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 move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
But mobile wallet companies say many consumers are not ready to give out their PAN
Alibaba Group Holdings Ltd may scrap plans to invest in online marketplace Snapdeal, technology website Recode has reported.
Your next ride via the Ola app in an auto rickshaw could be cashless.
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
'If standing in a bank or ATM line is a test of patriotism, why is not a single leader standing in that queue too?'
Rediff readers share their Cash Crisis experiences.
HMSI is likely to announce a tie-up with Snapdeal for online two-wheeler sales next month.
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
Despite having the third-largest internet user base in the world, India does not feature in the top ten e-commerce markets
Betting as a function of pure luck is banned in the country, but games of skill with monetary stakes are not.
Facebook will now directly compete with Slack, HipChat, Yammer and a few others in this space.
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
India has the highest proportion of CODs at 60% of total orders, compared to 50% in China, 28% in Indonesia, and 24% in Brazil
Aadhaar architect becomes most visible face to oppose Facebook plan
Alibaba in talks to invest up to $700 million in Snapdeal
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Slowing funding cycles for early-stage companies, freshers opting for more established firms, and many opting for places with better infrastructure are slowly taking away Koramangala's tag of 'India's Silicon Valley'.
After IPL exit, beverage maker signs up as first BCCI on-ground sponsor
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
Amazon has built the largest store in India with 22 million products.
Flipkart claims to have more than 90,000 sellers on its platform.
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
Their bootstrapped brand sold 25,000 units on Flipkart in five days during the 2017 festive sale.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
Relieved after the Delhi high court's direction to the South Delhi Municipal Corporation to issue a provisional occupancy certificate, required to stage the fourth Test between India and South Africa, Delhi and District Cricket Association vice-president Chetan Chauhan welcomed the appointment of Justice Mukul Mudgal to oversee the affairs of the match at Feroz Shah Kotla.
Idea is to bring millions of small and medium enterprises online by making it easy for them to list and sell.
Online marketplace majors, e-grocers, Internet of Things firms, app-based companies and transport service aggregators are among those that have had to shut shop or scale down operations. Now, survival skills like upskilling and retraining will determine who makes it.
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
Amazon signed up Motorola as an exclusive brand partner for its new devices, which in turn helped it grow
They are asking TRAI to reject the plan in the interest of protecting the citizens' right to use Internet
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
The programme has triggered a huge debate in India.
The lasting influence of Amitabh Bachchan's Supremo, hitchhiking with Salman Khan, a taste of Tom Alter, Padmaavat's best scene and more in Sukanya Verma's Super-filmi Week.
Loses notional value by 37.5% because of markdowns by investors
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