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eBay supplier arrested for selling fake Canon products
Unscrupulous activities by a few sellers continue to mar the image of online players in the country. After the recent incident of a seller on Snapdeal sending bricks and soaps instead of phone to a customer in Mumbai, the Kolkata police have arrested a seller of online marketplace eBay for selling fake products.
Oct exports dip 5%; surging gold imports widen trade deficit
India’s tottering exports slipped into negative territory in October, falling 5.04 per cent annually to $26.09 billion. The decline — the first in six months — is largely due to a fall in shipments of petroleum products, electronics, engineering items, gems & jewellery, and iron ore.
Tyre industry worried over rising imports, loss to local industry
The tyre industry has raised its concern over indiscriminate tyre imports, saying it will dent Prime Minister’s ‘Make in India’ call. In view of no letup in import of dumped tyres in India, huge domestic capacities created in the recent past are staring at the prospects of underutilisation, Raghupati Singhania
Online shopper base to grow to 100 million
IRising consumer confidence and growing internet penetration is set to help e-commerce become a $15 billion market by 2016. According to an online shopping growth trends report released by Google on Thursday, India’s e-tailing market is at an inflection point and will have nearly 100 million online shoppers by 2016.