Ray-Ban has converted its India website into an ecommerce platform, as the eyewear brand seeks to fight off counterfeits that flood online marketplaces.
Textile-to-retail conglomerate Arvind is in advanced talks to acquire Sequoia Capitalfunded ecommerce company Freecultr.
In an interim order, the high court ruled that GMR Sports should continue to deposit service tax with the government during the pendency of the writ petition.
Ecommerce major preparing cases against about '20 companies' to recover dues & has filed first case against Western Digital for recovery of over Rs 1 crore.
Last year, IKEA lost a trademark case in a district court against Quess Corp., which runs staffing businesses under brand IKYA Human Capital Solutions.
The government last month legalised the marketplace models operated by Flipkart and Snapdeal, allowing 100% foreign investment in such businesses.
In his April 5 interim order, Justice Rajiv Sahai Endlaw said “no criminal complaint as threatened be filed against the petitioner/its officials till the next date of hearing”.
Promising as the Indian ecommerce market seems, it would be challenging for Rakuten or any other newcomer to establish itself in the space.
Private equity firm SSG Capital Management has picked up a 40% stake in Kishore Biyani-promoted Future Supply Chain Solutions from existing investors for Rs 580 crore.
The move, according to Biyani, will also act as bulwark against Ikea, which is scheduled to open its first store in the country in 2017.
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