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A new report suggests that India should more than quadruple its consignment limit for exports through courier services to $50,000 to boost e-commerce exports. The current limit is $12,000 under the Imports and Exports through Courier Services (Electronic Filing and Processing) Rules, 2010.See all CNBC-TV18's Budget coverage here. Increasing the limit for courier companies is one of a number of recommendations made in a report titled “Boosting E-commerce Exports from India” published by industry body Assocham and consulting firm EY. Other recommendations include creating a separate and customised supervisory code for cross-border e-commerce transactions to ensure speedy customs clearance, simplified…

NEW DELHI: With speed becoming the new battleground in the cutthroat world of e-commerce, businesses are turning to dark stores to deliver their favourite products faster than ever before. NEW DELHI: With speed becoming the new battleground in the cutthroat world of e-commerce, businesses are turning to dark stores to deliver their favourite products faster than ever before. Some companies are piloting dense networks of micro-warehouses or dark stores to fulfill orders within hours and improve profit margins, marking a strategic shift for e-commerce companies that currently offer delivery schedules of one day or longer. Hello! You're reading a premium…

According to Adobe, U.S. shoppers spent $14.2 billion online during Amazon's 48-hour Prime Day sale, up 11% from last year and in line with expectations.During Amazon's annual summer sale, consumers took advantage of deep discounts to upgrade their electronics, clothing and small appliances, according to Adobe, which tracks online spending at retailers across the U.S.”It's clear that the Prime Day event has galvanized sales across these key categories, offering enough discounts to motivate consumers to hit the buy button and upgrade items in their home,” Adobe analyst Vivek Pandya said.Adobe is tracking total online spending during Prime Day as rival…

Consumer behavior has changed in many ways over the past few years. For example, online shopping remains as important a factor in a brand's success as the in-store experience. And while “buy online, pick up in-store” services born during the pandemic remain popular with shoppers, consumers are craving faster delivery. Here, Sharon Gee, SVP of Sales and Partnerships at Feedonomics, a BigCommerce company, discusses these trends, the rise of omnichannel shopping, and how Feedonomics can help brands succeed in the new era of retail. WWD: How has the pandemic changed retail? How, where and why are consumers shopping the way…

HGTV star Meena Starsiak Hawk and her mother, Karen E. Lane, are returning to “Good Bones” months after Hawk went public with strained relationships. The HGTV series “Good Bones,” which premiered in 2016, follows Hawk and Lane as they renovate homes in Indianapolis, Indiana, through their company, Two Ticks and a Hammer. Lane left the company in 2019 but remains a featured character on the show.The series quickly became a hit for the network, as was its spinoff, Good Bones: Risky Business. In August 2023, Hawke announced that the series was ending and spoke about her strained relationship with Lane…

The report said the government should introduce a special loan package with fiscal incentives for the e-commerce export sector to enhance exporters' global competitiveness and offset cost obstacles.Yash Kumar Singhal India should raise the consignment limit for parcels exported through e-commerce channels to $50,000 (about Rs 41 lakh) from the current $12,000 (Rs 10 lakh), Ernst & Young (EY) and the Association of Indian Chambers of Commerce and Industry (Assocham) said in a report. “With the rise in e-commerce business, this restriction is now insufficient. E-commerce exports above $12,000 are required to follow freight mode of transport, with increased scrutiny…

DUBLIN, July 18, 2024 (GLOBE NEWSWIRE) — The “Social Commerce – Global Strategic Business Report” report ResearchAndMarkets.com Recruitment.The global social commerce market is estimated to reach USD 1.3 trillion in 2023 and is projected to reach USD 8.5 trillion by 2030, growing at a CAGR of 26.2% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help make informed business decisions. Key insights: Market Growth: Understand the significant growth trajectory of the B2C social commerce segment, which is expected to reach USD 5.2 trillion by 2030 at a CAGR of 27.1%.…

Meta has announced that it will not launch its upcoming multimodal AI model in the European Union due to regulatory concerns. Meta's decision comes on the heels of a similar move by Apple to exclude the EU from its Apple Intelligence rollout, signaling a growing reluctance by large tech companies to deploy advanced AI technologies in the region. Meta's latest multimodal AI model can process video, audio, images and text, and was set to be released under an open license. But Meta's decision means European companies will no longer have access to the technology, potentially putting them at a disadvantage…

Representative image New Delhi [India]Adopting more flexible policies and addressing existing challenges in customs, payments and logistics could help Indian exports achieve the target of USD 200-300 billion in e-commerce exports by 2030, says a report published by EY in collaboration with ASSOCHAM. To achieve the ambitious target, the report has put forward several suggestions to boost exports from the e-commerce sector. The report, titled 'Boosting E-Commerce Exports from India', further recommends encouraging re-imports, removing differential cap on realised payments and extending deadline for revenue realisation will provide a significant boost to e-commerce exports.”Clear guidelines will be laid down for…

Ani Has been updated: July 18, 2024 17:18 IST New Delhi [India]July 18 (ANI): Adopting more flexible policies and addressing existing challenges in customs, payments and logistics could help Indian exports achieve the target of USD 200-300 billion in e-commerce exports by 2030, says a report published by EY in collaboration with ASSOCHAM.To achieve the ambitious target, the report has put forward several suggestions to boost exports from the e-commerce sector. The report, titled “Promoting e-commerce exports from India”, further recommended that facilitation of re-imports, removal of differential cap on realisation payments and extension of deadline for revenue realisation would…