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Tag: Narendra Modi

CAIT seeks action against Flipkart, Amazon for FDI norms violation, Retail News, ET Retail

New Delhi: Traders’ body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them “economic terrorists”, and demanded that the government take action against them for alleged violation of FDI policy norms. However, a Flipkart spokesperson vehemently denied the allegations and said the company operates through a marketplace model in India and …

CAIT seeks action against Flipkart, Amazon for FDI norms violation, Retail News, ET RetailRead More

Jeff Bezos to visit India in January, may meet PM Modi, Retail News, ET Retail

NEW DELHI: Jeff Bezos, the founder of Amazon, will visit India in January when he is likely to meet Prime Minister Narendra Modi. During his visit he will kick off the US retailer’s annual event around small and medium enterprises, which are perceived to be hurt by deep-pocketed ecommerce companies. The world’s largest online retailer …

Jeff Bezos to visit India in January, may meet PM Modi, Retail News, ET RetailRead More

CAIT urges PM not to yield ground to Walmart, Retail News, ET Retail

New Delhi: Traders’ body CAIT on Tuesday urged Prime Minister Narendra Modi not to concede any ground to Walmart and other overseas e-commerce players, saying such firms have no regard for the sanctity of Indian laws and policies. Confederation of All India Traders (CAIT) wrote to the Prime Minister after Walmart CEO Doug McMillon raised …

CAIT urges PM not to yield ground to Walmart, Retail News, ET RetailRead More

Walmart CEO writes to PM, seeks stable business environment, Retail News, ET Retail

NEW DELHI | BENGALURU: Walmart chief executive Doug McMillon has written to Prime Minister Narendra Modi, seeking certainty and predictability in India’s business environment, people familiar with the matter said. Changes in foreign direct investment rules for ecommerce marketplaces late last year had upset Walmart-owned Flipkart and rival Amazon, and forced them to overhaul their …

Walmart CEO writes to PM, seeks stable business environment, Retail News, ET RetailRead More

CAIT demands high-level enquiry by govt to probe ‘unholy nexus’ of e-commerce companies, banks, Retail News, ET Retail

NEW DELHI: Traders’ body CAIT on Sunday demanded a high-level enquiry by the Centre to probe the “unholy nexus” of e-commerce firms, companies owning brands and banks for causing price distortion in the country’s e-commerce market. Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) also urged Prime Minister Narendra Modi to …

CAIT demands high-level enquiry by govt to probe ‘unholy nexus’ of e-commerce companies, banks, Retail News, ET RetailRead More