Amazon India’s e-commerce unit loss widens to Rs 5,849.2 crore in FY20, revenue up 43%

As per the filing, Amazon Seller Services saw its total expenses rising over 25 per cent from Rs 13,463.1 crore in FY19 to Rs 16,877.1 crore in FY20.

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Myntra Designs FY20 loss widens to Rs 744.4 crore

The Flipkart Group company had registered a consolidated loss of Rs 539.4 crore for the financial year ended March 2019, as per a Registrar of Companies filing shared by market intelligence firm Tofle

Myntra Designs FY20 loss widens to Rs 744.4 crore

Amazon’s e-commerce marketplace FY20 revenue jumps 42% while losses go up marginally; expenses widen 25%

“The company continues to invest in, opening new fulfillment centers, and technology advancement…The company also continues to invest on launching new products and services for its customers and s

The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open.

Flipkart rejigs board enroute to IPO; Kalyan Krishnamurthy, three others to join board

Steuart Walton, member of the billionaire Walton family from Walmart, Dirk Van den Berghe – the executive vice president, global sourcing and regional chief executive officer of Asia for Walmart, Ma

Flipkart trumps amazon in festive sales, Amazon, Flipkart and other e-commerce companies clock 8.3 billion dollar in festive sales

Snapdeal posts Rs 916 crore revenue in FY20; losses up Rs 88 crore amid Covid-led disruption in Q4

Snapdeal said that over 2 per cent of India (27 million buyers) bought from its marketplace in FY20 while over 85 per cent of its orders were shipped to customers based in cities beyond the top 10 met

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Thanks to pandemic, more micro, small businesses turn to digital platforms to shore up sales

Technology for MSMEs: On the manufacturing side, MSEs in gems and jewellery, and textiles showed maximum improvement. Adoption of digital selling platforms among gems and jewellery units more than qua

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RBI: Bank credit to MSEs up 6.8% in October even as deployment to manufacturing units climb out of red

Credit and Finance for MSMEs: While the overall year-on-year credit growth to MSEs showed continued growth, credit deployment to manufacturing MSEs was finally out of red in the current FY.

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Outlook 2021: 5 key small business trends to help revive, regain momentum in the post-Covid year

Ease of Doing Business for MSME: The pandemic has forced many small business owners to run their businesses in a more lean and efficient manner, leading to a permanent shift in their operating landsca

Paytm’s net losses narrow by 28% in FY20, reports marginal rise in revenue from ops

The fintech major’s total expenses decreased to Rs 5,861.54 crore in FY20 compared with Rs 7,254.8 crore in FY19.

Earlier this year Paytm had said the firm managed to trim its losses by nearly 40% y-o-y to Rs 2,597.46 crore on a consolidated basis in FY20.

Paytm’s losses, expenses narrow even as revenue drops marginally for financial year before Covid

Paytm, which competes with Walmart's PhonePe, Google Pay, MobiKwik, and now WhatsApp Payments as well in the digital payments space, was able to cut its expenses 19 per cent in FY20 from the preceding

Paytm gift to its merchant customers will not charge fee for wallet UPI Rupay payments

Digital lending fraud: RBI cautions small businesses, individuals against unauthorised loan apps

Credit and Finance for MSMEs: The digital lending value increased from $33 billion in FY15 to $150 billion in FY20 and is expected to hit the $350-billion mark by FY23. Among the leading players in th

Delayed payments: MSMEs see 74% jump in rejected applications involving this much amount since March

Credit and Finance for MSMEs: Applications for delayed payments filed by MSEs are examined by MSEFC of the respective state where the enterprise is based. After examining the case, MSEFC directs the b

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E-commerce logistics: How delivering millions of orders daily will take more than just capital to scale

When we talk about the future of logistics, it is all pertains to the speed of responding to market changes and staying ahead of the demand curve by leveraging operational responsiveness.

Dailyhunt parent turns unicorn with over $100 million funding from Google, Microsoft

The firm claims Josh to have already reached a monthly active user base of over 77 million besides having nearly 36 million daily active users.

Josh was launched following India’s ban on Chinese short-video app TikTok. (Image: Josh/ file)

ESDP in 2020: Modi govt’s entrepreneurship development scheme sees nearly 400% jump in trainees

Skilling, Labour, and Talent for MSMEs: The scheme aimed to encourage youth including scheduled caste and scheduled tribe men and women, differently-abled, and below poverty line people apart from ex-

PM SVANidhi: Modi govt’s loan to street vendors up 700% in 3 months; SBI remains top lender

Credit and Finance for MSMEs: PM SVANdhi offers an interest subsidy at 7 per cent per annum as incentives to borrowers for making regular loan repayment while it also has a provision of up to Rs 100 p

The arrival of vegetables and fruits to Delhi's largest wholesale market at Azadpur has been reduced by half due to the closed borders, said Adil Khan, chairman Agricultural Produce Marketing Committee at Azadpur.

AatmaNirbhar Bharat Abhiyan: BHEL extends support to indigenous suppliers to develop self-reliance in manufacturing

BHEL has been spearheading the Make in India movement with a special focus on contributing to the AatmaNirbhar Bharat Abhiyan, a BHEL statement said.


Micro entrepreneurship: How women in hinterland are turning catalyst to India’s entrepreneurship culture

Technology for MSMEs: Tech disruption in recent years and the digital push from the government have offered the necessary fillip for the germination of entrepreneurial culture in the country, thereby

Dailyhunt’s parent turns unicorn; raises funding from Google, Microsoft, others for short video app Josh

The investment will be routed to the company’s short video app Josh that competes with MX TakaTak, Roposo, Moj, Mitron, Trell, and Chingari and currently banned TikTok.

ADB grants $40-million loan to Northern Arc Capital to help small borrowers

The loan is being disbursed to NACL as part of ADB’s ongoing Covid-19 response. NACL will on-lend the loan proceeds and provide guarantees to financial institutions and individual borrowers.

“The pandemic has had a deep impact on the country’s informal economy, especially on microfinance borrowers and MSMEs. NACL’s unique business model of working with the most impacted segment of MSMEs and financial institutions makes them an ideal partner,” said ADB’s private sector operations department director Christine Engstrom.

Invoicemart discounts Rs 10,000-cr MSME invoices

A majority of industries and businesses are now inching towards pre-COVID-19 levels, MSMEs have also started charting their path for recovery, Invoicemart said in a release.

PayNearby: Taking commerce hyperlocal

PayNearby uses its tech platform to turn kirana stores into points of integrated commerce

Smart footwear for the new-age customer

Homegrown, youth-centric brand Solethreads leverages modern technology in footwear designing and has 30 design patents to its credit

Amazon India in 2020: 4,152 sellers crossed Rs 1 crore sales mark; number of crorepati sellers up 29%

Ease of Doing Business for MSMEs: “Technology adoption and digitization will continue to play a crucial role in offering expanded access and opportunities to SMBs, and we remain committed to invest

The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open.

E-commerce fraud: Chinese hackers targeted e-shoppers during Flipkart’s festive season sale

The cyberattacks were named “Big Billion Days Spin the Lucky Wheel Scam'' and “Amazon Big Billion Day Sale” maliciously spread via WhatsApp. The attacks targeted users who were trying to win ‘


SIDBI’s state-wise MSME programme now partners with Assam to offer these benefits to small businesses

Ease of Doing Business for MSMEs: The partnership with Assam is part of SIDBI’s initiative to set-up such PMUs in 11 states including Gujarat, Odisha, Maharashtra, Tamil Nadu, New Delhi, Haryana, Ra

MSME, dues clearance, ECLGS, credit guarantee scheme

Amazon Small Business Day: 55,000 SMBs, artisans, weavers women entrepreneurs received orders

Held on December 12, the Small Business Day event has seen the "highest ever participation and biggest ever opening" for its Small and Medium Business (SMBs) sellers, a statement said.

CAIT Accused Amazon for indulging into various serious contraventions of FDI Policy of the Government and Foreign Exchange Management Act FEMA, confederation of all india traders
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