BUSINESS
Rahul Chaudhary steps down as Treebo co-founder, to stay on company board
Treebo which had been fighting a battle with online travel agency (OTA) MakeMyTrip also got a boost from a Competition Commission of India directive that allowed Treebo and its rival FabHotels to relist their properties on the OTA in March.
BUSINESS
RIL AGM 2021 | JioMart integrates with WhatsApp for e-commerce; to onboard one crore merchants in three years
During the past one year, JioMart witnessed a threefold growth in kirana orders and a twofold growth in order frequency.
BUSINESS
Trifecta Capital to close $100 million in first tranche of equity fund in July
Trifecta pioneered venture debt in India with the launch of its first Rs 500 crore debt fund. It recently made the final close of its Rs 1,000 crore second fund.
BUSINESS
Ajio contributes 25% of our apparel business: Mukesh Ambani
Launched in 2016, Ajio now claims to be having a portfolio of over 2,000 labels and brands with five lakh listings on its platform.
BUSINESS
NCLAT concludes hearings in Oyo case; hotel creditors argue their claims must be upheld
The matter is at a crucial point after the original claimant settled out of court even as insolvency proceedings were allowed to go ahead
BUSINESS
What's wrong in giving discounts on rental to sellers: Flipkart to Karnataka HC
Flipkart’s counsel says that the argument that the e-commerce major can give sellers discounts on rentals is being misconstrued as an admission of violating FDI norms.
BUSINESS
Amazon, Flipkart private labels under lens in new draft e commerce policy
The draft e-commerce policy forbids marketplaces like Amazon and Flipkart from using data generated from their platform to launch their own products that compete with items offered by other sellers
BUSINESS
Government tries to nail key issues: Here are 10 takeaways from draft e-commerce policy
Government has tried to address some core issues such as preferential treatment given to select sellers, country of origin and definition of related parties to bring a level playing field for the online and offline players in India.
BUSINESS
Govt issues draft e-commerce policy in a bid to tighten rope for Amazon, Flipkart in India
The government has tried to tighten the norms for displaying the country of origin, ensure that e-tailers like Amazon and Flipkart do not use the data collected through their business for unfair advantage and curb any possible links these companies may have with the traders on their platforms.
BUSINESS
CCI probe | Flipkart, Amazon present arguments in Karnataka HC; hearing to continue on June 22
Marketplaces are alleged to be having a preferred vendor model which favours a select set of merchants.
BUSINESS
PMC Bank resolution | Bank will be up and running by 2021 Q4: BharatPe co-founder Ashneer Grover
In a telephonic interaction with Moneycontrol from the United Kingdom, Ashneer Grover, co-founder and chief executive officer of BharatPe, talks about the plans going forward.
BUSINESS
IPO-bound Zomato's $100-120 million investment in Grofers enters last lap
IPO-bound food delivery platform Zomato is pressing ahead with its long-held plan to purchase a stake in Grofers, its $100-120 million investment in the online grocery startup at a valuation of a billion dollars entering the last lap and an announcement imminent in the next few weeks, said people familiar with the development.
BUSINESS
Flipkart starts presenting its case in Karnataka HC's division bench; hearing to continue on June 21
The issue dates back to October 2019 when the Delhi Vyapar Mahasangh submitted a plea to the CCI against Flipkart and Amazon, accusing them of anti-competitive practices, predatory pricing and preferential treatment of sellers, among others.
BUSINESS
Grofers co-founder exits amid Zomato funding talks
Grofers co-founder Saurabh Kumar has left the company at a time when Zomato is reportedly planning to invest in the online grocer, or even buy it outright. Kumar will however retain his shares and be on Grofers' board of directors.
BUSINESS
Paytm IPO: One97 calls EGM on July 12 to approve Rs 12,000-crore fund raising plan
Paytm is looking to raise Rs 12,000 crore through fresh issue of shares.
BUSINESS
Flipkart challenges Karnataka HC decision: Here's a look at its key contentions
The Walmart-owned e-commerce firm has challenged the Karnataka High Court’s judgement which allowed the Competition Commission of India to continue its investigation against the firm. Flipkart’s argument is that the probe will cause irreparable injury to the company
BUSINESS
Flipkart challenges Karnataka HC judgement in division bench, Amazon tags along
Amazon's counsel also asked for his matter to be tagged along with Flipkart's appeal.
BUSINESS
Meet the Paytm 'mafia' behind a new generation of startups
There is something about Paytm. The Indian multinational technology company has encouraged the spirit of entrepreneurship, pushing its team members to think big and out of the box. The outcome is several start-ups spawned by their former senior executives.
BUSINESS
Here's why this niche apparel portal decided to stay away from Amazon-Flipkart
YourLibaas has grown selling apparel from its own website, avoiding e-commerce majors. It’s founder Khalid Raza Khan says those platforms have some unfriendly policies and are better suited for mass-market products, not the premium, exotic ones that it offers
BUSINESS
Govt should initiate strong action against Amazon-Flipkart following Karnataka HC judgement: Praveen Khandelwal of CAIT
Praveen Khandelwal, National secretary general of CAIT explains why they are not against the online commerce model and are only opposing the alleged malpractices of the leading players which has impacted the livelihoods of hundreds of small traders
BUSINESS
Karnataka High Court order latest in a string of legal troubles for Amazon in India
Amazon has been taken to court by trader bodies for alleged anti-competitive practices, is being investigated by ED for allegedly violating FDI norms and is also caught in a high-profile legal battle involving the Future Group.
BUSINESS
E-commerce players flouting norms, revise FDI guidelines, CAIT tells govt
The traders' body hails Karnataka High Court order allowing the Competition Commission of India to continue its investigation against Amazon and Flipkart for anti-competitive practices.
BUSINESS
CCI to continue its probe against Amazon, Flipkart: Here are some key arguments made in the case
Udaya Holla and Dhyan Chinnappa, senior advocates appearing for Flipkart said that if a seller chooses to sell exclusively on Flipkart’s market place, it is his/her prerogative and Flipkart cannot be held responsible.
BUSINESS
Karnataka High Court dismisses writ petition of Amazon, Flipkart against CCI probe
It all started almost 18 months ago when the Delhi Vyapar Mahasangh (DVM), a group representing small and medium business owners in the national capital, submitted a plea with CCI against the country's two biggest e-commerce players, accusing them of anti-competitive practices, predatory pricing and preferential treatment of sellers among others.
