E-commerce helping easy availability of pharma drugs and abuse
May21

E-commerce helping easy availability of pharma drugs and abuse

Many of these pharmaceutical drugs are easily available over the counter and this has become the major factor that encourages their misuse. Growing e-commerce in India is facilitating significant increase in online pharmacies, leading to easy availability of pharmaceutical drugs and their abuse, the Narcotics Control Bureau (NCB) says. In its annual report for 2015, published on Friday, the NCB says abuse of pharmaceutical drugs in...

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Representational Image AskMe, Mebelkart vendors cry foul over delayed payments
May20

Representational Image AskMe, Mebelkart vendors cry foul over delayed payments

Amount running into crores; e-marketplaces’ current management has lined up a buyout with the help of investors Online sellers with AskMeBazaar and its subsidiary Mebelkart are crying foul over delayed payments by the two e-marketplace operators. While some vendors are awaiting for payments for the last couple of months, some others are chasing the company since September-October last year. The e-commerce players that follow a...

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TataCliq, the ‘Phygital’ e-commerce market place
May28

TataCliq, the ‘Phygital’ e-commerce market place

Tata Group Chairman, Cyrus Mistry says, “TataCliq is a first-of-its-kind ‘phygital’ e-commerce marketplace bringing a smart combination of the reassurance and in-store experience of a large on-ground network with the convenience of online shopping, bringing the best of both worlds together,” describing the newly launched ecommerce platform, TataCliq.com. Tata Industries owning 90% of the venture is the curator...

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Alibaba group raises $4.5 billion funding
Apr30

Alibaba group raises $4.5 billion funding

Chinese e-commerce giant Alibaba is growing beyong the traditional bounds raising $25 billion in the world’s biggest initial public offering. Alibaba’s financial arm, Ant financial has raised $4.5 billion in funding. They are calling this the “Largest Single Private Placement” by an internet company. This funding now values Ant Financial Services group at $60 billion. The company claims that the initial aim was...

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Uber Promotions vs. Uber
Feb20

Uber Promotions vs. Uber

The Trademark Court of Florida on the 18th 0f this month has adjuged a seemingly impossible order. Uber Promotions, the plaintiff, had a filed a case against Uber taxi hailing services for infringing the trademark the plaintiff has been using since 2006 in Gainesville, Florida. Uber promotions runs its business in event planning, model ageny and many others including transportation services. The plaintiff came to know of the existance...

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Snapdeal to distribute Rs.1000 cr loans
Jan26

Snapdeal to distribute Rs.1000 cr loans

Being one of the biggest e-commerce platforms, Snapdeal has given out loans as high as Rs. 300 cr, even in the past, to attract sellers. Right now they plan on giving out loans of nearly Rs.1000 cr. According to the company, merchants can avail loans at an interest rate, 2-3% lower than they would otherwise get from banks. For further convinience the company is coming up with its own credit rating engine like, CIBIL. They have, thus,...

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