The Enforcement Directorate has launched an investigation into e-commerce giants Flipkart and Amazon following an alleged violation of foreign direct investment regulations, the ED informed the Delhi High Court.
Online businesses including Snapdeal and ShopClues are reportedly forming an organisation named 'The E-commerce Council of India' to advocate for Indian-owned businesses as more foreign players enter the market.
German sportswear major Adidas Group has elevated its India head Dave Thomas to the position of managing director emerging markets. Thomas has been heading Adidas Group’s operations in India since 2014.
Reliance Industries Ltd plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, sources said.
Amazon India recently signed an agreement with Kudumbashree, a poverty eradication and women empowerment programme of the Kerala State Poverty Eradication Mission for its initiative called Amazon Saheli.
Paytm is looking to strengthen its market position in the country by acquiring new customers for growth and has earmarked an investment of Rs 250 crore to launch its own subscription program ‘Paytm First’.