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E-commerce platform Meesho has partnered with the BSE to launch a new initiative aimed at helping micro, small and medium enterprises (MSMEs) and digital businesses transition into publicly-listed companies. The initiative, named 'Project Shikhar', was formalised through a Memorandum of Understanding (MoU) and aims to facilitate the listing of high-performing independent e-commerce sellers on the BSE SME platform, addressing their need for growth capital. BSE Managing Director and CEO Sundararaman Ramamurthy said the exchange pioneered the SME platform to give dynamic, job-creating businesses a direct route to capital markets. "Over the years, the BSE SME platform has enabled hundreds of MSMEs to list, raise growth capital and strengthen governance standards. This partnership with Meesho extends that ecosystem to digital-first entrepreneurs, helping e-commerce sellers become public companies," Ramamurthy said. A substantial segment of India's retail commerce operates in the informa
Four major e-commerce platforms, Amazon, Flipkart, Meesho and JioMart, have delisted an allegedly unregistered agro-chemical product following notices issued by the Central Consumer Protection Authority (CCPA), which has since ordered a detailed investigation into the matter. The platforms informed the regulator that listings of "Cyclosinone Herbicide" had been removed with immediate effect and that seller accounts associated with such listings had been placed under scrutiny, the regulator said in a statement on Saturday. The CCPA, however, said the responses were only a first step and directed that the matter be taken up for comprehensive investigation. "The CCPA has placed the matter for detailed investigation," the regulator said. The notices were originally issued following a complaint by the Crop Care Federation of India (CCFI), forwarded by the Ministry of Agriculture and Farmers Welfare, alleging that the herbicide was being actively sold and promoted online despite not ...
E-commerce firm Meesho has received an income tax demand notice of around Rs 1,500 crore, including interest, which the company plans to contest, a recent company filing said. Meesho received the notice on March 6 for assessment year 2023-24. "The Assessment Unit of Income Tax Department has raised a tax demand aggregating to Rs 14,99,73,82,840, including applicable interest," the filing said. The filing said that the demand order is based on certain additions and adjustments to the income reported by the company. "The company is currently evaluating the Assessment Order and does not concur with the observations and adjustments made in the Assessment Order. The company believes that it has adequate legal and factual grounds to contest the same and is taking necessary steps to protect its interest," Meesho said. The e-commerce firm said that a similar demand order was issued for the assessment year 2022-23 as well, which it disclosed in detail in the prospectus filed on December 5,