Vendors through e-commerce sites have started offering premium smartphone iPhone 6 at a starting price of Rs 56,000. The official launch date and other details for India are yet to be announced by Apple.
The boom in Indian e-commerce sector, has led to an increase in demand for warehousing space from online retailers which leased about 6 lakh sq ft area in the first half of 2014, says a PTI report, quoting a CBRE property consultant.
Union government may modify the information technology (IT) Act, to remove legal hurdles in the e-commerce transactions as it seeks to boost up the rapidly expanding online shopping market in the country, as per a PTI report.
Online marketplace Snapdeal on Tuesday said it is well-funded and is not looking at financing to grow its business even as the burgeoning e-commerce market in India sees competitors raise billions of dollars to fuel expansion.
Bullish on e-commerce potential in India, Mahindra group is set to expand in the segment with its specialty retail venture Mom & Me and also gearing up to adopt franchise model for the next stage of expansion.
People love online retailers because of easy accessibility and hassle-free experience. Over the years, online shopping stores have emerged as a better alternative to the crowded parking-scarce shopping malls.
Ratan Tata said e-commerce is one of the areas where is he looking to personally invest because of its "good potential" as a large proportion of the country's consuming public do not have the required access to goods.