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E-commerce, life science deals drive PE VC investments to $2.4 bn
Mon, May 21, 2018
Private equity and venture capital investments in April were up 23% at $2.4 billion
Discounted mobile phones on e-commerce sites caused 2 lakh people to lose jobs: ICA
Thu, Apr 26, 2018
ICA report has argued that the companies were circumventing rules under Press Note 3 on FDI by holding inventory and influencing the prices of electronic goods, eroding offline retailers’ revenue and putting jobs at risk. The second threat that led to the closure of several mobile stores is the availability of the handsets on the companies online platforms as well as in their offline stores, which provide exclusive deals to customers.
Last day for Amazon's 'Go Honor World Carnival' sale; latest phones have best deals
Sun, Apr 08, 2018
The 'Go Honor World Carnival' sale has begun since April 04 on Amazon, and is available till April 08, 2018.
Amazon sacked 60 staff in India? Report 'incorrect', says company, only a 'small number' impacted
Tue, Apr 03, 2018
Amazon has contested the claims saying "reports stating 60 people (being fired) is factually incorrect and overstated". "As a global organisation, we have recognised the need to more organise our teams to keep us agile and help us use our resources optimally. This has impacted a small number of roles within the company," an Amazon India spokesperson said in an emailed statement.
Book movie, travel tickets on Flipkart soon; here’s how
Thu, Mar 29, 2018
Overall e-tail industry reached $17.8 billion in size in 2017, out of which Flipkart accounts for 40% of sales.
Snapdeal's Deal Mela sales begin; HDFC, Axis banks give 10% instant discount
Fri, Feb 23, 2018
HDFC Bank and Axis Bank both are giving 10% instant discount on different smartphones, if a customer makes payment via their debit or credit cards.
Real growth potential of internet usage lies in rural sector
Wed, Feb 21, 2018
For the next boost of internet growth, there are certain roadblocks that need to be addressed before the untapped user-base can be converted to internet users.
Amazon allows shopping upto Rs 10,000 through UPI apps
Tue, Feb 20, 2018
A customer can register through any of the UPI apps like BHIM, and enjoy payment facility on Amazon using his/her ID.
Amazon's market value on verge of beating out Microsoft
Thu, Feb 08, 2018
Amazon.com Inc on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp`s for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street.
Hike-Airtel partnership to facilitate easy use of smartphones
Wed, Feb 07, 2018
Hike, a homegrown messaging app, announced a strategic partnership with Bharti Airtel ("Airtel") to embed `Total, built by hike` on mobile devices under the latter`s `Mera Pehla Smartphone` initiative.
E-tailing industry sales slips in October to December period
Wed, Feb 07, 2018
E-tailing industry has been growing significantly. However, the last quarter of the 2017 calendar year shows sales were marginally down.
Amazon posts largest profit in its history on sales, tax boost
Fri, Feb 02, 2018
Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line.
Walmart likely to acquire a minority stake in Flipkart
Wed, Jan 31, 2018
World's biggest retailer, Walmart Stores Inc, is in advanced talks to acquire a significant minority stake in Flipkart. The deal could be finalised by March, two people with knowledge of the development told ET.
E-tailers see 33% increase in monthly active shoppers in 2017
Tue, Jan 30, 2018
Monthly active shoppers were tracked to have grown 33% to 20 million last year.
Future will be about 'made on the internet': Jack Ma
Wed, Jan 24, 2018
Jack Ma said that even without a perfect logistics system, payments system or blockchain, e-commerce has grown remarkably.
What people really think of the new Amazon Go grocery store
Tue, Jan 23, 2018
From standing in long queues to walking out without actually being billed, customers saw it all. Here's what customers think about the new Amazon Go.
Amazon Pay launches cash-load at doorstep
Fri, Jan 19, 2018
It has been touted to now make loading cash in customers’ Amazon Pay balance and cash on delivery payments ‘hassle free’.
Pepperfry appoints Abhimanyu Lal as CPO, elevates Hussaine Kesury to CCO
Thu, Jan 18, 2018
Pepperfry has appointed Abhimanyu Lal as the Chief Product Officer (CPO) and promoted Vice President and Business Head – Furniture vertical Hussaine Kesury to the position of Chief Category Officer (CCO).
Amazon, Flipkart gear up for Republic Day sales; up to 80% off on smartphone brands
Wed, Jan 17, 2018
E-commerce majors ready themselves for upcoming Republic Day sales. Deals include up to 80% off on mobile brands and fashion.
Flipkart and Myntra uncover fake product returns
Wed, Jan 17, 2018
The fledgling online fashion retailer was no match for the fraudulent ingenuity of the engineering students from Kanpur. The students would order branded clothes, stitch the labels on inferior locally made replicas, and claim a refund on the imitations citing bad fit.