User: rohan Topic: Foreign Direct Investment in Retail
Category: Foreign Direct Investment in Retail
Last updated: May 25 2018 21:26 IST RSS 2.0
 
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Flipkart-Walmart deal: CAIT fears predatory pricing by Walmart 25.5.2018 DNA: Recent Columns
Continuing its protest against the USD 16-billion Flipkart-Walmart deal, the Confederation of All India Traders (CAIT) today wrote to commerce minister Suresh Prabhu expressing concerns that Walmart might adopt predatory pricing and deep discounting, which will kill the trade. In its second letter to Prabhu, the traders' lobby referred to Walmart as "the US version of The East India Company", and also asked for a thorough investigation of the Walmart-Flipkart deal. "Walmart is nothing but a US version of The East India Company which conquered the country," CAIT said in the letter, adding, "It is highly regretted that some of the people for just merely earning the profit have sold major chunk of e-commerce to Walmart." CAIT also feared that Walmart will penetrate the retail trade through e-commerce, and indulge in predatory pricing, and deep discounting, thereby creating an uneven playing field for others. "It will source globally the cheapest material and will dump in the country to wipe out the ...
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Flipkart-Walmart deal: CAIT fears predatory pricing by Walmart 25.5.2018 General News
Continuing its protest against the USD 16-billion Flipkart-Walmart deal, the Confederation of All India Traders (CAIT) today wrote to commerce minister Suresh Prabhu expressing concerns that Walmart might adopt predatory pricing and deep discounting, which will kill the trade. In its second letter to Prabhu, the traders' lobby referred to Walmart as "the US version of The East India Company", and also asked for a thorough investigation of the Walmart-Flipkart deal. "Walmart is nothing but a US version of The East India Company which conquered the country," CAIT said in the letter, adding, "It is highly regretted that some of the people for just merely earning the profit have sold major chunk of e-commerce to Walmart." CAIT also feared that Walmart will penetrate the retail trade through e-commerce, and indulge in predatory pricing, and deep discounting, thereby creating an uneven playing field for others. "It will source globally the cheapest material and will dump in ..
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Modi government and stock market: What lies ahead? 25.5.2018 Business Standard: News Now
Going forward, the equity market will be volatile with downward bias till two more major state elections are completed in December 2018
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The Rise and Rise of Indian Malls 24.5.2018 Central Chronicle
Agencies, Kolkata Rapid urbanization and digitization, increasing disposable incomes and lifestyle changes of the middle-class are leading to a major revolution in the Indian retail sector, which is pegged to grow by 60 per cent to reach US$ 1.1 trillion by 2020. The Government has clearly hit the bullseye by easing the FDI norms in […]
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'Premium high street brands making way in overcrowded Indian Luxury market' 24.5.2018 General News
India is one of the world's most energetic, diverse and testing markets for brands who want to set sights in the country. However there is a minimalist revolution trend where consumers are moving towards simpler products, says Greece born Eliana Koulas. She also says that because of overcrowded Indian luxury market, premium high street brands were making way.
The rise and rise of Indian malls 23.5.2018 Sify Finance
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Retailers to move CCI against Walmart-Flipkart 21.5.2018 General News
Retailers have joined hands to approach fair trade regulator CCI against USD 16 billion Walmart-Flipkart deal as they apprehend that the it would lead to massive job loss and be a "nightmare for retail trade" of the country. Traders body CAIT in a strongly worded statement today alleged ruling party BJP of bias towards multi-national companies and deviating from its commitment made in 2014 election manifesto. The Confederation of All India Traders (CAIT) said that it will move fair trade regulator CCI to file objections on the proposed Walmart-Flipkart deal, claiming that the agreement would lead to an uneven playing field and massive job losses. On the other hand, an online sellers industry body today moved the Competition Commission of India (CCI) against Flipkart India Pvt Ltd, a wholesale company, for allegedly abusing its dominant position on Flipkart's online marketplace. Emails sent to Flipkart did not elicit a response. Global retail giant Walmart had last week approached ..
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CAIT to move CCI on Walmart-Flipkart deal 21.5.2018 General News
Traders' body CAIT today said it will move fair trade regulator CCI to file objections on the proposed Walmart-Flipkart deal, claiming that the agreement would lead to an uneven playing field and massive job losses. Global retail giant Walmart had last week approached Competition Commission of India (CCI) for approval of its proposed acquisition in Flipkart, saying the deal doesn't raise any competition concerns. Walmart seeks to acquire 77 per cent stake in the homegrown e-commerce firm with a buyout of USD 16 billion. Opposing the deal, the Confederation of All India Traders (CAIT) today wrote to Commerce Minister Suresh Prabhu and sought to know what steps the government has taken to scrutinise the deal. CAIT Secretary General Praveen Khandelwal said important issues related to FDI policy, cyber security, apprehension of using e-commerce for entering retail trade by circumventing the law etc are involved in the deal and looking at the stiff opposition from trade bodies, online ...
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L Catterton Asia to acquire 10% stake in Future Lifestyle Fashions 21.5.2018 General News
L Catterton Asia will acquire an approximately 10% stake in FLFL through a mix of preferential allotment and secondary purchase of shares.
Anmol Industries eyes rural markets this fiscal 17.5.2018 General News
With the view to establishing the strongest pan-India brand presence based on the principle of "promise less, deliver more," one of leading Indian bakery brands, Anmol, eyes rural markets in the ongoing fiscal. Locations with more than 10,000 residents are on the target this year.Moving away from primary-based to secondary-based approach meeting general trade specifics, Japan, Bulgaria, Romania, Chile, Brazil, Indonesia, Thailand and Singapore are the markets Anmol plans to enter and excel expanding its extensive distribution network. It has been doing exceptionally well in offshore markets including Dubai, Qatar, Oman, Afghanistan, Cambodia, Caribbean islands, Nepal, Tanzania and Yemen.Legendary scientist Albert Einstein is broadly credited with exclaiming "The definition of insanity is doing the same thing over and over again, but expecting different results." Conforming to the same, Anmol has come up with a comprehensive makeover plan that aims at bringing in paradigm shift in its .
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Traders' body says Flipkart-Walmart deal circumvents laws, to seek legal recourse 16.5.2018 DNA: Top News
Traders' body CAIT today alleged that the USD 16 billion Flipkart-Walmart deal circumvents laws, and said it will seek legal recourse on the matter. Confederation of All India Traders (CAIT), in a statement, urged the government to conduct close scrutiny of the deal that it claimed will have greater ramifications on retail trade and the economy. US retail giant Walmart Inc has announced acquisition of 77 per cent stake in Flipkart in its biggest takeover till date. The deal values the 11-year old Indian e-commerce firm at USD 20.8 billion. "CAIT has decided to challenge Walmart Flipkart deal since the deal is circumventing laws and will offend FDI policy once it is implemented and will create an uneven level playing field beside accomplishing hidden agenda of Walmart to reach out to offline trade through e-commerce way," it said. It added that its team of lawyers is studying the deal and very shortly, CAIT will move to appropriate authorities and seek legal recourse. When contacted, Flipkart did not ...
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CAIT to challenge Walmart-Flipkart deal 16.5.2018 General News
The Confederation of All India Traders (CAIT) on Wednesday said that it will move the "appropriate authority" and take "legal recourse" against the Walmart-Flipkart deal.
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CAIT says Flipkart-Walmart deal circumvents laws; may seek legal recourse 16.5.2018 General News
Traders' body CAIT today alleged that the USD 16 billion Flipkart-Walmart deal circumvents laws, and said it will seek legal recourse on the matter. Confederation of All India Traders (CAIT), in a statement, urged the government to conduct close scrutiny of the deal that it claimed will have greater ramifications on retail trade and the economy. US retail giant Walmart Inc has announced acquisition of 77 per cent stake in Flipkart in its biggest takeover till date. The deal values the 11-year old Indian e-commerce firm at USD 20.8 billion. "CAIT has decided to challenge Walmart Flipkart deal since the deal is circumventing laws and will offend FDI policy once it is implemented and will create an uneven level playing field beside accomplishing hidden agenda of Walmart to reach out to offline trade through e-commerce way," it said. It added that its team of lawyers is studying the deal and very shortly, CAIT will move to appropriate authorities and seek legal recourse. When contacted, ..
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AIOVA demands regulatory body to monitor e-commerce marketplaces 14.5.2018 General News
E-sellers' representative body AIOVA has urged the government to set up a regulatory body to monitor various e-commerce marketplaces and their policies towards merchants on these platforms. All India Online Vendors Association (AIOVA) has re-iterated its demand in the wake of the about USD 16 billion deal that saw US retail giant Walmart picking up close to 77 per cent stake in Indian e-commerce major Flipkart. Traders' bodies, including the likes of Confederation of All India Traders (CAIT) and RSS-affiliate Swadeshi Jagran Manch, have opposed the deal and alleged that this could further hurt sellers' business. "AIOVA has been demanding a regulatory body to monitor the trade of e-commerce marketplaces and their policies towards sellers. We had made this demand in the E-commerce Committee formed under Niti Aayog in the year 2016 where we were assured they will immediately start working on it," the association said in a statement. It claimed that no substantial progress has been on its
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E-commerce market 11.5.2018 Hindu: Diet & Nutrition
 The Flipkart-Walmart deal raises multiple issues such as the lack of a comprehensive e-commerce policy, ambiguous FDI in retail policies and taxation
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Why RSS affiliate is against Walmart-Flipkart deal 11.5.2018 Rediff: Top Stories (India)
'If you allow Walmart to operate in India, our manufacturing will finish completely.''What will happen to Narendra D Modi's dream then? There will be no Make in India.'
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Walmart-Flipkart deal will destroy Indian SME sector: CPI (M) 11.5.2018 Sify Finance
[India], May 10 (ANI): Following the announcement of American retail major Walmart's acquisition of 77 percent stake in Flipkart, the Communist Party of India (Marxist) or CPI (M) opined that the
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Flipkart's acquisition a blow to 'Make in India' campaign: CPI-M 11.5.2018 Sify Finance
The Communist Party of India-Marxist on Thursday came out strongly against global retail giant Walmart's proposed acquisition of India's largest e-tailer Flipkart saying it changes 'Make in India' campaign to 'Make for India'.
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Walmart gobbling up Flipkart means the dream of an Indian Alibaba is dead 11.5.2018 Latest News
Nowhere has the promise of India's booming middle class proven to be more hollow then when it comes to how e-commerce sales have panned out
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Walmart-Flipkart deal a betrayal by Modi government, says CPI (M) 11.5.2018 Business Standard: News Now
The party said that the $16-billion acquisition of e-retailer Flipkart by Walmart facilitates the "backdoor entry" of foreign capital to take over India's huge multi-crore retail trade sector
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