e-commerce
This decision will help in ensuring compliance of FDI policy in the e-commerce sector.
Govt asks e-commerce firms to file FDI compliance report annually
06 Dec 2019 4:02 PM

Trader bodies have been raising concern over violation of foreign direct investment (FDI) norms.

More than 22,000 international brands from over 78 countries and regions will participate in this year's 11.11 on Tmall Global, Alibaba's dedicated channel for cross-border e-commerce.
Alibaba looks forward for record Singles' Day sales on November 11
10 Nov 2019 6:29 PM

India will celebrate 11.11 with the UC Shopping Festival in association with Paytm, VMate and 9Apps.

The report said traditional and modern retail, including e-commerce, have their own merits that must be integrated to provide a common platform.
Govt, industry must collaborate for digitisation of kirana stores: Report
23 Oct 2019 12:27 PM

It also said there is a need to focus on rural markets as overlooking of non-urban centres may lead to undesirable results.

Walmart-owned Flipkart and rival Amazon were forced to overhaul their business models, having been upset by changes made late last year to rules governing foreign direct investment for e-commerce marketplaces.
Walmart chief seeks stable business environment from Modi: Report
22 Oct 2019 2:59 PM

In January, Walmart told the US government privately that India's new rules were regressive and had the potential to hurt trade ties.

E-commerce companies have no right to offer discounts or adopt predatory prices. Selling products cheaper and resulting the retail sector to incur losses is not allowed, said commerce minister Piyush Goyal in Mumbai on Thursday. (Photo: File)
Govt probing Flipkart, Amazon for alleged discount sales: Piyush Goyal
18 Oct 2019 3:40 PM

Detailed questionnaires have been sent to Flipkart, Amazon and their response is awaited, said commerce minister Piyush Goyal.

In line with the Government of India's FDI policy, which allows 100 per cent foreign direct investment (FDI) in food retail for food produced and manufactured in India, Flipkart is applying for appropriate licenses from the government, Flipkart Group CEO Kalyan Krishnamurthy said in a statement.
Flipkart one ups against Amazon; to set up food retail unit in India
15 Oct 2019 4:58 PM

Flipkart did not comment on the investments planned for the new venture.

Paytm Mall business is close to break-even, USD 3 million EBIDTA loss a month and USD 1.2-1.3 billion run rate. In a day, we do 275,000-300,000 orders a day. In festive season, this peaks to half a million orders a day, double of the average day, said Paytm founder Vijay Shekhar Sharma.
Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma
14 Oct 2019 8:36 PM

Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts generating cash.

Last week, senior officials of the Department for Promotion of Industry and Internal Trade (DPIIT) held a meeting with the representatives of Amazon and Flipkart following a complaint by the Confederation of All India Traders (CAIT).
Traders' body seeks govt audit into business models of Amazon, Flipkart
14 Oct 2019 8:08 PM

...both Amazon and Flipkart in a clandestine manner refuted the issues raised by us even after showing relevant evidences, said CAIT.

As a market regulator, it would give us insights into what we need to be watchful of, and what we need to do. This, would also enable the Commission to craft a competition advocacy strategy and recommendations tailored to the needs of the telecom sector, said CCI Chairman Ashok Kumar Gupta.
CCI to conduct study on telecom sector amid changing market dynamics
13 Oct 2019 4:57 PM

India's telecom sector has witnessed a churn with stiff competition, especially after the entry of Reliance Jio.

The report says online direct-to-consumers (D2C) SMBs are expecting a promising 100 per cent growth as compared to last year's festive sales.
E-commerce platforms hope to double sales in festive season
12 Oct 2019 1:00 PM

Flipkart has added over 50,000 direct jobs across its supply chain, logistics arm and customer support.


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