Here are all the top economy and markets headlines of today
India's Future Group needs to maintain status quo with respect to its $3.4 billion retail assets deal, the Delhi High Court said on Tuesday
The issue relates to a Rs 24,713 crore deal between Future Retail and Reliance Retail
He further stated that "this is going to help us realise that vision of Atmanirbhar Bharat and e-commerce is going to play an important role."
The pandemic has not only accelerated a shift to e-commerce but has also spawned startups that are building solutions relevant for the new normal, attracting the attention of big online retailers
An accelerator programme to help early-stage startups is to be launched
BSP President Mayawati, meanwhile, called for removing the objectionable content from the web series
The 'Alexa Custom Assistant' is now available anywhere Alexa is supported, including in India
Live lessons help students strengthen their JEE preparation. They can also track their progress over time, identify strong and weak areas, get insights on overall test-taking strategy
Amazon.com Inc has launched an online academy to train students for one of India's most competitive college entrance tests
This includes sellers, delivery and logistics partners, neighbourhood stores, enterprises, developers, content creators and authors working with Amazon in India
Traders' body CAIT said it has written to the ED seeking "strict action" against Amazon, claiming that the e-commerce major has caused "misery" to small traders by resorting to predatory pricing
The e-commerce giant Amazon's machine learning team in India is also developing innovations for customers worldwide
The announcement comes amid a global campaign #MakeAmazonPay, which alleges that the e-commerce giant made big profits, but at a huge cost to workers and the planet.
Traders' body CAIT wrote to Prime Minister Narendra Modi seeking "strong action" against e-commerce firms for alleged violation of FDI policy by them
At the center of the case is Amazon's efforts to block Reliance's planned purchase of Future Group's assets
The Covid-19 crisis has highlighted the resilience and optimism of Indian entrepreneurs, with more small businesses and shops embracing technology and online to reinvent themselves
The Competition Commission has approved Reliance's proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. The Rs 24,713 crore deal that would boost Reliance Industries' fast growing retail business was announced in August. In a tweet on Friday, the regulator said it has approved "acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited". Deals beyond a certain threshold require approval of the Competition Commission of India (CCI), which keeps a tab on unfair business practices across sectors. As per the notice submitted to the CCI, there are at least seven target entities. They are Future Enterprises, Future Consumer Ltd, Future Lifestyle Fashions Ltd, Future Retail Ltd, Future Market Networks Ltd, Future Supply Chain Solutions Ltd and Futurebazaar India Ltd and its subsidiaries. "The Transferor Companies consists of several
The launch of the "made in India" toy store could help local manufacturers to take on the deluge of Chinese toys into the Indian market
With the pandemic bringing about a change in consumer behaviour and an increase in online adoption, Flipkart has been focusing on enhancing consumer experiences by strengthening tech capabilities