Earlier this year, Vasudev was promoted to senior vice president at Flipkart and was given the additional role of managing Myntra following Narayanan's departure.
P&G is currently testing the beta version of the site and the products are sold and the supply chain managed by its Kolkata-based distributor BG Distributor. The website pgshop.in will go live in the next one month or so, said another person familiar with the development. P&G expects to use the learnings from the exercise the “distributor has undertaken.”
Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.
Cos aren’t on the same page over the issue of sharing non-personal, or anonymous, information with govt.
Reliance Brands is in talks to take over the India franchisee rights of luxury fashion label Versace, and the company is signing a deal to sell products of another Italian luxury brand Valentino in India.
Black Friday, or the Friday after the Thanksgiving Day in the US, is regarded as the beginning of Christmas shopping season there. Some marketers consider it a “business occasion” to acquire new customers while some others use the occasion to push fresh merchandise sales before winter sales kick in around December 20.
Mitsui looking to invest in firm that will supply fresh food to upcoming 7-Eleven stores, other players. The Japanese conglomerate are working on a similar business of fresh food supplies for 7-Eleven, FoodHall, Big Bazaar as well as other quick service restaurants. Mitsui could look at investing in Galaxy Cloud Kitchen or in a separate venture with Biyani.
Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.
The eating out and entertainment industry has seen an 8-10% drop in revenue in the first fornight of November.
One in every five complaints filed on the helpline was against an e-commerce company.
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