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Amazon, Flipkart vs retailers: CAIT seeks Competition Commission against deep discounts

As the retailers versus e-tailers fight gains momentum, industry body CAIT sought Competition Commission of India’s intervention against deep discounting by e-commerce platforms such as Amazon and Flipkart.

Online Diwali shopping: Snapdeal records 50% growth as small city buyers fuel sales

The e-tailer also highlighted a rising trend amid buyers from metro hubs like Delhi, Gurugram, who are using the e-commerce channel to send Diwali gifts to smaller cities.

Strengthening footprint: Cars24 raises $100 million fresh capital in Series D funding

The fresh financing will be used to strengthen the footprint of the company in new cities, franchise model, technology and recently-announced consumer lending (NBFC) business, the company said. The firm has so far raised around $150 million-$200 million in funding, according to industry estimates.

Microsoft’s M12 partners Mayfield, Pivotal Ventures for $6 million prize for women-led start-ups

The competition aims to accelerate funding for women entrepreneurs developing business-to-business software-as-a-service and deep-tech solutions, a statement said.

Govt probing Flipkart,Amazon for alleged discount sales

Without specifying the exact transgressions, Goyal said his ministry has received complaints from the traders body CAIT alleging violations of norms by these players.

US is not world’s biggest hub for unicorns; SoftBank 3rd top investor in billion-dollar tech startups

India stood at a distant third position having 21 unicorns followed by 13 unicorns in the UK. These big four made up for a staggering 90 per cent of the world’s unicorn population. There are a total of 494 unicorns globally

Piyush Goyal cautions e-commerce firms against alleged violation of FDI norms, warns of stern action

Last week, DPIIT Additional Secretary Shailendra Singh had met CAIT along with Amazon and Flipkart against the alleged violation of the FDI policy by the two by controlling the inventory and influencing the prices of products sold on their marketplaces.

Economic downturn: Why investing in new-age businesses makes more sense now

Credit and Finance for MSMEs: Making investments in the businesses of the future is a high-risk, high-return challenge, but it can prove to be hugely rewarding in this time of turmoil.

Booking OYO? Now travel agents to help you book room through this new portal

Hotel chain OYO on Thursday announced adding another channel for room booking for customers -- SuperAgent -- an online portal for offline travel agents to book an OYO for their customers.

100 MSMEs to explore BSE SME listing this fiscal; number of firms shifting to main board to go up

According to the data available, the market cap of 312 listed SMEs so far is Rs 18,378.77 crore while the total money raised till date is Rs 3,183.80 crore.

Credit growth in MSMEs suffers despite govt’s push, low lending rates; here’s what RBI data shows

Credit and Finance for MSMEs: The contraction in the micro and small enterprises stood higher than that in the medium enterprises, says the RBI October bulletin report.

Hotels vs Zomato tiff deepens: More restaurants will follow, warns body; also asks for tweak in Gold

The restaurant bodies including FHRAI and NRAI have been persistent in their demands that food aggregators must stop extending deep discounts and also stop levying high commission rates.

With 21 unicorns, India third on list of billion-dollar tech start-ups; US, China lead

China, with 206 unicorns and the US, with 203, dominate the list with over 80% of the world’s known unicorns, despite representing only half of the world’s GDP and a quarter of the world’s population.

E-commerce needs to earn govt’s trust; must be vocal about aligned goals towards $5 trillion economy

Indian e-commerce sector, which is dominated by large players including Amazon, Walmart-owned Flipkart, Snapdeal, etc., over the past few months has been facing heat from traditional players against alleged irregularities in the business model, regulatory violations, price control, deep discounting etc.

Delayed payment portal helping MSMEs recover dues; sees increase in number of disposed cases, says govt

Credit and Finance for MSMEs: The number of applications filed by MSEs, against payments due by buyers beyond 45 days of the acceptance of goods or services rendered, as on October 16 was 27,380 while the number of applications being disposed of was 1,528.

Nitin Gadkari for policy measures to create jobs in rural areas, check migration

Now percentage wise it has come down to 60 per cent. We will have to find out ways to provide them job opportunities in their villages so they don't need to leave their homes.

Xander Group arm completes $ 250 million fund raise

Sponsored by TXG, the platform has raised capital from European institutional investors that have previously been limited partners in XIM sponsored opportunity funds.

Flipkart names Jeyandran Venugopal as chief product and technology officer

Jeyandran Venugopal has been with the Flipkart Group for over two years and has previously served as the Chief Technology Officer (CTO) of Myntra, before moving to Flipkart in January this year.

Cheer for social impact startups: Google to support businesses using AI, ML to scale

Google has partnered with startup accelerator Social Alpha to help startups with mentorship, tools, and methodologies for growing businesses.

WeWork crisis: 2,000 employees to be laid off this week by coworking firm in attempt to avoid collapse

WeWork is now expected to hit the public market again in 2020 however at a valuation as little as $10 billion.