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E-commerce norms flouted despite Amazon India tweaking ownership

The Indian e-commerce market is expected to reach $200 billion by 2026 from the current $48.5 billion (as of 2018) and to create a level-playing field for small and medium players, the government brought in a new e-commerce policy...

New FDI rules in Indian retail sector reassure influx of investments, says GlobalData

The Ministry of Commerce of India has recently announced a slew of relaxations on single-brand retail’s FDI investments. The new FDI norms can be seen as an effort by the government to encourage investments and create employment opportunities over...

Allowing single-brand retailers to sell online first to help global firms tap Indian market: Deloitte

The Government's announcement to allow single-brand retailers to sell goods online first before opening brick-and-mortar stores is a win-win for global players to tap the domestic market, consultancy firm Deloitte said on Saturday. The Government recently relaxed norms for single-brand...

Apple mulls 2-3 physical, an online retail store in India

Apple plans to set up up to three brick-and-mortar outlets in India besides an online store as the iPhone maker looks to further cement its position in one of the world's largest smartphone markets. According to sources privy to PTI,...

Cabinet eases local sourcing norms in single-brand retail

The Union Cabinet on Wednesday unveiled the second round of foreign direct investment (FDI) reforms by easing the 30 percent local sourcing norm in single-brand retail (SBRT) where domestic procurement for exported goods will now qualify for inclusion under...

Government to soon consider proposal to relax local sourcing norms for FDI in single brand retail

The Government will soon consider a proposal of relaxing rules for complying with the mandatory 30 percent local sourcing norms by foreign single brand retailers, official sources told PTI. According to a PTI report: As per the proposal, single-brand retail...

‘Relaxing sourcing norms in single brand retail will bring FDI’

The budget proposal to relax the local sourcing conditions in the Single Brand Retail Trade (SBRT) sector should have a big positive impact for both the existing players and the sector owing to the new foreign direct investment (FDI)...

UKIBC urges government to revisit FDI norms for multi-brand retail

The UK-India Business Council has urged the Narendra Modi-led government to revisit FDI norms in the politically sensitive multi-brand retail segment to attract more investments by foreign companies who have largely shied away from the sector. According to a PTI...

Foreign e-tailers must have registered entity in country: Draft policy

E-commerce sites or apps available for download in India must have a registered business entity in the country, according to latest draft e-commerce policy, which also proposes regulation of cross-border flow of data collected by sector players in India. According...

Walmart bets on India despite change in FDI norms

American retail giant Walmart and its Indian e-tail major Flipkart are betting big on India despite the revised norms for Foreign Direct Investment (FDI) in e-commerce, the companies said. "Walmart's and Flipkart's commitment to India is deep and long term....
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Mahindra Logistics profit falls 55% to Rs 10.15 crore in April-June

The revenue during the quarter under review, however, rose 10 per cent to Rs 1,156.66 crore from Rs 1,050.92...
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