The foreign direct investment (FDI) rules for e-commerce companies should be applicable to domestic online players also, to restrict them from adopting any unethical business practices, said the Confederation of All India Traders (CAIT). “The restrictions imposed in FDI policy in e-commerce should also be made applicable to domestic ecommerce players to ensure a level […]

Amazon and Walmart-owned Flipkart have sought an extension of the February 1 deadline for complying with the revised FDI norms in e-commerce, stating that they need more time to understand the details of the framework. These norms – which are effective February 1 – are likely to hit Amazon and Flipkart, the hardest. These two […]

New foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022 according to a draft analysis from global consultants PwC seen by Reuters. Under the changes, e-commerce firms in India will from Feb. 1 not be able to sell […]

“Retail’s big show”, the NRF (National Retail Federation) 2019 conference, wrapped up this week in New York City. The retail conference brought together community members and exhibitors from around the world to showcase the latest innovations in shopping. This year’s biggest topics focused on creating impact from an operational aspect, a community aspect, a talent […]

Flipkart India Pvt. Ltd., the wholesale arm of the Walmart-owned e-commerce marketplace in India, has received Rs 1,431 crore in fresh funding from its Singapore-based parent entity Flipkart Private Limited. The investment came days after the Indian government made clarifications in the FDI policy for e-commerce that significantly affects firms like Flipkart. According to documents […]

Only 48% of businesses have the infrastructure set up to detect whether their IoT infrastructure is open to a data breach, a report by security firm Gemalto has revealed. Firms are now asking for the government to intervene and set better regulations around IoT security to prevent potentially damaging hacks into such devices. In fact, […]

Google has awarded IBM’s MaaS360 with Watson the accolade of the first Android Enterprise Recommended for businesses utilising both company-owned and BYOD devices. To become a recognised partner, software must offer businesses a true enterprise-level experience, with the tools to help businesses and employees be more productive. They must utilise Android’s enterprise features and developers […]

Flipkart CEO Kalyan Krishnamurthy has told select executives of third-party brands that the Walmart-owned e-tailer’s commerce business would be able to avoid any major impact from the recent government circular on FDI in e-commerce. The company is said to be taking a number of steps to deal with the fallout. Sources said it is in […]

Most online video streaming platforms have agreed to a code of self-regulation that may receive endorsement from the information and broadcasting (I&B) ministry. But divisions among companies on the principle of self-regulation and details of it persist. Netflix, Star India’s Hotstar, Reliance Jio, Zee5, AltBalaji, SonyLiv and Times Internet Limited-owned MX Player are among those […]

Travel booking site EaseMyTrip plans to raise Rs 1,500 crore ($210 million) through an initial public offer, potentially becoming the first company in the online travel booking space to list in India, according to people briefed on the matter. Rival MakeMyTrip, which is at least four times bigger than EaseMyTrip by revenue, listed on the […]