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E COMMERCE SECTOR
Amazon growing grocery biz, says India head
Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.
Government considering e-commerce policy, no timeline fixed, says Goyal
Piyush Goyal said that a draft policy covering various areas of e-com...
ReNew Power partners with GS E&C to execute solar project in Rajasthan
ReNew Power will hold a 51 per cent equity under the partnership, whil...
ReNew Power partners with GS E&C to execute solar project in Rajasthan
The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded earlier this year.
Govt asks e-commerce firms to file FDI compliance report annually
"Against Sl. No. 15.2.3, for entry (p), the following entry shall be substituted, namely-(p) e-commerce marketplace entity with FDI shall have to obtain and maintain a report of statutory auditor by 30th of September every year for the preceding financial year confirming compliance of the e-commerce guidelines," the gazatte notification said
India ranks 73rd in UN index assessing e-commerce readiness
The United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019 has been topped by the Netherlands for the second consecutive year. The index scores 152 nations on their readiness for online shopping, worth an estimated USD 3.9 trillion globally in 2017, up 22 per cent from the previous year.
Govt to push MSME-made goods through e-tailers
On the B2B side, the proposed platform will also provide funds and have access to cash flows, helping buffer businesses against shocks. Funding and payments have been a major area of concern for MSMEs and the government is looking at models that can help MSMEs.
Jefferies warns of cyclical downturns in life insurance sector; downgrades SBI Life
Jefferies highlighted high valuations and downside margin risks for private life insurers.
E-pharmacies await govt to release regulations for the sector
"We want India to come up with a progressive e-pharmacy regulation. We want that as that would give a lot of clarity and confidence to the sector, whether it is investors, whether it is our business partners and vendors," 1mg Technologies Founder and CEO Prashant Tandon told reporters here. The government is yet to release the final notification.
Bharti Infratel declares 2nd interim dividend
The payment of interim dividend/dispatch of dividend warrants will be done on or before January 9, 2020.
In talks with SBI to jointly run e-commerce portal for MSMEs: Nitin Gadkari
MSME Minister Nitin Gadkari on Thursday said that he is to meet SBI Chairman next month to discuss whether the bank can jointly run an e-commerce portal called Bharat Craft, meant for taking Indian MSMEs to the global platform. “For the first time, after our govt came to power, we are readying a portal called Bharat Craft,” Gadkari said
ABSL Mutual Fund launches Aditya Birla Sun Life PSU Equity Fund
The scheme will invest predominantly in companies where the government is a majority shareholder with at least 51% shareholding.
Global policy uncertainty could push 7 mn in India, 31 mn globally into poverty: World Bank
Highlighting that India's exports could rise by about half a percentage point and income by 0.2% from trade diversion due to trade conflict between other countries, it cautioned worsening trade conflict leading to a slump in investor confidence to push more than 31 million people into poverty.
No predatory pricing, foreign e-tailers have to follow Indian law: Piyush Goyal at ET Awards 2019
Speaking at the 2019 ET Awards, Commerce Minister Piyush Goyal says foreign e-commerce companies cannot exercise predatory pricing just beca...
We’re playing by the rules: Club Factory
Owing to the media reports on Chinese e-commerce companies shipping cheap products to customers in India directly from China, Club Factory’s founder, Vincent Lou said that the company's business operations are in alignment with Indian laws. The Indian government does not allow foreign e-commerce companies to sell directly to consumers.
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