DPIIT likely to release India s draft e-commerce policy this month
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DPIIT is trying to iron out differences among ministries on setting up an e-commerce regulator. Some ministries have suggested that the Central Consumer Protection Authority under the consumer affairs ministry should take up the role.
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New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) is likely to release
a new draft of the proposed e-commerce policy by this month.
The DPIIT is trying to iron out differences among ministries on setting up an e-commerce regulator and its reach. Some ministries have suggested that the Central Consumer Protection Authority under the consumer affairs ministry should take up the role. The issue was discussed at an inter-ministerial meeting on Saturday to deliberate on the draft e-commerce policy.
EQM launches online retail growth fund via HANetf
Etsy, Peloton, HelloFresh among holdings
Fitness service Peloton is among the holdings available to investors
EQM Indexes has launched a thematic ETF targeting online retailers via the HANetf platform.
The Global Online Retail UCITS ETF (IBUY) will offer investors access to a global basket of developed and emerging market companies which derive 60% of more of their revenue from online retail and marketplace commerce.
It will track the EQM Global Online Retail Growth index, which is revenue-weighted with a maximum of 25% exposure to emerging markets.
Available to investors for a total expense ratio of 0.69%, some key holdings at launch include Etsy, HelloFresh, Peloton and Delivery Hero.
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Pharmacy fined $13,320 for alleged unlawful advertising
The Therapeutic Goods Administration (TGA), part of the Department of Health, has issued an infringement notice for $13,320 to Newcastle-based retailer Junction Rx Pty Limited trading as My Community Pharmacy (Junction Rx). The TGA issued the fine for alleged advertising of an unlisted complementary medicine after Junction Rx failed to comply with a cease and desist notice by the set deadline.
Junction Rx allegedly advertised a therapeutic good called ‘FatBlaster Apple Cider Vinegar and Garcinia Max’ on its website. This product is not listed on the Australian Register of Therapeutic Goods (ARTG), a register of therapeutic goods that may be lawfully supplied in Australia. Under the Therapeutic Goods Act 1989 (the Act), therapeutic goods (including complementary medicines such as vitamins and herbal products) must be entered in the ARTG before they can be lawfully supplied or advertised in Australia unless a vali
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3DLOOK Announces $6.5 Million Series A Round, Led by Almaz Capital
March 16, 2021 GMT
YourFit by 3DLOOK (Graphic: Business Wire).
SAN MATEO, Calif. (BUSINESS WIRE) Mar 16, 2021
3DLOOK, the global leader in AI-first mobile body measuring and fit solutions, today announced that it has raised $6.5 million in Series A funding, led by Almaz Capital with participation from TMT Investments and Zubr Capital. The investment brings the company’s total fundraising to date to $11.2 million. The new funds will be used to expand 3DLOOK’s U.S. leadership team and establish new R&D labs in the U.S. and Western Europe as the company continues building the fastest and most engaging camera-enabled personalized shopping experiences for consumers and delivering advanced body data analytics to enterprise companies. Tailored Brands and 1822 Denim are among the leading global fashion retailers that are us