Brand Updates

 
Govt looks into Flipkart, Amazon discounts after retailer complaints

Tuesday, October 15, 2019, 5:41 PM

Govt looks into Flipkart, Amazon discounts after retailer complaints

The government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters. India introduced new rules in February aimed at protecting the 130 million people dependent on small-scale retail by deterring big online discounts. The rules forced e-commerce firms to tweak their business structures and drew criticism from the United States, straining trade ties between New Delhi and Washington. While Amazon and Flipkart say they've complied with the federal rules, local trader groups say the two companies are violating them by burning money to offer discounts - of more than 50% in some cases - during the ongoing festive sales.

Brand Updates

 
Amazon, Flipkart festive sale generates over $1.8B sales in first 3 days, may hit $3.7B in six days

Saturday, October 5, 2019, 10:57 AM

Amazon, Flipkart festive sale generates over $1.8B sales in first 3 days, may hit $3.7B in six days

Online retailers in India have clocked $1.8 billion in gross merchandise value (GMV) during the first three days of the ongoing festive sales and are on track to hitting the $3.7 billion sales mark by the end of the six-day sale period, a leading business daily said quoting a report from RedSeer Consulting, which tracks the e-commerce market in India. Although RedSeer did not break out individual sales numbers of the two largest players in the market — Flipkart and Amazon it said that consumers preferred shopping for fashion on Flipkart but bought electronics on Amazon due to lower prices and faster delivery. According to the report, 55% of the GMV for the sector was driven by mobiles, similar to previous years. Categories like electronics, fashion, and furniture also witnessed growth in GMV.

Brand Updates

 
Man creates a fake website to tap Amazon's internet traffic, held

Tuesday, July 2, 2019, 10:39 AM

Man creates a fake website to tap Amazon's internet traffic, held

A fraudster was held on Sunday for allegedly creating a fake website in the name of e-commerce website Amazon to tap internet traffic generated during its "Big Billion Days" sales period. Cyber Prevention Awareness and Detection (CyPAD) has arrested the man who created a fake website "Amazon Big Billion Day Sales". The man has a record of being involved in such crimes. "Same accused was arrested earlier for creating a fake government website in the name of free laptop and free solar panel," CyPAD said in a press release

Blog

 
Buying From Amazon And Flipkart: Check Seller Rating

Friday, April 12, 2019, 6:49 PM

Buying From Amazon And Flipkart: Check Seller Rating

Buying From Amazon And Flipkart: Check Seller Rating Most people love online shopping. Be it buyi ...

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A Story Of How Dr. Fraud Cheated Online Shopping Sites

Friday, March 1, 2019, 7:33 PM

A Story Of How Dr. Fraud Cheated Online Shopping Sites

You must have heard of fake online shopping portals cheating innocent people, by not delivering the ...

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Top 5 Online Furniture Stores In India

Wednesday, January 23, 2019, 4:46 PM

Top 5 Online Furniture Stores In India

Many people prefer online shopping over offline shopping for almost all products ranging from stationery to furniture. Gone are the days when furnitur ...

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Court Sends Notice to Amazon Over Fake Products

Tuesday, January 8, 2019, 6:25 PM

Court Sends Notice to Amazon Over Fake Products

Online shopping is very helpful and allows you to buy a lot of things, from the comfort of home. You can save money by shopping online as it offers a ...

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How to delete your data before selling your Smartphone?

Friday, January 4, 2019, 6:28 PM

How to delete your data before selling your Smartphone?

How to Delete Data Before Selling Your Smartphone? Selling old mobiles phones is very easy and ca ...

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How you can avoid buying fake products online: Review by IndianMoney

Thursday, November 29, 2018, 6:56 PM

How you can avoid buying fake products online: Review by IndianMoney

Receiving fake products instead of the genuine article is the biggest problem faced by online shoppe ...

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What to do if you are cheated during a festive sale?

Thursday, October 25, 2018, 5:43 PM

What to do if you are cheated during a festive sale?

It’s the festive season in India. It is a tradition in India to buy new things and exchange gi ...

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