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New Delhi, E-commerce sector giants Amazon and Walmart had planned a kingdom in the Indian online retail sector, but their ambitions have caught Prime Minister Narendra Modi’s political preferences in view of the forthcoming Lok Sabha elections. In view of the Lok Sabha elections in May, local retailers have put pressure on the government to […]
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Walmart-owned online retailer Flipkart has told the central government that if the six months’ time is not given to follow the new rules of FDI, then the company’s customers have a big risk of breakdown. A source has given this information to Reuters. New rules for FDI are going to come into effect from February […]
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Anant Narayan, CEO of Myntra, the online sales company of fashion products has resigned from his post. This led to a pause on the speculation that he was going out since the recent changes in Flipkart, owned by Mentor. In a statement, Myntra said that in search of new opportunities, Narayan decided to step down […]
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Amazon, Walmart’s Flipkart and the other online marketplace can ask the government to make the recent changes in the Foreign Direct Investment (FDI) rules for e-commerce have not been implemented since February 1. People familiar with the matter told that these companies say that changing business models in such a short time is not easy, […]
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Recent changes in the Foreign Direct Investment (FDI) guidelines for e-commerce companies have raised questions about the company related to Amazon India’s food business. It will also affect Amazon’s current business model. Sources said that Amazon is taking legal opinion that Amazon Retail India Private Limited can continue to sell on its platform or it […]
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New Delhi, With the new rules of Government of India on Ecommerce Marketplace, it will be impossible to give more discounts and cashbacks to big companies such as Amazon India and Flipkart. Due to the rules that will come into effect from February 1, 2019, this will mainly be due to major changes in supply […]
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The change in FDI policy in e-commerce will be a big setback to eminent jurists like Amazon and Flipkart, since these two companies have goods worth 2 to 2.5 thousand crores each. The worry of concern for them is how to eliminate this huge reserves before February 1. Actually, the new policy clearly states that […]
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Flipkart is launching a new sale called Big Shopping Days for its customers. Customers will get a discount on all types of products in the sale. sale will run from 6 to 8 December. The company has partnered with HDFC Bank for Sale. Under this partnership, payment of an HDFC Bank card (debit / credit) […]
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Binny Bansal, the co-founder and group Former CEO of the country’s leading e-commerce company Flipkart, resigned from his post on Tuesday. On the resignation, the company’s largest shareholder Walmart, issued a very confused statement, in which they said that the decision has been taken against Binny after allegations of “serious personal misbehavior”. Binny, while rejecting […]
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Take all the information before buying gold or diamond Jewellery from any website or online store. Well there are some great apps for shopping for Julie, who can help you. The special thing is that they are getting bumpers discounts on this purchase in the festive season. Dhanteras is on 5th November and on this […]
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