All posts tagged: e-commerce

Apple will earn more selling iPhone cover than airlines transporting passenger: IATA chief | World News

Apple will earn more selling iPhone cover than airlines transporting passenger: IATA chief | World News

Published by Parlour News

The new iPhone 17 Pro Max come with Apple’s most powerful chip yet. (Image: Nandagopal Rajan/The Indian Express) Apple will earn more by selling an iPhone cover than the USD 7.90 profit per passenger that airlines will make next year, IATA chief Willie Walsh said on Tuesday, as he highlighted that industry-level margins remain a pittance. The International Air Transport Association (IATA), which represents around 360 carriers worldwide, on Tuesday announced the industry’s financial outlook for 2026, wherein the total net profit is projected at USD 41 billion. “Industry-level margins are still a pittance considering the value that airlines create by connecting people and economies. They stand at the core of a value chain that underpins nearly 4 per cent of the global economy and supports 87 million jobs. “Yet Apple will earn more selling an iPhone cover than the USD 7.90 airlines will make transporting the average passenger,” Walsh, the Director General of IATA, said. He also mentioned that even within the air transport value chain, airline margins are totally out of balance, particularly …

SC says Flipkart known for creating monopolies, appoints amicus for probe into unfair practices

SC says Flipkart known for creating monopolies, appoints amicus for probe into unfair practices

Published by Parlour News

The Supreme Court on Tuesday said e-commerce major Flipkart was known for creating monopolies and expressed concern over the fate of smaller players in the market. The counsel for Flipkart said that due to the platform, many small vendors were able to take their businesses to the national level.(REUTERS/ Representative) A bench of Justices Surya Kant and N Kotiswar Singh appointed an amicus curiae to assist it in the adjudication of the dispute arising out of an National Company Law Appellate Tribunal (NCLAT) order asking the fair trade regulator Competition Commission of India (CCI) to initiate probe against Flipkart for an alleged use of its dominant position. A bench of Justices Surya Kant and N Kotiswar Singh was surprised that the complainant, All India Online Vendors Association (AIOVA), which alleged unfair trade practices by Flipkart, was nowhere to be found as its lawyers had no instructions from the body. Advocate Udayaditya Banerjee, appearing for AIOVA, said it was possible that the organisation was disbanded or no longer existed. The bench told Flipkart’s counsel that it …

How to Start A Successful e-commerce Business​ in 2025

How to Start A Successful e-commerce Business​ in 2025

Published by Webster

Starting an e-commerce business is easy, but creating a highly profitable and lasting e-commerce business is another. Learn how to start an e-commerce business in this guide. Key takeaways: Choose a scalable e-commerce business model, one that aligns with your growth goals. Invest in a secure and flexible payment system, focusing on support for multiple payment methods, fraud protection, and seamless transactions for both domestic and international customers. Optimize fulfillment for efficiency and cost savings. Leverage multiple marketing channels for growth. Use automation to streamline operations. Implement AI-powered tools, chatbots, and automated workflows for different aspects of your e-commerce business. E-commerce is the driving force of global retail. By 2027, online shopping is expected to account for nearly a quarter of all global retail sales, up from 19% in 20231, and global e-commerce sales are forecast to surpass $8 trillion2, a testament to its explosive growth. With 2.77 billion online shoppers worldwide in 20253 — a whopping third of the global population — digital commerce has become the preferred way to shop. In the US …

E-commerce firms must ensure transparency, uphold consumer interest: Pralhad Joshi | Business News

E-commerce firms must ensure transparency, uphold consumer interest: Pralhad Joshi | Business News

Published by Parlour News

Minister for Consumer Affairs Pralhad Joshi on Tuesday asserted that e-commerce companies have a significant role to play in ensuring transparent, trustworthy, and safe shopping environment for all consumers. Speaking at Amazon smbhav Summit, Joshi outlined the government’s all-out efforts to ensure that consumer rights are protected through slew of measures such as Consumer Protection Act, establishment of central consumer protection authority, consumer helplines, and specific rules to protect consumers from unfair trade practices in e-commerce sector. The future of e-commerce in India is bright, inclusive and transformative, the minister said emphasising the sheer size and potential of India market. “While this digital revolution offers incredible opportunities, our government believes it is equally important for our consumers to feel confident and make informed choices, and for the e-commerce platforms to gain the trust and the confidence of the consumer is equally very, very, very important,” Joshi pointed out.The rapid growth of e-commerce also brings with it the risk, specially around consumer protection and rights of users, he cautioned. “Our government, under the leadership of Prime …

Growth of e-commerce is a boon for millions of MSMEs

Growth of e-commerce is a boon for millions of MSMEs

Published by Parlour News

As India strides towards becoming the world’s third-largest economy by FY28, the economy is undergoing significant transformation. Startups and large enterprises are driving innovation, while micro, small and medium enterprises (MSMEs) are embracing digitisation. MSMEs are increasingly adopting digital way of doing business as it helps them enhance market access and improve cost-efficiency in their operations and transactions. Digital Commerce (Representational) E-commerce has played a critical role for MSMEs, allowing even small artisans to reach customers globally. Industry data shows the e-commerce market is set to grow at a robust annual growth rate in the coming four years (2024 to 2029), and MSMEs will be the key beneficiaries of this expansion. While broad-based digitisation and e-commerce growth have positively impacted MSMEs that have adapted to technology, the proportion of MSMEs leveraging e-commerce remains low compared to the overall manufacturing base in India. Given the robust growth of e-commerce both nationally and globally, it is crucial to focus on how MSMEs can capitalise on this trend. The impact of e-commerce in opening markets, enhancing supply chains, …

Covid Restrictions May be Gone, But Habit of Buying Groceries Online Here to Stay

Published by Webster

Covid restrictions have long been removed but the ease of online grocery shopping is a lifestyle now. It has become a habit for many to have their groceries delivered at the doorstep with new players entering the market, many of which promise deliveries at the blink of an eye. There are, however, numerous other reasons why people have moved to shopping for their groceries online. Convenience, quality and value for money are top factors why this habit is here to stay, as per a study. The study, conducted by community social media platform LocalCircles, showed that close to 52 percent of online buyers make their purchases on a monthly or weekly basis, while 61 percent preferred a delivery slot as per their convenience without having to pay charges. Quality or value for money are top criteria for 67 percent online buyers, it showed. There is also a group willing to get its groceries online “at any cost” as 3 percent household consumers are even willing to pay delivery charges if they want their items to …

RBI to Introduce ‘Single Block, Multiple Debits’ Feature on UPI for E-Commerce, Investments

Published by Webster

The RBI on Wednesday said it has decided to add a feature in the UPI platform to aid payments where delivery of goods and services happens later, like e-commerce purchases, hotel bookings or investments in securities. Through the ‘single-block-and-multiple debits’ feature on the Unified Payment Interface (UPI) platform, customers will have more trust while carrying out such transactions. “It has…been decided to introduce a single-block-and-multiple-debits functionality in UPI, which will significantly enhance the ease of making payments in e-commerce space and towards investments in securities,” RBI Governor Shaktikanta Das said after announcing the bi-monthly policy review. Das said a customer will create a payment mandate against a merchant by blocking funds in his/her bank account for specific purposes which can be debited, whenever needed. Such a facility will build higher degree of trust in transactions as merchants will be assured of timely payments, while the funds remain in the customer’s account till actual delivery of goods or services, the governor added. The governor said the feature will also be helpful in purchase of government securities …