Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
The government, in February, had released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
Although Walmart-Flipkart wholesale game-plan is to target about a $150 billion market out of a total pie of $700 billion in the country, the consolidation marks the end of the multi-brand dream of the American retail giant.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
The plan could mature into either an umbrella programme for urban youths similar to the Garib Kalyan Rozgaar Abhiyaan or a modified urban-focused version of MGNREGS.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
While acknowledging Shivaji's naval contributions, questions are being raised about the inadequate acknowledgement of Chola sea-power in southern Tamil Nadu, which dates back by a few centuries, explains N Sathiya Moorthy.
Suveen Sinha finds out what the tribe of modern, internet entrepreneurs who no longer run their first start-ups are up to.
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