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.
NHAI is now giving FASTags free of cost to encourage switch to e-tolling
The road transport and highways ministry had earlier this year annou...
Karnataka Govt plans ePlatform to trade TDRs like equity
The TDR scheme was introduced by the state government in 2006, but failed to take of...
Should mutual fund investors worry about rising valuations?
Some advisors and investors have started focusing on the P/E ratio of mutual funds to assess their attractiveness. However, the concept of P/E ratio works differently in mutual funds and stocks.
Pakistan’s double speak on Afghanistan: US State Dept
The report took note of India’s long stand on terrorist groups like LeT and JeM, which are located in Pakistan, and often conduct terrorist attacks on India. The report claimed that the Pak govt failed to limit these terrorist groups from raising money, recruiting, and training in Pakistan but also allowed their candidates overtly to contest the July 2018 general elections.
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.
E-bus suppliers quote high prices for tenders under FAME II scheme
Owing to payment security risks in states with weaker transport departments and tough bidding conditions, Electric bus suppliers in variosu states are quoting higher prices in tenders. The lowest quote received by Dehradun Smart City Ltd for 12-metre buses in the recent tender is Rs 90.90 per km and Rs 73.80 per km for a 9-metre bus.
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 dr...
Jamaat-e-Islami promotes terrorism & radicalism in South Asia: US lawmaker
Congressman Jim Banks stressed that there is a lack of awareness and action by the US against the activities of the JeI. It may be pointed out that JeI leaders in Bangladesh were opposed to independence movement in 1971 and were part of Pakistan Army’s crackdown against innocent civilians in erstwhile East Pakistan.
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.
Bugatti plans E-car for less than 1M euros
The potential second model line would be an electric-powered grand tourer or crossover that could seat up to four people and would cost between 500,000 and 1 million euros.
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".
Govt recognised 7,141 startups till Nov 5: Piyush Goyal
Sector-wise, the highest of 1,351 start-ups are from information technology followed by healthcare (808), education (658), professional and commercial services (400) and finance technology (362).
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.
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