Jyoti Jindgar Bhanot, secretary of the CCI, emphasised on early intervention as a key to ensure that competitive landscape in digital markets is not distorted beyond repair
To acquire majority stake in OZiva maker, 19.8% in Nutritionalab
Says it's seeing 4x increase in e-commerce sales and 2x growth in modern trade
Will largely focus on entrepreneurs aspiring to build disruptive ventures in online gaming, digital marketing, digital content, sports tech, eSports, blockchain tech and analytics
We need to be sensitive to market demand while approving proposed acquisitions.
The Competition Commission is constantly honing its toolkit to meet the challenges emanating from digital markets and plans to hire data scientists and algorithm experts for its upcoming digital markets and data unit, the regulator's chief Ashok Kumar Gupta said on Saturday. In recent times, many cases related to technology markets have come up before the Competition Commission of India (CCI), including online marketplace platforms, app stores, payment gateways, online travel, food aggregators and social networking. "Such cases pertain to issues such as self-preferencing, leveraging, data-collection practices, deep discounting, etc. "As market regulators, we cannot overlook the challenges that market power and business practices of gatekeeper platforms pose to other market participants -- those who are competing with them and, more so, those who deal with them (and rely upon them)," he said. Speaking at a conference organised by the CCI and industry body Assocham, Gupta stressed th
Leading depository NSDL on Wednesday said it has acquired a 5.6 per cent stake in the Union government's Open Network for Digital Commerce for Rs 10 crore. National Securities Depository Limited (NSDL) invested an amount of Rs 10 crore in ONDC under the private placement route, the depository said in a statement. "This strategic deal will further strengthen the digital ecosystem to take digital e-commerce to the people of India," Padmaja Chunduru, MD and CEO at NSDL, said. ONDC is an initiative of the Commerce Ministry to create an open public digital infrastructure, while NSDL has played a key role in transforming the Indian securities market by facilitating, holding and transfer of securities in dematerialised form. NSDL demat account holders are serviced through the Depository Participants from 58,000 service centres. Its investors are present in 99 per cent of pincodes in India and are spread across 189 countries. "We are glad to have NSDL as a stakeholder which would be of ..
Festive season preparation drives business for digital payments company
The whole field of cookie-based marketing and "retargeting" is aimed at persuading you, wherever you may be
Move designed to support their working capital needs; Meta to bear applicable interest payable to the bank, and give it as upfront discount to advertiser
Students in the batch come from 19 Indian states and four countries, and from diverse fields like engineering, science, arts, commerce, mass media, and management studies or business administration
Indian company says it will use partnership for investments in brand building and, expanding distribution
Company aims to touch revenue of Rs 2.7-3 trillion, achieve order inflow of Rs 3.4 trillion and return on equity of over 18 per cent by FY26
The global health body added that while nearly 60 per cent of adults and a third of children are overweight or obese, the last two years of Covid-19 pandemic made that worse
Adicube gives brands access to more than 5,000 verified influencer profiles and offers transparency in costs.
A consumer searching for the product can see the location of the seller and may opt to buy from the neighbourhood shop that can deliver faster compared to an e-commerce company.
Top Western brands from L'Oreal to Louis Vuitton engage livestreamers to help market products on China's top e-commerce platforms