Police on Thursday had issued a notice to Flipkart after it was found the acid was purchased from the its site. In response, Flipkart said the acid was sold by an Agra-based firm.
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.
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.
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.
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.
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.
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.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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