DMA raises Rs 22 crore, set to go live in Jan
DMA plans to use the funds to scale up product development and branding, create awareness about its key offerings, followed by an upcoming launch in the Indian e-commerce space.
A law in the making to guard ecommerce consumers
The ministry of consumer affairs is looking to add a section detailing penalties for ecomm f...
E-commerce companies cannot influence prices of products on platform: Draft guidelines
E-commerce companies cannot influence prices of produc...
Algorithm versus small businesses: an unequal battle
Studies suggest that customer’s behaviour has now been shifted to need-based decision rather than brand-driven decision. 70 percent of the word searches done on Amazon are for general goods.
Why is Alibaba listing in Hong Kong?
Alibaba, which is due to start trading in Hong Kong, could benefit from Chinese demand.
Alibaba praises Hong Kong at start of retail campaign for $13 billion listing
The institutional price will be finalised on Nov. 20 following a book build.
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".
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.
Hong Kong shares fall to near 5-week closing low as protests continue
An Alibaba spokeswoman declined to comment on the company's listing plans.
Retailers' body is "cautiously optimistic" on implementation of FDI rules for e-commerce
Department of Industrial Policy and Promotion under Ministry of Commerce and Industry had issued clarifications in December last year pertaining to FDI rules in the e-commerce sector. Now that the govt is tightening the rules for foreign direct investment in e-commerce sector, Retailers Association of India is "cautiously optimistic" on its effective implementation.
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.
Niki plans $30 mn fund raise, targets $100 mn run rate
The B2C commerce platform, which lets users carry out transactions using voice commands, has launched in Hindi, Bengali and Tamil, and has recorded about 800,000 transactions from this segment in the past year.
India examines creating regulator to settle e-commerce disputes
The proposal comes after small traders approached the govt with allegations of predatory pricing and deep discounting by Amazon.com Inc. and Walmart Inc. They allege that the US giants are pricing them out of the market. Govt is under pressure from small traders, a traditional support base for the ruling BJP, to act against the big online retailers.
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.
Government to come up with e-commerce platform for real estate sector
“The platform, which will be launched by January, will have a list of project that have received the Occupancy Certificate. The purchase will be online and sale will happen via NAREDCO,” said Parveen Jain, Vice Chairman, NAREDCO.
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