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Future Enterprises defaults on principal amount of Rs 126.13 cr in Sep

New Delhi: Debt-ridden Future Enterprises has defaulted on a principal amount of Rs 126.13 crore in September, which includes payment obligation of Rs 98.35 crore for NCDs and Rs 27.78 crore to banks, under a one-time restructuring (OTR) scheme. Future...

Smaaash Entertainment Pvt Ltd. appoints Shirish Kotmire as CEO

Mumbai-based Smaaash Entertainment Pvt Ltd announced the appointment of their new CEO Shirish Kotmire. Kotmire will bring together about three decades of experience in aggressive growth-oriented mature global companies as well as successful new ventures and start-ups. He is a...

Amazon unveils its first ‘Digital Kendra’ in Surat

Amazon sets up its first 'Digital Kendra' in Surat. This Thursday Amazon launched its first 'Digital Kendra' in Surat, Gujarat, as part of its commitment to digitise 10 million Indian micro, small and medium enterprises by 2025. Amazon Digital...

Twin tasks for e-commerce: Keep workforce safe, deliver on time

E-commerce companies will have to steer through the twin challenges of delivering in time the expanding number of orders from customers and keeping their workforce safe over the coming weeks even as the number of COVID cases across the country continue...

FMCG firms assure uninterrupted supply amid pandemic-induced curfew

Essential food items are fast disappearing from retail shelves, as well as e-commerce platforms with supplies getting disrupted in some parts of the country due to the recent Covid-induced restrictions. Night curfews and a weekend lockdown implemented in many cities,...

Walmart e-commerce sales to grow by 21% in 2021 to $65 billion, nearly a sixth of Amazon’s $367 billion

A massive boom in click-and-collect trends is expected to accelerate Walmart’s pandemic-driven momentum through 2021. According to the research data analyzed and published by ComprarAcciones.com, Walmart’s online sales will grow by 21.2% to $64.62 billion in 2021. Its share of US online...

Amazon moves SC against Delhi HC stay order restraining Future-Reliance deal

Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi high court order which stayed a single judge's order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business according to...

New-age open footwear startup Solethreads raises Rs 13 cr in series A funding

Solethreads, a youth-centric open footwear brand, has announced the completion of its 13 Cr Series A round of funding. The round saw participation from leading VCs DSG Consumer Partners and Saama Capital. Solethreads is an innovative, digital-first brand that...

E-commerce firms step up efforts to protect associates, ensure deliveries: Report

With night curfews and weekend lockdowns driving bigger orders for e-commerce companies, these online platforms are stepping up efforts to protect their associates, including delivery staff, and ensure safe delivery of orders to customers. According to senior executives in...

The top 3 global online marketplaces which accounted for nearly 2/3s of $2.67 tn 2020 GMV

Online marketplaces around the world enjoyed stratospheric growth in 2020. According to the research data analyzed and published by ComprarAcciones.com, the top 100 online marketplaces globally posted sales worth $2.67 trillion in 2020. Compared to 2019, that marked a 29%...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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