“We have and we will continue to operate within the parameters of the laws and policies of India as we do in each country we operate in,” an Amazon India spokesperson said.
The ecommerce industry’s response to new government rules is boiling down to a tug of war between Amazon versus the rest.
Consumer electronics cos were up against online discounting, since almost 70%-75% of online sales in India were generated from mobiles, TV, etc.
Forever 21 entered India half a decade ago and has changed a partner already before tying up with DLF Brands but hasn’t been able to scale up business.
Payments were made for the first year but stopped in Sept 2014 due to adverse market conditions and a liquidity crunch, as per court documents.
Adidas had in November 2015 announced its intent to open its first fully-owned outlet in India in the second half of the fiscal.
Budget 2016: Retailers like Walmart, Tesco to gain as govt allows 100% FDI in multi-brand processed food retailing
This far-reaching reform will benefit farmers, give impetus to domestic food processing industry and create vast employment opportunities, Walmart India said.
Finance Minister Arun Jaitley in his Budget 2016 speech highlighted the various measures that the Modi government plans to take for the sector.
AJIO.com has been tested among some employees since December. It will be opened to all employees later this week through an official communication, people said.
German incubator Rocket Internet likely to sell online furniture retailer FabFurnish to Future Group
German incubator Rocket Internet, is already in talks with Kishore Biyani-led Future Group for the sale of its online furniture retailer FabFurnish.
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