News: DIPP lists out the pro’s and con’s of FDI in e-commerce India and more

– DIPP lists out the pro’s and con’s of FDI in e-commerce India

Department of Industrial Policy and Promotion is allowing comments for opening FDI investment for e-commerce. Unlike the e-commerce section, unrestricted FDI is allowed in business to business segment.

In a paper termed ‘E-commerce in India’ the department has sought comments and responses for a few vital impacts. Comments are invited until January 30. Comments are requested for questions ranging from should FDI be allowed in e-commerce to what should be the total percentage. Foreign players such as Amazon and e-Bay have already lobbying for introducing FDI in this space.

The negatives against this moves can be it’s impact on smaller stores. One also needs to be vary about how it affects the domestic industry.

LogicSpeak:

It is believed that by 2020 E-commerce will contribute up to four percent of the GDP growth. Hence, the move will help the e-commerce companies who are looking for funds to expand.

Source: http://bit.ly/1huwg8Y

 

– ‘Jelly’ a new search app for finding solution to queries is unveiled by Twitter co-founder

A new search app named ‘Jelly’ has been unveiled by Mr. Biz Stone, Co-founder Twitter in a video on the company website.

This smart phone app aims to improve the way individuals search for information by querying people instead of internet search engines. It will enable users to submit questions to their network of friends on social media platforms.

LogicSpeak:

Similar platforms such as the Jelly already exist. These platforms form an important part for real-time engagement and cash on the idea of connectivity. We will have to wait and watch the kind of profit or brand engagement this app receives.

Source: http://bit.ly/1duQM2v

 

Other news:

E-commerce Firm Allschoolstuff To Shutdown

And it’s another casualty in the Indian e-commerce space, online education and stationery market allschoolstuff is scaling down its operations in the school and student supply space.

Link: http://bit.ly/1lOmv2Y

 

Paytm Joins The E-wallet Bandwagon With Paytm Cash Wallet

Paytm, the online recharge platform from One97, has launched Paytm Cash Wallet, a virtual cash wallet.

Link: http://bit.ly/1fcmMP

 

Facebook acquires Bangalore based Little Eye Labs

Facebook has acquired Banglore based Little Eye Labs, a company building performance analysis and monitoring tools for mobile app developers. The acquisition has been confirmed on the website of Little Eye Labs.

Link: http://bit.ly/1lOscOg

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