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Flipkart

Flipkart tells Indian court it offers lower fee if sellers cut prices
World

Flipkart tells Indian court it offers lower fee if sellers cut prices

  • I tell my sellers at a time like Diwali if you reduce your prices, I will give you a reduction in rent. What's wrong?".
  • India's foreign investment law for e-commerce says "entities providing (a) marketplace will not directly or indirectly influence the sale price of goods or services".
Published 21 Jun, 2021 07:05pm
Amazon calls on India not to alter e-commerce investment rules
Business & Finance

Amazon calls on India not to alter e-commerce investment rules

  • New Delhi has been considering revising e-commerce foreign investment rules for weeks. The last time they were changed, in 2018, it forced Amazon and Flipkart to rework their business structures and soured trade relations between India and the United States.
  • Amazon has said it "does not give preferential treatment to any seller on its marketplace," and that it "treats all sellers in a fair, transparent, and non-discriminatory manner".
Published 25 Mar, 2021 05:42pm
Walmart's Flipkart in early talks for US listing via SPAC deal
Business & Finance

Walmart's Flipkart in early talks for US listing via SPAC deal

  • The talks for a deal with a special purpose acquisition company (SPAC) are at a very early stage and could fall apart as no plans have been finalized yet, said the people, who declined to be named as the information is confidential.
  • India's largest renewable energy firm ReNew Power last month struck a deal with a blank-check company to go public in the United States, while SoftBank-backed online grocery startup Grofers has also held talks with SPACs.
Updated 04 Mar, 2021 09:51pm