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Reuters
New Delhi, July 3, 2018
Shopkeepers and traders affiliated to a local lobby group held scattered sit-in protests across the country on Monday against Walmart Inc's proposed $16 billion acquisition of e-commerce firm Flipkart.


BusinessToday.In
June 25, 2018
Earlier this month, e-commerce firms wrote to the Internet and Mobile Association of India seeking its help to appeal to the state government for an extension to be able to change their packaging to recyclable material.


BusinessToday.in
New Delhi, June 25, 2018
Maharashtra plastic ban to cost India Rs 15,000 crore, 3 lakh jobs, claims industry officialA day after the Maharashtra government enforced the ban on a variety of plastic items, the plastic manufacturing industry on Sunday said that the state-wide ban will result in loss of up to Rs 15,000 crore and nearly 3 lakh job. In a statement to PTI, Plastic Bags Manufacturers Association of India General Secretary Neemit Punamiya said that nearly 2,500 members of the association have been left with no option but to shut shop following the ban.  The prohibition extends to a wide variety of plastic items, including plastic carry bags, and even thermocol. The move is aimed at cutting down on pollution caused by discarded plastic items.Heads of 11 PSBs to appear before parliamentary panelHeads of 11 state-run banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into 'Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Institutions'. Top officials of IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank, will make presentations before the panel and respond to queries on June 26.As trade war looms, China cuts some banks' reserve requirements to boost lendingChina's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms. The reserve reduction, the third by the central bank this year, had been widely anticipated by investors amid concerns over market liquidity and a potential economic drag from a trade dispute with the United States.But the 700 billion yuan ($107.65 billion) in liquidity that the central bank said will result from the reduction in reserves was bigger than expected.WhatsApp to offer 24-hr customer support for payments services in IndiaWhatsApp is working on setting up a 24-hour customer support for users of its payments services that is slated to be rolled out in India in the coming weeks. WhatsApp, which has over 200 million users in India, will provide support through e-mails as well as a toll-free number. The support will be available in English as well as three Indian languages - Hindi, Marathi and Gujarati. However, the official declined to comment on the launch dates and other details.E-commerce firms cash in on FIFA frenzy in IndiaIndians usually 'bleed blue' with cricket fever, but the ongoing FIFA World Cup has the nation donning yellow, green, red and white as Indian supporters cheer for their favourite teams in the team jerseys. Sale of team jerseys, as well as that of footballs and other gear, have seen strong growth on various e-commerce platforms in India over the last two weeks with Argentina, Germany and Brazil emerging as the top favourites. ShopClues said its platform has seen an average sale of around 4,000 footballs per day for the last 16 days. Interestingly, Snapdeal has also seen a spike in the sales of bean bags, recliners and home theatre systems, indicating that viewers are looking at cheering for their favourite team from the comforts of their homes. According to Flipkart VP (Fashion) Rishi Vasudev, about a third of its football-related merchandise is coming from women.


PTI
June 7, 2018



Joe C Mathew
New Delhi, June 5, 2018
Close on the heels of the opposition raised by RSS affiliated groups like Swadeshi Jagran Manch (SJM), over 100 civil society groups, including Left leaning trade unions, farmer organizations and trade associations have opposed  Walmart's $16 billion takeover bid for e-commerce firm Flipkart.


Goutam Das
New Delhi, May 11, 2018
The Walmart statement on its Flipkart purchase made all the right noises. It would create jobs and support 'Make in India'. The statement also mentions the humble kirana: \"Among other initiatives, Walmart will partner with kirana owners and members to help modernise their retail practices and adopt digital payment technologies.\"


Goutam Das
New Delhi, May 9, 2018
The Walmart deal is a sign things are changing. Flipkart's Japanese investor SoftBank has exited selling 20 per cent of its stake. Co-founder Sachin Bansal has exited as well. The 23 per cent remaining stake in Flipkart will now be held by co-founder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp.


Sonal Khetarpal
New Delhi, May 9, 2018
In a conversation with Business Today, HCL's Digital and Analytics business head Anand Birje talks about how companies are looking at digital transformation.


PTI
May 8, 2018



Reuters
May 5, 2018
Japan's SoftBank Group, the biggest investor in the Indian firm through its private equity fund, is considering selling its roughly 20 per cent stake as part of the deal if the price is right.


Prosenjit Datta
New Delhi, April 30, 2018
Inthree, StoreKing, eHaat and RubanBridge. They are not household names like Amazon, Flipkart, Snapdeal or ShopClues, say. But these are e-commerce companies nonetheless, which are trying to build significant businesses by tapping rural demand in India.


Goutam Das
New Delhi, April 30, 2018
A new breed of marketing and distribution companies is using tech to connect brands with villages.


PTI
April 27, 2018



PTI
April 26, 2018



BusinessToday.In
New Delhi, April 25, 2018
Commerce Secretary Rita Teaotia said that a policy is important in view of the issues being faced by the domestic industry.


PTI
April 11, 2018



Dipak Mondal
April 6, 2018
As the market is abuzz with the talk of a possible merger between the two e-commerce giants in the country, Flipkart and Amazon, the question that is raging now is whether the merger, if at all it happens, would get the nod from the Competition Commission of India (CCI).


BusinessToday.In
New Delhi, April 5, 2018
Mobile companies' forum approaches Commerce Minister Suresh Prabhu for influencing prices, putting jobs of 60 mn at risk


Sonal Khetarpal
New Delhi, April 4, 2018
Hiring in India is set to rise by 25 per cent in 2018/19, projects professional recruitment consultancy Michael Page in its India Salary Benchmark report.


Goutam Das
March 19, 2018
The Mumbai-based start-up uses tech and data to assess creditworthiness and provides quick business loans.


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