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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.

Kirana stores to get a shield against Flipkart, Amazon

The proposed exercise is aimed at consistency, simplification & low compliance burden to cuty costs.

Traders to protest against Amazon, Flipkart on Wednesday: CAIT

During the nationwide agitation, traders will observe November 20 as 'National Protest Day' and hold 'dharna' in more than 700 cities in different states, said the body, which claims to represent 7 crore traders.

Jeff Bezos to visit India in January, may meet PM Modi

The Amazon chief is likely to make a case for stable business climate and policy continuity, highlight the point that co creates jobs and empowers small businesses.

A law in the making to guard ecommerce consumers

The ministry of consumer affairs is looking to add a section detailing penalties for ecomm firms.

Flipkart and Amazon clock Rs 31,000 crore in festive sales

The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace. Flipkart led with 64% share of the combined gross sales while Amazon continued to fare higher in net promoter score (NPS). NPS measures the loyalty of customers to a company.

CAIT suggests imposition of minimum operating price for products

"Under the circumstances and visualising it as a price war, we suggest it is the high time when the government must step in and enforce the fundamental of Minimum Operating Price which is the price consisting of landing price, operational cost and reasonable profit margin and below the MOP no product should be sold in the market," CAIT said in the letter.

Complaints on govt helpline: Ecommerce faces the bulk of consumer bricks & mortars

One in every five complaints filed on the helpline was against an e-commerce company.

Why foreign fashion companies are increasing their store sizes in India

Nike is more than tripling some of its store sizes to 3,000-5,000 square feet, as is Levi’s, which is expanding to 3,000 sq. ft. Market leader Zara is asking malls to double its space to 25,000-30,000 sq. ft. Benetton has identified 20 top locations in the metros to expand its outlets.

E-commerce companies cannot influence prices of products on platform: Draft guidelines

E-commerce companies cannot influence prices of products being sold on their platform and must adhere to fair trade practices, as per the draft rules proposed by the Consumer Affairs Ministry.

E-retailers cannot influence prices of goods on platform: Draft guidelines

E-retailers cannot influence prices of goods on platform: Draft guidelines

Traders' body CAIT has welcomed the draft rules and said the proposed framework will "force" e-commerce companies to be more transparent and accountable towards customers. As per the draft, an e-commerce entity should not "directly or indirectly influence the price of the goods or services" and "maintain a level-playing field".

Some e-retailers indulged in predatory pricing: Piyush Goyal

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.

Ruchi Soya acquisition plans on track; loans secured: Patanjali

Ruchi Soya acquisition plans on track; loans secured: Patanjali

Refuting reports that Patanjali Ayurved was finding it tough to raise fresh loans of Rs 4,000 crore following a downgrade by a ratings agency, Patanjali Ayurved chief executive Acharya Balkrishna said the downgrade by CARE was based on factors which had no relation to corporate guarantee not being offered by Patanjali.

CAIT demands high-level enquiry by govt to probe 'unholy nexus' of e-commerce companies, banks

CAIT demands high-level enquiry by govt to probe 'unholy nexus' of e-commerce companies, banks

Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) also urged Prime Minister Narendra Modi to constitute a Group of Ministers (GoM) to look into the alleged distortions, both in the e-commerce and brick & mortar format of retail.

Metro Cash & Carry seeks level playing field

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

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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