New Delhi, March 7 (IANS) E-commerce marketplace Meesho has received an income tax demand of nearly Rs 1,500 crore for the assessment year 2023–24 and said it will challenge the order, stating that it disagrees with the tax department’s observations.The demand was issued through an assessment order under Section 143(3) of the Income Tax Act, 1961 along with a demand notice under Section 156.According to an exchange filing, the tax authorities have raised a total demand of Rs 1,499.73 crore, …
Latest E-commerce News & Updates
New Delhi, March 6 (IANS) Credit card spending in India rose 8.1 per cent year-on-year (YoY) to Rs 2.05 lakh crore in January 2026, driven by momentum in e-commerce transactions, a report showed on Friday.The report by CareEdge Ratings also said that public sector banks (PSBs) registered a 7.1 per cent YoY growth in outstanding cards — a significant jump compared to private banks.In terms of transactions, digital payments continued to dominate credit card usage, with e-commerce accounting for o…
Kathmandu, March 5 (IANS) As Nepal voted to determine its people’s representatives in a high-stake election held on Thursday, an entrepreneur and social media enthusiast ploughed a unique furrow to prove election campaign need not be expensive to win a favourable mandate. “Election campaign can be done cheap; I’ve proved that by keeping the total expenses limited to around Rs 5 lakh Nepalese rupees (about 3.1 lakh Indian rupees),” Asheem Man Singh Basnyat claimed, an independent candidate from K…
New Delhi, Feb 23 (IANS) Corporate India is expected to roll out an average salary increase of 9.1 per cent in 2026, with Global Capability Centres (GCCs) leading the growth in pay, a new report said on Monday.GCCs are expected to offer the highest increments at 10.4 per cent, driven by strong global demand for digital and technology capabilities, according to the latest Future of Pay report by EY India.The financial services sector is likely to see salary hikes of around 10 per cent, followed b…
Hyderabad, Feb 22 (IANS) Union Communications Minister Jyotiraditya Scindia on Sunday said public trust in India Post remains strong, with more than 38 crore savings accounts currently being operated through post offices across the country.Addressing a conference of over 9,000 Gramin Dak Sevaks (GDS) in Andhra Pradesh’s Guntur district, attended by Chief Minister N. Chandrababu Naidu, the Minister highlighted the role of postal workers in strengthening financial inclusion and last-mile connect…
New Delhi, Feb 18 (IANS) Around 73 per cent of employers intend to hire freshers during January–June 2026, marking a rise of 3 per cent from the previous half‑year, with a shift toward selection frameworks that prioritise demonstrable skills, a report said on Wednesday.The report from TeamLease EdTech said retail led sectoral intent at 91 per cent, e‑commerce and technology start‑ups at 90 per cent and manufacturing at 85 per cent.The report highlighted the most in-demand roles in retail…
New Delhi, Feb 13 (IANS) India’s share in global electronics demand has expanded at a rapid compound annual growth rate (CAGR) of 17.2 per cent, significantly outpacing global growth of 4.4 per cent between 2015 and 2024, driven primarily by the sharp rise in mobile phone exports, according to NITI Aayog’s Trade Watch Quarterly report for July-September 2025-26, launched on Friday.Between 2016 and 2024, electronics exports increased nearly five-fold, reaching USD 42.1 billion. With global elec…
Mumbai, Feb 5 (IANS) The warehousing stock in India reached 610 million square feet in 2025, and more than half of this was premium Grade A space, a report showed on Thursday.Institutional-backed Grade A assets now account for 38 per cent of quality stock, bringing standardised development, enhanced specifications, and attracting global occupiers, sand the JLL report. Logistics (3PL) and e-commerce lead storage demand, while light manufacturing, driven by auto, engineering and electronics, is gr…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman, presenting the Budget 2026-27 in the Parliament on Sunday, announced that the government will roll out a Customs Integrated System (CIS) in two years as a single, integrated and scalable platform for all customs processes.The Finance Minister also said that the utilisation of non-intrusive scanning with advanced imaging and AI technology for risk assessment will be expanded in a phased manner, with the objective of scanning every conta…
New Delhi, Jan 16 (IANS) In a bid to strengthen India’s e-commerce and MSME sectors, the government on Friday said it has extended export incentives to postal shipments, with effect from January 15.The Central Board of Indirect Taxes and Customs (CBIC) said it has extended export-related benefits under the Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP) and Rebate of State and Central Taxes and Levies (RoSCTL) schemes to exports made through the postal mode in electr…