Is Centre looking to revise FDI rules in e-commerce?

The Centre is considering revising the foreign investment rules for e-commerce, three sources and a government spokesman said, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. Continue Reading

CAIT urges DPIIT to penalise Amazon, Flipkart

The Confederation of All India Traders (CAIT) has written to the Department for Promotion of Industry and Internal Trade (DPIIT) to take action against e-commerce major Amazon and Flipkart for alleged violation of FDI and FEMA norms. Continue Reading

Flipkart co-founder buys technology firm

Navi, which has been co-founded by Flipkart co-founder Sachin Bansal, said it has acquired Bengaluru-based Mavenhive. MavenHive, a technology consulting firm, will help Navi leapfrog their product development initiatives. Continue Reading

NT compiles major business booms of the decade

With 2019 coming to an end, News Today compiles a list of sectors that made a huge dent. They were chosen based on impact they made to our lives. From online shopping to food delivery, from watching web series to e-learning, the 2010s has been a decade to remember. Continue Reading

Grofers loss widens to Rs 448 crores

The company had posted a net loss of Rs 258.3 crore for the year ended March 2018, as per documents filed with the Corporate Affairs Ministry and sourced by business intelligence platform Tofler. Continue Reading

Xiaomi India announces ‘Black Friday Sale’

Xiaomi recently announced its annual “Black Friday Sale” across Mi.com, Mi Home, Flipkart, Amazon and all offline partner outlets. According to a press release, the annual Black Friday Sale event brings in a series of new, additional offers for customers across India with sale happening till today. Continue Reading

CAIT all set for agitation against e-comm firms

Traders’ body CAIT on Sunday said it will launch a series of protests against Amazon, Flipkart and other e-commerce firms for continuous violation of the FDI policy from Wednesday. Continue Reading