Online grocery retail model challenged seriously: Kishore Biyani on new FDI norms
The Economic Times | A Times Internet Limited product
E-tailers have been hit hard with fresh DIPP order on e-commerce that puts checks on how vendors sell products in online market place. Industry has raised red flag to some provisions that bar them from selling their own products online. Kishore Biyani reacts to New FDI Norms.
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Amazon vs Future Group: Delhi HC restrains Kishore Biyani from moving ahead with Rs 24K cr RIL deal
The Delhi High Court Thursday upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon. Justice J R Midha directed Kishore Biyani-led FRL not to take further action on the deal with Reliance and held that the group willfully violated the EA's order.
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Amazon vs Future Group: Delhi HC restrains Kishore Biyani from moving ahead with Rs 24K cr RIL dealద్వారా The Economic Times | 290 ఎంతమంది చూసారు
Amazon vs Future Group: Relief for Kishore Biyani, Delhi HC stays Single bench order
The Division Bench of Justice DN Patel and Justice Jasmeet Singh on Monday stayed Justice JR Midha order favouring the Emergency Award against Future-Reliance deal. The Bench has also issued a notice to Amazon on Future appeal. Division Bench while passing the order says, "having heard the counsels and looking at the facts and circumstances of the case, the single bench order is stayed. The division bench had now slated the matter for April 30th.
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In a major setback to Amazon and Walmart-led Flipkart, the Department of Industrial Policy and Promotion (DIPP) on Thursday rejected the request to delay the implementation of the new FDI norms for the e-commerce sector. The new norms come into effect from Friday. Earlier this month, Amazon and Walmart (the majority stakeholder in Flipkart) had sought an extension of the deadline for the new norms which prohibits the e-tailers from selling products of companies in which they have stakes.
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Slowdown in consumption, tussle between domestic and foreign retail enterprises and taxation troubles are some of the issues that beset the Indian retail sector. ET's Shambhavi Anand lists out the expectations of the retail industry from Union Budget 2019.
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From priority to allocation criteria: Centre releases revised guidelines for COVID vaccination drive
Govt of India releases revised guidelines for national COVID vaccination program, to be implemented from June 21. "Vaccine doses to be allocated to States/UTs based on population, disease burden & vaccination' progress. Wastage will affect allocation negatively," guidelines say.
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Leader of Opposition in the West Bengal Assembly and BJP MLA Suvendu Adhikari called on Union Home Minister Amit Shah in Delhi amid reports of post-poll violence in Bengal.
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Uttar Pradesh: 22 patients die during alleged 'mock oxygen drill' at Agra hospital, probe on
22 Covid & non-Covid patients allegedly died following a 'mock oxygen drill' in UP. A viral video purportedly of a hospital owner in Agra has sparked a major controversy. In the video, the man is heard saying that he got oxygen supply from patients snapped for 5 mins. The man, in the video, added that this was part of an experiment to know who all will survive. Reports suggest the video is purportedly of Arinjay Jain, owner of Paras Hospital on NH 2. UP health dept has ordered a probe into the incident after the video went viral.
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