Amazons new seller policy may impact prices online Posted on 19th March 2018 |
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| BENGALURU: Amazon is tweaking its seller policy, which will be effective from April 19. These changes will see a reduction in various fees that Amazon charges from sellers on its marketplace. The e-commerce major will also hike the fee it levies on sellers in select categories as competition with Flipkart heats up. BENGALURU: Amazon is tweaking its seller policy, which will be effective from April 19. These changes will see a reduction in various fees that Amazon charges from sellers on its marketplace. The e-commerce major will also hike the fee it levies on sellers in select categories as competition with Flipkart heats up. Amazon’s India head for seller services, Gopal Pillai, said the new changes will boost margins for those who are selling on its platform. According to the new policy, Amazon has decreased the referral fees in over 30 categories, which range from 10% to as high as 75%. In over 20 categories like shoes, pet food and backpacks, the e-tailer has increased the referral fee by up to 50%. Amazon typically sends the policy changes to sellers in advance. But at the time of filing the story, third-party sellers had not received any communication. The changes in seller policies assumes significance as it can have an impact on the overall pricing of products sold online. In cases of higher overall commissions for e-commerce companies, third-party sellers typically increase the price of the product on the platform, passing hikes onto consumers. “Essentially, sellers will see improvement in their margins. We have over 3 lakh sellers now on the platform and our policy is to ensure growth for everyone regardless of their size and scale,” said Pillai. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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