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Government Against E-Retailers' Predatory Pricing, Restriction of Choice: Union Minister Piyush Goyal
The government is against predatory pricing and methods used by e-retailers to cheat customers and restrict their choice, Commerce and Industry Minister Piyush Goyal said on Tuesday. Goyal said the government is not concerned about flash sales on online platforms
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Amazon Investigated By Enforcement Directorate For Alleged FDI Violation
The Enforcement Directorate is investigating retail giant Amazon for alleged violations of the foreign exchange law in its deal with Future Retail. The agency has filed a case after the Delhi High Court recently made observations about the deal while hearing Amazon's challenge to the acquisition of the Kishore Biyani-led Future Retail by the Relian...
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Delhi High Court Seeks Future Group's Stand On Amazon Plea
The Delhi High Court Wednesday sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon's plea challenging the prima facie observations by a single judge that the US e-commerce giant''s attempt to control the Indian entity was violative of FEMA and FDI rules.
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DPIIT Asks Amazon, Flipkart to Reveal Top Five Sellers, Fund Flow, Business Model, and More
After repeated complaints by the Confederation of All India Traders (CAIT) over alleged violation of FDI norms by e-commerce majors, the Department for Promotion of Industry and Internal Trade (DPIIT) has sent a questionnaire to Amazon and Flipkart over their adherence to the norms for Foreign Direct Investment (FDI).
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Piyush Goyal Warns Strict Action If Multi-Brand Retailers Flout FDI Norms
Union Minister Piyush Goyal said that strict action will be taken against multi-brand retailers found violating FDI norms set for the e-commerce companies by the central government.
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"Appreciate Hard Work" By PM Modi: Apple After Single Brand Retail Move
Welcoming the Narendra Modi cabinet's decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.
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Big FDI Moves For Single Brand Retail, Digital Media, Manufacturing
The government on Wednesday said it is taking steps to relax norms for Foreign Direct Investment in several sectors including single brand retail, digital media and manufacturing to boost the flagging economy.
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Online Retail Can Start Before Setting Up Store: Centre - Highlights
The government on Wenesday relaxed FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent Foreign Direct Investment...
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Budget 2019: Tax Rebate for Buying Electric Cars, Eased Angel Tax Norms, New Space Company for ISRO, More
Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.
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E-Commerce FDI Policy Bars Foreign Investment in Multi-Brand Retail: Government
The Department of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in the business-to-business (B2B) e-commerce segment
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Bengal Traders To Join Nationwide Strike To Protest Flipkart-Walmart Deal
West Bengal traders' body today said they would join the proposed national strike of traders on September 28 to protest the Flipkart-Walmart deal and FDI in retail trade.
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Apple Sets 'New First-Half Record' in India, Retail Initiatives in Pipeline: CEO Tim Cook
The latest comments from Apple CEO Tim Cook come months after the Union Cabinet opened an avenue for Apple Stores in India by giving green signal to 100 percent FDI through automatic route in single-brand retail.
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Baba Ramdev Says He Does Not Support FDI In Retail
Yoga guru Baba Ramdev on Tuesday said he does not support FDI in the retail sector. He, however, defended Patanjali's move to fund its expansion plans through foreign venture funds.
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FDI Relaxation To Help Attract Foreign Investors: Experts
Deloitte India Partner Anil Talreja said allowing 100 per cent foreign direct investment (FDI) in single brand retail trade should act as a catalyst for a large number of retailers that have been exploring Indian market.
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100% FDI In Single Brand Retail To Boost Demand For Retail Space
"The timing for this announcement is significant as the retail sector is poised to receive significant real estate supply in the near future," said Pankaj Renjhen, JLL India.
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Government Against E-Retailers' Predatory Pricing, Restriction of Choice: Union Minister Piyush Goyal
The government is against predatory pricing and methods used by e-retailers to cheat customers and restrict their choice, Commerce and Industry Minister Piyush Goyal said on Tuesday. Goyal said the government is not concerned about flash sales on online platforms
-
Amazon Investigated By Enforcement Directorate For Alleged FDI Violation
The Enforcement Directorate is investigating retail giant Amazon for alleged violations of the foreign exchange law in its deal with Future Retail. The agency has filed a case after the Delhi High Court recently made observations about the deal while hearing Amazon's challenge to the acquisition of the Kishore Biyani-led Future Retail by the Relian...
-
Delhi High Court Seeks Future Group's Stand On Amazon Plea
The Delhi High Court Wednesday sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon's plea challenging the prima facie observations by a single judge that the US e-commerce giant''s attempt to control the Indian entity was violative of FEMA and FDI rules.
-
DPIIT Asks Amazon, Flipkart to Reveal Top Five Sellers, Fund Flow, Business Model, and More
After repeated complaints by the Confederation of All India Traders (CAIT) over alleged violation of FDI norms by e-commerce majors, the Department for Promotion of Industry and Internal Trade (DPIIT) has sent a questionnaire to Amazon and Flipkart over their adherence to the norms for Foreign Direct Investment (FDI).
-
Piyush Goyal Warns Strict Action If Multi-Brand Retailers Flout FDI Norms
Union Minister Piyush Goyal said that strict action will be taken against multi-brand retailers found violating FDI norms set for the e-commerce companies by the central government.
-
"Appreciate Hard Work" By PM Modi: Apple After Single Brand Retail Move
Welcoming the Narendra Modi cabinet's decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.
-
Big FDI Moves For Single Brand Retail, Digital Media, Manufacturing
The government on Wednesday said it is taking steps to relax norms for Foreign Direct Investment in several sectors including single brand retail, digital media and manufacturing to boost the flagging economy.
-
Online Retail Can Start Before Setting Up Store: Centre - Highlights
The government on Wenesday relaxed FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent Foreign Direct Investment...
-
Budget 2019: Tax Rebate for Buying Electric Cars, Eased Angel Tax Norms, New Space Company for ISRO, More
Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.
-
E-Commerce FDI Policy Bars Foreign Investment in Multi-Brand Retail: Government
The Department of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in the business-to-business (B2B) e-commerce segment
-
Bengal Traders To Join Nationwide Strike To Protest Flipkart-Walmart Deal
West Bengal traders' body today said they would join the proposed national strike of traders on September 28 to protest the Flipkart-Walmart deal and FDI in retail trade.
-
Apple Sets 'New First-Half Record' in India, Retail Initiatives in Pipeline: CEO Tim Cook
The latest comments from Apple CEO Tim Cook come months after the Union Cabinet opened an avenue for Apple Stores in India by giving green signal to 100 percent FDI through automatic route in single-brand retail.
-
Baba Ramdev Says He Does Not Support FDI In Retail
Yoga guru Baba Ramdev on Tuesday said he does not support FDI in the retail sector. He, however, defended Patanjali's move to fund its expansion plans through foreign venture funds.
-
FDI Relaxation To Help Attract Foreign Investors: Experts
Deloitte India Partner Anil Talreja said allowing 100 per cent foreign direct investment (FDI) in single brand retail trade should act as a catalyst for a large number of retailers that have been exploring Indian market.
-
100% FDI In Single Brand Retail To Boost Demand For Retail Space
"The timing for this announcement is significant as the retail sector is poised to receive significant real estate supply in the near future," said Pankaj Renjhen, JLL India.
