Tag: flipkart

Centre Issues Order Against Amazon, Flipkart, Other E-Commerce Sites for Selling Seat Belt Alarm Stopper Clips

The Central Consumer Protection Authority (CCPA) has issued orders against the top five e-commerce platforms for selling car seat belt alarm stopper clips.

Authorities found that such clips were being blatantly sold on several e-commerce platforms.

The clips compromise the life and safety of consumers by stopping the alarm beep when not wearing seat belts. Selling of such items is in violation of the Consumer Protection Act, 2019.

The e-commerce platforms against which the order was issued are Amazon, Flipkart, Snapdeal, Shopclues and Meesho, a Ministry of Consumer Affairs release said.

The Ministry of Highways and Transport had highlighted the issue of the blatant sale of car seat belt alarm stopper clips and requested for action on errant vendors or online platforms and issuance of an advisory.

“It is imperative to say that using car seat belt alarm stopper clips can also be a hurdle for consumers seeking claim amounts in the cases of motor insurance policies, wherein an insurance company may deny the claim by citing the negligence of the claimant for using such clips. On the other hand, using a seat belt acts as a restraint that allows the airbag to provide proper cushion and not hit the passengers at full force which also works as a protective shield in case of collisions,” the release said.

It said that taking note of the Directions issued by CCPA, compliance reports were submitted by all five e-commerce entities.

Based on the initiative of the CCPA, about 13,118 listings of car seat belt alarm stopper clips have been delisted from the e-commerce platforms.

In an interview last year September, Union Transport and Highways Minister Nitin Gadkari recalled that he had seen stopper clips being used to prevent the beep of seatbelt alarms during his travel in vehicles of four chief ministers.

“Let me tell you something new. I traveled with chief ministers of four states during the past year. I sit in the front seat and use the seatbelt. I found a clip placed where the seatbelt is buckled. I scolded the driver. I am talking of the vehicles of four chief ministers, not talking of the common man…,” he had then said in the interview. 

OnePlus recently launched its first tablet in India, the OnePlus Pad, which is only sold in a Halo Green colour option. With this tablet, OnePlus has stepped into a new territory that’s dominated by Apple’s iPad. We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Walmart CEO Expects Exporting Goods Worth $10 Billion From India by 2027

Retail giant Walmart on Wednesday said India’s unique ecosystem of suppliers will help the company in achieving its goal of exporting goods worth $10 billion (nearly Rs. 81, 950 crore) from the country annually by 2027.

Addressing Indian suppliers and partners, Walmart President and CEO Doug McMillon reaffirmed the roadmap for strengthening partnerships with Indian communities, expanding opportunities for Indian businesses and fostering transformative and innovative solutions for retail from India to the world.

India’s unique ecosystem of suppliers will help power Walmart’s goal of exporting goods worth $10 billion from India annually by 2027, according to a statement.

“Walmart is committed to India and we are here for the long term. We are excited about the Indian suppliers and partners who make quality, affordable, and sustainable products for our customers and members around the world.

“We are proud that our business can support India’s growth by creating jobs, strengthening communities, and accelerating India’s progress as a manufacturing destination,” he said in a statement.

Walmart leadership, including McMillon and Judith McKenna, President and CEO of Walmart International, interacted with a cross section of suppliers, merchants, grantees, artisans and MSMEs across key India programs and initiatives.

These include Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, Walmart Marketplace, Walmart Global Tech in India, and the Walmart Foundation.

“India has long been a priority market for Walmart, and we care deeply about the country and its future. I am continually impressed by the entrepreneurial spirit across the country, and that spirit is one of the reasons Walmart is proud to play a small part in India’s growth story,” Judith McKenna said.

In December 2020, the retailer announced to triple its exports of goods from India to $10 billion each year by 2027, endorsing India’s continuing rise as a global hub of manufacturing. 

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Retailers Invited to Join ONDC by Union Minister Piyush Goyal to Reduce Dominance of Big Tech Firms

Commerce and Industry Minister Piyush Goyal on Tuesday invited all big and small retailers to join the government-promoted Open Network for Digital Commerce (ONDC), as it would help in creating huge opportunities for everybody.

ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium and reduce the dominance of giants in the sector.

It is a non-profit company, which is formulating a set of standards for voluntary adoption by sellers or logistics providers or payments gateway operators.

ONDC will require an undertaking from each participant at the time of onboarding that it will comply with the policy in its entirety.

“The Walmarts and Flipkarts of the world the Tatas, and Reliances of the world, everybody has a role in making ONDC a success. So, we would like to invite everybody to be part of this journey in a free and fair manner and nobody will be discriminated against. It is open to all. ONDC is open for business,” Goyal said here at a function.

The industry ministry and the consumer affairs ministry are working together to ensure that the grievances of consumers are addressed.

“We are making sure that this platform remains absolutely agnostic to any influence,” Goyal said, adding the platform would allow the e-commerce sector to flourish without damaging a large section of stakeholders and small retailers.

It would allow small retailers to participate in this journey of new technologies and new ways of doing business.

“ONDC threatens nobody. Even big e-commerce is not threatened. It only unlocks and opens the doors of opportunity,” he added.

The platform, he said, is using a system of creating an inter-operable network, allowing different platforms to collaborate and create an interface to help the buyers and sellers.

“ONDC will be the transformational e-commerce platform not just in India but across the world, in the years to come,” he said.

On the public procurement portal GeM, he said, it has saved Rs. 40,000 crore taxpayers’ money.

Xiaomi launched its camera focussed flagship Xiaomi 13 Ultra smartphone, while Apple opened it’s first stores in India this week. We discuss these developments, as well as other reports on smartphone-related rumours and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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PhonePe Raises $200 Million Investment From Walmart in Its Ongoing Fundraise

Indian digital payments firm PhonePe said on Friday it has raised $200 million (nearly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (nearly Rs. 99,000 crore).

PhonePe, already India’s most valuable payments firm and among the country’s most highly-valued startups, said the investment is part of its ongoing fundraise of up to $1 billion (nearly Rs. 8,250 crore).

It has raised $350 million (nearly Rs. 2,900 crore) from private equity firm General Atlantic and $100 million (nearly Rs. 820 crore) from Ribbit Capital, Tiger Global and TVS Capital Funds in the past two months, at the same $12 billion valuation.

American retail behemoth Walmart, which acquired a majority share in PhonePe in 2018, will continue as a majority investor, the Indian company said, without disclosing its stake.

Despite a funding winter, the Indian digital payments space has been a bright spot due to the popularity of online payments and startups’ ambitions to branch into the lucrative financial services space.

PhonePe said it plans to deploy these funds to build and scale new businesses including insurance, wealth management and lending.

PhonePe separated from Indian e-commerce giant Flipkart late last year, when it also shifted its registered headquarters from Singapore to India, with Walmart picking up the nearly $1 billion tax bill for the move.

The relocation, according to some reports, was to ensure an easier entry into the country’s highly-regulated financial services industry, especially lending.

© Thomson Reuters 2023

 

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Flipkart Big Saving Days Sale 2023 Dates Announced: All You Need to Know

Flipkart Big Saving Days 2023 sale dates are out, and customers can purchase smartphones and electronics at a reduced cost during the upcoming sale. Card offers on various products will also be available as part of the Flipkart sale. In addition, the e-commerce platform has confirmed that the sale will be available to Flipkart Plus members in India one day in advance. Flipkart has also reduced the prices of some products for all customers ahead of the sale. Customers can purchase discounted smartphones and electronics from March 7 until March 9.

When will Flipkart Big Saving Days 2023 sale start?

On March 11, Flipkart will launch its new festive season sale in India for all users. The Big Saving Days 2023 sale will continue until March 15, when customers can purchase smartphones and electronics at significantly discounted prices. For Plus members in India, the sale will be accessible starting March 10.

Flipkart Big Saving Days 2023: What to expect

According to the teasers shared by Flipkart, the Google Pixel 6a is likely to cost Rs. 26,999 during the sale, down from its regular price of Rs. 28,999. The offer price includes a variety of discounts, including a 10 percent discount on ICICI Bank credit cards and EMI transactions.

The Nothing Phone 1 is another popular 2022 smartphone that can be purchased at a reduced price during the sale. The smartphone with LED lights that make up the novel Glyph Interface will be available for Rs. 25,999, down from its listed price of Rs. 26,999.

Apple’s latest iPhone 14 and iPhone 14 Plus models will also be offered at discounted prices although Flipkart has not confirmed the lowered prices. The phones will likely be available for less than Rs. 70,000. The regular price of the base iPhone 14 model starts from Rs. 79,900, while the price for the Plus model starts from Rs. 89,900. The new iPhone 14 yellow colour variant will not be sold at a discounted price and will be available starting Rs. 79,900 from March 14.

The Google Pixel 7 device can be purchased for Rs. 46,999 during the sale down from its regular price of Rs. 59,999, while the Pixel 7 Pro will be available for Rs. 67,999 — it is usually listed at Rs. 84,999.

The Samsung Galaxy S21 FE is another smartphone that will be available at a discounted price of Rs. 12,990 during the sale. The device is available in the market for Rs. 37,450. More deals from the Flipkart Big Saving Days 2023 will be available soon.

After facing headwinds in India last year, Xiaomi is all set to take on the competition in 2023. What are the company’s plans for its wide product portfolio and its Make in India commitment in the country? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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PS5 India Restock: PlayStation 5 Pre-Orders to Go Live on March 10

Sony is gearing up for a PS5 restock this month, and it’s a big one. The company confirmed that the next batch of pre-orders for the current-gen console is slated to go live on Friday, March 10, at 12pm. Pre-bookings are open across three options — the disc-less PS5 Digital Edition, the bulky 4K Blu-ray drive-equipped disc variant, and a God of War Ragnarök bundle. PS5 restocks in India have been frequent recently, with February seeing two pre-order batches, and brick-and-mortar stores also showing promise when it comes to stock.

Indeed, the price hike from November is still in effect, with the PS5 Digital Edition now costing Rs. 44,990, while the standard variant is listed at Rs. 54,990. Meanwhile, the God of War Ragnarök bundle is priced at Rs. 59,390, which includes a digital code for the acclaimed video game. Late last month, Santa Monica Studio’s latest secured nine trophies at the 22nd Annual DICE Awards. A three-hour-long trial version of the game is also available to PS Plus Deluxe/ Premium subscribers at no extra cost. If you don’t own the game, the trial period should be enough to get a feel for the new mechanics. All progress and trophies get carried over to the full purchase, of course.

Back in January, at the CES 2023 event, PlayStation CEO Jim Ryan had promised that gamers would have an “easier time” getting their hands on a PS5 since the pandemic era, which caused global chip and inventory supply shortages. Seeing the recent restocking and readily available units at stores, it seems his words hold true for the Indian market as well. For now, the pre-order banner and advertisements are up on the Sony Center website, Amazon India, GamestheShop, and e2z Store. Going by past restock events, the PS5s are expected to be up for pre-order on Croma, Flipkart, Gameloot, and Vijay Sales as well. As usual, be fully prepared to book your PS5 unit at 12pm, as these essentially function like a flash sale.

For now, the Sony Centre website lets you enter details to be notified when the PS5 pre-order goes live, while Gameloot has some pre-owned and repaired units for sale — all on a 1-month warranty. The former also continues with a warning for delays in their services, owing to curfews and lockdowns in select regions. No word on when these new PS5 pre-orders begin shipping, but once it starts, the units are expected to reach customers within 14 days.

Last month, Sony held a PlayStation State of Play event focused on Rocksteady Studios’ new Suicide Squad: Kill the Justice League and some PS VR2 games. Currently, there are no details from Sony India regarding a PS VR2 launch in the country. The company also showed off the new games coming to its PS Plus service in March, which include Battlefield 2042, Minecraft Dungeons, and Code Vein.

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For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2023 hub.

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Vivo V27 Pro Price in India Leaked Ahead of March 1 Launch

Vivo V27 Pro is all set to be the next flagship smartphone in the V-series portfolio of the company. The company has confirmed the launch date for the upcoming smartphone via its official website. The smartphone will debut in the Indian market on March 1. While the design and key specs of the upcoming V27 Pro have been teased via the official website as well as Flipkart, a recent report has tipped the price of the phone in India. The Vivo V27 Pro is said to succeed the Vivo V25 Pro.

According to a report by 91arena, the Vivo V27 Pro will come in three variants in India – 8GB RAM +128GB storage, 8GB RAM +256GB storage, and 12GB RAM +256GB storage. The base model of the phone with 8GB RAM and 128GB storage will reportedly be priced at Rs. 37,999, while the 8GB RAM model with 256GB storage could cost Rs. 39,999, and the top-end model with 12GB RAM +256GB storage is expected to be priced at Rs. 42,999.

According to the Vivo V27 Pro’s landing page on Flipkart, Vivo V27 Pro will come with a 3D curved display and ultra slim design i.e, 7.4mm thickness with up to 120Hz refresh rate. The smartphone will feature a colour-changing glass back with a triple rear camera module and a ring LED flash. Additionally, the phone will pack a 50-megapixel Sony IMX766V main camera sensor with OIS support.

Vivo V27 Pro will come in two colour variants — Magic Blue and Noble Black, according to the Vivo’s official website.

Meanwhile, the phone has also appeared on the Geekbench website with model number Vivo V2230. The listing reveals that the phone has scored 1,003 in the single-core test and 3,936 in the multi-core test. The listing also suggests that it will pack a MediaTek Dimensity 8200 SoC under the hood. For software support, it will run on the latest Android 13 operating system out-of-the-box. 

 

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For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2023 hub.


iQoo Z7 Teased to Launch in India Soon, Poster Hints at Rear Dual Camera Unit

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PS5 India Restock: PlayStation 5 Pre-Orders to Go Live on February 22

Sony is gearing up for another PS5 restock this month. The company has confirmed in a press release that the next batch of pre-orders for the current-gen PlayStation console in India is slated to go live on Wednesday, February 22, at 12pm. Pre-bookings will be open for both bundles and standalone units — specifically the 4K Bluray disc drive-equipped versions. This marks the second PS5 restock this month, following the pre-order event on February 7 — the second time such an anomaly has occurred since the initial PS5 launch in India. The COVID-19 pandemic resulted in global chip shortages around the world, reducing the chances of acquiring a PS5, though now, it seems like things are headed in a positive direction.

At CES 2023, earlier this year, PlayStation CEO Jim Ryan announced that gamers should have a much “easier time” finding a PS5 from local retailers. While its implications on the Indian market were unclear at the time, plenty of brick-and-mortar stores and even the Mumbai Comic-Con event had enough stock for purchase — both console and accessories, separately. As per games analyst Rishi Alwani, there’s even a dedicated PS5 booth at the three-day-long India Gaming Show, which also sees Riot Games — makers of League of Legends and Valorant — attending this year. The event runs until February 18, at Pragati Maidan, New Delhi.

Circling back to the February 22 restock, pre-order banners / advertisements are still not up on any online storefronts, but the press release mentioned that the new stock of PS5s will go live for pre-order on Amazon, Croma, Flipkart, GamesTheShop, Reliance Digital, ShopatSC, and Vijay Sales.

PS5 prices shot up in November, with the bulkier disc variant now costing Rs. 54,990, while the Digital Edition coming in at Rs. 44,990. This marks a 12.5 and 10 percent increase, respectively. In a blog post in August last year, Sony had attributed the price hike in select markets, including Asia-Pacific, to global economic environment and high inflation rates.

At the time of writing, the Sony Center PS5 store page simply lets you enter contact details to be notified of when the stocks are available. The delivery details haven’t been updated from last restock either, which said that orders should start shipping out by February 21. It also features a delay warning depending on lockdown/ curfew restrictions in select regions. Purchase choices were limited recently, but earlier this month, Sony India broke the mould by offering two alternatives to pick from — a God of War Ragnarök bundle, priced at Rs. 59,390 and a standalone disc-drive-equipped unit for Rs. 54,990.

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Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025

Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore) in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size.

The funding round marks Gogoro’s latest effort to expand in India, where EVs are receiving mainstream push, having partnered with the country’s top bikemaker Hero MotoCorp and the state of Maharashtra.

“Electric vehicles are what the entire (delivery) industry is looking forward to,” Zypp‘s Chief Executive Officer Akash Gupta told Reuters.

The startup, which provides EVs for last-mile delivery for online stores, plans on using the funds to increase its fleet size to 2,00,000 EVs from 10,000, and expand to 30 Indian cities including Chennai and Mumbai by 2025, up from six currently.

Delivery companies in India are gearing towards cleaner mobility, with Amazon aiming to have 10,000 EVs for deliveries by 2025, while Walmart‘s Flipkart plans to have 25,000 EVs by 2030.

Several new and existing investors, including Goodyear Tire & Rubber’s Goodyear Ventures, 9Unicorns and WFC, participated in the funding round, which comprised $20 million (nearly Rs. 165 crore) in equity and $5 million (nearly Rs. 40 crore) in debt. 

Founded in 2017, Zypp has partnered with online shopping platforms Flipkart and Myntra, food delivery service providers Zomato and Swiggy, and grocery players Zepto and Blinkit.

It also aims to grow its operations by hiring across technology and top-level positions at a time when a few Indian startups are laying off hundreds of workers to reduce expenses.

Zypp said it is looking to be profitable in the next 12-18 months.

© Thomson Reuters 2023

 

Samsung’s Galaxy S23 series of smartphones was launched earlier this week and the South Korean firm’s high-end handsets have seen a few upgrades across all three models. What about the increase in pricing? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report

Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart for about $1.5 billion (roughly Rs. 12,235 crore), the Economic Times reported on Thursday.

The stake, which collectively amounts to about 5 percent, would raise Walmart‘s ownership in the e-commerce giant, the newspaper reported citing people familiar with the matter.

“They (Accel and Tiger) want to sell and exit now fully. The discussions are moving ahead and the transaction will close in due time,” a person familiar with the matter told ET.

Accel owns a little over 1 percent of Flipkart, while Tiger Global holds about 4 percent of the company, the report said.

Flipkart, Walmart, and Tiger Global did not immediately respond to Reuters’ requests for comment. Accel could not be immediately reached for a comment.

Walmart acquired a majority stake in Flipkart for about $16 billion (roughly Rs. 1,30,000 crore) in 2018 – its biggest deal ever – and later that year said it could take the company public in four years.

In April last year, Reuters reported that Flipkart had internally raised its IPO valuation target by around a third to $60 billion (roughly Rs. 4,90,000 crore) – $70 billion (roughly Rs. 5,70,00 crore), and plans a US listing in 2023.

Earlier this month, Walmart confirmed that it had already paid the Indian government most of the nearly $1 billion (roughly Rs. 8,300 crore) in tax owed after digital payments company PhonePe, which the US retailer owns through Flipkart, shifted its headquarters from Singapore to India.

Walmart bought a controlling stake in Indian e-commerce giant Flipkart in 2018, giving it ownership of PhonePe. The company said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both companies.

© Thomson Reuters 2023

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