Praveen Khandelwal

Traders' body CAIT alleges $1 bn not investment but promotional finance to Amazon India to crush retail trade

Traders' body CAIT on Wednesday alleged that the $1 billion investment announced by Amazon chief Jeff Bezos is "promotional finance" to Amazon India to crush retail trade and encourage predatory pricing and deep discounting

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart

Traders' body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country's retail business

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies

CAIT's secretary general Praveen Khandelwal accused e-commerce firms of attempting to directly control India's economy by indulging in 'unfair and monopolistic' business practices

CAIT demands high-level enquiry by govt to probe 'unholy nexus' of e-commerce cos, banks in price distortions

CAIT criticised the banks giving cashback and various types of discounts for purchasing goods from e-commerce portals by making payments through their respective credit/debit cards.

Mastercard, ambassador MS Dhoni kick-off Team Cashless India campaign to boost digital payments

To garner support for the Mastercard campaign, Dhoni will interact with merchants and encourage them to 'bat' for a cashless India by accepting digital payments

CAIT seeks govt audit into business models of e-commerce firms Amazon, Flipkart

In a letter to Goyal, CAIT said that since Amazon and Flipkart consider brands responsible for offering deep discounts, the government should convene a meeting with major brands to ascertain the truth

No slowdown in auto sector, industry making hue and cry to get package from govt, claims CAIT

Traders body CAIT on Tuesday said there is no slowdown in the domestic automobile sector and the industry is making hue and cry only to get a package from the government

E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant

Kant noted that driven by the growth in India's retail market, the country's GDP will also witness an increase and result in more job opportunities

Trade body calls for nationwide bandh on Monday to express solidarity with kin of jawans killed in Pulwama

CAIT national president BC Bhartia and secretary general Praveen Khandelwal said that during the bandh, traders will keep a day-long fast and will take out tribute march and candlelight march in their respective states

E-commerce rules tightened: Is the discount party over for customers, marketplaces? Not yet, say experts

The e-commerce marketplaces like Amazon and Flipkart among others offer deep discounts which works well for both--the consumers and the marketplaces