Company News
Urban Ladder Looks to Expand its Presence to Coimbatoreedit
Urban Ladder, a home furnishing company, Tuesday said it proposes to open a store here as part of its expansion plans. “I’ve always been fascinated with Coimbatore as an economy and city due to its dynamism and rich cultural heritage,” CEO and co-founder of Urban Ladder Ashish Goel said in a press release here.
Publication : Tamil Anjal
Date : June 28, 2019
Competition and Industry News
Instagram threatening Amazon with its e-commerce plansedit
The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends to do. In his first public interview on the company’s future strategy since taking over at Instagram last October, Mosseri told an English daily that his plan for the firm is to “connect the dots thoughtfully” among shoppers, sellers and what he called Instagram’s huge number of “influencers.”
Publication : Livemint
Date : June 27, 2019
E-commerceA Timeline Of How India’s Ecommerce Industry Ended Up At The Centre Of A Global Stormedit
This was supposed to put a stop to the backdoor method being employed by Amazon and Flipkart to circumvent the FDI rules by acting as sellers on their platforms. At the time of releasing the amendments in December 2018, the government had said it would give the companies until February 2019 to comply with the rules.
Publication: Inc 24
Date: June 28, 2019