Tag: Flipkart

Billionaire Ambani’s Reliance Revives Shein in India After 2020 Ban

Manish Kumar

Shein’s Return to India In a strategic move, Reliance Retail has reintroduced Chinese fast fashion brand Shein to India, nearly five years after its app was banned due to a diplomatic dispute. The relaunch comes through a licensing deal, marking a significant shift in Reliance’s fashion retail strategy. The Shein India Fast Fashion app was quietly launched on Saturday, marking a major comeback for the brand known for its affordable Western wear. Despite Shein’s previous ban in India amid data security concerns, Reliance’s partnership has allowed the brand to re-enter…

India’s Financial Crime Agency Raids Sellers on Amazon and Flipkart Platforms Over Foreign Investment Violations

Manish Kumar

Scrutiny on E-commerce Giants In a significant escalation of regulatory scrutiny in India’s e-commerce sector, the Enforcement Directorate (ED), India’s financial crime agency, recently raided offices of sellers operating on Amazon and Walmart-owned Flipkart. These raids are part of an ongoing investigation into potential violations of India’s foreign investment laws, which dictate the operations of foreign-owned online marketplaces in the country. The move underscores India’s increasingly assertive regulatory stance, particularly regarding the impact of foreign e-commerce giants on local businesses and competition. Raids Across Key Cities in India The ED’s…