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Govt’s logistics division starts formulating national packaging initiative

The logistics division, under the Commerce Ministry, has started an exercise to formulate a national packaging initiative, which will be part of the proposed logistics policy. The ministry on Wednesday said that a stakeholder consultation was organised to define the scope and the national packaging initiative...

Make in India is going to go global at massive scale: Amazon India head

E-commerce will play an important role in the government's vision of 'Atmanirbhar Bharat' (self-reliant India) as more homegrown brands scale up and go global, leveraging digital infrastructure, a top Amazon India executive said on Wednesday. Amit Agarwal, global senior vice president and...

Indian e-commerce will reach $90-100 billion in 3-4 years: Flipkart CEO, Kalyan Krishnamurthy

The pandemic has brought in a shift in consumer behaviour, providing a major fillip to the Indian e-commerce industry that is now poised to touch USD 90-100 billion in the next 3-4 years, Flipkart Group CEO Kalyan Krishnamurthy said on Wednesday. Krishnamurthy said while challenges brought in...

CCI gives an okay to Flipkart-Aditya Birla Fashion

Competition Commission of India (CCI) on Wednesday said it has approved the acquisition of 7.8 per cent minority stake in Aditya Birla Fashion by Flipkart Investments Private Ltd (FIPL). Aditya Birla Fashion had in October last year approved plans to raise Rs 1,500 crore...

Kiranas, MSMEs hop onto e-commerce bandwagon with Flipkart Wholesale app, Best Price cash-and-carry stores

Over a million small retailers in the country and hundreds of MSMEs continued to repose their faith on online platforms and digitisation as the entire retail ecosystem opts for e-commerce as a mode of doing business during the challenging...

Zomato worst digital workplace in India: Fairwork Survey

According to a survey by Fairwork India Ratings, Zomato, along with rival platform Swiggy and cab-hailing app Uber, were ranked the worst performing digital platforms this year, scoring only 1 out of 10 points. The report examined working conditions...

Walmart commits to export $10 bn India-made goods each year by 2027

Walmart on Thursday announced that it will triple its exports of goods from India to $10 billion each year by 2027. In a statement, Walmart said that its new export commitment is expected to provide a significant boost to micro,...

Walmart prepares for $10bn Flipkart IPO early next year

The retailing giant Walmart has reportedly picked up the leading global investment bank and financial services company Goldman Sachs to raise nearly $10 billion via an initial share sale of its Flipkart unit. According to informed sources, Walmart is planning...

Flipkart launches '2GUD Local' to digitise offline retailers

Flipkart's independent value-driven platform, 2GUD on Friday launched 2GUD Local to connect popular offline retailers scattered across the country with online shoppers. The new format aims to enable local stores - single brand or multi-brand stores and other shopping destinations...

Flipkart to boost user experience using AR

In a bid to offer more immersive experiences to its consumers, Flipkart Group on Tuesday announced the acquisition of Bengaluru-based Augmented Reality (AR) company Scapic for an undisclosed sum. Scapic is a Cloud-based platform which enables creation and publishing 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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