Jeff Bezos to visit India in January, may meet PM Narendra Modi
Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.
Some e-retailers indulged in predatory pricing: Piyush Goyal
"I would like to highlight the adverse impact of predatory pricing indulged by s...
Stop predatory pricing: Piyush Goyal tells ecommerce companies
Commerce & industry minister warns of strict action if online marketplaces don...
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
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.
Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT
Flipkart and Amazon have communicated to Department for Promotion of Industry and Internal Trade (DPIIT) that they are investing big on creating warehouses and logistics network, technology and other such areas, while reiterating they are fully compliant with all laws and FDI norms for online marketplaces.
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.
CCI urges ecommerce platforms to be transparent
CCI chairman Ashok Kumar Gupta said discounting, including selling below cost, is used by businesses to create a market. “Below cost doesn’t necessarily mean predatory pricing. However, we then have to ascertain whether they have become large enough and should they continue with deep discounting?” he said.
Traders' body CAIT to launch nation-wide movement against Amazon, Flipkart
"Both Amazon and Flipkart still continue to sell goods on their portal at predatory pricing, deep discounting, controlling inventory, promoting preferential sellers and influencing prices," said Confederation of All India Traders.
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.
Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal
Piyush Goyal said e-commerce companies have no right to offer discounts or adopt predatory prices. "We will take stringent action against them, if there is violation of any law in letter or in spirit. Action will be taken as per the law."
Private brands businesses of e-tailers under scanner
The government has started scanning digital payments business of ecommerce giants Amazon & Flipkart. DPIIT has asked questions like the total percentage of sales that come from private labels & promotion details of their digital instruments.
Commerce minister Piyush Goyal says ecommerce companies cooperating with the government
In an interview with The Economic Times, the commerce minister talked about the alleged violation of FDI norms by ecommerce companies, the progress on the new trade deal with the United States and India' s stand on the RCEP.
It's a 'Black Diwali' for small handset retailers, due to rampant online discounting
The organised trade are now joining hands with smaller retailers who say it’s going to be a “Black Diwali”.
DPIIT asks Amazon, Flipkart to disclose names of top 5 sellers, capital structure, inventory details
The DPIIT has asked the cos to share their capital structure, biz model & inventory management system.
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