Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Amazon, Flipkart could be hit by new e-commerce rules from tomorrow
Description
On Friday, Indian consumers will wake up to an emptier, more expensive version of Amazon’s shopping service. Gone will be iPhones and cheap jumbo packs of Pampers diapers. Fewer varieties of Maybelline cosmetics will be available, and Amazon’s own Echo smart speakers will vanish entirely. In all, more than 400,000 items that account for nearly a third of Amazon’s estimated $6 billion in annual sales in India will probably disappear at least temporarily from the local version of the company’s service, as Amazon tries to comply with new e-commerce rules imposed by the Indian government.
Keywords & Tags
More from User
06:52
Jet Airways crisis: Who is to blame, lending banks or promoter Naresh Goyal?
Mint
01:38
What to expect from Reliance Q4 earnings?
Mint
29:58
Zia Mody on adversarial deal making, fear of missing out in private equity
Mint
19:20
Apex Court squashes RBI's Feb 12 Circular on Stressed Assets Resolution : A Decode
Mint
12:50
Marico Founder Harsh Mariwala on how Indian start-ups can scale up & thrive
Mint
23:10
'Hostile' takeovers: L&T-Mindtree saga signals new era in Indian M&A deals?
Mint
Related Videos
00:47
Flipkart asks govt to delay new e-commerce rules for 6 months
Mint
00:47
Flipkart has 47% share of total mobile commerce traffic, followed by Myntra, Amazon
Mint
01:25
New rules, 100% FDI in e-commerce give short shrift to consumers
Mint
01:52
Amazon deliveries by drone kept years away by US rules
Mint
01:20
Flipkart remains India’s most popular e-commerce brand
Mint
02:38
Amazon may make rival bid for Flipkart
Mint