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Flipkart and Amazon are in a court battle against the Competition Commission of India's (CCI) bid to restart an investigation into their business practices, after a judge in early June dismissed ...
2007–2010: Start-up phase. [edit] Flipkart was founded in October 2007 in Bangalore [ 11 ] by Sachin Bansal and Binny Bansal, alumni of the IIT, Delhi and former Amazon employees. [ 12 ][ 13 ][ 14 ] The company was started from a two-bedroom apartment in Kormangala, Bengaluru. The initial investment was provided by their families, which was ...
As per government, ONDC will charge 8–10% of the selling price of the product compare to 18–40% charged by Amazon and Flipkart. The commission rate is not fixed and will be decided by market forces. [56] Small retailers are also less to fear that the platform will open dark stores. [57] Restaurants will have access to customer data. [58]
Price adjustments, also called price protection, is a retail practice in which customers can obtain a partial refund of the purchase price of an item if they can show it on sale at a lower price within a fixed time frame. In such circumstances, retailers will do a “price adjustment,” refunding the difference between the price the customer ...
September 23, 2024 at 12:00 AM. By Aditya Kalra. NEW DELHI (Reuters) - China's Xiaomi has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart breached ...
U.S. Bank protects customers from overdraft fees by automatically pulling up to $50 from linked accounts or, if you are charged a fee, allowing qualified deposits on the same day to avoid any ...
The two-part tariff is another form of price discrimination wherein the seller charges a low (loss-making) initial fee in hopes of freezing consumer choice while charging a higher secondary fee for continuing to use the product. This pricing strategy yields a result similar to second-degree price discrimination.
Flipkart Health+ (formerly known as SastaSundar Healthbuddy Limited), [2] is a e-commerce platform dealing in healthcare, online pharmacy, diagnostics and e-consultation in India. [ 3 ] [ 4 ] The company was co-founded in 2013, by Banwari Lal Mittal and Ravi Kant Sharma with the name SastaSundar Healthbuddy in Kolkata. [ 5 ]
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