Tag: Flipkart

IIM Calcutta achieves 100% placement

IIM Calcutta achieves 100% placement

Kolkata: IIM Calcutta, one of the premier B-Schools of the country, has achieved 100 per cent placement on the first day, a statement from the institute said here. In all, 123 companies from diverse sectors participated in the placement process for the 54th batch of the institute’s flagship Post-Graduate Programme[Read More…]

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

New Delhi: Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report by[Read More…]

Centre tightens e-commerce norms to protect offline stores

New Delhi: The government on Wednesday tightened e-commerce norms and barred online retail firms like Amazon and Flipkart from selling products of companies in which they have stakes, Ministry of Commerce and Industry said in a statement. The online retail firms (e-commerce marketplace entity) are also prohibited from mandating any[Read More…]

Flipkart's Jabong may lay off 50 percent employees

Flipkart’s Jabong may lay off 50 per cent employees

Nothing seems to have been going right for the Walmart acquired multi-billion Dollar e-commerce giant Flipkart. Soon after Binny Bansal stepped down from his post of the chief executive over allegations of “personal misconduct”, reports have emerged that Jabong may lay off up to 50 per cent of its employees. Arecibo[Read More…]

E-commerce will be able to do deliveries using drones

E-commerce will be able to do deliveries using drones

E-commerce players like Amazon and Flipkart will be able to make airborne delivery of products to customers in India using drones enabled by technology being developed by the country’s aviation sector, a minister announced on Thursday. “E-commerce deliveries using drones are certainly going to be possible in India. Companies like[Read More…]

Flipkart Big Billion Days: Sales begin with 80% discount; Here’s top deals

Flipkart bags record investment of $2.5billion

In the largest-ever investment in an online Indian company, e-commerce giant Flipkart got an investment of $2.5 billion from a Japanese telecom and internet company. Japanese group SoftBank’s new $93bn Vision Fund has invested $2.5bn in Indian Flipkart – the biggest private investment in the company’s technology sector. The fresh[Read More…]

Flipkart makes revised offer to buy rival Snapdeal

Flipkart makes revised offer to buy rival Snapdeal

Leading e-commerce Company, Flipkart is believed to have sent a revised offer of $900-950 million that is approximately (Rs 5,466 crore) to buy a smaller rival, Snapdeal. The Bengaluru-based firm has offered to pay the said amount for buying troubled e-retailer Snapdeal’s online marketplace and Unicommerce, two people privy to the[Read More…]

Flipkart to offer Moto C Plus online from June 19

Flipkart to offer Moto C Plus online from June 19

Following its launch in India in May, Lenovo’s Moto C Plus will be available online on e-commerce site, Flipkart, from June 19. The website has just confirmed this news. The phone is available at Rs 5,999 offline. Flipkart has listed the Moto C Plus on its site and mentioned that[Read More…]

Snapdeal increases authorised capital from Rs 10 lakh to Rs 15 crore

Snapdeal in talks for a potential sale

Indian e-commerce company Snapdeal after having struggled to raised funds is in talks with Paytm-E-Commerce and Flipkart India for a potential sale as per LiveMint reports. However, the talks are still in its initial stages, Japan’s SoftBank which has invested roughly $900 million of the $2 billion or so raised by Snapdeal,[Read More…]





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