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Punish Amazon with Rs 1.44 lakh crore penalty: CAIT to ED

IANS -
The Confederation of All India Traders (CAIT) has asked the Enforcement Directorate to immediately punish Amazon for the brazen violations of FEMA Act, Rules and Regulations by imposing maximum penalty of 3 times the value of the illegal investments...
Retail

E-commerce norms flouted despite Amazon India tweaking ownership

IANS -
The Indian e-commerce market is expected to reach $200 billion by 2026 from the current $48.5 billion (as of 2018) and to create a level-playing field for small and medium players, the government brought in a new e-commerce policy...
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Tough 2020 awaits Amazon, Flipkart as Reliance firms up plans

IANS -
With more and more Indians taking the online route to fulfill their shopping needs, e-tailers like Amazon and Flipkart are witnessing high demands, including from far-flung and remote areas, but overall slowdown and negative sentiments - coupled with the...
Retail

E-shopping sites can’t favour single sellers: Govt

Indiaretailing Bureau -
Flipkart and Amazon will now have to cut down the dominance of certain products on their portal. As per the Government's injunction, no vendor or company will be allowed to account more than 25 per cent of its overall...
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In FocusAbhisar Narula -

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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