E shopping on surge; eBay sells a product a minute

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 03/08/2008 | 01:08 PM IST

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E-shopping on surge; eBay sells a product a minute

Press Trust of India

Sunday, August 03, 2008 (New Delhi)

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Internet shopping seems to be catching up fast in the country with every minute one product being sold on the Indian website of the world's largest online marketplace eBay.

Moreover, it is not software or other computer-related products that are catching the attention the most. It is jewellery that is the most sought and a piece of it is sold every seven minutes on eBay India, the US-based Internet auction and marketplace giant eBay's India country manager Ambareesh Murty said.

However, when it comes to the profile of people buying goods, men in the age-group of 25-30 years account for 70-75 per cent of the shoppers on eBay India, he said.

Commenting on the buying trends of products between the two sexes, Murty said that electronic gadgets are popular among male buyers and jewellery is the obvious choice of Indian women.

Besides, apparel category is the other area which is a favourite among women buyers, he said.

Coins or currency notes, mobile handsets, stamps, books, music players and watches are other popular products being sold and purchased on the website.

According to data compiled by eBay India, on an average day a piece of jewellery is sold every seven minutes, a coin or note sells every 16 minutes, a stamp sells every 19 minutes, an apparel sells every 22 minutes and a book is sold every 27 minutes.

Besides, eBay India sells a storage device or drive every 27 minutes, a home decoration piece every 34 minutes, an MP3 player every 39 minutes, a watch every 44 minutes, a movie every 55 minutes, a digital camera every 72 minutes, a top every 74 minute and an art piece every six hours.

Founded in 1995, eBay is one of the world's largest online marketplace and is present across 39 countries. It expanded into India through acquisition of Baazee.com and eBay India has over two million registered users.

The website has three formats including auction, fixed price and classifieds. The company says that its India website has over one lakh live listings on any given day.

Recently, eBay India conducted a charity auction for a day with Bollywood actress Priyanka Chopra on sets, which fetched Rs two lakh. Besides, cricket star Sacin Tendulkar's bat got Rs one lakh bid on ebay for a charity cause.