Page 9 - E-commerce Firms

RBI gives payment firms 6-month breather to comply with new framework

Earlier, the RBI had asked the payment aggregators to stop storing card details within their database as per its March 2020 guidelines that were to take effect from July this year

Leading private banks to cancel auto-debit payments from April 1

RBI to fine Rs 5 lakh per instance of lapse. Given that millions of bank customers use the auto-debit facility, banks were staring at hundreds of crores in fines

Competition in e-tail: Fair or unfair?

The e-commerce foreign direct investment policy doesn't sit well with the concept of competition

Amazon acquires Perpule for over Rs 107 cr to boost its tech for kiranas

Perpule provides UltraPOS is a cloud-based, mobile POS system that substantially improves the billing and checkout process at stores

Startup of the year: Freshworks aims to become a $1-bn company in 5 years

Freshworks has set its sights on increasing revenue to over $1bn inthe next five years as it prepares to take advantage of the vast untapped SaaS market

Social e-commerce platform CityMall raises $11 mn in new funding round

CityMall will use the funds to strengthen its supply chain, logistics and expand to 20 new cities.

Creative minds that rode global brands to build businesses amid Covid

E-commerce giants Etsy and Amazon have been very supportive of these entrepreneurs, who sell anything from jewellery made from concrete, to maternity gowns, to premium decals for tiles and walls

Kabeer Biswas and team pulled Dunzo out of Covid, aim to go global

The Google-backed delivery and e-commerce firm is planning to expand its services to about 25 such cities in India from about 8 cities and is also looking to go global and tap dense locations

Explained: Has Amazon actually broken e-commerce regulations in India?

Objections from the competition regulator and powerful retailers' associations could prompt a tightening of foreign direct investment rules for the online sellers

After outage, Trai puts on hold regulation on pesky SMS for one week

Users failed to receive text messages including one time passwords for online transactions , and banks attributed the glitches to Trai's new regulations which came into effect on Monday

Retail startup Shoopy raises $250,000 seed from US, India investors

Shoopy helps retailers and local business owners go online in a few seconds, and manage invoicing, billing, inventory tracking and management, among other aspects of their shops easily

Amazon sued for alleged race and gender bias in corporate hires

E-commerce firm said to hire people of colour at 'lower levels'

Amazon-Flipkart probe: Want to create level playing field, says CCI lawyer

The Competition Commission of India (CCI) lawyer told the Court that when big players give discounts, they incur losses for a short time, but this pushes the smaller players out

Enforcement Directorate intensifies Amazon probe, govt seeks info

This follows report claiming e-commerce giant dodged Indian regulations

How Jeff Bezos thinks

Book review of Invent & Wander: The Collected Writings of Jeff Bezos

Future says Amazon asked for $40mn as compensation for RIL deal

E-commerce major Amazon termed the charges as "false and misleading claims"

E-commerce firms being probed on small traders' complaints: Piyush Goyal

Says complaints against errant firms being looked into; hopes India's offer of TRIPS waiver for Covid vaccine will get WTO nod

Committed to helping FRL, don't want the company to go down: Amazon lawyer

Earlier, Future Retail Limited lawyer had argued that the retail firm may go bust and thousands may lose jobs if the Future-Reliance deal does not go through

India does not agree with USTR's report on e-commerce tax: Commerce Secy

India is not agree with the United States Trade Representative (USTR) report that the country's two per cent equalisation levy on foreign e-commerce firms discriminates against American companies

Amazon set to launch in Poland, shares in e-commerce rival Allegro fall

Poland's growing e-commerce market was given a further boost from online shopping during the pandemic and in October, home-grown eBay rival, Allegro, enjoyed a buoyant stock market debut