BUSINESS
E-tailers like Amazon, Flipkart need to treat all sellers equally, says draft e-commerce policy
The government is trying to address the burning issues of preferred vendors and online discounting which have marred the growth of offline retailers in India.
BUSINESS
Tata Digital applies for CCI nod to add BigBasket to its cart, says acquisition will not impact competition in India
As per media reports, Tata's stake will translate into an enterprise value of Rs 13,500 crore for BigBasket.
BUSINESS
Treebo shrugs off Covid blues, eyes full recovery by the end of 2021
Hospitality startup gets a boost as competition watchdog directs MakeMyTrip, the country’s largest online travel agency, to relist Treebo properties. MakeMyTrip had de-listed Treebo and FabHotels properties in 2018 following an agreement with Softbank-backed Oyo
BUSINESS
Flipkart to cover vaccination cost of employees and their families
The company has given the employees an option to either get reimbursed for the costs of the vaccinations or get them for free at a partner hospital.
BUSINESS
NPCI on its toes as RBI hunts for new umbrella entity for retail payments
With this whole NUE conversation, there is a lot of pressure on the NPCI to kind of continue the innovation journey, says Managing Director and Chief Executive Officer of NPCI Dilip Asbe.
BUSINESS
Paytm launches point of sale app that converts phones into card payment machines
With this PoS application, a merchant will be able to accept payments through a debit or credit card just like a normal EDC machine - by tapping the card on the back of their smartphones.
BUSINESS
Explained | Oyo-Zo dispute: On what grounds did SC arbitrator announce the award that favours Zo Rooms & what lies ahead?
As per the term sheet, Zo Rooms is entitled to seven percent of fully diluted shareholding of Oyo, including preferred and equity shares.
BUSINESS
Women's Day 2021: Three female gig economy workers on what their jobs mean for them
This Women's Day, Moneycontrol brings you the story of three women who braved the odds and are part of the gig economy today:
BUSINESS
For women investors, too, raw deal is a reality in the Indian startup ecosystem
Women who write the cheque also have to face bias at the workplace. “Years ago, when workspaces were designed, they were designed by men -- for men. That has not changed," one woman investor summed up the scenario now.
BUSINESS
Oyo-Zo dispute: Oyo breached its agreement to Zo Rooms, says SC arbitrator; definitive agreement can be executed
The issues between the two companies date back to 2015 when Zo Rooms, the budget hotel accommodation chain owned by Zostel Hospitality, was shut down after merger talks between the two companies failed.
BUSINESS
Amazon India partners with UN Women to launch storefront for women sellers
Minister for Women and Child Development and Textiles, Smriti Zubin Irani who was also present at the virtual launch of the storefront, said out of 41,000 startups in India, 44 percent of them are women, reinforcing the role that women-led businesses are playing in India.
BUSINESS
MC ExpertEye: Has the COVID-19 pandemic levelled the playing field for women entrepreneurs?
The number of women taking the entrepreneurial route has increased over the years. From a medium- to long-term perspective, the pandemic has also created opportunities thereby levelling the playing field for women entrepreneurs significantly, says Saroja Yeramilli, Founder and CEO, Melorra.
BUSINESS
‘Back off from petty war or pay up’: Traders body shoots off hard-hitting letter to Amazon founder Jeff Bezos
The All India Consumer Products Distributors Federation, which said it represents 10 lakh stockists, suppliers and distributors of FMCG goods, cautions Amazon India against blocking Future-Reliance deal.
BUSINESS
Rising popularity of K-Pop and anti-China sentiment is pushing the fortunes of Korean e-tailer Korikart
Bringing its products on the mainstream platforms, the company has witnessed 300 percent growth in sales since March 2020, and is currently reporting over 40 percent MoM increase
BUSINESS
MakeMyTrip-Google AdWord case | Delhi High Court issues bailable warrant against HappyEasyGo India directors
The issue dates back to May 2018 when MakeMyTrip had filed a case against lesser known rival HappyEasyGo for infringing intellectual property rights.
BUSINESS
Flipkart to expand grocery business to 70 cities in India
Flipkart’s grocery services are available across cities like Kolkata, Pune and Ahmedabad.
BUSINESS
KPMG absorbs 150 employees of Oyo
Nearly 150 employees of hospitality startup Oyo have been absorbed by KPMG, as part of a deal won by the consulting firm last year, to deliver finance shared services for the SoftBank-backed unicorn.
BUSINESS
Amazon, Flipkart vs CCI | When big players enter the space, they give discounts to weed out competition: CCI to Karnataka High Court
The submission was made during the hearing of the challenge to the CCI order which sought an investigation into alleged anti-competitive practices by Amazon and Flipkart last year.
BUSINESS
Zomato revises delivery partner fee following fuel price hike; Swiggy to follow suit
Zomato has also identified the impact of fuel price increase in case of long-distance orders since delivery partners are required to return to their base-working localities to get another order assigned.
BUSINESS
Startup Sages | Meet Maninder Gulati, the investor who is living his entrepreneurial dream with Oyo
Maninder Gulati joined Oyo when it was two and founder Ritesh Agarwal 19. Hiring, strategising and acquisition—he has done it all at Oyo that has grown into a global brand. Last few years have been rough but chief strategy officer Gulati is convinced that Oyo is the place to be.
BUSINESS
Delhivery hired employees, ramped up infrastructure during peak COVID-19 pandemic: Sahil Barua
CJo-founder of Delhivery Sahil Barua said the home-grown logistic firm built infrastructure, released systems, hired people, increased wages and built safety systems, all during the 4-5 months when the COVID-19 pandemic was at its peak.
BUSINESS
Flipkart plans to deploy 25,000 EVs by 2030 in India
The e-tailer has already started deploying 2 and 3-wheeler electric vehicles in multiple locations for delivery across the country, including in Delhi, Bengaluru, Hyderabad, Kolkata, Guwahati and Pune.
BUSINESS
PayU-backed Fisdom acquires IT return filing startup Tax2win
This move marks Fisdom’s entry into tax solutions segment, as part of the company’s plan to offer financial services for its customers and partners.
BUSINESS
Small-Town Startups I Here's how this Dubai-returned restaurateur is helping himself and others who lost their livelihood to Covid
Patna-born entrepreneur Dheeraj Kumar returned to his hometown, leaving behind his restaurant The Fish & Chips Room in Dubai, to set up Cart Club. Here's why
