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Tag: flipkart

CAIT seeks govt audit into biz models of Amazon, Flipkart, Retail News, ET Retail

New Delhi, Oct 14 () Traders’ body CAIT on Monday urged Commerce and Industry Minister Piyush Goyal to initiate an audit into the business model of e-commerce firms Amazon and Flipkart. In a letter to Goyal, CAIT said that since Amazon and Flipkart consider brands responsible for offering deep discounts, the government should convene a …

CAIT seeks govt audit into biz models of Amazon, Flipkart, Retail News, ET RetailRead More

Vijay Shekhar Sharma, Retail News, ET Retail

New Delhi: Paytm founder Vijay Shekhar Sharma on Monday said he expects Paytm Mall – the company’s e-commerce unit – to break even in a year’s time. Sharma maintained that Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts generating cash. “Paytm Mall business is close to …

Vijay Shekhar Sharma, Retail News, ET RetailRead More

Commerce ministry asks e-comm firms to cut single-use plastic in packaging, Retail News, ET Retail

The commerce and industry ministry has advised e-commerce companies to gradually slash single-use plastic in packaging of products being sold through their platforms, in line with the government’s commitment to reduce use of such material, an official said. The companies have also been advised by the Department for Promotion of Industry and Internal Trade (DPIIT) …

Commerce ministry asks e-comm firms to cut single-use plastic in packaging, Retail News, ET RetailRead More

Govt e-Marketplace can become India’s Amazon, says Goyal, Retail News, ET Retail

New Delhi, A futuristic plan for India‘s own e-commerce portal are afoot as Commerce and Industry Minister Piyush Goyal on Sunday said that he imagines the Government e-Marketplace (GeM) to become such a platform on the lines of Amazon and Flipkart to sell Indian products. In his address at the closing ceremony of “India International …

Govt e-Marketplace can become India’s Amazon, says Goyal, Retail News, ET RetailRead More

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET Retail

New Delhi: Global retail major Walmart Inc is planning to demerge PhonePe, the payment system and digital wallet company of Flipkart, so that its ownership will be vested directly with the US retail giant, two people familiar with the transaction told ET. The proposed move will pave the way for Walmart to get into India’s …

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET RetailRead More

DPIIT holds meeting with Amazon, Flipkart following CAIT complaint, Retail News, ET Retail

New Delhi, Senior officials of the Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday held meeting with representatives of e-commerce firms Amazon and Flipkart following a complaint by traders’ body CAIT. Confederation of All India Traders (CAIT) Secretary-General Praveen Khandelwal has alleged that e-commerce companies are following unethical business model and are …

DPIIT holds meeting with Amazon, Flipkart following CAIT complaint, Retail News, ET RetailRead More

EComm portals’ festive offers under the lens, Retail News, ET Retail

The government is looking at complaints that global ecommerce giants have violated foreign direct investment (FDI) norms and will take corrective action against those flouting them even as Amazon and Flipkart said they are following the rules. Countering allegations by small retailers of deep discounts and price distortion, Amazon and Flipkart told the government on …

EComm portals’ festive offers under the lens, Retail News, ET RetailRead More

Tata CLiQ hasn’t quite clicked in online retail, Retail News, ET Retail

Kolkata: Tata Group‘s three-year-old e-commerce venture, Tata CLiQ, is yet to scale up the way foreign marketplaces have. Its revenue is only a fraction of that of rivals such as Walmart-owned Flipkart or Amazon. However, the Tatas have managed to check the burnout rate by reducing the growth in net losses. As per recent regulatory …

Tata CLiQ hasn’t quite clicked in online retail, Retail News, ET RetailRead More

CAIT alleges violation of FDI policy by Flipkart, Amazon; companies reject, Retail News, ET Retail

NEW DELHI: Traders’ body CAIT on Friday alleged that e-commerce firms Amazon and Flipkart have violated foreign direct investment norms by indulging in predatory pricing, a charge which was rejected by the two companies. The Confederation of All India Traders (CAIT) flagged these allegations in a meeting called by the Department for Promotion of Industry …

CAIT alleges violation of FDI policy by Flipkart, Amazon; companies reject, Retail News, ET RetailRead More