Technology 

India’s online sellers to appeal against competition commission’s Flipkart ruling

The logo of Flipkart is seen on the company’s office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa MUMBAI (Reuters) – A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using its dominant position to favour select sellers. The CCI had rejected this argument in November. The…

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Technology 

India tightens e-commerce rules, likely to hit Amazon, Flipkart

NEW DELHI/MUMBAI (Reuters) – 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. A shipment moves on a conveyor belt at an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa 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…

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Technology 

India’s tightens e-commerce rules, likely to hit Amazon, Flipkart

NEW DELHI/MUMBAI (Reuters) – 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. A shipment moves on a conveyor belt at an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa 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…

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India’s Flipkart Group fashion unit chief denies he is quitting

MUMBAI (Reuters) – The chief of Flipkart Group’s Myntra-Jabong fashion business on Friday denied a media report that he will quit after a reshuffle in the ranks following the ouster of group CEO Binny Bansal. The logo of Flipkart is seen on the company’s office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa “I’m very excited about Myntra,” Ananth Narayanan, the CEO of the business, told Reuters in an interview. “I certainly intend to continue.” But he did say that there would be some job cuts in the Jabong…

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Flipkart and Amazon not abusing market position in India: competition commission

NEW DELHI (Reuters) – Amazon and its rival in India, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands, the Competition Commission of India (CCI) said in a ruling late on Tuesday. FILE PHOTO: An employee of Amazon walks through a turnstile gate inside an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/Abhishek N. Chinnappa/File Photo The decision is a defeat for a lobby group representing thousands of online sellers in India. A case brought by the All India…

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India’s Flipkart confident of bumper sales season; says Amazon losing relevance

BENGALURU (Reuters) – Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that U.S. rival Amazon Inc is losing relevance in India. The logo of Flipkart is seen on the company’s office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season when most big-ticket purchases are made in the country. “Flipkart is expecting…

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India’s Flipkart may appoint new group CEO in place of Binny Bansal: Mint

(Reuters) – Walmart Inc’s Flipkart unit is considering naming a new chief executive officer (CEO) at the group level in place of Binny Bansal, the Mint daily reported on Monday, citing two people familiar with the matter. FILE PHOTO: Binny Bansal, Group Chief Executive Officer of India’s largest e-commerce firm Flipkart, poses at the company’s headquarters in Bengaluru, India July 7, 2017. REUTERS/Abhishek N. Chinnappa Flipkart Chief Executive Officer Kalyan Krishnamurthy is one of the leading candidates for the position, the newspaper said, citing sources. Walmart is considering both internal…

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India’s Flipkart unveils loyalty program to counter Amazon Prime

MUMBAI (Reuters) – Indian online retailer Flipkart will be launching its second loyalty program later this month, a move aimed at boosting customer retention and rivaling Amazon.com Inc’s Prime benefit plan. FILE PHOTO: A Common myna sits next to the logo of India’s e-commerce firm Flipkart installed on the company’s office in Bengaluru, India April 12, 2018. REUTERS/Abhishek N. Chinnappa/File Photo ‘Flipkart Plus’ will be launched on Aug. 15, India’s Independence Day, the Bengaluru-headquartered firm said on Wednesday, adding that the program will offer faster and free delivery, early access…

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Indian shopkeepers organize sit-in protests against Walmart’s Flipkart buy

MUMBAI/NEW DELHI (Reuters) – Indian shopkeepers and traders affiliated to a local lobby group began sit-in protests across the country on Monday against Walmart Inc’s (WMT.N) proposed $16 billion acquisition of e-commerce firm Flipkart. FILE PHOTO: A Common myna sits next to the logo of India’s e-commerce firm Flipkart installed on the company’s office in Bengaluru, India April 12, 2018. REUTERS/Abhishek N. Chinnappa/File Photo 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…

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

MUMBAI (Reuters) – 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 (WMT.N) proposed $16 billion acquisition of e-commerce firm Flipkart. FILE PHOTO: A Common myna sits next to the logo of India’s e-commerce firm Flipkart installed on the company’s office in Bengaluru, India April 12, 2018. REUTERS/Abhishek N. Chinnappa/File Photo The Confederation of All India Traders (CAIT) says the U.S. retail giant’s buyout of Bengaluru-based Flipkart will create a monopoly…

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