The news is by your side.


Modi’s clampdown on e-commerce may not win back votes of small retailers

NEW DELHI: India’s new curbs on e-commerce companies may not be enough to win over small store owners and traders in next year’s general election, with the key voting bloc still seething over what it sees as broken promises by Prime Minister Narendra Modi. From Feb. 1, e-commerce firms such as Amazon.com and Walmart-owned Flipkart Group will not be able to sell products from companies in which they have an equity interest or form exclusive agreements with sellers. Intended to prevent predatory pricing and deep…

India tightens e-commerce rules

NEW DELHI/MUMBAI: India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1. “An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace…

Indian shopkeepers plan sit-in protest against Walmart’s Flipkart buy

MUMBAI: A lobby group of small Indian traders and shopkeepers has asked tens of thousands of its members to hold protests across the country on Monday against Walmart Inc’s proposed $16 billion acquisition of e-commerce firm Flipkart. The Confederation of All India Traders (CAIT) says the U.S. retail giant’s buyout of Bengaluru-based Flipkart will create a monopoly in the retail market and drive small store-owners out of business. Praveen Khandelwal, the secretary general of CAIT, told Reuters he expected a million…