Exporters believe the situation will also have a grave outcome for employment, with large numbers of casual laborers looking at no work, as well as downstream units facing a loss of work, reports Subhayan Chakraborty.
Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
Overall business confidence index is at 6-quarter high: Ficci survey
New law could pose challenges of cost escalation, increased paperwork, fear developers.
While the first half of the year saw India's e-commerce market shrinking, the success of Diwali sales will boost the sector beyond last year's benchmark
Flipkart and Myntra, together, post higher sales than Amazon
With Ola Corporate, aims to provide services to 10,000 firms by next year
Assocham estimates offices are facing staff crunches of 15 to 25 per cent with the various strains of fever.
The mobile wallet player plans to add more Chinese sellers to its e-commerce platform and boost technology for its soon-to-be-launched payments bank
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
Paytm, which recently hived off its e-commerce and payments bank businesses into separate companies, would use these fresh funds to bolster the two businesses
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
Alibaba is playing a big role in helping to train the senior management of the upcoming Paytm Payment Bank
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.
Most e-commerce firms offer aggressive discounting and freebies, with specific purchases.
Industry experts said the major pain point would be tax collection at source, which would create a rift between sellers and e-commerce companies.
They are not only coming up with whacky names to grab attention but are also stretching the definition of e-commerce.
It took Flipkart a little over 24 hours to complete due diligence and come up with a final offer that was $20 million higher than what Snapdeal was ready to forfeit.
Vetting by inter-ministerial board removed for benefits under Startup India Action Plan