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Tag: Predatory pricing

CAIT urges govt to take action against e-commerce firms flouting FDI policy, Retail News, ET Retail

Terming e-commerce firms “global economic terrorist” and “economic intruders, tax offenders and policy & law violators”, the Confederation of All India Traders (CAIT) in a letter sent to Commerce Minister Piyush Goyal demanded early enforcement of e-commerce policy and national retail policy. It also called for constituting an e-commerce ombudsman.PTI  |  December 16, 2019, 08:24 …

CAIT urges govt to take action against e-commerce firms flouting FDI policy, Retail News, ET RetailRead More

Flipkart parent infuses Rs 2,839 crore in wholesale arm, Retail News, ET Retail

Bengaluru: Flipkart India, the wholesale arm of the Walmart-owned ecommerce marketplace, has received Rs 2,839 crore from its Singapore-based parent, regulatory filings show. This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore. The investment comes at a time when the ecommerce giant is preparing …

Flipkart parent infuses Rs 2,839 crore in wholesale arm, Retail News, ET RetailRead More

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

Govt asks Snapdeal, Paytm Mall to give business details, Retail News, ET Retail

NEW DELHI: The government has written to Snapdeal and Paytm Mall seeking information on their selling practices as part of a wider probe into deep discounting practices of ecommerce players, people aware of the development said. The Department for Promotion of Industry and Internal Trade (DPIIT) has sought information about top sellers on these ecommerce …

Govt asks Snapdeal, Paytm Mall to give business details, Retail News, ET RetailRead More

Piyush Goyal, Retail News, ET Retail

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) has received complaints that e-commerce companies are offering deep discounts, indulging in predatory pricing, exercising control over inventory and influencing the prices of goods sold on the platform, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Commerce and …

Piyush Goyal, 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

Piyush Goyal, Retail News, ET Retail

NEW DELHI: Union Commerce and Industry Minister Piyush Goyal on Tuesday said some e-commerce companies are indulging in predatory pricing which is adversely impacting millions of small retailers. “I would like to highlight the adverse impact of predatory pricing indulged by some e-commerce players which adversely impact millions of small retailers. It is important for …

Piyush Goyal, Retail News, ET RetailRead More

Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT, Retail News, ET Retail

KOLKATA | BENGALURU: Flipkart and Amazon have told the government they incur losses in Indian operations due to investments into building the business and technology, and not because they fund predatory pricing as alleged by offline trade lobbies, two senior industry executives said. India’s two largest ecommerce marketplaces have communicated to Department for Promotion of …

Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT, 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 …

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

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart, Retail News, ET Retail

Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business. In a statement, the Confederation of All India Traders (CAIT) said, “Both Amazon and Flipkart still continue to sell goods on …

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart, Retail News, ET RetailRead More