E-Retailers News
On the retail front, it was a mixed bag with several shops reopening after days of being shut while some had to be closed early again due to intervention by local authorities.
Walmart runs 21 Best Price wholesale stores in India that sell everything from fast-moving consumer goods to furniture to other retailers and institutions.
Leading e-retailers, including Snapdeal, Tuesday welcomed the government's decision to open e-commerce market place for 100 percent FDI, even as IT industry body Nasscom termed 25 percent cap on sales from a single vendor or group entities as "restrictive".
China will become the world's largest market for buying and selling products online by 2020, with the total value of commodity sold by e-retailers to overseas consumers likely to reach a whopping USD 994 billion, according to a new report.
Competition Commission of India (CCI) Chairman Ashok Chawla on Friday said the regulator has received some complaints against online retailers.
The complaint has been received against these online trading entities weeks after an uproar over Flipkart's massive discount sale which had raised concerns of anti-competitive practices.
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