Bharti Airtel world’s 3rd best telecom stock in 2019
Airtel’s $3b fundraisings and improved free cash could mitigate the risk of AGR payments.
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...
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 substi...
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.
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.
Annual deadline for ecommerce's FDI compliance check: September 30
Sept 30 every year is the deadline for ecomm firms to ready their annual compliance reports as per FDI norms.
Stop predatory pricing: Piyush Goyal tells ecommerce companies
Commerce & industry minister warns of strict action if online marketplaces don’t comply with rules.
Sales at microbreweries face a dry run for the first time
About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.
Flipkart parent infuses Rs 2,839 crore in wholesale arm
This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore. The investment comes at a time when the ecommerce giant is preparing for its last sale of the season — Big Shopping Days.
Amazon and Walmart face the ire of 70 million Indian shopkeepers
Shopkeepers are mobilising against the e-comm giants, alleging they are engaged in predatory pricing.
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."
CAIT seeks action against Flipkart, Amazon for FDI norms violation
The Confederation of All India Traders (CAIT) claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business. "These companies can easily be termed as economic terrorists and a major roadblock in making India a USD 5 trillion economy vision of PM Modi," the CAIT said.
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.
Phone retailers call government to block predatory pricing
Retailers want govt to curb etailers from forging tie-ups with smartphone makers to offer lower prices
Online sales on govt radar post plaints about predatory pricing
Retailers allege violation of FDI rules via deep discounting; DPIIT looking into the matter.
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