The apex court has refused pleas by e-comm giants Amazon and Flipkart against CCI probe
They said the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others.
Mihir Dalal is an editor with Mint, from where he has covered internet businesses for more than five years
The pandemic has led to millions of people turning to e-commerce in 2020, not only in metros but also in tier III regions and beyond, says Flipkart
E-commerce sales of Flipkart and Amazon indicate that online shoppers in India are determined to beat virus blues by retail therapy.
E-commerce companies are reaping massive profits through the ongoing festive season sales as buyers, stuck indoors because of the pandemic, have made a beeline for online shopping.
In a report submitted to the National Green Tribunal, the CPCB has said the show cause notice has been issued to these units for non-compliance of provisions of Plastic Waste Management (Amendment) Rules 2018.
There are two models, One is Trifo Max and the other is Max Pet. They will be available in India from September 30 at Flipkart and Amazon. Max is attractively priced at INR 32,900 given the features it offers, while Max Pet is priced at INR 36,900.
Flipkart Quick will provide consumers with an assortment of more than 2,000 products that can be delivered within 90 minutes.
Top Indian brands, local manufacturers and sellers have partnered with Flipkart Wholesale to ensure the availability of an exhaustive range of products and merchandise for kiranas and MSMEs.
Addressing media persons via video conference, Congress Chief Spokesperson Surjewala alleged the anti-trader and anti-shopkeeper decision of the 'Modi government and the BJP-JJP government will not be tolerated' and demanded its reconsideration.
Walmart Inc and e-commerce major Flipkart will spend Rs 38.3 crore towards in-kind donations into India to help with the front-line response efforts, a statement said.
Walmart, the world’s largest retailer, acquired Flipkart for about $16 billion last year, in what was the largest e-commerce mergers and acquisition transaction globally.
In the largest financing by an individual in the history of Ola, Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in the Indian ride-hailing company to compete with the rival Uber.
In the new policy, the Commerce Ministry noted that the online retail firms would not directly or indirectly influence sale price of goods and services.
Both Amazon and Walmart-owned Flipkart have sought an extension of the February 1 deadline for complying with the revised norms, stating that they need more time to understand the details of the new framework.
Amar Nagaram has been named as Head, Myntra and Jabong, and will report to Flipkart Group CEO Kalyan Krishnamurthy.
The decision comes in the backdrop of several complaints by traditional retail stores alleging heavy discounts by online retailers to consumers are hurting their businesses.
India's Prime Minister Narendra Modi addresses the 76th Session of the U.N. General Assembly at United Nations headquarters in New York.Photo by AP/PTI
Prime Minister Narendra Modi addresses the 76th session of the United Nations General Assembly in New York.PTI Photo
India's Prime Minister Narendra Modi addresses the 76th Session of the U.N. General Assembly at United Nations headquarters in New York.Eduardo Munoz /Pool Photo via AP
Paramilitary jawans conduct a route march for Bhabanipur Assembly by-election, in Kolkata.PTI Photo
Punjab Chief Minister Charanjit Singh Channi meet Governor of Punjab Banwarilal Purohit ahead of the oath taking ceremony for the Punjab Cabinet expansion, in ChandigarhPTI Photo
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