The drug cannot be sold over the counter in violation of drugs and cosmetics norms," Karnataka Drugs Controller Amaresh Tumbagi told PTI here Wednesday. Prosecution proceedings also have been initiated against a proprietor and a staffer of Herbal Health Care company based in Ludhiana for same violations, he said.
The funding, however, would come at a much lower valuation of about USD 8-9 billion, sources close to the development said.
The e-tailer and its investor are discussing valuations close to USD 3-4 billion but the former is trying to bag new investors at a better valuation.
Amazon.in has launched a new warehouse in Delhi-NCR, its seventh such facility in the region, a move that will help the US-based e-commerce giant deliver products faster during the festive season.
Infibeam's IPO, the first in the e-commerce space, will have a lot riding on it. As an investor, you will do well to know what you are getting into.
Travelkhana CEO and Co-Founder Pushpinder Singh said, "The Budget has been quiet on certain aspects (like GST) although some future actions have been promised. We would have to wait and watch out for those initiatives."
Amazon India completes 2 years today. In an exclusive conversation with CNBC-TV18's Poornima Murali, Amit Agarwal, Managing Director of Amazon India talks about the mobile growth, foreign direct investment (FDI) in e-commerce and the e-tailer's contribution to make in India initiative.
Chinese handset maker Xiaomi, which had also begun its India journey through Flipkart, is now selling its products through other e-tailers like Snapdeal and Amazon as well as physical outlets such as Airtel stores and The Mobile Store.
The e-commerce giant had recently shuffled its top deck to bring in new talent for the next level of growth. Mukesh Bansal says restructuring is an ongoing process and the focus is on bringing in new leaders into the organization.
Amazon says it is working to put this problem behind it, saying it's more a case of bad laws, and less about non-compliance.