View: Our problem is not predatory pricing but the predatory state
The popular narrative on predatory pricing is simple, and thus attractive. But it's wrong at several levels.
IRDAI chief cautions insurers against predatory pricing
"I would like to give a word of caution here. Though your (insurance brokers) share i...
All foreign investments must adhere to law of the land: Piyush Goyal on Amazon row
Speaking at the Raisina Dialogue 2020 in New Delhi, Goyal ...
Jeff Bezos meets industry captains, concludes 3-day India visit
Jeff Bezos has announced investments of USD 1 billion over the next few years in India. He could not reportedly get an audience with Indian PM Modi, while Commerce Minister Piyush Goyal stoked a controversy by stating that the e-commerce giant which is being investigated for predatory pricing is not doing India any favour by the investment.
Handset retailers up the ante against online players, seek tax probe
Handset retailers plans to meet the FM with the demand of a probe into GST and I-T return filing by etailers.
Predatory pricing happening in airfares: Hardeep Puri
"We need to bring equilibrium within the market. Can't say predatory pricing is the only reason of ill health of airlines, it is one of the reasons. After discussion with airlines, the trend of predatory pricing has reduced. Our advice to airlines is to charge realistic fares," Aviation Minister Hardeep Puri said.
Liquor makers seek govt's support to increase exports
In a letter to Commerce Minister, Confederation of Indian Alcoholic Beverage Companies Director General Vinod Giri said in 2018-19, exports of alcoholic beverages stood at Rs 2,200 crore, while imports were Rs 5,400 crore. "The data clearly indicates how the trade is balanced against India," he said adding the ministry should not give major duty concessions to regions like the EU.
India hopes to continue FDI growth story in 2020
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said that despite a slowdown in the global economy, inflows of foreign investment into the country have not been impacted. India received a USD 27.2-billion foreign investment in the first half of 2019 and the pace is said to have sustained thereafter.
Smartphone maker Vivo assures offline retailers of price parity in 2020
Handset-makers including Xiaomi, Oppo and Vivo in October had issued trade advisories to their retail partners to assure that they will bring price parity between their online and offline channels.
CAIT urges govt to take action against e-commerce firms flouting FDI policy
Terming e-commerce firms "global economic terrorist" and "economic intruders, tax offenders and policy & law violators", the Confederation of All India Traders (CAIT) in a letter sent to Commerce Minister Piyush Goyal demanded early enforcement of e-commerce policy and national retail policy. It also called for constituting an e-commerce ombudsman.
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 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
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.
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...
China most likely to become sole global superpower by mid-21st Century: Mitt Romney
"First, China becomes the sole global superpower -- economically, militarily and geopolitically -- by the middle of this century. Second, China's ascension will be disrupted and halted by internal turmoil," he said.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service