E COMMERCE
Logistics firm Allcargo Gati launches 24-hour air delivery service to 8 cities
Allcargo Gati Ltd has broadened its air services by introducing a 24-hour air delivery service to eight major metro cities. This expansion, supported by connectivity to 34 airports, caters to industries like pharmaceuticals and electronics. The Air Express service offers late cut-off times and next-day delivery, strengthening Allcargo Gati's network and enhancing its position as a reliable logistics partner.
UK's M&S resumes online orders following cyberattack
M&S stopped taking clothing and home orders through its website and app on April 25 following problems with contactless pay and click and collect services over the Easter holiday weekend. It first disclosed it had been managing a "cyber incident" on April 22.
UP woman working with Gurgaon MNC strangled and set on fire by father, brother over live-in relationship
In Muzaffarnagar, police arrested a father and brother. They are accused of killing Saraswati Maliyan. The reason was her relationship with a man named Amit. Saraswati's body was found in a forest. She worked in Gurgaon and was in a live-in relationship. The family disapproved. They allegedly strangled her and burned the body.
Govt considering scheme to help MSME exporters register goods in new markets: Goyal
The minister is in Switzerland on an official visit to hold meetings with Swiss leaders and companies to boost trade and investments between the two countries.
Big relief for consumers suffering loss due to dark patterns; Govt asks all e-commerce sites to take steps to eliminate dark patterns
The government is cracking down on deceptive 'Dark Patterns' used by e-commerce platforms. The CCPA has issued an advisory, urging platforms to conduct self-audits within three months to identify and eliminate these manipulative practices. Guidelines outline 13 specific dark patterns, including false urgency, basket sneaking, and subscription traps, which mislead consumers and cause financial loss. Read below to know what the government said about dark patterns on e-commerce websites.
If quick commerce was hurting beauty, we wouldn’t be growing at 30% year-on-year: Nykaa’s Adwaita Nayar
As Blinkit, Zepto, and Instamart expand aggressively into beauty and personal care, Nykaa is taking a slower, more curated approach. Its pilot, Nykaa Now, is live in select areas of Mumbai, New Delhi, and Bengaluru, with a deliberate focus on personal care rather than its core beauty range.
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Online prices in 12 cities to be monitored for new CPI series
The government plans to monitor e-commerce price trends in 12 major cities to improve the accuracy of the new Consumer Price Index (CPI) series, set to release in 2026. This initiative involves tracking prices from leading online sellers and expanding market coverage to 2,900 markets.
India is key strategic market for global brands, says Myntra CEO
"With the launch of Myntra Global in Singapore, we're also laying the foundation for our global foray, with a long-term aspiration to serve the Indian diaspora beyond India," Nandita Sinha said on Sunday after attending the NRF 25, an international retail show held here June 3-6.
China leaders take reins at TikTok Shop in US as sales miss goal
TikTok Shop in the US is navigating turbulent waters as it struggles to meet its ambitious sales targets. In a significant shift, ByteDance has appointed leaders with strong ties to China, leading to a wave of cultural adjustments and communication hurdles. As uncertainty looms, many employees find themselves either let go or leaving voluntarily, causing a stir within the organisation.
CCPA issues advisory to e-commerce platforms for self-audit within 3 months to detect dark patterns
The CCPA has advised e-commerce platforms to conduct self-audits for deceptive 'dark patterns' within three months, encouraging self-declarations for a fair digital ecosystem. Notices have been issued to platforms violating dark pattern guidelines. A Joint Working Group is monitoring violations and suggesting consumer awareness programs, following the 2023 guidelines specifying 13 dark patterns.
Consumer watchdog orders ecommerce platforms to self-audit on deceptive practices
India’s Central Consumer Protection Authority has directed ecommerce platforms to conduct self-audits within three months to eliminate “dark patterns” — deceptive design tactics that mislead consumers. Platforms must review interfaces, submit self-declarations, and ensure compliance with 2023 guidelines, aiming to boost consumer trust and fairness in the digital marketplace.
Dark patterns under the scanner: E-commerce firms told to self-audit and clean up in three months
The Central Consumer Protection Authority (CCPA) has directed e-commerce platforms in India to conduct self-audits within three months to identify and eliminate "dark patterns." These deceptive design practices mislead consumers, undermining their choices and potentially leading to unfair trade practices. Platforms are encouraged to provide self-declarations confirming compliance, fostering a fairer digital marketplace.
ET Graphics: Who shops online the most?
Forget the metros — it's Chandigarh that tops India's online shopping charts, with nearly 7 out of 10 households making purchases via the internet, according to an ET analysis of data released by the statistics ministry last week. Smaller states and Union Territories like Goa and Dadra & Nagar Haveli are not far behind, even outpacing Delhi. The term "online purchases" includes goods bought through e-commerce websites or mobile apps.
Structural cracks appear to complicate qcomm's quick surge in India
India's quick commerce market is expected to grow to Rs 1.5-1.7 lakh crore by 2027, driven largely by existing trade channels. While it creates significant employment, most jobs are gig roles with limited security. Pricing and adoption across categories present ongoing challenges for the sector's future.
Amazon promises to intensify crackdown against fake reviews after UK watchdog probe
Amazon has pledged to intensify its efforts to combat fake reviews and crack down on UK sellers manipulating ratings through deceptive posts, Competition and Markets Authority (CMA) said. Following a four-year investigation, the US giant has also addressed concerns about 'catalogue abuse,' where sellers misuse reviews to boost ratings and mislead consumers.
Two Trades for Today: A metals major for almost 9% gain, an e-commerce large-cap for 6% rise
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Amazon prepares to test humanoid robots for deliveries: Report
The company is developing the artificial intelligence software that would power such robots, the report said, adding that Amazon plans to use hardware from other firms in its tests, for now.
Amazon South Africa expands into groceries, pet food and health supplements
Amazon, which has been selling in South Africa for a year, hopes its expanded offering will make it a one-stop shopping destination. Takealot.com, owned by tech investor Naspers , is the current e-commerce leader in South Africa and it already sells those products.
Ekart goes live on ONDC Network for ecommerce logistics
This move will help Ekart expand its reach across the country to sellers and brands in the MSME and large enterprise spaces. This initiative comes at a time when the ONDC Network is focusing on scaling e-commerce logistics on its platform following a drop in retail orders.
Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
Pradeep Parameswaran, former Uber India head, has been promoted to global head of mobility amid a leadership shake-up. He replaces Andrew Macdonald, now COO. This marks Parameswaran’s second promotion in a year. Uber continues to elevate Indian-origin executives, with key roles held by Sachin Kansal and Praveen Naga in tech leadership since October 2024.
Why did Nykaa shares drop despite a massive profit increase?
Nykaa's parent company, FSN E-Commerce Ventures, experienced a nearly 5% share price drop despite reporting a significant 193% surge in net profit for the March quarter. While the core beauty segment remains robust, concerns linger regarding slow fashion growth and margin pressures. Brokerages hold divided opinions due to high valuations and increasing competition, with some assigning 'underperform' or 'sell' ratings.
Nykaa shares drop over 5% despite strong Q4 performance
Nykaa's parent company, FSN E-commerce, experienced a share decline despite reporting strong Q4 results, including a near doubling of net profit to Rs 19 crore and a 23.6% YoY revenue increase. While the beauty segment thrived, the fashion segment saw muted growth. Brokerages are monitoring the fashion business revival amid intense competition.
Nykaa shares slip 4% as brokerages flag fashion losses after Q4 results. Should you buy, sell or hold?
Nykaa shares slipped nearly 4% after Q4 results showed strong beauty business growth but continued fashion segment losses. Brokerages are divided, with target prices ranging from Rs 185 to Rs 250, reflecting mixed views on margin recovery and fashion losses. While the beauty segment shows promise, fashion remains a drag, causing uncertainty among investors.
Nykaa shares in focus after reporting 193% YoY surge in Q4 PAT
Nykaa's parent company, FSN E-Commerce Ventures, witnessed a significant surge in its Q4FY25 consolidated profit after tax, jumping 193% YoY to ₹20 crore. Revenue from operations also increased by 24% YoY to ₹2,267 crore.
Indian beauty products retailer Nykaa's profit surges on demand for premium products
Nykaa's profit surged in the fourth quarter. The beauty retailer saw its net profit almost triple compared to last year. This growth was fueled by high demand for premium beauty brands. Urban consumers continued to spend on these products. Nykaa's revenue also increased significantly. The fashion apparel business experienced growth as well. Overall, Nykaa had a successful quarter.
FSN E-Commerce Ventures block deal: BNP Paribas sells shares worth Rs 502 crore in Nykaa parent
Nykaa saw significant block deals involving BNP Paribas. BNP Paribas Financial Markets sold shares worth Rs 502 crore. The company's Q4 results revealed a substantial profit increase. Net profit surged 193% year-on-year to Rs 20 crore. Revenue also climbed 24% to Rs 2,062 crore. However, sequential profit and revenue experienced slight declines.
Nykaa makes biggest physical expansion in retail space in FY25, adds 50 new stores
Nykaa's parent company, FSN E-Commerce, announced its Q4FY25 earnings, revealing a significant expansion of its retail presence with 50 new stores. The company reported a substantial 193% surge in net profit, reaching Rs 20 crore. Revenue from operations also saw a healthy 24% increase, climbing to Rs 2,062 crore, demonstrating strong financial performance.
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