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News on Medial
Sellers on Flipkart facing issue in changing price, firms denies any intervention in pricing
Economic Times
·
1y ago
Medial
Some sellers on Flipkart are facing issues in changing the prices of their products due to a new commission rate card introduced by the e-commerce company. However, Flipkart denies any involvement in influencing pricing and claims to be working with sellers to help them understand the new rate card policy. Only select sellers are experiencing this problem, and Flipkart has assured them that the issue will be resolved soon. The company states that the new rate card policy aims to optimize growth for sellers and enhance settlement transparency. Since implementing the changes, there has been an increase in transactions and active sellers on the platform.
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CAIT Alleges Inaction In CCI’s Probe Against Amazon & Flipkart
Inc42
·
10m ago
Medial
- CAIT accuses CCI of mishandling investigations into alleged anti-competitive practices by Amazon and Flipkart. - Letter to finance minister highlights concerns over delays in addressing violations of India's FDI policies. - CAIT alleges that Amazon and Flipkart use proxy sellers to control inventory and dominate listings. - Ecommerce giants accused of bypassing regulations through these practices. - CAIT seeks government intervention to address the issue and ensure fair competition in the marketplace.
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Flipkart rolls out new programmes to support first-time sellers
YourStory
·
1m ago
Medial
Flipkart has launched new initiatives to support first-time sellers, especially from smaller towns in India, by simplifying onboarding and pricing processes. The New Seller Success Program offers 60 days of complimentary support, boosting early success rates for new sellers. The platform focuses on sustainable growth across Tier 2 and Tier 3 cities, enhancing product visibility and simplifying cataloging and order fulfillment. A new pricing model aims to provide predictability in earnings, improving operational efficiency for sellers.
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Flipkart influencing prices for select sellers, funding discounts, alleges Madras HC lawyer
Economic Times
·
11m ago
Medial
A Madras High Court lawyer has filed a complaint with the DPIIT, alleging that e-commerce platform Flipkart is offering discounts to select sellers, creating a non-competitive environment. The lawyer claims that sellers on Flipkart have brought this practice to his attention, providing screenshot evidence of communication from Flipkart and its platform Shopsy. Flipkart has not responded to the complaint. The lawyer argues that these discounts, which are funded through waivers, influence the pricing of certain sellers and undermine fair trade principles. The Confederation of All India Traders has also urged the government to suspend festive sales events by Flipkart and Amazon due to anti-competitive practices.
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Time For Strict Regulatory Action: Lok Sabha MP Praveen Khandelwal Slams
OutlookIndia
·
5m ago
Medial
Lok Sabha MP Praveen Khandelwal criticized Flipkart's new policy preventing vendors from setting their own product prices, labeling it a systematic suppression of Indian sellers by a foreign e-commerce entity. He called for strict regulatory enforcement, stating it violates India's FDI rules and adversely affects the retail ecosystem. Flipkart asserts the policy aims to enhance seller profitability and customer experience by addressing price fluctuation challenges. Khandelwal seeks intervention from regulatory bodies to protect Indian traders.
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Polycab share price tanks on reports of over ₹200-crore tax evasion
Livemint
·
1y ago
Medial
Wire and cable manufacturer Polycab is facing allegations of tax evasion, with the Income Tax Department claiming that the company has undisclosed income amounting to ₹200 crore. Polycab denies any wrongdoing and has not received any official communication from the department. The company's stock was down 7.33% following the news. The Income Tax Department conducted searches at Polycab's premises, revealing discrepancies in financial records. The department plans to issue a notice to demand payment of the alleged taxes and penalties.
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Govt To Safeguard Retailers In Case Of Predatory Pricing: FM
Inc42
·
11m ago
Medial
Nirmala Sitharaman emphasizes the need to support small traders and retailers in the country. This statement follows recent criticism against e-commerce platforms for engaging in predatory pricing practices. The Competition Commission of India also recently discovered that Flipkart and Amazon India violated competition laws by favoring specific sellers and listings.
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Flipkart Modifies Rate Card For Its Sellers
Inc42
·
1y ago
Medial
E-commerce giant Flipkart has revised its rate card for sellers to improve their experience and streamline operations. The rate card now has only two components (fixed and commission) instead of four, providing enhanced settlement clarity and improved shipping options. The company aims to simplify the fee structure, enhance transparency, and facilitate better seller operations. Additionally, Flipkart will offer communication channels, dedicated support, and webinars to address any concerns from sellers. This move is part of Flipkart's initiative to offer robust support and improve the overall selling experience on its platform.
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VMware cloud partners demand “firm regulatory action” on Broadcom
Arstechnica
·
3m ago
Medial
A report by the European Cloud Competition Observatory criticizes VMware’s business model under Broadcom, deeming it "legally and ethically flawed." The report, supported by European cloud service providers, argues that Broadcom's subscription-based model imposes financial burdens on customers and poses legal risks due to abrupt changes. The group calls for regulatory intervention, highlighting concerns about unfair pricing and contract practices. Despite success, Broadcom shows no signs of changing its commercial terms voluntarily.
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Flipkart Surpasses 1.4 Million Sellers as E-Commerce Sales in India Soar
Business Bytes
·
1y ago
Medial
Flipkart, the leading e-commerce platform in India, has reached a significant milestone by surpassing 1.4 million sellers on its platform. This achievement highlights Flipkart's commitment to empowering small and medium-sized businesses (SMBs) and fostering a thriving e-commerce ecosystem in India. In response, Amazon India has also been actively engaging with sellers through events like the Smbhav seller meet. The e-commerce sector in India is experiencing remarkable growth, with sales projected to reach around $11 billion, driven by factors like internet penetration and changing consumer preferences. This growth signifies India's ongoing digital transformation.
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Amazon extends Prime Day discounts to 4 days as retailers weigh tariff-related price increases - The Economic Times
Economic Times
·
1m ago
Medial
Amazon is extending Prime Day 2025 to four days amidst tariff concerns and slowing consumer enthusiasm. Targeting Gen Z, the event offers membership perks and anticipated major discounts. Rising costs and cautious spending may limit consumer splurges, with third-party sellers prioritizing profit margins over sales volume. While seeking to enhance sales, many sellers pre-stocked tariffs-affected inventories for competitive pricing. Competitors like Walmart are also extending promotional periods amid tariff-related price increase worries.
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