Centre tightens rules for e-commerce firms: What lies ahead for Amazon, Flipkart?

Reading Time: 2 minutes Post Views: 2,014 In a setback for e-commerce firms having foreign investment, the government on Wednesday barred online marketplaces such as Flipkart and Amazon from selling products of the companies in which they have a stake. The commerce and industry ministry also forbidden e-commerce firms from entering into an agreement for the exclusive sale of products. The revised policy on foreign direct investment in online retail also said that these firms have to offer equal services or facilities to all its vendors without discrimination. With an aim to provide clarity…

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Future Group to acquire Snapdeal’s Vulcan Express Pvt Ltd.for 35 crore

Reading Time: 2 minutes Post Views: 3,316 Future Supply Chain Solutions, that belongs to Kishore Biyani, has made up its mind to fully acquire Snapdeal’s logistics service provider Vulcan Express Pvt Ltd. Vulcan Express Pvt Ltd. for 35 crore. Future Supply Chain is present pan-India, with 44 warehouses, 14 logistics hubs, 106 branches, and over 4.2m square feet of warehousing space. In a statement, Biyani said that through Vulcan, the company plans to boost its last mile capabilities and also offer state-of-the-art solutions to its e-commerce and retail clients. Snapdeal Chief Strategy and Investment…

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