The government has tightened norms for e-commerce firms and barred online retailers like Flipkart and Amazon from selling products of the companies in which they have stake. New rules also prohibit players from entering into an agreement for exclusive sale of products. As per the revised guidelines, a vendor cannot procure more than 25 per cent of products from group companies of the same marketplace where they intend to sell them. How these norms impact the industry, how platforms are complying, and, moreover, what does this all mean for users? ET Online's Associate Editor Pranbihanga Borpuzari explains. (Text: PTI/ET Online).
The government has tightened norms for e-commerce firms and barred online retailers like Flipkart and Amazon from selling products of the companies in which they have stake. New rules also prohibit players from entering into an agreement for exclusive sale of products. As per the revised guidelines, a vendor cannot procure more than 25 per cent of products from group companies of the same marketplace where they intend to sell them. How these norms impact the industry, how platforms are complying, and, moreover, what does this all mean for users? ET Online's Associate Editor Pranbihanga Borpuzari explains. (Text: PTI/ET Online)
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e-commerce in retail space brings solid boost
The pandemic has proved to be a source of immense learning for every business, especially for the ecommerce space. The year 2021 witnessed the emergence of digital as a preferred medium for businesses that led to increased adoption of digital for reaching out to customers. The e-commerce industry due to its highly volatile nature has been one of the earliest to recognize the urgency of adopting the ‘new normal.’ The necessity of employing omni-channel for ensuring sales across channels has paved the way of employing an e-commerce enabler that streamlines all processes such as stock management, warehousing, payment reconciliation and order management. Omni-channel retail (or omnichannel commerce) is a multichannel approach to sales that focuses on providing seamless customer experience whether the client is shopping online from a mobile device, a laptop or in a brick-and-mortar store. The year ahead will see digital transformation being recognized as an indispensable element in the ecommerce industry to drive operations, fulfill customer demands and ensure customer retention. Many support functions that drive ecommerce operations will come to the forefront.
2021 has been a year of learning as it exposed businesses to unexpected situations with global markets opening, shutting and then re-opening again. What emerged as the only tool to cope up is - Technology. Businesses have fast adopted the use of technology from their production units to supply-chain systems, from marketing to customer loyalty systems. In the midst of all this, smart businesses have also accepted the importance of RIGHT PRICE! Technology has also played a key role in price determination of products and services across sectors at massive scales and high velocities. As pricing majorly contributes towards the growth and success of any company, technologies such as Artificial Intellig
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This is another excellent video on Oracle FCCS (Oracle Financial Consolidation and Close Cloud). In this video, we have taught Oracle FCCs Predefined Rules
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Starting October 1, there are five key changes that will have a bearing on your personal finances. ET Online's Shambhavi Mehrotra brings you a low down on those changes and how they can impact your financial decisions and finances.
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In a move that may change the very basics of the India's bankruptcy regime, the Supreme Court Tuesday declared RBI's momentous circular on defaulting companies as unconstitutional. The circular in question sought to deal with resolution of stressed assets by way of a revised framework. Commonly referred to as the February 12, 2018 circular, it had forced seriously stressed companies to come clean and declare bankruptcy. Tune in as ET's Joel Rebello brings you all the details. (Text: ET Online)
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The Economic Survey of India 2017-18, tabled in the Parliament on Monday, brings the most extensive study of the state of economy. The report, compiled by a team led by the Chief Economic Advisor Arvind Subramanian, presents a comprehensive picture of the way forward. Here's the report at a glance.
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Deloitte India's senior economist Richa Gupta lists-out four key takeaways from the Economic Survey of India 2018, tabled in the Parliament on Monday by Finance Minister Arun Jaitley. Tune in.
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Chief Economic Advisor Krishnamurthy Subramanian will table the Economic Survey 2018-19 Thursday. It will also be the first such survey under Modi 2.0 government. Tune in as ET's consulting editor Swaminathan Aiyar explains what the document is all about and why it matters.
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Guided by the dictum of 'blue sky thinking', the Economic Survey 2018-19 Thursday laid out the ambitious agenda of applying principles of behavioural economics to achieve 8 per cent of sustained GDP growth to make India a USD 5-trillion economy by 2024-25. The Economic Survey 2018-19, tabled in Parliament, is the first for the new government, which came to power with an overwhelming mandate. Watch now. (Text: PTI)
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Watch Economic Survey 2019 guided by 'blue sky thinking': CEA KV Subramanian | Economic Times With HD Quality
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For reorienting policies for growth in the MSME sector, the Economic Survey states that MSMEs grow not only to create greater profits for their promoters but also contribute to job creation and productivity in the economy. Watch now. (Text: ANI)
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Watch Nourishing dwarfs to become giants for MSME growth: Economic Survey 2019 | Economic Times With HD Quality
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