Walmart axes $35 delivery minimum on website purchases for membership program
Walmart Plus, touted as a rival to Amazon.com Inc's Prime subscription service, was launched just over two months ago aiming to attract new customers and make existing ones more loyal as consumers consolidate their shopping to just a few retailers due to the COVID-19 pandemic.
Amazon says sellers racked up $4.8 billion in global sales from Black Friday to Cyber Monday
More than 71,000 small- and medium-sized busines...
‘Big Brother’ Amazon targeted in fight with Mukesh Ambani over Kishore Biyani's Future
If Future is allowed to renege on its contract with Am...
Over 70,000 Indian exporters gear up for Black Friday, Cyber Monday sale through Amazon
On Black Friday last year, Indian exporters had seen a 76 per cent year-on-year growth in the total units sold and on Cyber Monday, they witnessed 55 per cent year-on-year growth in total units sold, a statement said.
Why Amazon is feuding with a partner and billionaire Mukesh Ambani
While Amazon, Future and Reliance await a verdict, the legal wrangling is threatening to unravel India’s biggest retail acquisition. But why is the world’s largest e-commerce company seeking to derail a deal that’s essentially bailing out a beleaguered retailer, whose market valuation is barely 2% of its own? Here’s what we know so far.
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.
Kohl's shares rally as Sephora to open stores at 850 Kohl's locations by 2023
Beauty products have been among the most sought-after items during the COVID-19 pandemic, alongside athleisure apparel and home improvement items, as people largely staying at home spend more on premium skincare items.
Tata Group is reportedly nearing a deal to buy BigBasket in a grocery coup
Mumbai-based Tata Group, with a combined revenue of about $113 billion and marquee brands such as Jaguar Land Rover and tea maker Tetley, is scouting for local e-commerce assets at a time when the race for Indian online shoppers is heating up.
Zoom’s revenue forecast tops estimates amid 2021 concerns
The company’s sales guidance, at the high end, estimates a 330% increase from a year earlier -- a slight decline in the year-over-year growth from the previous two quarters.
Indian government’s version of Amazon.com helps it save $1 billion
The Government e-Marketplace is also being used to keep Chinese companies away from government contracts after tensions between the neighbours intensified earlier this year amid border clashes. Suppliers must note the country of origin for any goods they sell on GeM, which helps government departments implement Modi govt’s “Make in India” policy.
Abu Dhabi's Mubadala in advanced talks to invest up to $1 billion in Reliance Retail
While one source said Mubadala "is ready with" $1 billion for Reliance Retail and doing due diligence, a second source said the talks were at an advanced stage and said the investment could be anywhere between $500 million and $1 billion.
Battle of the billionaires: Bezos, Ambani gun for India retail supremacy
The outcome of a legal dispute which has embroiled the billionaires' Amazon.com and Reliance Industries Ltd empires - where a court ruling is imminent - may shape India's retail landscape for years to come.
Future Retail says Amazon dispute order not binding on company
Amazon on October 25 won an injunction from the arbitrator to halt Future Retail's deal to sell its retail assets to Reliance Industries for $3.4 billion
GlobalLogic acquires UK-based ECS Group
Under the agreement, ECS will continue to operate with its existing leadership and staff as a wholly-owned subsidiary of GlobalLogic
Amazon India’s Manish Tiwary to get a bigger role, to head seller services
“Gopal Pillai, vice-president, seller services, who relocated to India from Seattle in 2015 will be returning to the US ... Manish Tiwary, vice-president of consumer business, will take over Gopal’s responsibilities,” a company spokesperson said.