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Not Against Ecommerce Sites, Want Them To Operate Fairly: Goyal

Inc42 · 1y ago

Not Against Ecommerce Sites, Want Them To Operate Fairly: Goyal

Commerce Minister Piyush Goyal emphasized the need for fair competition between online and offline businesses. He previously mentioned that billion-dollar investments by ecommerce giants like Amazon in India were meant to offset losses, rather than benefiting the Indian economy. Additionally, Goyal expressed concerns that the growth of ecommerce in India could result in job losses in traditional retail sectors.

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Aman Gupta reacts after Piyush Goyal says 'Change your perspectives on investing'

Inshorts · 4m ago

Aman Gupta reacts after Piyush Goyal says 'Change your perspectives on investing'

After Commerce & Industry Minister Piyush Goyal asked Aman Gupta to change his perspective on investing in startups at Shark Tank, the entrepreneur said, "Goyal Ji isn't against founders." "His point was simple...To lead the world...we need to aim higher," Gupta added. "I say often...If you want to build a world-class product, you must know your competition," Gupta further said.

Piyush Goyal Slams Amazon’s ‘Predatory Pricing Policies’, Says India Investments Only To Fill In Losses

Inc42 · 1y ago

Piyush Goyal Slams Amazon’s ‘Predatory Pricing Policies’, Says India Investments Only To Fill In Losses

Union minister Piyush Goyal criticized Amazon's "predatory pricing policies" and emphasized that the company's investments in India are meant to offset its losses. This statement follows Amazon CEO Andy Jassy's announcement of a plan to invest an additional $15 billion in India by 2030. Goyal expressed the need for India to carefully consider the role of ecommerce while not wanting to eliminate it entirely.

Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue

YourStory

YourStory · 10m ago

Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue

Zomato Co-founder and Group CEO Deepinder Goyal has registered a new venture called "Continue". The company, which was incorporated in April this year, will focus on longevity ventures related to health tracking and mental wellness. It is not associated with Zomato and will operate independently. Deepinder Goyal has invested Rs 50,00,000 in the new venture. Several ex-Zomato executives have also joined Continue. Zomato, on the other hand, will continue to focus on its core businesses including Food Delivery, Blinkit, Hyperpure, and District. Zomato did not provide any comments on the new venture.

'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension - 'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension BusinessToday

Business Today

Business Today · 4m ago

'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension - 'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension BusinessToday

Union Minister Piyush Goyal addressed Indian exporters amidst U.S. tariff tensions, advising them not to panic and focus on potential opportunities. He reassured that the government is monitoring global trade dynamics and actively supporting exporters. In discussions with Export Promotion Councils and industry bodies, Goyal emphasized a proactive approach in New Delhi, encouraging a positive outlook despite rising trade challenges.

South Korea regulator may sanction Meta over marketplace: reports

Economic Times

Economic Times · 1y ago

South Korea regulator may sanction Meta over marketplace: reports

South Korea's antitrust agency, the Korea Fair Trade Commission (FTC), is reportedly considering imposing sanctions on Meta Platforms due to alleged failures in protecting users of Facebook and Instagram marketplaces against fraudulent transactions. The agency claims that Meta has not implemented adequate measures to address disputes over sales transactions on these platforms. While Facebook and Instagram are not registered as e-commerce businesses, the marketplaces they operate bring them under e-commerce law requirements. The FTC's examination report is currently under review, and no official statements have been provided by either the agency or Meta Platforms.

Pai shares pic from Startup Mahakumbh, asks 'Why pushing Chinese propaganda against India'

Inshorts · 4m ago

Pai shares pic from Startup Mahakumbh, asks 'Why pushing Chinese propaganda against India'

Infosys ex-CFO Mohandas Pai shared a picture from Startup Mahakumbh, which shows a comparison between Indian and Chinese startups. Tagging Union Minister Piyush Goyal on X, Pai asked, "Why are...organisers pushing Chinese propaganda against India?" This came a day after Goyal, speaking at the same event, said giving fancy packaging to ice-creams and cookies does not make it a start-up.

Open to ideas to ease startups' return to India: Piyush Goyal

Inshorts · 7m ago

Open to ideas to ease startups' return to India: Piyush Goyal

Commerce Minister Piyush Goyal said his ministry is open to ideas to make it easier for startups to shift their domicile back to India. "It is a welcome sign and also very...satisfying that more...startups want to come back home, register...list...and grow in India," Goyal stated. "India will be the preferred destination in the future," he added.

Elon Musk Shows a Little Self-Awareness, Says Grok Is Going Open Source This Week

Gizmodo

Gizmodo · 1y ago

Elon Musk Shows a Little Self-Awareness, Says Grok Is Going Open Source This Week

Elon Musk's startup xAI is set to open-source its chatbot, Grok, allowing anyone to analyze its AI algorithms or create competing products. The announcement comes amid Musk's ongoing feud with OpenAI, which he sued in March, accusing them of betraying their mission to operate as a nonprofit. While Musk did not provide many details about the open-source plan, he has been a long-time advocate of open-source research. This move further strengthens his argument against OpenAI, which he accuses of abandoning its commitment to working transparently.

Zomato CEO Deepinder Goyal calls out ‘free pass’ seekers for Dua Lipa Concert | Mint

Livemint

Livemint · 1y ago

Zomato CEO Deepinder Goyal calls out ‘free pass’ seekers for Dua Lipa Concert | Mint

Zomato CEO Deepinder Goyal has responded to requests for free tickets to the Zomato Feeding India Concert with Dua Lipa. He stated that he will not give free passes to people who can afford to pay for them. The concert has already received 300,000 registrations and will contribute towards addressing hunger and malnutrition in India. Goyal urged everyone to buy tickets and support the cause. The concert is scheduled for November 30th in Mumbai, with pre-sale tickets available on August 27th.

Consumer watchdog directs ecommerce platforms to conduct self-audits to eliminate deceptive practices

YourStory

YourStory · 2m ago

Consumer watchdog directs ecommerce platforms to conduct self-audits to eliminate deceptive practices

The Central Consumer Protection Authority has ordered ecommerce platforms to conduct self-audits within three months to eliminate 'dark patterns,' deceptive design practices that mislead consumers. This initiative aims to enhance consumer protection in the growing digital economy. Ecommerce sites must check for unfair practices and provide self-declarations if free from deceptive practices. The government also established a working group to monitor violations and promote awareness, outlining 13 specific deceptive practices to avoid.

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