FDI

The companies are reportedly discussing a wider agreement as they finalise the deal

With a call-and-put option, Amazon may call for Biyani’s stake in Future Retail over the long-term

Through the FPI route, Amazon has already picked up stakes in Shoppers Stop and Aditya Birla Retail's ‘More’

Japanese investors invested over $8 Bn into the Indian startup ecosystem between 2014 and mid-2018, according to Inc42 Datalabs

In terms of FDI, UK ranks third after the US and Japan as an investor in India

In 2017, Chinese internet companies invested $5.2 Bn (INR 378.1 Bn) in 30 Indian companies

Niti Aayog CEO Amitabh Kant talks about having only one agency and not ministries or agencies to deal with ecommerce

He stressed on an ecommerce policy that ensures consumer protection

Ecommerce has the potential to generate a vast number of new jobs in the economy, says Kant

• The notice was issued in a public interest litigation (PIL) filed by NGO Telecom Watchdog
• The petition said that the duo had violated FDI norms and circumvented them by routing popular products at cheaper prices through proxy controlled sellers
• The petition also said that the two companies had circumvented Press Note 3

• Small ecommerce players believe that the new rules will dissuade “malicious practices” carried out by certain platforms for “proxy sellers”
• Several complaints have emerged against ecommerce leaders Flipkart and Amazon of circumventing the norms under Press Note 3
• Press Note 3 disallows one seller from selling more than 25% of the total sales on the marketplace

The Special Group Will Comprise Of Officials From The Industry Department And Enforcement Directorate

Discussions Are On For The New Ecommerce Policy, Which Is Expected To Pin Greater Liability On Etailers

CAIT Believes That The Walmart-Flipkart Deal Will Lead To Retail Slavery in India

The DIPP Has Forwarded SJM's Complaints To The RBI, the Enforcement Directorate, the CCI, and the tax authorities.

Walmart Plans To Be The Third-Party Seller Through Flipkart

Important Indian Startup News Stories Of The Week [16-21 April 2018]

Important Indian Startup News Stories Of The Week [9-14 April 2018]