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Alibaba shopping festival sells $2 bln in first one hour

 Alibaba Group Holding Ltd said about $2 billion worth of goods were sold on the e-commerce giant`s websites within the first hour and 12 seconds of its annual shopping festival.

PM asks Varanasi weavers to utilise growing e-commerce market

Pitching for modernisation of the textile sector, Prime Minister Narendra Modi Friday asked the weavers to utilise the growing e-commerce market to reach out to global consumers even as he announced a package of Rs 2,375 crore to revive banks in eastern UP.

Facebook to shut down Gifts service in latest e-commerce shift

Facebook Inc will shut its 2-year-old Gifts shop on Aug. 12, as the world`s largest social network tests other ways to let consumers buy products on its website.

E-tailers plan ahead to cast a wide net in India

As all eyes are on Chinese e-commerce giant Alibaba’s plan to launch the largest ever initial public offering in US, e-commerce market in India is taking a few baby but definite steps to carve a place for itself under the Sun.

BlackBerry launches Z3 smartphone in India

BlackBerry has launched their latest Z series smartphone, Z3, which will be available for pre-order starting today via selected e-commerce websites and BlackBerry stores, in New Delhi.

E-commerce cos hail Modi for advocating tech push in retail

Prominent players in the-commerce space have welcomed BJP`s Prime Ministerial candidate Narendra Modi`s stance for pushing for the use of technology in retail.

Worldfloat takes on OLX, Flipkart; introduces e-commerce

Social networking site Worldfloat says it has introduced e-commerce feature taking on major players like OLX, Flipkart and Snapdeal in discount deals markets.

Social media still doesn`t drive e-commerce sales: Study

Despite the frenzy around social media obsession and the red-hot IPOs, they still fail to drive e-commerce sales, a research firm has revealed.

`It’s a very special feeling to have created a brand like Inkfruit`

A former student of IIT Bombay and IIM Lucknow, Kashyap Dalal, the co-founder of, talks about his future plans…

Bollywood meets e-commerce, targets youth

Innovative marketing is on a new high in tinsel town and the growth of e-commerce has only spurred the trend by opening up new platforms for Bollywood. An increasing number of filmmakers are collaborating with online portals for promotional purposes as well as to sell movie-related merchandise.

Facebook users spend at least 8 hrs a day on site

One in nine Facebook users admit to spending a daily average of eight hours on the social networking site.

After e-commerce, now is the turn of social commerce!

The fast increasing social media population hooked onto Facebook, Twitter, etc is set to give a big boost to the already burgeoning domestic e-commerce.

Yahoo to sell back 20% of holding to Alibaba Group

Struggling Internet firm Yahoo Inc has said it will sell half of its stake in Alibaba Group back to the Chinese e-commerce company for USD 7.1 billion.

US online spending up

US online retail spending reached $44.3 billion in the first three months of this year, with help from shoppers using tablet computers to buy clothing and other items.

Facebook e-commerce: The next big thing?

A group of e-commerce start-ups, backed by some of the tech world`s most pedigreed financiers, are betting that Facebook Inc can become an e-commerce powerhouse to rival Inc and eBay Inc.

`Indian e-comm mkt may touch $260 bn by 2025`

Domestic e-commerce market has the potential to grow between USD 125 bn and USD 260 bn by 2024-25, according to an industry report.

No. of users transacting online to be 39 mn by `15

At present, about 8-10 million people in India transact online.

E-commerce changing India`s art mart: Saffronart CEO

E-commerce sites are changing the way people buy art in the country, says Dinesh Vazirani, CEO of India`s biggest online art auction house Saffronart.

Google buys daily deal aggregator The Dealmap

The Dealmap, launched in May 2010, aggregates offers from lots of daily deal websites.

E-commerce in protected wildlife booming

From ivory trinkets to live parrots, the Internet has become a virtual supermarket in imperilled species that is hard to track and even harder to crack.