What sets 2018 apart from previous years is the magnitude of the shocks that hit our brand ecosystem, says Bharat Bambawale.
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.
Anguished by frequent disruptions of Question Hour, Rajya Sabha Chairman Hamid Ansari on Tuesday said this segment of proceedings should be "dispensed with" or shifted to some other part of the day.
General sentiment that slowdown and dip in investor sentiment won't affect rationale for expansion
United States authorities have arrested a 20-year-old man who allegedly planed to commit a mass murder at the screening of The Twilight Saga: Breaking Dawn: Part 2, at a Missouri Walmart.
Facebook co-founder and CEO Mark Zuckerberg on Tuesday said India is a very special and important country with a remarkable entrepreneurship culture, as he sought to push deeper the just-launched payments services that allow users to make payments over WhatsApp. Last month, Facebook-owned WhatsApp received approval from the National Payments Corporation of India (NPCI) for rolling out its payments services in India. In 2018, WhatsApp started testing its UPI-based payments services in India -- a global first -- with about a million users.
Stressing the need to clearly define what constitutes the legal lobbying activities by business groups in India, Corporate Affairs Minister Sachin Pilot on Monday said lobbyists should present their views to policymakers in public and not behind the closed doors.
Bharti Enterprises has had a joint venture with Walmart in the wholesale trade for years in India.
Samajwadi Party workers on Thursday held demonstrations in some parts of Uttar Pradesh and stopped a train in Allahabad in support of the bandh against Foreign Direct Investment in retail and hike in diesel prices.
Samajwadi Party leader Mohan Singh on Monday said that none of the leaders of his party can ever indulge in lobbying with foreign companies for they do not know English, and added that the Indian government must thoroughly investigate the lobbying disclosure report filed by Walmart.
The e-commerce companies believe the government is using this exercise to take an unauthorised look into their financials, shareholding and operations.
Amazon CEO Jeff Bezos is in India this week and is expected to meet top government functionaries, business leaders and SMBs.
The companies have asked for digital curfew passes as e-retailers feel if more lockdowns are ordered after April 14, it is extremely difficult and time-consuming process to acquire the passes from local authorities.
While the government's recent moves may have been necessary in some cases, these would have an adverse impact on the investment cycles of some of these companies. The marquee global names are suddenly finding themselves out of favour as local flavour is gaining currency in the run up to 2019 elections.
The size of the Indian financial services market could touch around $340 billion in the next few years.
Carrefour, the world's largest retailer after Walmart, is learnt to be rationalising its expansion plans in India, prompted by a worsening global economy, particularly in Europe.
Many bureaucrats have in the recent past switched sides to join companies.
Supertech is just one among the many real estate players returning to commercial projects.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Prakash Javadekar says Congress is allowing FDI into retail to boost profits of foreign chains.
Bansal has picked up a majority stake in Chaitanya Rural Intermediation Development Services, a company which runs microfinance institution Chaitanya India Fin Credit.
Leading Indian golfer Aditi Ashok secured a career-best tied 25th finish in LPGA's Walmart NW Arkansas Championship in Arkansas.
A Texas town has turned an old abandoned Walmart into a massive public library.
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference.
Richest Indian Mukesh Ambani-led RIL was the top private sector company from the country as it jumped from 203rd rank last year to 148th.
Retail giant Walmart has the world's largest number of employees.
The 12th edition of EORS will be held from June 19-22. There will be a dedicated central virtual war-room for tactical problem solving across all phases of the event. Shoppers across the country will have access to over 700,000 styles from over 3,000 fashion and lifestyle brands. Myntra is expecting 3 million people to shop from the safety of their homes.
From convincing film-makers to do shows for online, to having a slate with some of the best films and shows, Amazon Prime Video has come a long way since it came to India four years ago.
Some analysts believe convenience stores could be challenged by digital grocery in the future.
The Union Cabinet on November 24 approved 51 per cent FDI in multi-brand retail paving the way for global giants like WalMart to open mega stores in cities with population of over one million.
The Cabinet has agreed to the suggestion of the Department of Industrial Policy and Promotion or DIPP to allow companies like Walmart and Tesco to set up shop in the country.
The proposed policy is increasingly becoming an item of negotiation, as the US pushes hard to change India's stance.
The warning by the anti-trust watchdog has come days ahead of Amazon founder Jeff Bezos' India visit, about which the Seattle-headquartered company has been tight-lipped. Sources in the know indicated that Bezos, coming on a short trip, has sought a meeting with Prime Minister Narendra Modi.
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
While JioMart is doing 250,000 orders per day, BigBasket and Amazon pantry are doing 220,000 and 150,000 orders, respectively.
RIL had earlier decided not to pursue the cash-and-carry model due to a number of reasons, including a growing unrest towards organised retail.
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
Reliance Retail and Bharti Enterprises are understood to be in talks to buy India assets of the world's second largest retailer Carrefour that has decided to exit the country by closing its five stores.
