The government today said that several complaints have been received regarding supply of defective and damaged goods by online retail companies and in various cases consumers have been advised to file grievances at appropriate forums.
Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd to tap into the digital marketing sector.
Amazon.com Inc is in early talks to invest in Indian pharmacy chain MedPlus, Indian news website FactorDaily reported on Tuesday, citing sources.
Online grocery firm Grofers today said it is entering the FMCG segment and is targeting an overall revenue of Rs 2,500 crore by FY19.
Office space leasing increased by 10 per cent to over 20 million sq ft in the first six months this year, driven by higher demand from e-commerce companies and co-working operators, according to property consultant CBRE.
Fertiliser major IFFCO has partnered with Singapore-based technology firm iMandi to start an e-commerce platform for farmers with an investment of about Rs 80 crore.
India is in the process of framing rules to regulate the e-commerce sector, which is expected to touch USD 120 billion by 2020, Food and Consumer Affairs Minister Ram Vilas Paswan said.
Rita Teaotia chaired the first meeting of the task force set up to recommend the framework for a national policy on e-commerce and deliberated upon issues such as cross-border data flows, taxation, trade facilitation and logistics, consumer confidence, IPR and future tech, FDI and competition.
Google will invest $550 million in China’s JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
CAIT said it will hold protests at 1,000 places across the country on July 2 against Walmart's proposed acquisition of 77 per cent stake in home-grown retailer Flipkart in a USD 16 billion deal.