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Saturday, December 29, 2018

New e-policy: Rs 5k cr stock may bleed Amazon, Flipkart

The new policy that takes effect on Feb 1, a seller having equity participation by the e-commerce marketplace entity or its group companies will not be permitted to sell its products on the platform run by such a marketplace entity. Now the biggest challenge is to dispose inventory worth Rs 2,000-2,500 cr that Amazon India and the Walmart-owned Flipkart have.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Q8sp5d

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Sri Lanka central bank fines Indian Bank

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