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Walmart shrugs off 'Flipkart-exit' buzz; says, 'commitment to India is deep and long term'
Wed, Feb 06, 2019
Walmart last year in May, gave the world its largest-ever e-commerce deal by buying Flipkart for about $16 billion for an initial stake purchase of 77%.
Walmart to exit Flipkart? How this new policy may have hit e-commerce in India - from largest investment, to thoughts of sad exit
Tue, Feb 05, 2019
Walmart-Flipkart deal which took place last year, is already in the news for all the wrong reasons. Check out the reasons why and why it may shock investors and others too.
Crackdown against Amazon, Flipkart: When your discounts will be curbed and more
Thu, Dec 27, 2018
E-retailers faced a major setback after the Government came up with a review policy regarding Foreign Direct Investment (FDI) in e-commerce sector which gave another perspective to the entire policy framework.
E-commerce: New norms to come into effect from February 1; likely to hit Amazon, Flipkart
Thu, Dec 27, 2018
India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest.
Safest way to do online banking transactions, payments using debit, credit card, netbanking: Do this to save a lot of money
Sun, Dec 23, 2018
Best way online banking transactions, payments using debit, credit card, netbanking: As online payments has become a vogue these days, some anti-social elements have also grown up to cheat a large number of people every year.
Flipkart 'first choice' of online smartphone buyers in India, Amazon preferred for premium devices
Thu, Dec 20, 2018
The research showed that one out of three consumers consider availability of good deals and experiencing latest specification or feature as the prime reasons for buying a new smartphone.
Amazon sale set to take on Flipkart's Big Billion Days; bets on small cities, big brands for festive success
Thu, Sep 27, 2018
Competing head-on with rival Flipkart, Amazon India has announced that it will commence its festive sale from October 10-15, lining up new launches across various categories. Rival, Walmart-backed Flipkart will host its 'The Big Billion Days' (TBBD) festive sale from October 10-14. It too is expected to dish out massive discount offers.
Mandating e-commerce firms to store user data exclusively in India to impact their biz: Experts
Sun, Sep 23, 2018
Making it mandatory for e-commerce players operating in the country to store user data exclusively in India will impact their business, according to industry experts.
Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides
Thu, May 10, 2018
Binny Bansal, the poster boy of India's e-commerce revolution, has just sold his firm Flipkart, he is a co-founder alongside Sachin Bansal, to US retail giant Walmart in a deal valued at $16 bn. It has boosted Flipkart valuation to $21 bn (Rs 1,35,000 crore).
Awesome Flipkart-Walmart deal may get big slap in face in India
Thu, May 10, 2018
As per the proposed deal, Walmart is expected to acquire shares of the Singapore-registered Flipkart. In the normal case, capital gains will not arise. But India had introduced an amendment to nullify the Vodafone Judgment by taxing indirect transfers. On account of indirect transfer, this transaction could get taxed, because of the change in shareholding at the Singapore entity.
Ministry of Consumer Affairs may release new rules for e-commerce companies: Sources
Fri, Mar 30, 2018
The new set of rules will also make it compulsory for the e-commerce companies to follow the instructions provided under Legal Metrology (Packaged Commodities) Rules. Amazon India, Flipkart, Snapdeal, Grofers and Bigbasket are some of the leading e-marketplaces entities operating in the country.
Mondelez strives for $1 billion online sales in India by 2020
Tue, Jan 09, 2018
The maker of Cadbury and Oreo, Mondelez, said that its Indian business will be crucial to building its global ecommerce sales as it strives for $1 billion in online sales by 2020, reports ET.
India added over 1,000 new tech start-ups in 2017 to become third largest ecosystem
Thu, Nov 02, 2017
Growing at 5-year CAGR of 30%, advanced tech start-ups focused on creating solutions in segments like Artificial Intelligence, Analytics, Augmented Reality or Virtual reality
Flipkart lifts bid for rival Snapdeal to up to $950 million
Tue, Jul 18, 2017
Indian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by the company`s board.
Amazon's Great Indian Sale is live; We bring you the best deals
Thu, May 11, 2017
Starting from electronic category - Amazon is offering between 10% - 31% discounts on televisions. LG 43 inches TV with full HD LED has been priced at Rs 31,990 from Rs 47,900 – a discount of 31%. While LG 32 inches HD Ready Smart LED is offered at discount of 36% priced at Rs 20,999.
SoftBank writes off Rs 6,400 crore from its Snapdeal investment
Wed, May 10, 2017
SoftBank said that it has written off over $1 billion (Rs 6400 crore) on valuation of its investment in Snapdeal.
Amazon launches Amazon Pantry in Chennai
Mon, Mar 13, 2017
Amazon Pantry customers in Chennai can shop for over 4,000 everyday essentials from over 250 brands of groceries and household products
Snapdeal secures online biz further through ISO certification
Mon, Feb 13, 2017
The ISO 27001 is the only auditable international standard which defines the requirements for an Information Security Management System to ensure that sufficient security controls are instituted within the certified organization, Snapdeal said in a statement here.
Amazon's fourth quarter income spirals four-fold to $487 million
Fri, Feb 03, 2017
E-commerce major Amazon International reported a significant decline in its fourth quarter ending December 31 operating income at $487 million. The company had reported operating income loss of $108 in the same period last year.
Amazon to promote traditional Gujarat tribal handicrafts, food items
Tue, Jan 17, 2017
Ecommerce major, Amazon India signed a memorandum of understanding (MoU) with the government of Gujarat to reach out to its tribal population last week at the biennial investors' summit - Vibrant Gujarat.