PHYGICART E-COMMERCE PRIVATE LIMITED

    Phygicart E-commerce Private Limited Details

    CINU52609KL2017PTC049681
    StatusACTIVE
    Company CategoryCompany Limited by Shares
    Company Sub-categoryIndian Non-Government Company
    Company ClassPrivate
    Business ActivityTrading
    Authorized Capital10.0 lakhs
    Paid-up Capital1.0 lakhs
    Paid-up Capital %10.0
    Registrar Office CityROC-Ernakulam
    Registered StateKerala
    Registration Date06 Jul, 2017

    Phygicart E-commerce Private Limited News

    • Shopify has not given a reason for discontinuing the COD app in India, which is still largely a cash-driven market where several small and medium merchants rely on cash on delivery for their online orders. The company helps small and medium businesses build and sell online stores, has recommended a few alternative apps, including Indian e-commerce enabler GoKwik’s Kwik COD app and COD King.

      The Open Network for Digital Commerce (ONDC) is launching insurance, mutual fund products, and unsecured digital loans. Partnering with MasterCard for credit card offerings, ONDC aims to provide accessible credit solutions. Since its inception, ONDC has processed over 68 million transactions, promoting financial inclusion and democratizing digital commerce in India.

      "What the country always desires is fair play, is honesty'¦ for the customer, honesty to the supplier of goods and services and to ensure that other people also have a fair chance to compete against such online business," the Union minister, a member of Parliament from the Mumbai North constituency, said.

      Piyush Goyal, India's Commerce Minister, criticized Amazon's $1 billion investment, suggesting it masks predatory pricing and doesn't benefit the economy. He raised concerns about ecommerce disrupting small retailers and questioned a report suggesting no impact on traditional retail jobs. Goyal called for cautious regulation and the need to understand ecommerce's role better.

      Commerce and Industry Minister Piyush Goyal criticised Amazon's USD 1 billion investment in India, accusing the company of filling losses through predatory pricing that harms small retailers. He questioned the e-commerce business model and potential social disruptions caused by fast-growing online retail. Goyal emphasised the need for orderly technology growth and citizen-centric connectivity. He also disassociated himself from a report on e-commerce impact, expressing concern over the future dominance of e-commerce in India.

    * Ministry of Corporate Affairs, 2019, Company/LLP Data, (Government of India administrative body to govern and regulate corporate affairs through the Companies Act 1956 & 2013 including other allied Acts, Bills and Rules) http://www.mca.gov.in/, Updated as on 31 Jul, 2017.

    Please Note: Data on this page may not be updated vis-à-vis company’s current credentials.

    The Economic Times

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