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Instagram threatening Amazon with its e-trade plans

The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Flipkart unveils Indian version of eBay for refurbished goods

Retail giant Walmart-owned leading e-tailer Flipkart on Wednesday unveiled a dedicated portal '2GUD' for refurbished goods, including mobile phones, laptops and tablets, a week after shutting its eBay India operations. "The independent platform '2GUD' aims to bring affordability, accessibility and...

Flipkart to shut eBay in India, launch new platform for refurbished goods

E-commerce major Flipkart will shut down eBay.in next month and launch a new platform for refurbished goods as it attempts to tap into a large market segment that is predominantly unorganised. According to a PTI report: Last year, Flipkart had...

eBay to sell stake in Flipkart for about US $1.1 billion; to relaunch eBay India

US-based eBay today said it plans to sell its stake in Flipkart for about US $1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity. The statement by eBay came after Walmart Inc announced that it...

Indian e-commerce market sees M&A deals worth US $2.1 bn in 2017

As much as US $2.1 billion worth of M&A (merger and acquisition) transactions were inked in 2017 in the booming Indian e-commerce industry, which may soon witness its largest-ever deal - the proposed Flipkart-Walmart nuptial. According to a PTI report:...

Australian retailers prepare for battle with Amazon

Major Australian retailers have come out fighting as American e-commerce giant Amazon prepares to launch its operations in the country. Woolworths, whose main operations include supermarkets, liquor retailing and discount department stores, has said it will step up its own...

Bridging the gap: E-commerce platforms pave way for SMEs to sell products

Aiming to ease hurdles faced by small sellers to showcase products online, many e-commerce platforms are offering incentives to bridge the gap by removing intermediaries and delivering products from the small and medium enterprises (SMEs) to consumers. The country's customer-to-customer...

Flipkart launches Flipkart Global to enable sellers to export globally

Flipkart, India’s largest e-commerce marketplace, has announced the roll-out of ‘Flipkart Global’, a program that will provide its 1,00,000 plus sellers with an opportunity to export their products to buyers across 190+ countries. The unique offering, which leverages the...

Dollar Bigboss eyes rural expansion, targets Rs 1000 crore turnover

Hosiery major Dollar Industries Limited, which registered a turnover of Rs 906 crore for the FY 2016-17 and is eyeing Rs 1000 crore this year, has come up with a new product – trendy trunks that are made of...
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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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