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Tag: Competition Commission

Future’s ‘sabse saste din’ sale to debut on Amazon, Retail News, ET Retail

NEW DELHI: Future Group’s ‘Sabse Saste Din’ sale, centred around Republic Day, will also feature on Amazon.in, reflecting a broadening of the alliance between the two sides, said two persons with knowledge of the matter. Items are offered at a discount during the sale that runs for five-six days at Future Group stores such as …

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E-commerce norms flouted despite Amazon tweaking ownership, Retail News, ET Retail

New Delhi, The Indian e-commerce market is expected to reach $200 billion by 2026 from the current $48.5 billion (as of 2018) and to create a level-playing field for small and medium players, the government brought in a new e-commerce policy and fresh rules around FDI in the sector in February this year that forced …

E-commerce norms flouted despite Amazon tweaking ownership, Retail News, ET RetailRead More

Future Retail’s shares surge as regulator approves Amazon investment, Retail News, ET Retail

BENGALURU: Shares in Future Retail Ltd surged 13% on Friday, after antitrust body approved a deal that would give Amazon.com Inc a minority stake in one of the country’s top retail groups. Future Retail in August announced the deal that would result in the US online retail giant acquiring a 3.58% stake in the company, …

Future Retail’s shares surge as regulator approves Amazon investment, Retail News, ET RetailRead More

CCI urges ecommerce platforms to be transparent, Retail News, ET Retail

NEW DELHI: India’s competition watchdog wants ecommerce platforms to be more transparent and indicated that businesses can use deep discounting to create markets and that is not necessarily predatory pricing. The Competition Commission of India will soon put out an advisory for ecommerce platforms, including online retailers and restaurant aggregators,following complaints that their functioning is …

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Kishore Biyani, Retail News, ET Retail

MUMBAI: Future Group founder Kishore Biyani said his deal to sell minority stake to Amazon has moved a step forward even as the Competition Commission of India (CCI) sought more information from the US ecommerce firm. “It is a process to comply with information sought by the commission and to satisfy them in all aspects …

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Online discounts violating some norms, Retail News, ET Retail

Nagpur: Confederation of All India Traders (CAIT) had earlier taken on foreign e-commerce giants on the grounds that the discounts offered in online sales violate the policy on retail FDI. It has now shot off letters to over 40 manufacturers of consumer brands seeking a clarification on the issue. CAIT, which is headed by Nagpur-based …

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