Thursday, 20 January, 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

Neeraj Chopra won Gold at Tokyo Olympics in 2021 | Photo: Suraj Singh Bisht | ThePrint

Armed forces’ ‘sports for wellness’ rule cost India. Time to bring back ‘gladiator sportsmen’

Until 1970s, Indian armed forces allowed units to spare military training for some men to help them focus only on sports. Then came the outcry to ban sports competitions.
Reserve Bank of India building in Mumbai | Photographer: Kanishka Sonthalia | Bloomberg

Exotic forex derivatives make comeback in India as RBI pushes to deepen markets

RBI allowed lenders to offer derivative products this month. Banks like ICICI Bank & Axis Bank sold barrier forex options to customers including Reliance Industries & Supreme Petrochem.

Defence

File photo of IAF drone seen flying in Leh on 18 Nov 2020 | ANI

Indian firm gets foothold in prized global ‘kamikaze’ and armed drones market

Global demand for loitering munition & armed drones saw a jump after Azerbaijan was able to defeat superior Armenian armed forces in 2020 with the help of these systems.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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