According to the ED, Myntra declared its business as wholesale cash and carry and received FDI funds based on this classification. However, it sold goods to Vector E-commerce Pvt. Limited, a related company that then retailed these goods directly to customers. This arrangement effectively split direct business-to-customer sales into business-to-business and then business-to-customer transactions between group companies, contravening FDI policy limits that allow only up to 25% sales to related entities under wholesale trading rules.

Myntra responded by confirming its commitment to comply with all laws and expressed willingness to cooperate with authorities, though it noted it had not yet received official complaint documents. In a separate but related case, the ED also booked One Sigma Technologies Pvt. Ltd. (SIMPL), known for its Buy Now Pay Later app, for alleged FEMA violations involving ₹913.75 crore through unauthorized foreign investments from the US. These developments highlight increased regulatory scrutiny on e-commerce firms concerning their compliance with India’s foreign investment rules and operational structures.

The post ED Probes Myntra and Simpl for ₹2,567 Crore FEMA Violations in Foreign Investment Case appeared first on The Tech Outlook.

Now with the newly formed partnership between Myntra and OnePlus, audio products will now be available on the platform for sale. This is significant as it will allow the brand to boost its online presence and promote a growing sale of devices from tier 1 as well as tier 2 cities of the country.

In accordance with this association, Myntra now has five of the audio devices from OnePlus prepared for sale. These include the OnePlus Nord Buds, Buds CE, Buds Z2, Buds Z2 Wireless Neckband, and the recently announced Buds Pro 2 too. These devices are ready for purchase on Myntra.

When asked about the partnership the OnePlus Head of the India Region said, “As India continues to be one of our most important markets, we are always looking out to partner with leading market players who share the ‘Never Settle’ spirit, delivering top-notch quality of service to customers across the country. To this end, we are excited to partner with Myntra, bringing our community-favorite audio offerings to an even wider young and fashion-forward audience.”

Myntra in response said, ” We are delighted to associate with OnePlus to offer an array of premium and high-quality audio products to our extensive customer base across the country. Being one of the few e-commerce platforms offering Buds Pro 2, we are sure that the products’ stylish and sleek design with top-notch audio technology will certainly delight our fashion-forward customers who love music on the go while elevating the overall style quotient. We look forward to our customers experiencing their much-loved brand, OnePlus, through its latest product offerings.”

Only recently OnePlus launched its brand-new Buds Pro 2 true wireless earbuds in India which is a successor to the OnePlus Buds Pro.

Therefore, this partnership turns out to be a major achievement for Myntra as well as for the country and its global presence.

Disclaimer: This article has been published based on the details given on mentioned website above. The Tech Outlook won’t be responsible for any issues regarding the purchase of the product.

The post OnePlus partnership with Myntra what to expect appeared first on The Tech Outlook.

The wireless buds are available at a price of ₹8,499 on Flipkart with a discount of 15% off. The price is expected to go lower as the price starts but either way, you’ll be saving ₹1,500 on the purchase. You can also buy it at an EMI of ₹295 per month.

Grab it as fast as you can and you can get it at a price as low as ₹7,649 with a bank offer available on Flipkart.

Go get it here!

Know the Quick Specs of the Nothing Ear Stick:-

• Size: Earbuds: 29.8 x 18.8 x 18.4mm, Case: 87.1 x 29.8 x 29.8mm
• Weight: Earbuds: 4.4g, Case: 46.3g
• Connectivity:  Bluetooth 5.2, Google Fast Pair, Microsoft Swift Pair, AAC/SBC
• Sensors: In-ear detection, Pressure sensor for controls
• Battery life
• Earbuds: Up to 7 hours of listening
• Earbuds with case: Up to 29 hours of listening
• Charging: USB-C
• Speaker: 12.6mm dynamic driver
• Water resistance
• IP54
• Colors: White

The post Don’t forget to grab Nothing Ear (Stick) Buds on Flipkart’s sale today! Starts at 12 Noon! appeared first on The Tech Outlook.

https://twitter.com/yabhishekhd/status/1564111984836378624

Recently, a video shared by a user on Twitter showed how carelessly all the e-commerce websites’ products were being managed. The handlers of the same appear highly irresponsible and unaccountable for their performance. This video has reached a large audience and is now being shared by thousands of users on the internet. The audience is bashing the websites like Myntra, Flipkart, Amazon, and other companies for their awful management strategies.

They claim, that the commitments made by these huge organizations seem to be fake and the products are at risk of getting damaged or stolen very easily since there is no control or guidance while the train unloads the goods. It is not new that complaints by online users have become very prevalent in the past few months. The complaints of product damage, product exchange, stolen, or torn products received have recently been identified a lot and the viral video shows the reason behind the same.

The post Viral Video shows how your Flipkart, amazon orders are being shipped from trains appeared first on The Tech Outlook.

Nagaram was named CEO in January 2019 and will continue to advise the company.

“…Myntra’s CEO, Amar Nagaram, has been a powerful enabler, leading the company to offer extremely engaging and individualised fashion experiences for clients.” Amar has decided to leave the Flipkart Group after nearly three years as CEO of Myntra to start his own company “Flipkart Group CEO Kalyan Krishnamurthy stated in a statement to workers on Friday. “Amar has been a vital part of the Group for nearly ten years, and prior to his present post, he headed numerous teams at Flipkart, and we shall miss his presence in the team.””

Nagaram reported to Krishnamurthy directly. A copy of the email has been reviewed by Mint.

Nagaram will remain with the company until the end of December to ensure a smooth transition and will continue to serve as an advisor.

Krishnamurthy added, “We will release details of his successor shortly.”

Myntra did not reply to requests for comment.

After his predecessor Anath Narayanan departed from the company, Nagaram, who was vice president at Flipkart, took over as CEO of both Myntra and apparel portal Jabong. Then, in early 2020, Walmart-owned Jabong ceased operations to concentrate solely on its premium fashion portal Myntra.

The post Amar Nagaram, the CEO of Myntra, has resigned appeared first on The Tech Outlook.

Zomato shared in a tweet that throwback to our old logo

throwback to our old logo 😂😂 pic.twitter.com/J3wBKEOA8U

— zomato (@zomato) January 31, 2021

Swiggy also posted on Twitter Spent the last 9 hours just looking at our logo. How was your Sunday?

Spent the last 9 hours just looking at our logo.

How was your Sunday?

— Swiggy (@Swiggy) January 31, 2021

But the meme industry is also not left behind in sharing some good memes on this recent Myntra controversy:

The world before The world after
change in change in
myntra's logo myntra's logo #MyntraLogo pic.twitter.com/qikUUOiGs0

— Sarthak Singh Rathore (@Sarthak34445335) January 30, 2021

Me, looking at the old and new logo of Myntra : pic.twitter.com/zdcgH7IHE7

— Angshuman (@angshumorous) January 30, 2021

https://twitter.com/hg2601/status/1355569532601991168

Me – Thinking about MYNTRA logo. #MyntraLogo pic.twitter.com/UTBBHzU3ib

— Harjas (@TheHarjas) January 30, 2021

Netizens after hearing about Myntra logo complaint news. #Myntra #MyntraLogo #memes2021 pic.twitter.com/9XZAxR3Ioj

— The Wealthy Wordsmith🤯 (@wbhavay) January 30, 2021

The post Zomato and Swiggy shared their logos after Myntra Controversy; details inside appeared first on The Tech Outlook.

Truly, you heard me right! The stage which caters generally to ladies had a particularly hostile logo and nobody ever seen it till now.

This is how the new logo looks like:

What was the deal?

The protest was recorded by a Mumbai based ladies extremist Naaz Patel to the Mumbai digital police in December 2020. The protest claims that the current Myntra logo is annoying and hostile towards ladies and a severe move should be made against the organization.

Avesta Foundation on its official Twitter account has said, “Congratulations to our founder. She did what apparently seemed impossible. Thank you, everyone, for your support. We’re overwhelmed by the response. Kudos to @myntra for addressing the concerns and respecting the sentiments of millions of women”.

Patel is related to the Avesta Foundation NGO. She has additionally raised the issue on the web as well.

How Is The Internet Reacting To It?

Following the news, netizens found the entire circumstance too interesting and soon the Twitter was assaulted with various images.

The post Want to know how new Myntra logo looks like? We have got you covered appeared first on The Tech Outlook.

Naaz Patel, an activist and the founder of an NGO called Avesta Foundation. In her complaint, she demanded the removal of the logo and calling for action to be taken against the company. She alleged that the old logo resembled a naked woman.

After the complaint was filed; Mumbai Police’s cybercrime department then sent an email to the Myntra, informing the company about the complaint. Myntra, the Flipkart-backed e-commerce giant responded to the complaint stating that it will change its logo within a month’s time.

As per reports, the company has issued printing orders for packaging material with their new logo; however, the company is yet to reveal its new logo to the public, it has already started the process of replacing the old logo on all platforms, including the website and app.

DCP of Cyber Crime Department of Mumbai police, Rashmi Krandir said, “We found that the logo was offensive in nature for women. Following the complaint, we sent an email to Myntra and their officials came and met us. The officials said they will change the logo in a month’s time,”

The post What is wrong with Myntra’s Logo? Know more appeared first on The Tech Outlook.