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News on Medial
Mobile retailers say Samsung’s online-focused strategy fuels smartphone grey market, bat for level playing field: Report | Mint
Livemint
·
11m ago
Medial
The All India Mobile Retailers Association (AIMRA) has criticised Samsung for favouring e-commerce platforms Amazon and Flipkart by granting them better discounts and promotional support. The association claims that this creates an unfair playing field and contributes to a grey market-like situation, resulting in losses for retailers. AIMRA has written two letters to Samsung asking for equal treatment, especially during the upcoming Diwali season. Samsung's declining market share in India and the exclusive launch of the Samsung M35 on Amazon, leading to illegal sales, were also highlighted in the letters. Samsung has not responded to the criticism.
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Indian Startups Pledge Support to Draft Digital Competition Bill; Say Ex-ante Norms Game-changer
OutlookIndia
·
7m ago
Medial
Nearly 40 Indian startups have come out in support of the draft digital competition bill, advocating for its 'ex-ante' regulations as a potential solution to combat anti-competitive practices of big tech companies. The startups, including Matrimony.com, TrulyMadly, Innov8, QuackQuack, Magicbricks, Hoichoi, and Medibuddy, have written to the Ministry of Corporate Affairs expressing their support and urging the government to move forward with the bill. They argue that the bill will address long-standing concerns and create a level playing field for Indian ventures while ensuring the growth and innovation of startups.
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An Amitabh Bachchan advert has landed Flipkart in big trouble with mobile phone retailers
Economic Times
·
1y ago
Medial
Smartphone retailers are criticizing an advertisement by Flipkart that features Amitabh Bachchan and allegedly misleads buyers into believing online platforms offer better deals. The All India Mobile Retailers Association (AIMRA) has written to smartphone brands requesting a public clarification, stating that the claims made in the ad are not accurate. Additionally, the Confederation of All India Traders (CAIT) has condemned Bachchan's endorsement. E-commerce platforms often resort to deep discounting, which has been a point of contention with offline retailers. The Indian government is reportedly working on an e-commerce policy to address this issue.
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Decoding promise of new direct-to-cell satcom technology
Economic Times
·
9m ago
Medial
- Direct-to-cell satcom technology enables satellite connectivity to mobile phones in remote locations or areas with damaged terrestrial infrastructure. - Elon Musk's Starlink and Apple's Globalstar service are examples of companies offering direct-to-handset via satellite features. - Qualcomm is exploring potential technology solutions, like non-terrestrial networks, to provide wireless broadband connectivity outside of terrestrial network coverage areas. - In India, satellite broadband services are yet to start due to pending rules and regulations around pricing and spectrum allocation. - Companies like Eutelsat OneWeb, Orbit Connect India, Globalstar, Starlink, and Kuiper have expressed interest in providing mobile satellite services in India. - The Department of Telecommunications is evaluating the level playing field between terrestrial and satellite players and seeking suggestions on potential pricing models and allocation conditions.
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Govt tells industry to expect e-commerce policy soon, unveils core tenets
Money Control
·
2y ago
Medial
The Indian government concludes its last consultation on the e-commerce policy with industry stakeholders, revealing key principles. The policy aims to foster a level playing field, support domestic businesses, and promote consumer rights. The government seeks to balance the interests of all stakeholders while fostering a robust and fair e-commerce ecosystem, addressing concerns and shaping the regulatory framework for the sector.
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Game on: Phonemakers tap eSports to woo young Indians
Economic Times
·
1m ago
Medial
Smartphone brands are leveraging the burgeoning eSports industry in India to enhance market presence and drive sales. With an estimated 450 million mobile gamers in India, projected to rise to 720 million by 2028, brands like OnePlus, Realme, iQOO, and Infinix are partnering with eSports teams and hosting gaming tournaments. This strategy aims to align their products with the high-performance needs of gamers, thereby increasing brand credibility amidst slowing smartphone shipments and a primarily mobile-first gaming market.
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EV firms unanimous that subsidy will not be needed after existing regime ends: Goyal
YourStory
·
7m ago
Medial
Electric vehicle (EV) companies no longer need subsidies after the current regime ends, according to Commerce and Industry Minister Piyush Goyal. Following a meeting with stakeholders, it was revealed that the EV industry, expected to grow significantly by 2030, seeks a level-playing field. The government has introduced policies to boost EV infrastructure, including charging stations, but companies are encouraged to make independent business decisions and self-regulate under proposed guidelines.
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Walmart seeks fair play in global game, says CEO
Economic Times
·
1m ago
Medial
Walmart CEO Doug McMillon emphasized the importance of a level playing field and consistent policies across countries for the company. Amid ongoing trade negotiations between the U.S. and India, McMillon stated that Walmart aims to comply with local rules, likes buying locally, and welcomes potential changes allowing inventory holding in India. Walmart focuses on maintaining low prices and sourcing locally to manage tariffs and provide value to customers.
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ONDC Turns 3! Seven Lakh Sellers Including Ola, 150 Million Transactions, and Counting
OutlookIndia
·
6m ago
Medial
The Open Network for Digital Commerce (ONDC), a government-run e-commerce platform in India, celebrated its third anniversary having onboarded over seven lakh sellers, including Ola, and completed over 150 million transactions. Launched to support small enterprises by providing an open digital marketplace, ONDC aims to transform India's e-commerce landscape by eliminating middlemen. Prime Minister Modi and Commerce Minister Piyush Goyal acknowledged its contribution in empowering businesses and creating a level playing field.
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A new AI coding challenge just published its first results – and they aren’t pretty | TechCrunch
TechCrunch
·
10d ago
Medial
The K Prize, an AI coding challenge by Databricks and Perplexity co-founder Andy Konwinski, crowned Eduardo Rocha de Andrade as its first winner with a 7.5% top score. The challenge emphasizes using smaller, open models to level the playing field. Designed as a tougher alternative to SWE-Bench, it uses real-world GitHub issues, post-March 12. Konwinski has pledged $1 million for the first open-source model scoring over 90%.
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Discounts offered on inflated prices on ecommerce must be curbed by govt
Economic Times
·
1y ago
Medial
Think tank CUTS International has urged the government and regulatory bodies to take action against unethical practices, such as offering discounts on inflated prices in the e-commerce sector. Instead of banning flash sales, the report suggests strengthening consumer protection measures and ensuring a level-playing field. The report also emphasizes the need for differentiating between 'deep discounting' and 'predatory pricing' and urges e-commerce platforms to maintain platform neutrality and offer content in regional languages.
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