Amazon and Flipkart have communicated to the Department for Promotion of Industry and Internal Trade that they do not engage in predatory pricing online in India as the government body investigates them.
Facebook on Thursday launched a catalog feature for its WhatsApp messaging app, building out the service's e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion.
The Competition Commission of India plans to create advisory guidelines for e-commerce businesses operating in India to encourage transparency and decide when deep discounting practices are appropriate.
Flipkart-owned fashion retailer Myntra’s net loss for the fiscal year 2018-19 increased by 257 percent to Rs 539 crore ($76.1 million) as against the net loss of Rs 151 crore it reported in the last financial year.
The India Fashion Forum will hold its 20th edition from December 17 to 18 at the Hotel Conrad in Bengaluru and will bring together fashion retailers from across the country to discuss current trends and innovation.