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Competition Commission of India (CCI) Chairman Ravneet Kaur said on Monday at the regulator's annual gala that digital platforms' control over large datasets creates barriers to new entry and undermines platform neutrality. He said this could lead to algorithmic collusion. India's Attorney General R. Venkataramani also stressed in a special address that an e-commerce platform's monopoly over user data “could be subject to scrutiny” and the new government could include e-commerce policy on its 100-day policy agenda. said.Speaking at CCI's 15th annual gala, Kaul highlighted the trend of digital markets towards market concentration, stating that “many digital platforms benefit from…
Share of companies realizing international e-commerce global e-online (NASDAQ:GLBE) Shares rose on Monday after the company announced its first quarter 2024 financial results. As of 11:30 a.m. ET, Global-e stock was up just 6%, compared with a 20% jump earlier in the day.Growth is faster than expectedGlobal-e's software allows companies to easily operate e-commerce businesses across borders. In the first quarter, the company's merchandise volume was $930 million, up 32% year over year and exceeding management's most optimistic guidance of $915 million.Global-e's sales and adjusted earnings were slightly higher than expected, given that it has more business than expected. As…
EC/Logistics Business ManagerReport to: Vice President of Marketing and Label ServicesDirect report: Product and inventory manager.Digital Production & E-Commerce ManagercompanyRhymesayers Entertainment is a leading independent record label and artist management company based in Minneapolis, Minnesota. In an era of quantity over quality, Rhymesayers Entertainment provides a comprehensive ecosystem to empower artists around the world. Working with artists for over 25 years, Rhymesayers Entertainment has helped build and guide the careers of artists such as Atmosphere, MF DOOM, Aesop Rock, and Sa-Roc.Position overviewRhymesayers Entertainment is seeking an experienced e-commerce and logistics leader to join our label services team. This role is…
Amazon India on Monday announced that it has signed a Memorandum of Understanding (MoU) with Visakhapatnam Forest Tribes to enable tribal artisans of Visakhapatnam to sell authentic handmade products to a global audience through the company's e-commerce platform. . According to Amazon, the main focus of the partnership is to provide visibility and enable revenue generation through forest produce produced by tribes through listing on Amazon, thereby creating employment opportunities. The company said through its Kaligarh program for artisans and weavers, it will train tribal people in packaging and branding of products to be sold online. Additionally, an e-commerce hub…
Regardless of share price trends, the business itself is progressing smoothly. E-commerce software company stock price volatility Shopify (shop -3.21%) It attacked me again. Investors appear to be concerned about two things. One is a slowdown in projected revenue growth for the spring quarter of 2024, and the other is the company's inability to maintain net income based on generally accepted accounting principles (GAAP). But on the surface, Shopify could be a good candidate to buy on the cheap. Here's why: Profiting from a long-term perspective As a reminder, Shopify offers two main products: Subscription Solutions (basic website design and…
Aparna Gupta, Founder and Managing Director, Pluugin E-commerce news voirNew Delhi [India], May 20: Plugin E-commerce, which has established a strong presence in global markets such as Southeast Asia (SEA), SAARC, and Middle East and North Africa (MENA), is also expanding into India. Pluugin is a cross-border e-commerce enabler that helps brands expand their business across borders.Also read | iQoo Z9x 5G smartphone goes on sale for the first time tomorrow at 12pm (IST). Check offers, prices and other details.It is headquartered in Dubai, United Arab Emirates (UAE) and has offices in SEA, SAARC countries and MENA. Founded in 2022,…
Ani | Has been updated: May 20, 2024 17:41 IST news voirNew Delhi [India], May 20: Plugin E-commerce, which has established a strong presence in global markets such as Southeast Asia (SEA), SAARC, and Middle East and North Africa (MENA), is also expanding into India. Pluugin is a cross-border e-commerce enabler that helps brands expand their business across borders.It is headquartered in Dubai, United Arab Emirates (UAE) and has offices in SEA, SAARC countries and MENA. Founded in 2022, the company has grown 100% year over year. This speaks to the increasing need for e-commerce in brands' business models and…
GST authorities are considering mechanisms to address taxation and registration issues related to shared warehouses managed by e-commerce companies where multiple suppliers store goods for last-mile delivery, officials said. .The issue of taxation of warehouses surfaced after multiple suppliers geo-tagged the same warehouse as an “additional establishment” under Goods and Services Tax (GST) rules.”We are considering whether we can introduce the concept of 'shared workplace' or 'co-working space' in warehouses managed by e-commerce companies to store goods from multiple suppliers,” the official said. Ta. P.T.I..Under the Goods and Services Tax (GST) law, suppliers of e-commerce platforms can store goods in…
Saudi Arabia is improving its investment environment in e-commerce, aiming to attract more domestic and international companies to tap into this fast-growing market, which is expected to reach $44 billion by 2030. We are working on improvements. Strengthening the e-commerce sector is a key goal of the National Transformation Program and supports Saudi Arabia's Vision 2030. The move is critical to boosting the national economy, as Saudi Arabia ranks among the top 10 fastest-growing countries in e-commerce. The program plays a key role in empowering the private sector and improving government efficiency to drive the country's transformation and achieve the…
– Written by Madhav Kasturia indian e-commerce Since the start of the coronavirus pandemic, we have seen rapid growth with the emergence of brands that cater to different consumer needs. From traditional brick-and-mortar stores migrating to digital platforms to the rise of his D2C (direct-to-consumer) brand offering a diverse range of products, consumers now have a wealth of choice at their fingertips. Over the past decade, market giants have transformed entire categories, from electronics to personal care to groceries, fundamentally reshaping the way we approach shopping. In this increasingly dynamic environment, standing out and succeeding amidst increasing competition depends on…