Tuesday, 9 August, 2022
TopicFlipkart

Topic: Flipkart

Open e-commerce — India’s giant slayer that could limit Amazon, Flipkart’s market dominance

It’s unclear yet how exactly India’s open e-commerce network will work. The template is India's highly successful UPI model. But the open digital network is a solution searching for a problem.

Piyush Goyal slams e-commerce giants, vows social media-like rules for Amazon, Flipkart

Commerce Minister Piyush Goyal’s comments came a day after the Supreme Court refused to halt CCI probe against Amazon and Flipkart for alleged anti-competitive practices.

SC refuses to hear Amazon, Flipkart pleas against CCI probe in antitrust case

The bench noted that challenging the enquiry is like wanting a notice before the registration of an FIR and asked the e-commerce giants to submit themselves to the probe by the CCI.

Google, Amazon, Flipkart have all protested. India needs a new trade secrets law

The absence of trade secret legislation in India leads to unnecessary litigation and non-cooperation in ongoing antitrust investigations.

ED slaps Rs 10,600-crore notice to Flipkart, its founder over alleged forex violations

The show cause notice was issued to 10 people including Flipkart founders Sachin Bansal & Binny Bansal. Flipkart said it's in compliance with Indian laws, including FDI regulations.

Zomato, Flipkart, Paytm — flush with unicorns, India’s tech moment arrives

With China's crackdown on internet companies and India’s 625 million internet users just dipping their toes into the world of social networking & ecommerce, investors are turning their attention to India.

Flipkart valuation surges to $37.6 billion, raises $3.6 billion in fresh funding

The funding round saw the participation of sovereign wealth and pension funds and included Walmart, SoftBank Tencent Holdings & Blackstone Group-backed Antara Capital among others.

Swadeshi push, no flash sales: How draft e-commerce rules will impact Amazon, Flipkart, others

India is set to tighten laws governing e-commerce companies as it looks to create a more level-playing field between online and offline retailers.

Flipkart could get $500-million funding from Abu Dhabi’s state investment firm ADQ

Flipkart is seeking to raise at least $3 billion and could decide to increase the amount to as much as $3.75 billion as it plans to debut in the public markets next year.

Flipkart looking to raise $3 bn as competition from Amazon, Reliance, Tata heats up

The startup is targeting a valuation of about $40 billion as it plans to debut in the public markets next year. Japan’s SoftBank could invest $300-$500 million in the company.

On Camera

YourTurn

Representational image | Indian Navy/Facebook

Tale of two ships – How Delhi is asserting Indianness of the Indian Ocean to China

A US Navy ship docked in an Indian port for the first time. And a Chinese ship couldn’t in Sri Lanka. New Delhi is finally pulling strings.
Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.

Defence

First batch of women cadets to join NDA

First batch of 19 women cadets join NDA, set to begin training this week

The cadets will train for three years at NDA, Khadakwasla for the 148th course. The Supreme Court last year paved the way for women to take the NDA test for the first time.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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