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Tag: festive discounts Flipkart

Government looks into Flipkart, Amazon festive discounts after retailer complaints, Retail News, ET Retail

NEW DELHI: The government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters. The Centre introduced new rules in February aimed at protecting the 130 million people dependent on small-scale retail by deterring big online discounts. The …

Government looks into Flipkart, Amazon festive discounts after retailer complaints, Retail News, ET RetailRead More