DPIIT asks Amazon, Flipkart to disclose names of top 5 sellers, capital structure, inventory details
The DPIIT has asked the cos to share their capital structure, biz model & inventory management system.
CAIT demands high-level enquiry by govt to probe 'unholy nexus' of e-commerce companies, banks
Allegations of price distortion were long bein...
Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal
Piyush Goyal said e-commerce companies have no right to offer discounts or adop...
IIT-Delhi targets Rs 200 cr at fund launch
IIT Delhi sets its sight on a Rs 200-crore endowment fund from its glorious genus of alumni including founders and co-founders of various companies namely Flipkart, Zomato, PolicyBazaar et al. Pledges of more than Rs 125 crore are already in place.
Unusual Insurance: How startups are changing the insurance game
A number of tech startups are selling micro insurance covers — for broken spectacles and a missed flight.
CAIT, CCI discuss 'unethical competition' by e-commerce firms
According to CAIT Secretary General Praveen Khandelwal around 40,000 mobile shops are on the verge of closure by Diwali due to unethical practices of Amazon and Flipkart. A CAIT delegation also met CCI Chairman to apprise him of the situation.
Flipkart to start selling food through FarmerMart
In India, consumers spend about $500 bn on groceries annually. FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally. Sales will initially be online, although the company can also sell through physical stores.
Flipkart adds original content to video service
"Flipkart Video Originals will make available bespoke snackable content that is both mobile-first and interactive in nature," Flipkart said in a release.
Flipkart to foray into food retail with new entity
The entity is set to apply for a food retail license and has received board approval for the same during last month’s board meeting held in Singapore.
Jeyandran Venugopal is Flipkart’s tech chief
A technology veteran, Venugopal, was earlier a senior vice-president of engineering and product at the online retail firm.
Walmart plans to spin off PhonePe from Flipkart
The proposed demerger will coincide with PhonePe's ongoing fund raising plan of about a billion dollar through primary and secondary sale of shares.
$30 billion of proof that India's tech scene is back
Walmart is mulling to demerge PhonePe —the payment system and digital wallet company of Flipkart - so that its ownership will be vested directly with the US retail behemoth, offering some hope for the country’s long-awaited tech renaissance.
CAIT alleges violation of FDI policy by Flipkart, Amazon; companies reject
CAIT Secretary General Praveen Khandelwal said both the portals denied all charges and stated that they comply with the policy in its letter and spirit.
Amazon, Flipkart generate Rs 19,000 cr in festive sales, Flipkart takes lead
Walmart-owned Flipkart surpassed the Amazon’s GMV share this year holding a 60-62% standalone GMV share during the festive sales and 63% share if other entities are included (Myntra and Jabong),
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