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Flipkart announces more benefits for 6 lakh people under Samarth

Flipkart on Friday announced more benefits for over 6 lakh sellers who are artisans, weavers, craftsmen and owners of other small and medium enterprises (MSMEs) from the underserved communities in the country. Earlier, the Samarth sellers enjoyed a commission waiver...

Lockdown gave boost to sustainable biz, pushed closer towards profits: Grofers

Softbank-backed Grofers on Tuesday said the lockdown period has given its business a boost towards sustainability and helped it move closer to hitting profits by the end of next year. According to a PTI report: The online grocery platform, which...

Flipkart starts hyperlocal service 'Flipkart Quick', to expand to 6 cities by year-end

Walmart-owned Flipkart on Tuesday announced the launch of its hyperlocal delivery service 'Flipkart Quick' that will enable customers to receive grocery, fresh vegetables, meat and mobile phones in 90 minutes. “The service will be available in select locations in Bengaluru...

Flipkart acquires Walmart India, to launch Flipkart Wholesale for B2B segment in Aug

Flipkart on Thursday announced the acquisition of Walmart India for an undisclosed amount, and said it will launch 'Flipkart Wholesale' next month, as the homegrown e-commerce major looks to tap into the US$ 650 billion B2B retail market in...

COVID-19 Impact: Retailers focus on digital platform

It is said that the change is only constant and more often than not inevitable for those who want to remain relevant. For the world of business this paraphrase has been more evident and tangibly felt in last couple...

Arvind Lifestyle Brands receives Rs 260 crore from Flipkart for minority stake in group firm

Arvind Fashions (AFL) on Tuesday said its subsidiary Arvind Lifestyle Brands has received Rs 260 crore from Flipkart India to pick a minority stake in another group firm Arvind Youth Brands. Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary...

Walmart-led investors pump in US$ 1.2 bn in Flipkart Group

A Walmart-led investor group on Tuesday pumped in an additional US$ 1.2 billion into the e-commerce platform Flipkart Group to support its marketplace in the wake of the ongoing COVID-19 pandemic. With the new investment, Flipkart group is now valued...

Flipkart's 2GUD makes foray into social commerce

Walmart-owned Flipkart on Wednesday announced the launch of social commerce on its 2GUD platform. Consumers on 2GUD's social commerce platform will be exposed to a feed of videos made by a hand-picked influencer network across various topics and categories,...

Flipkart Group invests Rs 260 crore in Arvind Fashions' arm

Flipkart Group on Thursday announced it has invested Rs 260 crore to purchase a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions (AFL). Arvind Youth Brands owns the popular Flying Machine denim brand that has been...

Flipkart, Amazon among e-commerce players asked to indicate country of origin on products

Consensus is building within the government that e-commerce players like Flipkart, Amazon will have to indicate the country of origin of the product on their merchandise. DPIIT under the Ministry of Commerce and Industry is likely to tell e-commerce companies...
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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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