An Indian court on Friday dismissed a petition by Amazon.com Inc and Walmart's Flipkart seeking revocation of a single judge's decision to allow an antitrust probe against them to continue
Both Amazon and Flipkart have challenged the Competition Commission of India (CCI) in court as they seek revocation of a court's June decision to allow an antitrust probe against them to continue.
Start-up listings will open up opportunities
Flipkart is now among the 10 largest e-commerce companies in the world by valuation, according to experts
During a town hall meeting, Flipkart CEO Kalyan Krishnamurthy told the employees that the firm aims to become a $100 billion company in terms of valuation
Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore, according to sources.
Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner
Finalists of the Flipkart Leap programme, including startups from retail tech, robotics, agri- tech and fintech space, showcased their offerings to potential investors and industry leaders
Flipkart has also ensured it is fully compliant with all EPR rules and through its network of recyclers, the equivalent quantity of single-use plastic going to consumers is fully recycled
Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major's orders. PhonePe's dynamic QR code solution will enable customers who earlier opted for 'cash on delivery' to pay digitally through any UPI app at the time of delivery, PhonePe said in a statement. This will help reduce personal contact while ensuring safety and drive contactless payments for customers who are traditionally more comfortable with cash on delivery, it added. "Digital payments adoption has become widespread over the past few years, thanks to UPI. However, there still continues to be a preference for cash on delivery among some customers at the time of delivery," PhonePe Director (Business) Ankit Gaur said. Digitising these cash-based payments would give a major boost to not just e-commerce but also contribute to the larger goal of Digital India, he added. "Our partnership with Flipkart to enable contactless and safe payments for
Earlier deadline was set for July 6; companies now have till July 21 to submit their views
Idea is to give 'free and fair' choice to buy products on online platform
Govt is studying industry comments, will take a call on making relevant changes before the rules are finalised
Govt's tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country's online retailers
With Shopsy, Flipkart aims to enable over 25 million online entrepreneurs by 2023 as they reap the benefits of digital commerce
The coming weeks should give us an idea on how e-commerce firms would do business in India if new rules are to be followed, writes Nivedita Mookerji
Spread across 120,000 sq ft, the centre will employ over 1,200 people at full capacity
The tussle with governments is a familiar territory for Amazon since it, along with Apple, Google and Facebook, face potentially similar charges in the US
The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
New Indian e-commerce rules will raise costs for all online retailers but particularly Amazon and Walmart's Flipkart as they may have to review their business structures, senior industry sources said