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Etailers could face penalties for violating rules; Jeff Bezos to visit India in 2020

Etailers could face penalties for violating rules; Jeff Bezos to visit India in 2020
Jeff Bezos Photo Credit: Reuters

Etailers, along with their vendors, may face penalties for violating the proposed consumer protection rules. Jeff Bezos, the founder of US-based retail behemoth Amazon, is planning to visit India in January 2020.

E-commerce cos face penalties for violating proposed guidelines

Etailers, along with their vendors, may face penalties for violating the proposed consumer protection rules, The EconomicTimes reports.

A government official said that the ministry of consumer affairs is planning to add a separate section emphasizing on penalties in the upcoming consumer protection (e-commerce) rules.

The ministry had extended the deadline for stakeholders and the public to submit feedback on the draft rules till December 2, the report said.

Amazon’s founder Jeff Bezos may fly down to India in January 2020

Jeff Bezos, the founder of US-based retail behemoth Amazon, is planning to visit India in January 2020, according to a report by The Economic Times.

He will meet the Prime Minister of India, Narendra Modi, and kick off the US retailer’s annual event around small and medium enterprises (SMEs).

The changing e-commerce policies in India is amongst one of the prime reasons for Bezos visit, the report said.

Uber’s chief product officer Manik Gupta to quit in December

San Francisco, US-based ride-hailing giant Uber’s chief product officer Manik Gupta is leaving the company on December 13, TechCrunch reports.

Gupta previously worked at search engine giant Google and joined Uber in 2015 as a senior director of the maps and marketplace product team. He was later promoted as the chief product officer.

Gupta told TechCrunch that the decision to leave Uber was very tough. He now plans to spend time with his family before jumping onto the next thing.

Snapdeal joins International Trademark Association

New Delhi-based e-commerce company Snapdeal, has joined the International Trademark Association (INTA) to support the protection of intellectual property on online marketplaces.

INTA is a global association that has more than 7,200 members across 187 countries. Its members include large brand owners, small and medium enterprises, government offices, and non-profits among others.

It aims to protect and promote the rights of trademark owners, support efforts for the advancement of trademark rights and work towards the development of appropriate legislation in this regard, the statement added.

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