A dull Independence Day for e-commerce platforms
Various e-commerce platforms use I-Day to multiply their sales by providing heavy discounts. This year saw a change in this pattern. Amazon and Flipkart, the two e-commerce giants chose not to aggressively campaign their I-Day sale. The Competition Commission of India (CCI)’s current investigation on the allegations of deep discounting by e-markets had resulted in a low-key Independence Day sale. The Government also plans on proposing changes like banning flash sales, mandating platforms…
This is a rundown of last week’s news updates on eCommerce & Licensing:
E-Commerce in India to touch $40 billion by 2030: Report
As per the report - Value E-commerce: The next big leap in India's retail market, India is set to touch new heights in the field of e-commerce. Currently, the e-commerce market is valued at $4 billion and as per the report, this figure is to touch $20 billion by 2026 and $40 billion by 2030. The main reason…
This weekly update on Trademarks is brought to you by the Trademark experts of BananaIP (BIP) Counsels.
Trademark quote of the week
“A brand is the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another” – Seth Godin
Trademark Stats from the Indian Trademark office (22nd February 2017 to 28th February 2017)
Total Trademark applications examined by the Trademark Office: 18916
Total applications disposed through show cause…