E-commerce
De-duplication of Indian consumer data to complete by year-end: Mastercard
Mon, May 13, 2019
Global payments giant Mastercard has started to delete transactions data of Indian consumers from US-based servers, and saving the same in India, from this month and expects to complete the de-duplication exercise by this year-end, a top official said.
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US criticises India's data localisation norms, draft e-commerce policy
Tue, Apr 09, 2019
"India is currently developing a new electronic commerce policy, early drafts of which have contemplated broad-based data localisation requirements and restrictions on cross-border data flows, expanded grounds for forced transfer of intellectual property and proprietary source code, preferential treatment for domestic digital products, and other discriminatory policies.
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E-commerce, consumer internet cos raised over $ 7 bn in PE/VC capital in 2018: EY
Fri, Mar 08, 2019
"The Indian e-commerce and consumer internet sector has seen significant inflow of capital in 2018, making India one of the most exciting destinations to invest in across the globe," said Ankur Pahwa, Partner and National Leader E-Commerce and Consumer Internet, EY India.
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Foreign e-tailers must have registered entity India: Draft e-commerce policy
Mon, Feb 25, 2019
Moreover, as per the draft policy, all data collected by e-tailers in India and stored abroad should not be made available to other business entities outside the country, for any purpose, even with customer consent.
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US voices concern as India's e-commerce restrictions hit Amazon, Walmart: Sources
Thu, Jan 24, 2019
India`s e-commerce investment rules, which kick in from Feb. 1, ban companies from selling products via firms in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.
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WEF 2019: Global business leaders raise concerns over India's recent e-commerce policy changes
Thu, Jan 24, 2019
An industry lobby group official said there is a fear that certain new rules proposed by the government could lead to discrimination against investors as this policy is only for foreign players and not for domestic ones in the e-commerce sector.
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