Amazon, Flipkart seek rollback of new Indian tax on online sellersAmazon and Walmart's Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters. The online retail industry is braced for a possible 1% tax on each sale made by sellers on their platforms from April if the proposal is approved by parliament next ...

Amazon.Inc latest news: The trader group will defend its case to ensure the antitrust probe is not quashed or put on hold, the lawyer added. More stringent foreign investment rules in India have also affected Amazon.

The board of Amazon Seller Services has allotted shares worth about Rs 2,208 crore to Amazon Corporate Holdings and Amazon.com Inc

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India's largest carmaker Maruti Suzuki India kickstarted the 15th edition of the biennial Auto Expo on Wednesday showcasing the concept Futuro-e electric SUV concept that will be the foundation of its electric car portfolio during the course of the decade; India and the US are set to seal a trade deal during President Donald Trump's planned visit to India in the last week of this month, multiple sources said. Trade officials of India and the US are giving final touches to the deal expected to cover specific sectors; Deaths from the new Coronavirus rose to 490 in mainland China while new cases on a Japanese cruise ship, in Hong Kong and in Thailand showed the increasing spread of the outbreak and renewed attention toward containing it. This and more news on News Blast.Also Read: Auto Expo 2020: No Chinese delegates at motor show due to coronavirus' threat

Flipkart shuts down Jabong; to concentrate on MyntraWalmart-owned Flipkart has formally shut down Jabong to concentrate on its premium fashion marketplace Myntra. Flipkart which had acquired the fashion platform around four years ago is now going to redirect Jabong's portal and its app to Myntra's shopping window.Volkswagen's Skoda targets Indian revival with tougher safety, emission rulesSkoda is hoping government moves to drag regulations for cars sold in India up to developed m...

Flipkart had bought Jabong for $70 million (in cash) in 2016 but has since been finding it difficult to work out a conclusive long-term strategy for the fashion portal

E-commerce players such as Amazon, Flipkart, Paytm and other will be listening closely as Finance Minister Nirmala Sitharaman presents her second Budget Speech shortly from now

IIM-L Placement latest news: The highest international salary offered under this placement drive was Rs 58.47 lakh and the best domestic salary offered was Rs 54 lakh. Here's for more

According to an analyst, Swiggy delivers 42 million orders a month while Zomato delivers about 37 million

The bill also attempts to upgrade India's investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes

The bill also attempts to upgrade India's investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes

Targeting the Modi government over the ongoing economic slowdown, Chidambaram said Goyal's snub \"will reverse the five successive month decline in imports and the eight successive month decline in exports\"

Bezos, who is currently in India, said Amazon would invest $1 billion to bring small businesses online in the country, seen as part of the company's efforts to dispel criticism

Confederation of All India Traders has alleged that e-commerce firms in the country like Amazon, Flipkart have continued to flout FDI norms and indulging in unfair practices

Amazon CEO Jeff Bezos is in India to meet PM Modi and industry leaders. He will also be attending the SMBhav event, which focuses on small and medium businesses in India. On his arrival in Delhi yesterday, Bezos paid tribute to Mahatma Gandhi at Rajghat and tweeted later saying, 'paid respects to someone who truly changed the world.' Bezos comes at a time when the e-commerce scenario in the country is witnessing big changes. A section of traders are protesting in the country against giants like Amazon and Walmart-owned-Flipkart, which they say, are indulging in unfair practices and also offering deep discounts. Watch the video of Bezos paying tribute at Rajghat.

Amazon and rival Flipkart have been pumping in millions of dollars across various operations like marketplace, infrastructure and supply chain management as well as marketing and promotion

Bezos is here to attend Amazon's two-day flagship event for small and medium businesses, which will kick-start on January 15; he will likely meet Prime Minister Narendra Modi too

The cash-and-carry retailer that has around 27 stores in the country has indeed been under pressure compared to its counterparts such as Metro Cash and Carry, which is now profitable after having been around for 15 years

Microsoft's India-born CEO Satya Nadella has expressed grief over the Citizenship law. \"I think what is happening is sad, primarily as sort of someone who grew up there... I think it's just bad,\" Nadella told BuzzFeed at a Microsoft event in Manhattan; Market regulator SEBI has extended the deadline given to companies to separate the roles of chairman and managing director by two years till April 2022; German engineering group Siemens said it would fulfil its contractual obligations to a controversial coal mining project in Australia's outback, attracting criticism from environmental groups on Monday. This and more news on News Blast.