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E-commerce companies have no right to offer discounts or adopt predatory prices. Selling products cheaper and resulting the retail sector to incur losses is not allowed, said commerce minister Piyush Goyal in Mumbai on Thursday. (Photo: File)
Govt probing Flipkart, Amazon for alleged discount sales: Piyush Goyal
18 Oct 2019 3:40 PM

Detailed questionnaires have been sent to Flipkart, Amazon and their response is awaited, said commerce minister Piyush Goyal.

The report said rivals Flipkart and Amazon, which hosted their festive sale from September 29 to October 4, dominated the sale with over 90 per cent share.
E-tailers could see USD 6 billion sales this festive season: RedSeer
08 Oct 2019 7:30 PM

In the first phase of the festive sale, E-commerce companies are estimated to have registered sales of close to USD 3 billion.

“Since India’s election period has now passed, USTR officials are visiting India for relationship-building with Indian government counterparts,” a USTR spokesperson said. (Photo: Representational | PTI)
India-US trade talks to restart Friday amid few signs of a compromise
11 Jul 2019 4:07 PM

US President Donald Trump has been putting pressure on India to do more to open its markets.

Addressing members of the CII, Piyush Goyal said there are ways to resolve the problem of inadequate and expensive credit without putting a significant stress to the exchequer.
Discussing with banks to provide foreign currency loans to exporters: Goyal
21 Jun 2019 10:58 PM

Government is taking steps to boost growth of economy with an aim to take it to USD 5 trillion in next 5 years, said Piyush Goyal.

Commerce and Industry Minister Piyush Goyal said in a written reply to the Rajya Sabha that a draft national e-commerce policy has been drafted and placed in public domain.
Group constituted for resolving ecommerce issues: Piyush Goyal
21 Jun 2019 10:57 PM

The policy addresses broad areas of e-commerce ecosystem such as infra development, market places, regulatory issues among others.

Mike Pompeo arrives in New Delhi on Tuesday for talks that are aimed at laying the ground for a meeting between US President Donald Trump and Indian Prime Minister Narendra Modi later in the week at a G20 meeting in Japan. (Photo: File | AP)
Pompeo likely to calm tension with India before expected Trump-Modi talks
21 Jun 2019 10:56 PM

India is embroiled in disputes with United States over tariffs, Indian price caps on imported medical devices, most from the US.

Paytm with interests in e-wallets and e-commerce has 300 million users. (Photo: Representational Image)
Citi, Paytm tie up to issue credit cards, offer 1 pc cashback on transactions
15 May 2019 3:37 PM

Citi is already one of the largest credit card issuers in India with over 2.7 million cards in March 2019.

According to sources close to the development, the investigation has been going on for almost a fortnight and some employees have also been fired.
EY probes cashback fraud at Paytm Mall, to build tech-driven prevention system
13 May 2019 4:16 PM

Some employees Paytm allegedly worked with third-party vendors and created fake orders to siphon off cashback offers.

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