PhonePe shifts focus to food, grocery; exits fashion, electronics on ONDC 

[ad_1] PhonePe is restructuring its e-commerce strategy on the Open Network for Digital Commerce (ONDC) as it plans to exit categories like fashion, electronics, home decor except for food delivery on the network, according to sources. However, it will continue...

Flipkart Ventures to fund, mentor GenAI-based early stage startups

[ad_1] <!-- --> Announcing the third cohort of FLA, the firm said the programme aims to accelerate the growth journey of early-stage startups. Published Date - 22 April 2024, 11:58 PM New Delhi: Flipkart Ventures, the...

Dedicated freight corridor: 18-year mission on track

[ad_1] In 12-odd hours — about half the time it takes by road — Maruti Suzuki’s automotive parts travel the 659 km between New Rewari in Haryana to Palanpur in Gujarat on the truck-on-train service (ToT) provided by the Dedicated...

Digital Competition Bill a threat to MSMEs: India SME forum

[ad_1] India SME Forum (ISF), a non-governmental, not-for-profit organisation for small and medium businesses, has written to the Corporate Affairs Ministry (MCA), highlighting the adverse effects of the proposed Digital Competition Bill (DCB) on MSMEs’ ability to access and compete...

RBI to consider relaxing FEMA guidelines for e-commerce players based on DGFT inputs

[ad_1] The RBI has assured the Commerce Department that it would take a relook at the Foreign Exchange Management Act (FEMA) guidelines with the objective of easing operations of e-commerce players based on inputs received from it and get back...

EU probes Chinese site AliExpress over potentially illegal online products

[ad_1] The European Union also sent requests for info to tech giants on their use of generative artificial intelligence.The European Commission has opened a formal investigation into Chinese e-commerce site AliExpress over concerns about illegal and pornographic content on its...

WTO MC13 in Abu Dhabi collapses with no deals in agriculture, fisheries

[ad_1] The 13th WTO Ministerial Conference in Abu Dhabi collapsed in the late hours of March 1, more than a day after its scheduled closure, failing to produce an agreement in either fisheries or agriculture. But, countries agreed to extend...
India wants ‘re-examination’ of need to extend e-commerce moratorium at WTO MC13

India wants ‘re-examination’ of need to extend e-commerce moratorium at WTO MC13

[ad_1] India stressed on the need for “re-examination’’ of the implications of the moratorium on customs duties on electronic transmissions, particularly for the developing countries and the LDCs, at the working session on work programme on e-commerce at the 13th...