RJ Corp, promoted by PepsiCo’s bottling partner and diversified entrepreneur Ravi Jaipuria, is venturing into the retail business.
"About 95% of such cases are transferred to the complainant through arbitration and some might get dismissed and some might go to the courts," Krishnaa said.
Confirming the development, DIPP Secretary Amitabh Kant said, “We have just received Apple’s proposal. We are examining it.”
The state government had, about six months ago, mandated online buyers who bought any product exceeding Rs 5,000 in value to file a VAT declaration.
Howard Schultz, chief executive of Starbucks Coffee Co., said he is excited about India and that it is one of the best markets for the Seattle-based company to be present in.
Harminder Sahni, founder of retail consultancy Wazir Advisors, said the Amazon-Future Group deal was nothing more than a headline-grabbing proposition to begin with.
End of sales season? Fashion retailers witness poor business despite early sales owing to warm winter
In Delhi, a major market for winterwear, the odd-even vehicle rationing is also hurting sales as fewer people are visiting malls, said industry executives.
According to industry executives, the space has become vacant as Flipkart cut its reliance on WS Retail, which was originally part-owned by the ecommerce company’s founders.
Last year, it withdrew an application as the US fashion company’s proposal had been stuck for more than three years due to regulatory issues.
The department has also suggested that it’s up to the financial watchdogs to investigate whether there has been any violation of FDI rules by online retailers.
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