The Economic Times
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| 29 November, 2020, 03:39 PM IST | E-Paper

    Flipkart demotes Walmart India executives in merged entity

    “Flipkart said all Walmart's vice presidents will be made directors, and all employees have been told that the role redesignation letter will come by December 3 and people have the option of accepting the offer within five days or take three months’ severance pay to quit,” one of them said.

    Flipkart partners AWPO to onboard Army veterans in workforce

    Selected personnel will be offered customised induction, sensitisation programmes and curated learning programmes to enable a seamless transition and help them learn the nuances of the various corporate job roles, it added. Flipkart's hiring of ex-servicemen will help provide opportunities to new career paths and offer more options post serving in the armed forces, it said.

    In final stages of consolidating Walmart India operations, says Flipkart Wholesale

    In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launch of 'Flipkart Wholesale' to tap into the USD 650 billion B2B retail market in India.

    Monthly active users for Flipkart, PhonePe at 'all-time high': Walmart

    In a statement, Walmart said its 'international' segment's net sales were at USD 29.6 billion, an increase of 1.3 per cent, and that changes in currency rates had negatively affected net sales by approximately USD 1.1 billion.

    Flipkart Group to invest in USPL to enhance fashion portfolio

    USPL's flagship brand, Wrogn is a men's casual wear brands that have been among the leading brands on Myntra (Flipkart group company) over the last few years, the statement said.

    Amazon fined for not displaying mandatory information about products

    ​​ Last month, the consumer affairs ministry had issued notices to e-commerce majors Flipkart and Amazon for not displaying such information.

    Artisans from Samarth programme saw 2.5x increase in sales during festive season: Flipkart

    "Over the last year, Flipkart Samarth saw a 12x growth in the number of partners who joined the programme. These artisans, who became part of Flipkart's annual festive season sale this year, saw a 2.5x increase in comparison to their usual non-festive sale days," a statement said.

    HC seeks Centre's reply on plea against rule to register e-commerce business as company

    Senior advocate Anand Grover and advocate Samyak Gangwal, appearing for Sethi, told the court that the effect of the impugned rule was that every business enterprise which is not a company is excluded from the e-commerce space or they will have to sell through platforms like Amazon or Flipkart.

    Bureau of Indian Standards to bring service norms for e-commerce companies, aggregators

    The BIS, which lays down norms with regards to quality and safety of goods sold in the country, has been in discussion with various stakeholders to lay out standards for several issues ranging from standardisation of invoices and websites.

    How to go about buying major appliances as Amazon and Flipkart announce their sales

    As the festive season in India approaches, e-commerce websites have decided to up the ante by offering attractive discounts and a variety of products. Amazon’s Great Indian Festival 2020 sale will begin at midnight of October 16 for Prime users and from October 17 for everyone else. While Flipkart Big Billion Days 2020 sale will start at noon October 15. Here are four products that you can opt for and make your shopping worthwhile.

    SIAC arbitration order against Rs 24K crore RIL deal not 'enforceable, binding': Future Retail

    Last Sunday, the SIAC passing an interim award in favour of Amazon had asked the Future group to put the deal on hold and said that the deal cannot go through until it finally decides the matter.

    'KVIC forces Flipkart, Amazon, Snapdeal to remove fake khadi products'

    These e-commerce portals were selling products like Khadi masks, herbals soaps, shampoos, cosmetics, herbal mehandi, jackets, kurta and many such products through different sellers using this brand name.

    Amid tensions with China, India warns Amazon, Flipkart over country of origin rule

    Amazon has often faced regulatory challenges in India. Last year, the government enforced strict rules for foreign investment in e-commerce which forced the U.S. retail giant to rework its business structures and strained ties between New Delhi and Washington.

    Flipkart ties up with Max Fashion

    Flipkart has partnered with Max Fashion, the largest clothing retailer in India, to expand its fashion portfolio ahead of festive season sale.

    Flipkart-Aditya Birla Fashion proposed deal violates government's FDI policy: CAIT

    CAIT wrote to Commerce Minister Piyush Goyal in this regard urging him to prohibit Aditya Birla Fashion and Retail Ltd from directly or indirectly selling its inventory on the marketplace platforms owned/controlled by the Flipkart Group.

    Flipkart, Amazon strengthen furniture offerings ahead of festive season

    With consumers now investing more in creating their own comfortable space at home, there is a notable increase in the demand for ergonomic furniture across furniture segments, said a Flipkart official.

    Despite coronavirus, Indian traders stock up in hopes of festive cheer

    India's biggest shopping season is at the time of the festivals of Durga Puja and Diwali, which fall 20 days apart in October-November each year. Traditionally, this is a time when houses are re-decorated, big-ticket items purchased, feasts held and gifts exchanged.

    50-60% of spends on E-commerce platforms via digital modes

    CoD has traditionally constituted as much as 70% of all e-commerce transactions. During the early days of the pandemic, CoD transactions fell sharply, as most leading online marketplaces discouraged physical contact on home delivery, although it has picked up since.

    Flipkart and Amazon corner 88% share of festive online sales: Report

    Pandemic woos new shoppers from small cities, offline retail slump helps e-commerce, the report said.

    From laptops to grinders, it’s up & up again since May: Reliance Digital

    Reliance Digital, India's biggest retail chain by revenues, said it has grown business by 30-40% in August and September compared to a year ago, indicating the continuing demand revival in smartphones, televisions and refrigerators on a month-on-month basis.

    Flipkart Wholesale announces 1st 'Big Festival Month' fashion sale

    The sale will feature products in fashion categories across more than 50 brands, more than 100 sellers and one lakh members, the newly-launched B2B marketplace said in a statement.

    Flipkart partners Max Fashion to expand fashion category ahead of festive season

    The partnership will provide Max Fashion with wider market access as its products across categories, including apparel and accessories, footwear, will be available in newer geographies and pin codes.

    TikTok, add to cart: How online stores are working to influence your purchases, literally

    ​As the pandemic has forced Indians to stay indoors for months, making them consume more videos on their phones than ever, e-commerce companies of Myntra, Flipkart's 2Gud and Paytm Mall are intensifying their customer engagement programmes and making their sites even more interactive with digital content and videos.

    Show cause notices for closure issued to Flipkart, Patanjali over PWM Rules, CPCB tells NGT

    CPCB said the show cause notice under Section 5 of the Environment (Protection) Act, 1986, has been issued to these units on October 8, for closure of their operation and environment compensation for non-compliance of provisions of Plastic Waste Management (Amendment) Rules 2018.

    Verdict on Amazon arbitration plea over Rs 24,713 cr Future-RIL deal expected in few days

    A one-man arbitration panel heard the plea of Amazon and Future Group last week and a verdict is expected in a few days, according to sources.

    Govt to launch ecommerce portal for artisans

    According to two senior government officials, the idea is to make sure that artisans can directly sell their products to consumers, eradicating middlemen.

    Online retail sales steal the festive limelight: Phones, appliances, apparel, FMCG sales skyrocket

    Top corporates such as LG, Samsung, Hindustan Unilever, Apple, ITC, Reliance Retail, Aditya Birla Fashion, Arvind Fashions, Levi's and Domino's saw ecommerce sales increase significantly as consumers increasingly bought from home amid the pandemic, leading to a surge in first-time online shoppers.

    Amazon, Flipkart mulls leasing warehouse space to meet festive sales rush

    Both companies expect their sales to outpace existing fulfilment centres and are looking for incremental storage areas for the next few months, until they develop their own facilities.

    Retail giants eye rural India, small towns to push growth

    With farm sector seen as a key support to growth against the mayhem triggered by the pandemic, these companies sense an opportunity to increase sales betting on rural and small town India.

    Festive discounts: Out of stock chains, ecommerce sites run out of appliances

    Several models of LG, Samsung, Lenovo, Bosch, Siemens, TCL, Kodak and Thomson are no longer available. Online-focused brands such as Vu have just half of last year's stock while BPL hasn’t featured at all on the marketplaces this festive season, four industry executives said

    Flipkart eyes Lee, Wrangler brand rights

    After buying a significant minority stake in Arvind Youth Brands, which owns the Flying Machine denim brand, Walmart-backed Flipkart Group is now in talks with American clothing company Kontoor Brands for the brand rights of Lee and Wrangler in India, sources said.

    Amazon India adds 4 vernacular languages to woo shoppers ahead of festive season

    Walmart-owned Flipkart had introduced Hindi interface for customers last year, and added Tamil, Telugu and Kannada in July this year. Smaller rival Snapdeal on Monday announced that its app is now available in eight languages, including Hindi, Tamil, Kannada, Telugu, Malayalam, Gujarati, Punjabi and Marathi, in addition to English.

    SC asks Karnataka HC to decide CCI plea for vacating stay on probe against e-com firms

    A bench comprising Justices A M Khanwikar, Dinesh Maheswari and Sanjiv Khanna asked the Competition Commission of India (CCI) to approach the High Court for relief.

    Reliance Retail is set to wage an online price war against its rivals, as festive season nears

    The deep discounting play will largely be on private and exclusive brands such as its own fashion labels, apart from electronic goods from BPL, Kelvinator, Sharp and others. Prices will be lower for mainstream electronic and smartphone brands too, they added. Companies like Apple and Samsung have said in the past that they do not control pricing on any channel as per Indian laws.

    Festive sales: Covid-induced shift to ecommerce hits instant bank discounts for consumers

    Till last year, the total bank discount used to be uniform in the total sale period and used to range up to Rs 2,000. Instant bank discounts lures consumers to shop more to avail bigger benefits and ensures returns or last minute cancellations are at a minimum.

    E-commerce sales see rush of new shoppers, mainly from hinterland

    Bengaluru-based Flipkart also said that there has been a perceptible shift towards consumers adopting digital payment instruments, with prepaid transactions recording a 75% increase. “One out of every 5 purchases in high-ticket segments like mobiles, furniture, large appliances & electronics were driven through an EMI construct,” Flipkart said in a statement.

    E-commerce companies to create 3 lakh jobs this festive season: RedSeer

    Most of the hiring by e-commerce platforms ahead of festive season is temporary and done ahead of time to prepare for surge in orders during the various sale periods.

    Homegrown e-commerce giant Flipkart onboards 13,000 kiranas in eastern region

    "Flipkart's team initiated contactless onboarding of kiranas through online application. This enabled seamless onboarding without them having to step out during COVID-19 times," a company statement said.

    Apple Inc-owned webstore debut in India: Products being sold at maximum retail prices

    Apple products, such as iPhones and iPads, are sold at up to 12% discount in the online marketplaces and even the webstore of top retail chains like Reliance Digital and Croma. Discounts tend to be higher during busy shopping days, like the upcoming festive season.

    Small sellers on e-commerce platforms face funds crunch for stocking up before festive season

    Banks and non-banks have tightened eligibility for loans to third-party ecommerce sellers, inducing a demand-supply constraint in working capital loans to online sellers, according to multiple players, executives and industry watchers.

    Tata Group evaluates M&A opportunities to scale up Ecommerce play

    People familiar with the talks said the salt-to-information technology conglomerate has held initial discussions with online marketplace Snapdeal, publicly traded business-to-business etailer IndiaMART and egrocer BigBasket with the intention of picking up stakes and bulk up its digital presence.

    Piling inventory forces seller's hand, this sale season's discounts set to touch levels not seen in years

    Sellers have not been able to clear stocks. High inventory levels and the willingness of sellers to dump stocks to free up working capital could drive down prices on ecommerce platforms to levels before the heydays of the ecommerce market’s growth in India in 2015 and 2016.

    Battle of the billionaires: Bezos, Ambani gun for India retail supremacy

    The outcome of a legal dispute which has embroiled the billionaires' and Reliance Industries Ltd empires - where a court ruling is imminent - may shape India's retail landscape for years to come.

    Amazon, Flipkart pad up for T20 sale beginning tomorrow before festive test

    Amazon’s two-day sale will be its first large promotional event since the easing of the lockdown. Flipkart’s four-day event will focus on electronics, appliances and fashion.

    Flipkart starts hyperlocal service 'Flipkart Quick', to expand to 6 cities by year-end

    Flipkart said its hyperlocal service, dubbed Flipkart Quick, will also sell mobile phones and stationery items, taking it a step further than existing quick-delivery services which mainly offer just groceries. Flipkart Quick will debut in select locations in Bengaluru, the company said, without specifying a launch date.

    Flipkart won the first week of online sales: Report

    The combined sales on Flipkart Group and Amazon accounted for more than 90% of the ecommerce industry's gross sales of around Rs 29,000 crore during October 16-21.

    Big Billion Days to create 70,000 seasonal jobs this festive season: Flipkart

    The Bengaluru-based company said while direct job opportunities will be created across Flipkart's supply chain, including roles like delivery executives, pickers, packers and sorters, there will also be additional indirect jobs created at Flipkart's seller partner locations and kiranas.

    Ecommerce policy: DPIIT seeks govt's views to avoid clash with other regulations

    Personal and non-personal data policies, the consumer protection Bill and various taxation policies are in the works that affect online commerce, social media and Internet companies in India.

    Reliance Retail increases advertisements four times in July-August for more visibility

    Reliance Trends and Reliance Digital including My Jio Store were the top brands advertised by the conglomerate. From ranking 162 in the list of top advertisers on TV, according to Adex data, Reliance Retail moved to the 32nd spot this year during July-August period.

    Big Saving Days Sale nets e-tailer Flipkart over Rs 2,600 crore in gross merchandise value

    After a gap of almost four months, e-commerce giants resumed online sales beginning June, addressing continued demand from customers for home essentials including electronics and appliances.

    Flipkart veteran Anil Goteti resigns as senior vice president

    Goteti started his career in 2012 as a director of the books and eBooks segment. He currently leads customer growth and monetization as senior vice president.

    WoW: E-commerce companies hire 'Women on Wheels', say they are more disciplined

    Several ecommerce and online delivery companies, including Amazon, Flipkart and Ecom Express, are hiring female delivery agents and riders as they are seen to be “more disciplined” and log far fewer leave days than their male counterparts.

    IKEA to raise Rs 5,000 crore in India via debentures, issue Rs 550 crore as first tranche

    In a registrar of companies filing, the local unit of Swedish retailer said it will issue debentures to IKEA Asia Treasury Centre Limited for Rs 550 crore as the first tranche.

    Online shopping beyond Amazon, Flipkart: Scores of brands are taking their products directly to customers

    If you thought the massive growth in online sales was limited to only Amazon and Flipkart, think again!

    Flipkart acquires gaming startup Mech Mocha

    The acquisition will also see the gaming team from Mech Mocha, which runs a vernacular social gaming platform Hello Play, joining the e-commerce major.

    Mukesh Ambani takes on Amazon in India's $200 billion market

    Reliance group’s JioMart – which only started this year and is still in the beta phase – has had delivery snafus and refund delays, and some users haven’t been shy about venting on Twitter. All that means winning big against Walmart and Amazon could take years.

    Max Fashion partners Myntra to increase distribution ahead of festive season sale

    With this partnership, Max will have a wider market access for its garments and accessories and Myntra will target the sweet spot for value-conscious customers across tiers to strengthen its position in the online fashion ecosystem.

    Flipkart acquires AR firm Scapic to boost user experience

    Scapic's no-code platform helps create immersive experiences across categories such as fashion, furniture & electronics. It enables the creation and publishing of AR and 3D content.

    Future urges HC to stop Amazon from 'derailing' Reliance deal

    The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open. The order was passed after hearing day-long arguments on behalf of FRL, FCPL, Reliance and part arguments by Amazon. The arguments on behalf of Amazon will continue on Wednesday. .

    Flipkart rolls out 'dark stores' for deliveries as it takes on Reliance's JioMart

    Last week, Flipkart announced the launch of its hyperlocal services called ‘Flipkart Quick’ in various parts of Bengaluru, where consumers can book a two-hour delivery of about 2,000 products like grocery, fresh items and smartphones, among other electronic items.

    Amazon, Flipkart expect big jump in festive sales; ask sellers to place large orders with brands

    Five executives aware of the business projections said the two companies expect consumers will increasingly do their festive-season shopping online due to the pandemic, a trend evident in the success of recently concluded promotions earlier in the month.

    Fashion brand Mango to expand offline presence this festive quarter with Myntra

    Daniel López, director of expansion and franchises of Mango, said, “Myntra is an ideal partner since it has the capacity and the expertise to develop an omnichannel strategy in India, one of the markets with the greatest potential in the world.”

    54% rise in number of transcating sellers during Independence Day sale: Flipkart

    Flipkart held an 'Independence Day Sale' from August 6-10, where sellers on the platform witnessed significant business growth. About 8,000 newly onboarded sellers participated in their first sale event and over 450 of them became 'lakhpatis' over these five days, Flipkart said in a statement.

    After Jio juggernaut, Reliance Future-proofs retail arm to woo potential investors

    The acquisition of Future Group's 2,000 retail stores and Big Bazaar grocery chain will help Reliance, which sells everything from groceries to electronics through 11,000-plus stores, to broaden its extensive reach across the country.

    Amazon commence essentials & grocery delivery in Kolkata

    "With this expansion of Amazon Fresh, the company now has more than 25 such Amazon Fresh centres, with a three-fold increase in processing space," company officials said.

    Alia Bhatt goes the 'atmanirbhar' way, launches sustainable kidswear brand Ed-a-Mamma

    Last month, the actress made a personal investment in Nykaa.

    Now, Flipkart signs MoU with Assam government to promote local art, craft and handlooms

    According to the state government, the partnership with the Industries and Commerce Department under the ‘Flipkart Samarth’ programme will enable national market access for Assam’s artisans, weavers, and craftsmen, allowing them to showcase their hallmark products on Flipkart’s marketplace.

    E-tailers poised to clock $7 bn festive month sales in 2020: RedSeer

    Festive sales are expected to almost double this year and touch USD 7 billion in gross merchandise value (GMV) as compared to USD 3.8 billion in the same period last year, according to a report by research firm RedSeer.

    First-time buyers from small towns may help etailers bag big gains this festive season

    ​​The season will be dominated by a fight for market share among three big online platforms — Amazon, Walmart-owned Flipkart and new entrant Reliance JioMart. Also expected to gain from the boom in online buying are e-grocers BigBasket and Grofers, furniture etailers such as Pepperfry, beauty and grooming platform Nykaa, and baby care platform FirstCry.

    Consumer electronics makes roaring comeback, Diwali business sees major milestones all around

    Five industry executives said these companies increased sales by up to 30% during the entire festive season — covering Onam, Navratri, Durga Puja, Dussehra, Karva Chauth, Dhanteras, Diwali and Bhai Dooj — over the same period last year.

    Flipkart, Amazon race to bag stake in Aditya Birla Fashion and Retail

    Flipkart may have the edge; move may bring in ecomm firm as strategic partner

    Flipkart partners Paytm for festive sale

    Flipkart will host its annual 'The Big Billion Days' sale from October 16-21, while Myntra will hold its 'Big Fashion Festival' between October 16-22.

    Longest online festive sales likely this year, groceries to kick off Diwali battle

    To take on Reliance JioMart, Flipkart, Amazon and others starting big sales early this year. These platforms are looking at the last week of September to begin the special festive sales, which will continue all the way till Diwali in the second week of November, brands told ET.

    Alibaba has no role in Snapdeal’s governance, operations: Kunal Bahl

    ​Certain practices are not in the right spirit of the law, which always create a distorted picture of competition; that is a non-ideal situation for us.

    To fight Amazon and Reliance JioMart, Flipkart wholesale will pick up Walmart’s best price

    Walmart has long been scouting for a viable and competitive business model for the Best Price brand, which consists of 28 stores and ecommerce operations.

    E-commerce giants look to join hands with local retailers ahead of festive season

    For the retailers, such partnerships with e-commerce is helping to liquidate inventory considering shopping has majorly moved to e-commerce post Covid, they said.

    Chemist body AIOCD writes to Jeff Bezos, says e-pharmacies are 'illegal'

    The All India Organisation of Chemists and Druggists (AIOCD), which claims to represent 8.5 lakh chemists, on August 14 wrote to Bezos and his India CEO Amit Agarwal saying the online pharmacy space "has been marred by extreme controversies, court cases, and legal issues in last few years."

    Sellers from tier II towns and beyond see jump in orders in Flipkart, Amazon festive sale

    The festive season sees Amazon India and Flipkart compete head on and roll out a number of offers and schemes to woo customers to shop on their platforms.

    Returning to pre-COVID times: Gen-Z, millennials turn big spenders during festivities

    While 74% transactions took place digitally, a mere 26% happened offline.

    Flipkart gross merchandise value (GMV) exceeds pre-Covid-19 level: Walmart

    According to the company, its net sales and operating results were "significantly affected" by a continuation of the global health crisis. However, increased demand for products across multiple categories led to strong top-line and gross margin results, it added.

    Govt raps Amazon, Flipkart over Country of Origin details

    Sends notices asking companies to explain in 15 days why they shouldn't face action over missing information

    Flipkart makes strategic investment in fashion brand Universal Sportsbiz

    The investment in USPL comes within a fortnight of Flipkart acquiring a 7.8% stake in Aditya Birla Fashion & Retail (ABFRL).

    Online channels accounted for 43% of Indian smartphone sales in Q2, says Counterpoint

    The increase in online channels share is due to a shift in consumer behaviour, who are now preferring contact-less shopping experience and practicing social distancing, according to the Counterpoint report.

    Smartphone demand slumps 20-25% since Diwali

    Market Intelligence firm Counterpoint is estimating a 20-25% drop in November and further decline in December. Month-on-month sales is usually down straight after Diwali, but the downside this year could be sharper given that peak demand in the lead up to the festival was the highest ever, analysts say.

    E-commerce firm Flipkart buys Walmart's India wholesale business

    Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal. Financial terms for the deal were not disclosed.

    Flipkart signs pact with IIT-Patna for joint research in artificial intelligence, machine learning

    As part of the MoU, IIT-Patna will undertake a number of programmes such as joint research activities, writing research papers, organising seminars and internship/mentorship opportunities, according to a statement.

    Pandemic has brought in a much-awaited shift in how brands sell their products

    W for Woman, Benetton, Pepe, Jack & Jones, Inglot among dozens of other labels are currently either piloting or upgrading their technologies to bring their store inventories on those e-commerce platforms, companies and sources said.

    Amazon faces new antitrust challenge from Indian online sellers: Report

    The case presents a new regulatory challenge for Amazon in India, where it has committed $6.5 billion in investment but is battling a complex regulatory environment. The group alleges that Amazon India's wholesale arm buys goods in bulk from manufacturers and sells them at a loss to sellers such as Cloudtail.

    Xiaomi clocks 8.3% growth during festive season, sells over 13 million devices in India

    Newly-launched products like Mi Watch Revolve and Mi Smart Speaker were amongst the top favourites for consumers, while Mi Box 4k and Mi TV Stick continued to be the top selling streaming devices across Amazon and Flipkart, the company said in a statement.

    In fight with Amazon, Future Retail sees liquidation if Reliance deal fails

    Over the weekend, Amazon won an injunction from a Singapore arbitrator to halt FRL's deal to sell assets to Reliance. Amazon alleged FRL had breached certain contract provisions it entered into last year in a separate deal with the American firm.

    Tata Group getting huge digital makeover in ambitious ecommerce push to take on Amazon, Reliance

    The Mumbai-based group is stepping up efforts to have a significant presence online. Reliance just finished raising more than $20 billion from investors, including Facebook Inc. and Google, for its digital services platform, while Amazon founder Jeff Bezos has bet $6.5 billion on growth in the world’s second-most populous country.

    Flipkart, Walmart deliver $30 million more to Ninjacart

    Flipkart, which has been a laggard in the grocery segment compared to its main rival Amazon, is using Ninjacart's supply of fresh produce to power its online grocery service Supermart and hyperlocal delivery service Flipkart Quick.

    In times of social distancing, most Indians stay away from cash purchases this Diwali

    At leading brick-and-mortar retail chains including Reliance Retail, Tata-owned Croma, Vijay Sales and Sangeetha Mobiles, too, debit and credit cards, wallets, UPI and consumer finance together have become the choice for payment by consumers.

    ABFRL sheds 4% on alleged FDI violation in Flipkart deal

    The Confederation of All India Traders (CAIT) wrote to Commerce Minister Piyush Goyal in this regard urging him to prohibit ABFRL from directly or indirectly selling its inventory on the marketplace platforms owned/controlled by the Flipkart Group.

    Amazon CEO Jeff Bezos unsure on seller data's use, sparks concerns in India

    Amazon founder and CEO Jeff Bezos can't "guarantee" if the e-tailer has not used third-party seller data to aid its private label business, even though it has a policy against the practice, he said at a US Congressional hearing on Wednesday.

    Spending has rebounded with shoppers switching to online: Flipkart CEO

    Flipkart is exploring partnerships with modern retail brands if they have complementary capabilities, said Krishnamurthy

    India retail war: A lot at stake in Amazon-Reliance fight over Future

    For the world’s most valuable retailer Amazon, it is important that it drags Future Group to court for breaching an international contract so that it does not set a precedent which could be used against it in other countries, said two persons aware of the developmen

    Urban Ladder investors get only partial returns from Reliance Retail deal

    Reliance Retail acquires 96% equity in online furniture retailer for Rs 182 crore in ‘distress’ sale

    Flipkart Group takes massive lead over Amazon in first week of the online festive sale

    Walmart’s Indian ecommerce unit Flipkart Group is estimated to have posted a little over double the sales of closest rival Amazon in the first week of the ongoing festive period claimed a report by market tracker RedSeer Consulting."We cannot comment on speculative reports without transparent methodology," an Amazon India spokesperson said in an emailed response to ET’s request for comment on the report’s findings. Flipkart did not respond until press time Monday.Flipkart Group takes massive lead over Amazon in first week of the online festive sale

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