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| 24 September, 2020, 04:40 AM IST | E-Paper
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    'KVIC forces Flipkart, Amazon, Snapdeal to remove fake khadi products'

    These e-commerce portals were selling products like Khadi masks, herbals soaps, shampoos, cosmetics, herbal mehandi, jackets, kurta and many such products through different sellers using this brand name.

    Flipkart partners Max Fashion to expand fashion category ahead of festive season

    The partnership will provide Max Fashion with wider market access as its products across categories, including apparel and accessories, footwear, will be available in newer geographies and pin codes.

    Amazon India adds 4 vernacular languages to woo shoppers ahead of festive season

    Walmart-owned Flipkart had introduced Hindi interface for customers last year, and added Tamil, Telugu and Kannada in July this year. Smaller rival Snapdeal on Monday announced that its app is now available in eight languages, including Hindi, Tamil, Kannada, Telugu, Malayalam, Gujarati, Punjabi and Marathi, in addition to English.

    Apple Inc-owned webstore debut in India: Products being sold at maximum retail prices

    Apple products, such as iPhones and iPads, are sold at up to 12% discount in the online marketplaces and even the webstore of top retail chains like Reliance Digital and Croma. Discounts tend to be higher during busy shopping days, like the upcoming festive season.

    Amazon, Flipkart mulls leasing warehouse space to meet festive sales rush

    Both companies expect their sales to outpace existing fulfilment centres and are looking for incremental storage areas for the next few months, until they develop their own facilities.

    Small sellers on e-commerce platforms face funds crunch for stocking up before festive season

    Banks and non-banks have tightened eligibility for loans to third-party ecommerce sellers, inducing a demand-supply constraint in working capital loans to online sellers, according to multiple players, executives and industry watchers.

    Big Billion Days to create 70,000 seasonal jobs this festive season: Flipkart

    The Bengaluru-based company said while direct job opportunities will be created across Flipkart's supply chain, including roles like delivery executives, pickers, packers and sorters, there will also be additional indirect jobs created at Flipkart's seller partner locations and kiranas.

    First-time buyers from small towns may help etailers bag big gains this festive season

    ​​The season will be dominated by a fight for market share among three big online platforms — Amazon, Walmart-owned Flipkart and new entrant Reliance JioMart. Also expected to gain from the boom in online buying are e-grocers BigBasket and Grofers, furniture etailers such as Pepperfry, beauty and grooming platform Nykaa, and baby care platform FirstCry.

    Reliance Retail increases advertisements four times in July-August for more visibility

    Reliance Trends and Reliance Digital including My Jio Store were the top brands advertised by the conglomerate. From ranking 162 in the list of top advertisers on TV, according to Adex data, Reliance Retail moved to the 32nd spot this year during July-August period.

    E-commerce giants look to join hands with local retailers ahead of festive season

    For the retailers, such partnerships with e-commerce is helping to liquidate inventory considering shopping has majorly moved to e-commerce post Covid, they said.

    Flipkart veteran Anil Goteti resigns as senior vice president

    Goteti started his career in 2012 as a director of the books and eBooks segment. He currently leads customer growth and monetization as senior vice president.

    IKEA to raise Rs 5,000 crore in India via debentures, issue Rs 550 crore as first tranche

    In a registrar of companies filing, the local unit of Swedish retailer said it will issue debentures to IKEA Asia Treasury Centre Limited for Rs 550 crore as the first tranche.

    Flipkart starts hyperlocal service 'Flipkart Quick', to expand to 6 cities by year-end

    Flipkart said its hyperlocal service, dubbed Flipkart Quick, will also sell mobile phones and stationery items, taking it a step further than existing quick-delivery services which mainly offer just groceries. Flipkart Quick will debut in select locations in Bengaluru, the company said, without specifying a launch date.

    E-tailers poised to clock $7 bn festive month sales in 2020: RedSeer

    Festive sales are expected to almost double this year and touch USD 7 billion in gross merchandise value (GMV) as compared to USD 3.8 billion in the same period last year, according to a report by research firm RedSeer.

    Flipkart gross merchandise value (GMV) exceeds pre-Covid-19 level: Walmart

    According to the company, its net sales and operating results were "significantly affected" by a continuation of the global health crisis. However, increased demand for products across multiple categories led to strong top-line and gross margin results, it added.

    Amazon, Flipkart pad up for T20 sale beginning tomorrow before festive test

    Amazon’s two-day sale will be its first large promotional event since the easing of the lockdown. Flipkart’s four-day event will focus on electronics, appliances and fashion.

    Longest online festive sales likely this year, groceries to kick off Diwali battle

    To take on Reliance JioMart, Flipkart, Amazon and others starting big sales early this year. These platforms are looking at the last week of September to begin the special festive sales, which will continue all the way till Diwali in the second week of November, brands told ET.

    After Jio juggernaut, Reliance Future-proofs retail arm to woo potential investors

    The acquisition of Future Group's 2,000 retail stores and Big Bazaar grocery chain will help Reliance, which sells everything from groceries to electronics through 11,000-plus stores, to broaden its extensive reach across the country.

    Big Saving Days Sale nets e-tailer Flipkart over Rs 2,600 crore in gross merchandise value

    After a gap of almost four months, e-commerce giants resumed online sales beginning June, addressing continued demand from customers for home essentials including electronics and appliances.

    Flipkart rolls out 'dark stores' for deliveries as it takes on Reliance's JioMart

    Last week, Flipkart announced the launch of its hyperlocal services called ‘Flipkart Quick’ in various parts of Bengaluru, where consumers can book a two-hour delivery of about 2,000 products like grocery, fresh items and smartphones, among other electronic items.

    To fight Amazon and Reliance JioMart, Flipkart wholesale will pick up Walmart’s best price

    Walmart has long been scouting for a viable and competitive business model for the Best Price brand, which consists of 28 stores and ecommerce operations.

    Amazon faces new antitrust challenge from Indian online sellers: Report

    The case presents a new regulatory challenge for Amazon in India, where it has committed $6.5 billion in investment but is battling a complex regulatory environment. The group alleges that Amazon India's wholesale arm buys goods in bulk from manufacturers and sells them at a loss to sellers such as Cloudtail.

    Now, Flipkart signs MoU with Assam government to promote local art, craft and handlooms

    According to the state government, the partnership with the Industries and Commerce Department under the ‘Flipkart Samarth’ programme will enable national market access for Assam’s artisans, weavers, and craftsmen, allowing them to showcase their hallmark products on Flipkart’s marketplace.

    Amazon, Flipkart expect big jump in festive sales; ask sellers to place large orders with brands

    Five executives aware of the business projections said the two companies expect consumers will increasingly do their festive-season shopping online due to the pandemic, a trend evident in the success of recently concluded promotions earlier in the month.

    E-commerce firm Flipkart buys Walmart's India wholesale business

    Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal. Financial terms for the deal were not disclosed.

    54% rise in number of transcating sellers during Independence Day sale: Flipkart

    Flipkart held an 'Independence Day Sale' from August 6-10, where sellers on the platform witnessed significant business growth. About 8,000 newly onboarded sellers participated in their first sale event and over 450 of them became 'lakhpatis' over these five days, Flipkart said in a statement.

    Flipkart signs pact with IIT-Patna for joint research in artificial intelligence, machine learning

    As part of the MoU, IIT-Patna will undertake a number of programmes such as joint research activities, writing research papers, organising seminars and internship/mentorship opportunities, according to a statement.

    Pandemic has brought in a much-awaited shift in how brands sell their products

    W for Woman, Benetton, Pepe, Jack & Jones, Inglot among dozens of other labels are currently either piloting or upgrading their technologies to bring their store inventories on those e-commerce platforms, companies and sources said.

    Alibaba has no role in Snapdeal’s governance, operations: Kunal Bahl

    ​Certain practices are not in the right spirit of the law, which always create a distorted picture of competition; that is a non-ideal situation for us.

    Chemist body AIOCD writes to Jeff Bezos, says e-pharmacies are 'illegal'

    The All India Organisation of Chemists and Druggists (AIOCD), which claims to represent 8.5 lakh chemists, on August 14 wrote to Bezos and his India CEO Amit Agarwal saying the online pharmacy space "has been marred by extreme controversies, court cases, and legal issues in last few years."

    Walmart's Flipkart eyes overseas listing as early as 2021: Sources

    "Flipkart is incorporated in Singapore, but listing in the United States, where parent Walmart is headquartered, could give it access to a deeper pool of funds," one of the sources said.

    Tata Group getting huge digital makeover in ambitious ecommerce push to take on Amazon, Reliance

    The Mumbai-based group is stepping up efforts to have a significant presence online. Reliance just finished raising more than $20 billion from investors, including Facebook Inc. and Google, for its digital services platform, while Amazon founder Jeff Bezos has bet $6.5 billion on growth in the world’s second-most populous country.

    Online channels accounted for 43% of Indian smartphone sales in Q2, says Counterpoint

    The increase in online channels share is due to a shift in consumer behaviour, who are now preferring contact-less shopping experience and practicing social distancing, according to the Counterpoint report.

    Walmart-owned Flipkart supports 6 lakh artisans in India through Samarth programme

    The Samarth programme was launched last year, wherein the e-commerce major had partnered with five non-governmental organisations (NGOs) to help artisans use the online marketplace to sell their products.

    Tiger Global moves High Court seeking stay against Flipkart-Walmart deal tax ruling

    According to people familiar with the matter, Tiger Global International IV Holdings has filed an appeal in the Delhi High Court where it has sought an injunction against a Mumbai Authority of Advance Rulings' order issued in March this year.

    Reliance Ind's fashion portal Ajio emerges as a strong rival to Walmart-owned Myntra

    More than a dozen global and Indian sellers on both platforms said Ajio is already in the reckoning and many of their businesses have reached almost half of what they do on Myntra, which Walmart owns through Flipkart

    Amazon CEO Jeff Bezos unsure on seller data's use, sparks concerns in India

    Amazon founder and CEO Jeff Bezos can't "guarantee" if the e-tailer has not used third-party seller data to aid its private label business, even though it has a policy against the practice, he said at a US Congressional hearing on Wednesday.

    Mention country of origin tag by August 10 or face action: Amazon India tells its sellers

    The trade ministry has called for e-commerce sites to name the country of origin beside product listings as Prime Minister Narendra Modi pushes for a self-reliant nation. The govt last month banned 59 Chinese-origin apps and held up Chinese-made goods at ports after a violent border clash between India and China.

    Flipkart allows PhonePe rival Paytm at checkout

    Both platforms have had their share of taking digs at each other in public, with the most recent one being the Yes Bank moratorium scare in March when PhonePe was unavailable for nearly 24 hours.

    Amazon, D-Mart lead in customer experience survey: Consulting firm Kantar

    Online retailer Amazon and D-Mart have emerged as winners in a report based on customer experience scores by the data, insights and consulting firm Kantar.

    Samsung sees 10% India biz coming via online store by 2021-end

    The company, however, did not disclose the revenue targeted via the online route. Samsung sells its products through e-commerce platforms like Flipkart and Amazon as well as brick-and-mortar stores.

    Flipkart Wholesale launches service in 3 cities

    Flipkart Wholesale will compete with other deep-pocketed players like JioMart, Udaan, Metro Cash & Carry, and Amazon’s B2B division.

    Sellers on Amazon India to disclose 'country of origin' of products by August 10

    Amazon said in the email that ‘country of origin’ will be introduced as a mandatory attribute from July 21. “You will be required to provide information for country of origin mandatorily for all your new and existing listings,” it said. “Failure to provide information in the country of origin attributed to August 10, 2020 may lead to enforcement action including suppression of your listing.”

    Apparel and electronics makers will not offer steep discounts this festive season

    Apparel retailers have limited stock, mostly what remained unsold since March when the country went into the lockdown. For smartphone and electronics firms, demand has outstripped supplies, especially in products priced below Rs 15,000, negating the need for big discounts. In categories such as television, the discounts are the lowest in at least five years, as a component shortage is affecting their production and supplies.

    Walmart's Flipkart starts wholesale e-commerce service in India

    Flipkart, majority-owned by Walmart Inc, bought the U.S. retail giant's wholesale business in India in July.

    Delhi HC stays tax assessment proceedings against Tiger Global on Flipkart-Walmart deal

    The Delhi High Court has issued notice to income tax authorities for filing a response within 10 weeks, and will hear the matter next on January 18, 2021, people familiar with the development told ET.

    Amazon, Flipkart to increase warehouses

    Amazon’s India unit has contracted 2 million sq ft while Walmart-backed Flipkart has contracted 1 million sq ft across Bengaluru, Mumbai Metropolitan Region, Hyderabad, Pune, Ahmedabad, Lucknow and Coimbatore, said multiple persons aware of the development.

    E-commerce industry seeks 6-7 months to comply with consumer protection rules

    E-commerce industry associations have sought more time - at least 6-7 months to comply with the new consumer protection rules, including one that requires e-tailers to mandatorily display the ‘country of origin’ of goods.

    Flipkart, Swiggy, Amazon step up safety measures to win customers' trust

    Firms like Flipkart, Zomato, Amazon are investing in safety measures to win back the faith of the customers.

    Retail chain DMart owner, Avenue Supermarts shelves cash-and-carry plan

    Avenue Supermarts, the operator of retail chain DMart, has pushed back plans to enter the cash-and-carry business amid the disruption caused by the Covid-19 pandemic, and said it will focus largely on brick-and-mortar retailing for the time being.

    After Amazon, Flipkart in talks for e-pharmacy business

    Both Amazon and Flipkart's interest in medicine delivery comes at a time when the industry is seeing consolidation with Reliance Industries being in the final stages of the process to close the acquisition of NetMeds.

    NGT asks CPCB to explain coercive steps taken against Amazon, Flipkart

    A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said the report filed by the apex pollution monitoring body does not mention the coercive steps taken in accordance with the provisions of the Environment (Protection) Act, 1986 and the plastic waste management rules.

    Khadi India forces take down of 160 web links from Amazon, Flipkart for misusing its 'Khadi' brand name

    The KVIC had recently served legal notices to over a 1000 firms using the brand name “Khadi India” to sell their products. KVIC had alleged that this was causing damage to its reputation and loss of work for thousands of Khadi artisans.

    Flipkart launches its startup accelerator program Flipkart Leap

    Flipkart Leap will identify B2C and B2B startups and will conduct a 16-week virtual program.

    Flipkart may consolidate Walmart's wholesale ops

    The Bengaluru-headquartered company, in which Walmart bought 77% stake for $16 billion in 2018, is also in the process of relinquishing the space in Gurgaon used as headquarters by Walmart India, which runs 28 Best Price stores across India, with plans to relocate its employees to Bengaluru.

    In a first, Amazon beats Flipkart in smartphone sales

    The development comes at a time when sales of several goods, including smartphones, are increasing owing to the pandemic, forcing shoppers to stay home.

    Amazon, Flipkart, Bigbasket, other internet companies bulk up blue-collar jobs ahead of festival rush

    These companies are choosing variable pay models to cut down on liabilities, including lowering fixed costs per executive, moving staff to daily wages instead of monthly billings, and negotiating harder on the cost of hiring.

    Flipkart plans to list overseas in 2021; eyes $50 billion valuation

    Flipkart has begun talks with investment banks like Goldman Sachs and Morgan Stanley, among others, as a first step towards taking the company public.

    Flipkart signs MoU with Karnataka govt to Promote local art, craft and handlooms

    Both the Government of Karnataka and the Flipkart Group will focus on creating avenues to increase business and trade inclusion opportunities for these underserved segments of the society, thereby adding further thrust to Made in India efforts.

    Walmart's Flipkart eyes alcohol delivery foray with Indian startup, letters show

    Flipkart and Amazon's interest in delivering alcohol in India marks a bold move to make inroads into an alcohol market that is worth $27.2 billion, according to estimates by IWSR Drinks Market Analysis.

    Flipkart elevates five senior executives as senior VPs

    This brings the total number of executives at the level of Senior vice-president to 14 in the homegrown etailer.

    Chinese gaming and social media group Tencent puts $ 63mn in Flipkart's $1.2 bn round

    Chinese gaming and social media group Tencent has invested $62.8 million in Flipkart's $1.2 billion round, regulatory filings in Singapore showed. Filings were sourced from business intelligence platform Paper.vc that says Tencent owns 4-5.

    E-commerce platforms have to display country of origin on imported products: Centre to HC

    The submission was made in an affidavit placed before a bench of Chief Justice D N Patel and Justice Prateek Jalan by the central government.

    Flipkart pledges 100% transition to electric vehicles by 2030

    The 'EV100 initiative brings together forward-looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030.

    Flipkart owner not surprised by Facebook’s Jio investment

    Last month, Facebook had bought 9.9% stake in Jio Platforms for Rs 43,574 crore, making it the largest minority shareholder in the holding firm of Reliance Industries’ digital businesses including Reliance Jio Infocomm.

    Amazon India scraps single-use plastic in packaging across centers

    The Indian unit of Amazon.com Inc has eliminated all single-use plastic in its packaging across fulfillment centers in the country, in line with its target to weed out the packaging material by June.

    Flipkart launches accelerator programme for idea-stage startups

    Throughout the programme, Flipkart’s leadership team from business, operations, product, and technology will mentor the selected entrepreneurs, and share best practices, in addition to sessions hosted by industry expert.

    NGT directs CPCB to recover fine from Amazon, Flipkart for excessive plastic packaging

    CPCB has earlier told the NGT that e-commerce giants need to fulfil their extended producer responsibility under the Plastic Waste Management Rules, 2016, and need to establish a system for collecting back the plastic waste generated due to the packaging of their products

    Flipkart's limited India operations hit global growth: Walmart

    Flipkart's sales plunged after the Centre put restrictions on ecommerce companies.

    CCI dismisses case of abuse of dominance against Amazon

    According to the order, BHPC, the informant, claimed that Amazon Sellers Service, through its dominance of the online fashion retail space and together with its affiliates Amazon Exports Sales and Couldtail India, created unfair market conditions and barriers to entry to the relevant market in India.

    Walmart says Flipkart's 'limited operations' negatively affected Q1 growth

    "E-commerce contributed 9 per cent of total segment net sales, led by growth in China, Canada, UK and Mexico. Limited operations of the company's Flipkart business in India for a portion of the quarter negatively affected growth," said Walmart in a post earnings statement.

    CenturyPly forays into Indian e-commerce market by joining hands with Flipkart

    This is a first of its kind association where a building material company has stepped into the e-commerce space to cash in on the spike in online shopping and digital consumption post the pandemic outbreak, said a press statement issued by the company.

    Flipkart, Amazon, Paytm, others rush to get a pie of growing insurance market

    Flipkart, Amazon, Ola, Paytm, PhonePe and Freecharge are selling diversified sets of policies — ranging from health, life, motor, and business risk — for customers and merchants through tie-ups with traditional insurance firms.

    Flipkart to acquire Walmart India’s wholesale business

    Since early this year, Flipkart has been ramping up its manufacturer engagements, and supply chain capabilities in the run-up to the launch.

    India’s e-commerce penetration will double to 11 per cent by 2024: Goldman Sachs

    E-commerce is expected to register a growth of over 18% for the current year but estimates for 2021 and 2022 show a year-on-year growth rate of over 33% and 28% respectively. To compare, growth rates for the same period for the US are 17% and 19%, while it is nearly 11% for China in the next two years.

    Does your business need Amazon and Flipkart to sell online? For many, it cuts both ways

    Covid-19 has fuelled the adoption of e-commerce among small businesses. However, the gains of selling on an ecommerce portal may be limited because of the rising cost of doing business online, limited awareness and lack of level-playing field.

    Amazon, Google face tough rules in India’s ecommerce draft

    E-commerce companies will be required to make data available to the government within 72 hours.

    E-commerce sales volumes back at pre-Covid levels

    The volume jump in recent weeks was led by the significant uptick in sales of electronics, according to data from Unicommerce, a technology solutions provider for the ecommerce industry.

    Covid-19 Impact: E-commerce gives a big boost to home fitness accessories as gyms remain shuttered

    Decathlon said it had noted over 141% volume growth in the sale of gym benches and bench racks and 141% increase in demand for dumbbell kits or individual dumbbells. Even though the firm has reopened 60% of its stores following the relaxation of the lockdown, Decathlon has taken to phygital stores or app-based shopping with reserve-and-collect feature to sell its products.

    RIL in talks to sell minority stake in retail business to Walmart: Report

    The world’s largest retailer is emerging as an early candidate to pick up a stake in India’s largest retail company, the Morning Context said citing an executive familiar with the development.

    Flipkart to transition its last mile fleet to electric vehicles by 2030

    EV100 is an initiative by Climate Group, an international non-profit organization that works with businesses and governments for rapid reduction of greenhouse gas emissions through faster adoption of renewable energy.

    DPIIT to hold meeting with ecommerce firms on Wednesday

    The DPIIT has called a meeting of ecommerce companies on Wednesday amid domestic traders' demand to make it mandatory to mention 'country of origin' on each product sold at their platforms, according to sources.

    Flipkart group CFO Emily McNeal quits

    Sources in the company said, McNeal’s role will now be divided between Sriram Venkataraman, who is expected to take over as the CFO of Flipkart as well as the fashion etailer Myntra, and Adarsh Nahata who is currently PhonePe’s CFO.

    Chinese brands and retailers say no impact on sales due to border tension

    Four leading cellphone and electronics retail chains said consumer sentiments towards Chinese brands have not changed since they perceive them to be value for money and good quality. A senior executive with a leading e-commerce marketplace said there is no dip in sales of the Chinese smartphone and electronic products.

    Tiger Global to move court over denial of tax relief on Flipkart stake sale

    Tiger Global entities had approached the AAR after the Income Tax Department rejected their application seeking benefits under the India-Mauritius Double Tax Avoidance Agreement (DTAA). The authority held that the Mauritius-registered companies were only “see-through entities” to avail of the benefits under the tax treaty and indicated that the real beneficiary was the US firm.

    Apple to launch India webstore on Sept 23, one of the few foreign cos to sell online before offline

    In August last year, India amended the rules to include exports and contract manufacturing to be counted as part of the mandatory 30% local sourcing norm for single-brand retailers over a period of five years. This paved the way for the Cupertino-based tech giant to open its stores in the country.

    Flipkart-Spencer's Retail confirms partnership; Flipkart exploring more alliances

    As part of the deal with Spencer’s, the retailer will become a seller on the Flipkart platform and sell special packs of staples and FMCG products which will be delivered by Flipkart’s last-mile delivery network. This is probably one of the first such partnerships between an ecommerce firm and a retailer, industry executives said.

    Flipkart and IIT Patna partner for industry focused research

    This partnership will help the two to create industry focused applied research in the areas of Artificial Intelligence (AI), Natural Language Processing (NLP) and machine learning (ML).

    Flipkart focusing on hygiene and safety parameters

    The e-commerce marketplace is also constantly monitoring the health of its employees and delivery associates using thermal guns, a company spokesperson said.

    Reliance to expand JioMart to fashion, phones, electronics; bets on hyperlocal model

    Two senior industry executives said while Reliance Retail stores are currently fulfilling orders in JioMart, it will eventually have a hybrid model whereby its own retail stores and local neighbourhood shops will be roped in for order fulfilment.

    Flipkart inks pact with Assam govt to promote handloom, handicraft sectors

    Flipkart Samarth programme has been playing a significant role in building capabilities within the rural and the underserved society of the country.

    Walmart Foundation announces grants to help small farmers

    The aim is to help FPOs develop knowledge of sustainable farming practices, share business best practices, add value to primary agricultural commodities and improve access to finance and markets.

    Sennheiser India brings festive cheer, adds a dash of luxury to new earbuds priced at Rs 16,990

    It offers customisable controls, built-in equaliser and battery life.

    Flipkart CEO mails staff on change of plans

    “We respect the decision because the government has many complex scenarios to manage while protecting more than a billion people in the country,” Krishnamurthy wrote in an email to employees. ET has reviewed a copy of the email.

    Lockdown positive: E-grameen goes to town on its rural feat

    The hyperlocal ecommerce platform, which could give tough competition to Flipkart, Amazon and BigBasket, among others, is now targeting to reach every panchayat in the country, they said.

    E-commerce sales surge for food & grocery retailers in April-June quarter

    Leading brick-and-mortar chains such as Reliance Retail, Spencer's Retail, More, Nature's Basket, Tata-owned Star, Big Bazaar and Easy Day strengthened their e-commerce, home delivery or launched store-on-wheels visiting apartment complexes last quarter after consumers visiting stores reduced drastically due to lockdown and restrictions on movement.

    What does Mukesh Ambani eke out from each of his new investors? Less than $2 a month

    That $20 billion fund-raising spree has already met the refining and petrochemicals czar’s goal of making his flagship Reliance Industries Ltd. net-debt-free, giving it enviable financial strength just as the coronavirus pandemic is taking a toll on most other balance sheets.

    Offline phone retailers accuse Samsung of misusing customer data to drive sales on its site

    Samsung had distributed gift vouchers worth Rs 10,000 each for buying its Note20 from mom-and-pop stores. “But those vouchers could only be redeemed at Samsung.com,” the All India Mobile Retailers Association (AIMRA) said.

    Push for 'country of origin' tag for eGoods

    ​​The move to have Amazon, Flipkart, Snapdeal and others display the ‘country of origin’ follows a mandate by the government’s own e-procurement portal Government e-Marketplace (GeM) for sellers to specify the ‘country of origin’ of goods.

    Amazon sees discretionary spending coming back for festivals

    While electronics will continue to dominate in terms of value of products sold during the festive season, Amazon expects to see a resurgence in demand for fashion, home and kitchen products and large appliances.

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