This research paper critically examines the role of e-business innovation on a firm's performance in capital goods and mining industry. It discusses e-business innovation and how this affects the business success by combining early adoption and innovative use of e-business to an entities performance. The paper reviews the literature on e-business and its impact on profitability, organizational innovation, and technology strategy. It also discusses the challenges and opportunities of e-business adoption and its impact on supply chain management and partnership. The paper concludes with a discussion on the effect of e-business on social sustainability and the importance of e-business implication on tourism and telecommunication sectors.