India Must Watch Out for Dumping of Low-Priced Steel, JSW Says
Imports remain a concern for the industry despite a 12% safeguard duty levied by the government, Acharya said on BloombergTV on Tuesday.
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Yahoo
an hour ago
- Yahoo
Factbox-From Amazon to Walmart, global e-commerce firms face regulatory scrutiny in India
(Reuters) -Foreign companies operating in India's booming e-commerce sector face many regulatory and legal challenges from authorities investigating them for alleged non-compliance with Indian laws, moves largely aimed at protecting local businesses. Below are some of the ongoing regulatory cases, which include global giants Amazon and Walmart: ** Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale retailers from selling directly to consumers, India's federal crime fighting agency revealed on July 23, 2025. ** An Indian antitrust investigation in 2024 found Amazon and Flipkart, violated local competition laws by giving preference to select sellers on their shopping websites. The companies deny any wrongdoing. ** Samsung, Xiaomi and other smartphone companies also colluded with Amazon and Flipkart to exclusively launch products on their Indian websites in breach of antitrust laws, the investigation found last year. ** India's financial crime agency has been investigating Amazon and Flipkart separately for alleged breaches of investment rules. In 2024, it raided offices of some sellers operating on Amazon and Flipkart. ** The federal financial crime fighting agency has also privately sought sales data and other documents from smartphone players including Apple and Xiaomi as part of an investigation into Amazon and Flipkart. ** India's state-run product certification agency raided the Delhi warehouses of Amazon and Flipkart in March, seizing items that did not meet quality control standards, as it increased its scrutiny of the two firms. ** India's financial crime agency has asked Flipkart and its founders to explain why they should not face a penalty of $1.35 billion for the alleged violation of foreign investment laws, three sources and an agency official told Reuters in 2021. ** Meanwhile, Indian consumer products distributors have filed an antitrust case against big fast-delivery businesses Zomato, SoftBank-backed Swiggy and Zepto, calling for an investigation into alleged deep discounting practices. ** An investigation by India's antitrust body found Zomato and Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents showed. Sign in to access your portfolio
Entrepreneur
an hour ago
- Entrepreneur
Omni-Channel Strategy Pushes Tata Consumer Products Growth
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Tata Consumer Products reported a consolidated net profit of INR 334 crore, a 15 percent year-on-year (YoY) increase, in the first quarter of FY2026, ending 30th June 2025. The India business strengthened omni-channel capabilities including food services and pharmacy, with channels of the future – e-commerce and modern trade – demonstrating robust growth. Sunil D'Souza, MD & CEO of Tata Consumer Products said, "We delivered a steady topline growth of 10 per cent in Q1 FY26, with double-digit net profit growth. During the quarter, we recorded double-digit growth in the core India business across both tea and salt backed by volume growth. Tata Sampann continued its strong trajectory, with new launches & innovations performing well. However, unfavourable weather impacted volume growth in the RTD business." Revenue from operations for the quarter stood at INR 4,779 crore, up 10 percent. India business recorded double digit growth; enabled by strong growth in both core categories of tea and salt, supported by underlying volume gains. Tata Sampann continued its strong momentum, but the RTD business volume growth was impacted by unseasonal rains. The international business continued its momentum with a five percent constant- currency revenue growth while consolidated EBITDA for the quarter stood at INR 615 crore, a decline of 8 per cent due to higher tea costs in India and coffee price corrections in the non branded business. The company faced some impediment with the acquired business. While transitory issues impacted growth in Capital Foods and Organic India, the focus is now to deliver in these businesses through ramping up advertising, innovation and distribution expansion. "We delivered yet another quarter of strong performance in the international business; with margin being accretive to the India business margins. Tata Starbucks continued to expand its store footprint across metros and smaller cities across India with a total store count of 485 stores across 80 cities," the CEO said.
Bloomberg
an hour ago
- Bloomberg
Kotak Bank Targets India's Fast-Growing Affluent Customer Pool
Kotak Mahindra Bank Ltd. is extending wealth management and bespoke services to its affluent customers as competition for servicing India's rapidly-growing tribe of rich individuals heats up. The Mumbai-based private lender backed by billionaire Uday Kotak Wednesday launched 'Kotak Solitaire,' an offering targeted at salaried customers with 7.5 million rupees ($86,786) in relationship value and self-employed clients with 10 million rupees.
