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eBay to sell Flipkart stake for about $1.1 bn; relaunch eBay India
Thu, May 10, 2018
In exchange of an equity stake in Flipkart, eBay had made a cash investment of USD 500 million and sold its eBay.In business to the Bengaluru-based e-commerce major.
Flipkart sale may be a snap deal for Walmart; here is how
Fri, Apr 13, 2018
A deal with Flipkart would step up Walmart’s battle with Amazon.com for a bigger share of India’s fledgeling e-commerce market, which Morgan Stanley estimates will be worth $200 billion in a decade. As per media reports, Amazon is exploring a possible counter offer for Flipkart.
Instagram drops its Apple Watch app
Tue, Apr 03, 2018
According to 9to5mac, "there is no mention of the Apple Watch app being pulled in the release notes which only mentions the typical bug fixes and improvements, but updating to version 39.0 on iPhone removes Instagram for Apple Watch when paired". The report noted that the development was likely because of a new restriction that Apple was enforcing.
JioPhone available on Amazon, eBay, though at a cost
Tue, Jan 02, 2018
After being launched as the 'effectively zero' priced phone, the phone is being sold online
Now Flipkart goes global as Amazon extends reach to India
Mon, Aug 21, 2017
Flipkart has opened a 'global' store to take on Amazon.
Flipkart now valued at $11.6 billion after Softbank's $2.4 billion
Thu, Aug 10, 2017
SoftBank Vision Fund is now the largest shareholder in Flipkart after its latest round of funding.
eBay.in is now part of Flipkart
Tue, Aug 01, 2017
Flipkart said, "Effective immediately, Flipkart will own and operate eBay.in, which will remain an independent entity as a part of Flipkart. Additionally, both companies are also partnering to leverage opportunities in cross-border trade."
Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up
Sun, May 07, 2017
Japan's SoftBank is seeking to secure a piece of India`s industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector, cited the sources with direct knowledge of the matter.
EBay's second-quarter profit forecast falls short of estimates
Thu, Apr 20, 2017
EBay Inc on Wednesday forecast second-quarter profit that fell short of analysts` estimates, as it spends heavily on revamping and marketing its e-commerce platform amid stiff competition from much larger rival Amazon.com Inc .
To compete with Uber, Ola raises over Rs 1,600 crore in fresh funding from SoftBank
Fri, Apr 14, 2017
Ola has raised about Rs 1,675 crore in a fresh funding round from Japan's SoftBank in order to compete with its rival taxi aggregator Uber in India.
Flipkart Vs Amazon: What's in cart for discount-seekers?
Tue, Apr 11, 2017
The sale of eBay's India business to Flipkart means further consolidation in the e-commerce market and the growing dominance of the No 1 e-commerce company in India.
Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal
Tue, Apr 11, 2017
Flipkart on Monday raised $500 million from eBay as it invested in the company and sold its Indian unit to the Indian e-commerce company.
eBay invests $500 million in Flipkart; sells its India unit
Mon, Apr 10, 2017
Global marketplace giant eBay has invested $500 million in Indian e-commerce giant Flipkart. Ebay has backed Flipkart with an investment of $500 million for it to battle Amazon in India, according to a Reuters report. In addition eBay will sell its business to Flipkart.
Samsung Galaxy S8, S8+ already being sold for Rs 90,000 on eBay India
Thu, Mar 30, 2017
Samsung on Wednesday launched its flagship phones Samsung Galaxy S8 and S8 Plus. Although the company did not divulge when the phones will be available in India and and what price, sellers are already taking orders for the phone.
Flipkart raises $1 billion, tries hard to sustain its over-valuation
Tue, Mar 21, 2017
Recently, Morgan Stanley Institutional Fund Trust – a mutual fund arm of Morgan Stanley revised value of its each share in Flipkart at $50.51 per share as of December 2016, down 3.10% from $52.13 per share of September 2016.
Flipkart in discussions with Microsoft, Tencent Holdings, eBay, others to raise $1.5 billion funding
Wed, Feb 22, 2017
Flipkart is in talks with Microsoft, Tencent Holdings, eBay and PayPal Holdings to raise $1.5 billion at a valuation of $10-12 billion.
Muslim Ban: Here's a list of 14 CEOs against Trump's immigration ban and their letters, Tweets
Mon, Jan 30, 2017
The executive order signed by President Donald Trump on Friday banning immigrants from several countries and temporarily shunning green card holders coming from those places received mass ridicule from many chief executive officers (CEOs).
eBay India losses for FY16 at Rs 262 crore
Tue, Dec 27, 2016
E-commerce company eBay posted revenue of Rs 392 crore for the fiscal 2015-16, according to its annual filing to the Registrar of Companies; however, its losses also increased to Rs 262 crore in FY16 from Rs 172 crore a year ago, a report by ET said on Tuesday.
Good monsoon, better pay packets to boost online festive sales
Fri, Sep 30, 2016
In e-commerce, retailing is the second-largest and fastest-growing segment.
Coca-Cola sign in Australia sells for $75,000
Tue, Sep 13, 2016
An Australian auction to sell off a massive iconic Coca-Cola signage in Sydney has come to an end with over $75,000 received from local and overseas bidders, authorities said on Tuesday.