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.
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.
While the language war in other states is targeting those who can't speak the local language, in Bengal, even those whose mother tongue is Bengali have to constantly prove their Bengali-ness.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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