The government guidelines say online marketplaces must not influence the sale price of goods and services but experts say e-commerce majors categorise discounts under marketing expenses.
The Walmart chief stated that the values of the two companies were "very much aligned"
'For how long can investors fund loss-making companies?'
In the past eight months, Flipkart has seen the exits of Mukesh Bansal, considered the right hand man of Sachin and Binny Bansal; Ankit Nagori, chief business officer; Punit Soni, Flipkart's million-dollar hire from Silicon Valley who headed product and strategy; and Manish Maheshwari, head of the seller business
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
The threat may be a decade away, but it has brick-and-mortar sellers rethinking their strategies and banking on the govt to regulate online companies.
Flipkart also faced criticism earlier this year after it deferred the joining dates for campus recruits from the Indian Institutes of Management and Indian Institutes of Technology
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
Sellers on platform listed products out-of-stock on Monday against increased commission, fees on returns.
Global sales made via mobile devices are expected to top $638 billion.
According to eBay, the percentage of transactions during the festival season declined marginally in Delhi, Mumbai, Bengaluru and Chennai.
Both Indian firms have been in talks with investors for nearly a year to raise fresh funds of as much as $ 1 billion, but with little success so far.
Joint venture to take on Amazon will be announced next week.
Consider these six things before going crazy on the big sale war between Flipkart, Amazon and Snapdeal!
MySmartPrice has been growing about 100 per cent a year and is profitable.
His presence matters more than the money he brings.
Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.
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Buyers complain about server errors, allege discounts were 'not real'.
E-commerce companies have said they are well prepared and working closely with delivery partners to ensure smooth and safe delivery of packages in Maharashtra where the government has announced a slew of restrictions, including night curfews and weekend lockdown to control the spike in COVID-19 cases. However, there are concerns around the mandate for delivery staff to be either vaccinated or carry a negative RT-PCR report. According to the health ministry data, till 8 am on Tuesday Maharashtra's COVID-19 caseload was 452,777 with an addition of 20,881 from the previous day. In an order on Sunday, the Maharashtra government said all personnel belonging to home delivery services will have to be vaccinated and in case they are not vaccinated, they will have to carry a negative RT-PCR report.
2015 was characterised by some interesting events and trends.
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New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
Bringing in people with large corporate experience also helps in bringing in world class processes in quality and compliance
VCs have been especially bullish about India.
The CAIT has complained to the Commerce Ministry to take action against these companies.
Ecommerce firms will have it tough as govt turns down FDI proposal.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
SBI Cards on Tuesday launched a credit card especially meant for transactions on e-commerce websites.
Major players like Flipkart, Snapdeal and Amazon have, in the last two months, offered discount schemes on specific days, in sync with the festive season in the country.
The overall e-commerce opportunity in India and China is comparable, yet it's hard to see any single player in India emerging with Alibaba-like market share.
According to the job portal TimesJobs.com's job index Recruittex, the top hiring industries are healthcare, petrochemicals/oil and gas, consumer durables/FMCG and automobiles/auto ancillaries.
With the launch of Woohoo, QwikCilver now targets two markets in India - the gifting market, worth $7 billion and gift cards as a category.
Globally, the viability of on-demand businesses is being questioned
Chinese smartphone maker Xiaomi Inc has tied up with Taiwan's Foxconn to start assembling phones in India.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
Ma and the other co-founders had finalised the name "Alibaba" after much research on its acceptability.
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Government seeks stakeholders' comments by Jan 30 on discussion paper.
Future Group said customer acquisition costs, fulfilment costs and other expenses in e-commerce add up to 50 per cent of overall business costs, making it unviable
Flipkart claims to have more than 90,000 sellers on its platform.
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