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News

@bsindia
business-standard.com-standard.com

India launches online platform to connect exporters with US buyers

3+ day, 22+ hour ago   (258+ words) The move comes as India and the US continue negotiations on a trade deal, whose broad contours were agreed earlier this year By Shruti Srivastava India has launched an online platform to help its exporters reach US buyers, as it…...

@bsindia
business-standard.com-standard.com

PayGlocal Introduces Flash, a New Generation of Express Checkout for Cross-Border Commerce

5+ day, 3+ hour ago   (345+ words) business-standard.com NewsVoirMumbai (Maharashtra) [India], September 9: PayGlocal, India's leading cross-border payments company, today introduces Flash, a new express checkout experience that allows international customers to carry their verified checkout details across participating Indian merchants With the customer's permission, Flash securely…...

@bsindia
business-standard.com-standard.com

EBay probes how gender-test kits were available in India, listings removed | Company News

5+ day, 17+ hour ago   (591+ words) EBay has launched an internal review of its shopping website's safeguards after Reuters flagged that several gender-prediction kits were available for delivery to India, where using them is a criminal offence under a law meant to curb female foeticide. After…...

@bsindia
business-standard.com-standard.com

Centre allows ecommerce firms to hold inventory for exports under FDI rules

1+ week, 3+ day ago   (273+ words) The Department of Economic Affairs under the finance ministry has notified changes in Foreign Direct Investment (FDI) norms to allow e-commerce firms to maintain inventory only for export purposes. These firms will have to export goods manufactured or produced in…...

@bsindia
business-standard.com-standard.com

Banks, NBFCs to reset partnership terms with fintech firms

2+ week, 4+ day ago   (325+ words) Business Standard Banks and non-banking financial companies (NBFCs) are weighing a wholesale reset of their current terms of engagement with financial technology (fintech) companies Stakeholders involved have opened talks with top-notch legal, consulting and regulatory technology (regtech) firms The Reserve…...

@bsindia
business-standard.com-standard.com

Amazon, Flipkart need separate entities for exports under inventory model

1+ mon, 1+ week ago   (309+ words) The DGFT has notified a framework requiring foreign-owned e-commerce firms to create separate legal entities for inventory-based exports of Indian-made goods under the revised FDI policy The government on Wednesday said foreign-owned retail e-commerce entities such as Amazon and Walmart-owned…...

@bsindia
business-standard.com-standard.com

Commerce ministry notifies norms for inventory-based ecommerce exports

1+ mon, 1+ week ago   (222+ words) The commerce ministry on Wednesday notified procedures for online companies to undertake inventory-based cross-border e-commerce. The government recently allowed e-commerce firms, having foreign stakes, to keep inventory only for export purposes. "The operational procedures for the implementation of the inventory-based…...

@bsindia
business-standard.com-standard.com

Best of BS Opinion: India must avoid digital tariffs despite WTO rule lapse

1+ mon, 2+ week ago   (50+ words) World Trade Organisation, WTO Steel stocks had a strong run: Can Q1 earnings keep the rally alive? HDFC Bank under US scrutiny: Why three law firms are investigating the lender Sebi's mutual fund only PMS Flipkart is entering food delivery: Can…...

@bsindia
business-standard.com-standard.com

India should avoid digital tariffs despite WTO moratorium lapse

1+ mon, 2+ week ago   (112+ words) Business Standard An interim arrangement under the World Trade Organization (WTO) enabled tariff-free trade in electronically-delivered products and services, including software, cloud-based services, and digital content, for about three decades The moratorium was extended 11 times since it was first adopted…...

@bsindia
business-standard.com-standard.com

BS EDIT: Retail needs one clear rulebook

2+ mon, 3+ hour ago   (137+ words) Retail businesses navigate overlapping rules and multiple authorities. As technology reshapes commerce, regulation must become simpler, clearer and easier to implement A comprehensive ecommerce policy can reduce regulatory ambiguity, improve ease of doing business and spare firms from seeking approvals…...