MoUs signed with Amazon, Flipkart to provide global market access to MSMEs
Dr Guruprasad Mohapatra, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said that MSME sector is the backbone of the Punjab industry and accounts for nearly 60% of the total output.
Flipkart leads $60 million round in logistics startup Shadowfax
The companies did not disclose the transaction value, but sources briefed on ...
Flipkart, Government of Punjab come together to create opportunities for MSMEs
Punjab is home to over 1.6 lakh MSMEs, which are crucial drive...
Qualcomm working with Jio, Flipkart, Amazon to develop 5G use cases for India
Qualcomm’s plans to be a 5G ecosystem enabler in India and participate in the development of country-specific 5G use cases comes at a time when sections in the government and also among India’s older telcos have often maintained that globally popular 5G use cases such as automated cars to robotics surgery won’t work in the India context.
Flipkart parent infuses Rs 2,839 crore in wholesale arm
This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore. The investment comes at a time when the ecommerce giant is preparing for its last sale of the season — Big Shopping Days.
CAIT seeks action against Flipkart, Amazon for FDI norms violation
The Confederation of All India Traders (CAIT) claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business. "These companies can easily be termed as economic terrorists and a major roadblock in making India a USD 5 trillion economy vision of PM Modi," the CAIT said.
Grofers loss widens to Rs 448 cr in FY19, co says on track to double GMV to Rs 5k cr in FY20
Grofers, which competes with the likes of BigBasket as well as grocery verticals of e-commerce majors such as Flipkart and Amazon, saw its total income grow by over 56 per cent to Rs 83.62 crore in 2018-19 from Rs 53.47 crore in the previous financial year.
Late-stage Indian startups bulk up its boards with independent hands
Oyo, Ola, Freshworks, Flipkart and Paytm are mong leading home-grown tech ventures that have brought in industry veterans to address compliance and governance issues.
ET Awards 2019: Raspberry sorbet, kebab platter at the table; Goyal-Bajaj moment, Ola-Oyo bosses bond over Ladakh, dogs
There was a lot more on the plate - and on the minds - of the VIPs over dinner on a night of accolades.
Amazon and Walmart face the ire of 70 million Indian shopkeepers
Shopkeepers are mobilising against the e-comm giants, alleging they are engaged in predatory pricing.
View: SBI's card unit's IPO reflects the Mukesh Ambani factor
SBI Cards IPO could have boundless prospects, or become a victim of arrested development.
No predatory pricing, foreign e-tailers have to follow Indian law: Piyush Goyal at ET Awards 2019
Speaking at the 2019 ET Awards, Commerce Minister Piyush Goyal says foreign e-commerce companies cannot exercise predatory pricing just beca...
Accel raises $550 million sixth India fund
One of the most prominent VC firms in Silicon Valley, Accel said it will continue to scout for early-stage deals across consumer internet, enterprise, financial services, healthcare, and Software as a Services (SaaS) startups. The Bengaluru-based Accel India’s $450 million fund saw 70% of its investments in the range of $2 million or less.
ET Awards 2019: Swiggy boss impressed with Bandhan Bank’s tale of disruption, calls it inspiring
Wipro's Rishad Premji thought that E Sreedharan’s story was the most-inspiring one.
CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart
The Confederation of All India Traders (CAIT) wrote to the finance minister alleging that e-commerce companies, including Amazon and Flipkart, were selling various products on their platforms at a price much lower than fair market value. It also said that their act is in utter disregard of the provisions of FDI policy and causing tax loss.
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