Buyers

Buyer is liable if builder fails to pay his EMI

The National Commission observed that the loan agreement entitled the bank to recover the EMI from the purchaser if the builder failed to pay on his behalf

Sheela Foam to buy rival mattress maker Kurl-on for Rs 2,000 crore

The combined entity will have a market share of more than 50 per cent in India's organised mattress space

Jaipur set to host 11th edition of India StoneMart international exhibition

Scheduled to be held at the Jaipur Exhibition and Convention Centre, Sitapura Industrial Area, from November 10 to 13, the exhibition is considered one of the biggest of its kind in India

Delhi traders urge buyers to return to markets for Diwali shopping

Attractive discount schemes, lucky draws, selfie points and food stalls, markets in the national capital are trying every trick in the book to bring back buyers this Diwali. Markets across the city have been decked up with bright lights, while traders are running campaigns on social media to urge people to visit instead of shopping online, a traders' organisation said. The Chamber of Trade and Industry (CTI) Chairman Brijesh Goyal and President Subhash Khandelwal urged consumers to visit markets with their families. "Bring back the radiance to the markets, light the lamp of enthusiasm in the city markets. Avoid online shopping. The fun of shopping is at the shop, not on the screen," Goyal said. Selfie points and food kiosks have been set up, discount schemes and lucky draw coupons introduced to attract customers to the markets, Goyal said. The CTI is also appealing to shoppers through Facebook, Twitter and WhatsApp, urging them to go to the markets instead of relying on e-commerce

Buyers splurge as Diwali shopping makes grand return after Covid lull

It is the season of lights, parties and gifts. And this Diwali, after a two-year pandemic-induced lull, people are thronging the markets to grab the perfect gift for their loved ones and keep the ritual of exchanging goodies alive. This season, shoppers are once again contending with the problem of plenty, be it in deals or offerings, which has bewildered even the most seasoned buyer. This was why Vandana Thapa, a homemaker in her 40s, played it safe and bought a mixed-bag of sorts, including electronics, home accessories to 'tried and tasted' mithai, to satiate her annual festival shopping cravings. Her laundry list of items includes a bar cabinet for her brother, phone for her father, home decor items for colleagues and sweet boxes for her house help. According to industry experts, even though gourmet hampers, home furniture and accessories, such as chic candle stands or crockery, and sweets are in huge demand, electronic devices, including mobile phones and smart wearables, rema

Amazon registers 80% buyers from smaller cities this festival season sale

E-commerce platform Amazon India has recorded the highest growth in the festive season sale, with 80 per cent of the buyers coming from tier 2 and beyond towns. Mobiles and accessories saw strong double-digit growth this season as compared to Amazon Great Indian Festival (AGIF) 2021 and 5 times higher when compared to average business days, with 80 per cent of customers coming from Tier 2 and 3 cities. While the company did not disclose details of overall sales that it registered during AGIF 2022, Amazon India Vice President Manish Tiwary said "it has been the best-ever festival sale" for the company. Amazon claims to have seen participation from 11 lakh sellers, which includes 2 lakh local stores. "More than 35,000 sellers saw their highest-ever single-day sales. Over 650 sellers became crorepatis (over Rs 1 crore sales) and 23,000 sellers became lakhpatis (over Rs 1 lakh sales)," Tiwary said. Mobile phone sales dominated online festive sales and Amazon too recorded traction for

Understand conditions that can render warranty void before buying a product

Buy an extended warranty only if there is no duplication vis-a-vis manufacturer's warranty

ONDC framing rules on personal info protection, grievance resolution

The government's entity ONDC (Open Network for Digital Commerce) is in the process of framing rules with regard to protection of personal information and grievance resolution for buyers, sellers and gateways operating through its network. A set of rules on protection of personal information and setting up of grievance resolution mechanisms would be part of the comprehensive ONDC network policy, according to a consultation paper released by ONDC on Thursday. The policy, which includes different chapters, has already framed rules on issues like branding guidelines, code of conduct and ethics, business rules, and onboarding and certification requirements. "Chapters which are under development" in the policy include issue and grievance management policy, network governance data policy, network technology governance, and termination and suspension policy. The chapter on network data governance policy would lay "down the obligations of network participants with respect to protection of .

Ahead of festive season, Amazon, Flipkart scale-up facilities across India

E-commerce firms such as Amazon, Flipkart, and others witnessed blockbuster festive season sales of about $9.2 billion last year

BNPL credit facility used without caution can lead to a debt trap

Understand all the attendant costs of this facility; delayed repayment will hit your credit score

Buyer shouldn't pay for bank's mistake

Despite the State Commission having concluded that there was deficiency in service on the part of the bank, it had not been held liable

Mercedes Benz to sell cars in India directly to buyers via franchise

The invoicing to be done in the name of the company instead of dealers

Buyer entitled to refund in case of delay

The National Commission concluded force majeure or delay due to reasons beyond the control of the builder would not apply to dereliction of duty

A potential game changer

Implementing automated solutions can reduce processing costs and fraud or misreporting rate