring all states and people of India...
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Online Shopping On Smartphone Overtakes Desktop PCs

The rate of adoption of smartphones around the world has put mobiles at the top of the retail agenda. Shoppers use their phones more than any other device to visit a digital commerce site. Smartphones claimed 45.1 per cent of web-shopping traffic as against the 45 per cent traffic absorbed by computers during the first quarter of this year, stated a study by Demandware. The study also suggests that the percentage of web traffic would increase in the favor of smartphones to a projected percentage of 60 per cent by...
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Flipkart To Lay Off Unproductive Staff: Report

Flipkart is reportedly laying off its employees who have failed to meet professional expectations. Quoting the sources in the company, the ET report stated that the decision is expected to impact 700 to 1,000 staff. “The cleanup is a part of the process of making Flipkart a lean organization,” ET report quoted one of the people cited above. The move, while not unique to Flipkart, is reflective of the challenging times for the online retail industry, as well as the company, which is attempting to find a balance between saving costs and...
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