Kerala's tax authorities are also reviewing other e-commerce companies for similar discrepancies, and might fine more defaulters.
The Sikh Coalition said in a statement Tuesday that it was alerted to products such as door mats, rugs and toilet seat covers with the image of one the most historically significant Sikh sites, the Golden Temple, were being sold by some sellers on Amazon.
For India startups, pulling in the reins now may enable them to live longer - even if it means shedding their unicorn status, says Una Galani.
Though fundraisings for startups still rank amongst the biggest deals struck this year, the average ticket size has fallen sharply, says Una Galani.
Tata Group's Croma, which launched its e-retail store last month, is reworking its backend to secure its early mover advantage
As funding from foreign private equity and venture capital firms is the lifeline for most online retailers, the restriction on foreign direct investment is threatening to block any fresh investment into the sector.
The big story is that IntraSoft is a remarkable proxy of the American e-commerce market.
Leading online retailers have confirmed that they will start selling the much-awaited phone by April 25 at an approximate starting pricing of Rs 39,000.
The development comes amid a growing clamour for the boycott of Chinese products in India, combined with the government's push for Aatmanirbhar Bharat.
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.
The anticipated adverse impact on the economy and consequent uncertainty around employment prospects is likely to result in lower purchasing power.
Pune-based entrepreneur's unlisted company is already the largest vaccine manufacturer in the world and the networth has been helped by vaccine distribution and manufacturing potential of his business, it added. Recentrly, Serum struck an agreement with AstraZeneca to manufacture 1 billion doses of coronavirus vaccine being developed by Oxford University.
Billionaire Jeff Bezos, who founded Amazon as an online bookseller nearly three decades ago, will step down as the CEO of the $1.7 trillion global retail giant in the third quarter of 2021 with Andy Jassy being named his successor.
Escentual.com, one of the UK's biggest online retailers of perfumes, cosmetics and grooming products conducted a poll to establish the most popular celebrity fragrances. Here are the results!
5 precautionary measures you must take to prevent any misuse of your credit card.
With schools closing down, many girls and their female family members in rural and urban areas now don't have access to sanitary pads.
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
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Dismisses speculation that he would launch a major e-commerce initiative soon.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors -- Singapore's sovereign wealth fund GIC and Global alternative asset firm TPG -- by selling a stake in group's retail arm.
Bezos' total net worth hit $65.05 billion
The company, which recently hit the run rate of $1 billion in gross merchandise value ahead of the target date, is the largest mobile phone retailer in the country, counting online and offline stores, estimates show.
Vodafone's focus is to increase consumer data adoption along with Micromax's product expertise, it said in a statement.
Ola did not disclose financial details of the investment.
Here's how Apple takes the battle to the doors of those who try to infringe upon its logo design.
Indian non-store market set to touch Rs 57,500 crore by the end of the year.
Multiple triggers such as asset sales, pickup in energy cash flows, increased traction in omni-channel retail, and rise in ARPUs could further drive the stock.
The size of the Indian financial services market could touch around $340 billion in the next few years.
For months, offline retailers and traders have been lobbying hard for a national retail policy to protect their business from the growing influx of e-commerce.
Medicines that fall under Schedule H category (class of prescription drugs) would be provided against a valid prescription that can be submitted either physically or over e-mail. Narcotics, psychotropics and controlled substances, though, cannot be delivered.
'It is unclear whether clothing or home items qualify as essential items. A lot of professionals are working from home, and they need electronics for their productivity. Does this qualify as essential?'
Besides Jeff Bezos-led Amazon, Walmart-owned Flipkart is also facing a threat from Asia's richest man and RIL chairman Mukesh Ambani, who is also betting big to grab a share of the country's e-commerce market.
Karnataka tax dept may attach assets of dealers; new retailers not being registered
Group buying sites, discounted fashion brand retailers and specialised online stores dominate the list of 20 hottest e-commerce start-ups.
The WWE says that India is its biggest market globally in terms of television viewership -- around 350 million unique viewers annually -- social media engagement and YouTube consumption, even claiming that it is the second-most watched sport in the country behind cricket.
Indian retail market would have a size of $1 trillion by 2020, said India director for e-commerce and local classified, Nitin Bawankule, on Thursday.
About 80 per cent of the domestic e-commerce market is travel related, comprising booking of airline and rail tickets, hotel bookings, and online mobile recharge, with online retailing taking in just about 15 per cent.
India is on its way to become a mobile app-first market and e-tailers and start-ups have begun their race to capture the next set of users in India - those who access vernacular content.
Rentals of retail space in these seven cities showed a mixed trend, according to CBRE's 'India Retail Market View' report for H1 2014 on the status of organized retail real estate spaces in the country's leading cities.
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