Tag: e-commerce

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…]

Jack Ma to step down from Alibaba

Chinese billionaire Jack Ma to step down from Alibaba

Jack Ma, Alibaba’s co-founder and executive chairman, has said that he plans to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company. In an exclusive New York Times interview, the Chinese billionaire said on Friday that his retirement was not the end of an era[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…]

Now you can pay your ‘Traffic Challan’ via Paytm

PM Modi’s Digital India dreams escalated more quickly than we had anticipated. Now, you can pay your ‘Traffic Challan’ via the popular electronic payment and e-commerce, Paytm! The company has launched this service only in selected cities, namely – Mumbai, Pune and Vijayawada, however, it promises to expand its boundaries[Read More…]

Flipkart appoints Kalyan Krishnamurthy as new CEO

India’s top e-commerce firm Flipkart on Monday appointed Kalyan Krishnamurthy as its new CEO, replacing co-founders Binny Bansal. Bansal has been given the position of Group CEO. Krishnamurthy associated with Flipkart in June 2016. He was intensely involved in the company’s revamping process. This was Krishnamurthy’s second shift with the[Read More…]

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