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After Uttarakhand, Bihar and Assam tax e-comm goods

After Uttarakhand decided to impose a 10 per cent entry tax on goods purchased through e-commerce, Bihar and Assam have followed suit. The entry tax is imposed by states on goods purchased online, coming in from another state. Almost half-a-dozen other...

Amazon India applies for e-wallet licence

Amazon India has applied for a semi-closed wallet licence with the RBI to build its presence in the payment space. It is expected that a Central Bank Committee will review the application next month. And soon after the approval,...

Snapdeal signs deal to sell Michelin tyres

E-commerce major, Snapdeal has signed a deal with French tyre major Michelin to sell its products on it portal. Michelin opted for Snapdeal because of its large subscriber base and pan India reach. Michelin is expecting the new channel will...

Paytm borrows Rs 300 crore from ICICI Bank

Venture capital funding and angel investors are fast drying up, and e-commerce majors are scuttling for money to fund their day-to-day operations. Companies like Flipkart and Paytm are now turning towards banks for capital loans. Noida-based mcommerce platform, Paytm, has...

Flipkart sues Uttarakhand for taxing e-buyers

Flipkart has sued the state of Uttarakhand for its decision to impose a 10 per cent entry tax on goods purchased through ecommerce. Calling the levy "discriminatory", the ecommerce giant has filed the writ through its in-house logistics arm...

Snapdeal to hike salaries of top performers

As a part of e-commerce major, Snapdeal's efforts to become a meritocracy-led organisation, it will be rolling out annual salary hike of 20 per cent and more and ESOPs for its top performers. However, the quantum of ESOPs is...

Future Group to target e-comm giants in series of ads

India's brick-and-mortar giant Future Group is taking major e-commerce rivals head on. Future Group Founder, Kishore Biyani has decided to target Flipkart, Snapdeal and Amazon in a series of ads and he's not mincing his words. The ads will be...

Roadrunnr, TinyOwl to merge in all-stock deal

To create an integrated hyper-local delivery service, logistics player Roadrunnr and online food ordering platform TinyOwl are in preliminary stages of talks to merge in an all-stock deal. However, the vision of the combined entity is yet to be discussed....

Flipkart invests Rs 338 crore in Myntra to take on competition

Flipkart has invested Rs 338 crore in online fashion store Myntra to boost its leadership in the fashion segment. Myntra has received the fresh round of funding when its rival Jabong is struggling. In September, the founders of Jabong –...

Startup India: What the industry thinks

Prime Minister Narendra Modi's ambitious Start-up India initiative, which got voice and shape on January 16, sounds like a mega boon for aspiring entrepreneurs, willing to startup and stand up in India. The day-long event rolled out a slew of...
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Hong’s kitchen opens new outlet at Delhi’s Rohini

Hong’s Kitchen embarked on its presence in Delhi’s Unity One Mall located at CBD Shahdara and Omaxe Chowk in...
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