Battered by competition, Intex plans to make products for Chinese firms
It has found an innovative plan to deal with the scourge that all but wiped off India's mobile industry.
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 substi...
China most likely to become sole global superpower by mid-21st Century: Mitt Romney
"First, China becomes the sole global superpower -- econo...
Sales at microbreweries face a dry run for the first time
About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.
Flipkart parent infuses Rs 2,839 crore in wholesale arm
This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore. The investment comes at a time when the ecommerce giant is preparing for its last sale of the season — Big Shopping Days.
CAIT seeks action against Flipkart, Amazon for FDI norms violation
The Confederation of All India Traders (CAIT) claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business. "These companies can easily be termed as economic terrorists and a major roadblock in making India a USD 5 trillion economy vision of PM Modi," the CAIT said.
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...
Some e-retailers indulged in predatory pricing: Piyush Goyal
"I would like to highlight the adverse impact of predatory pricing indulged by some e-commerce players which adversely impact millions of small retailers. It is important for e-commerce to follow the letter and spirit of the law," Goyal said at the BRICS trade ministers meeting. He further added that the need of the hour is to develop digital infrastructure.
Govt asks Snapdeal, Paytm Mall to give business details
The government had last month asked top two e-commerce firms Flipkart and Amazon to share details of their top five sellers and total business quantum for each seller, variations of commission agreements they have with various sellers, and how investments from their parents are disbursed.
DPIIT received some complaints of e-commerce firms offering deep discounts: Piyush Goyal
"Some representations have been received in this department, complaining that e-commerce companies are offering deep discounts, indulging in predatory pricing, engaging in B2C business, exercising control over inventory and influencing the prices of goods sold on the platform," Piyush Goyal told Rajya Sabha.
Stop predatory pricing: Piyush Goyal tells ecommerce companies
Commerce & industry minister warns of strict action if online marketplaces don’t comply with rules.
Jeff Bezos to visit India in January, may meet PM Narendra Modi
Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.
Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal
Piyush Goyal said e-commerce companies have no right to offer discounts or adopt predatory prices. "We will take stringent action against them, if there is violation of any law in letter or in spirit. Action will be taken as per the law."
Metro Cash & Carry seeks level playing field
The German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, wading into a debate in India that ecommerce companies like Amazon and Flipkart are hurting small businesses here.
CAIT refuses to work with online marketplaces to help Kiranas
The Confederation of All India Traders (CAIT) on Friday said it was unwilling to work with ecommerce marketplaces Flipkart and Amazon to develop small offline traders.
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