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Flipkart's eKart to handle delivery for Paytm

Flipkart plans to open up its logistics services arm to third-party merchants and in this regard, has joined hands with Paytm to deliver goods through eKart, its logistics arm. This move is expected to establish eKart as an independent business while reducing...

Mukesh Bansal backs fitness venture Cult

As Mukesh Bansal, the former head of Flipkart's e-commerce platform and Myntra's co-founder, looks to track the theme of fitness, he has decided to invest an undisclosed amount in fitness startup Cult. Bengaluru-based Cult is focused on training programmes...

Flipkart grasp half of India’s smartphone purchases

Counterpoint Research - the independent market research and consulting firm says that India has the second largest smartphone market in the world. With entry of e-commerce platforms like Flipkart, Snapdeal, Amazon, PayTM etc, the country has reduced the barriers...

Manish Maheshwari to be the new CEO of Web18

Manish Maheshwari will be joining as chief executive officer of Web 18. He has recently resigned from his duties and responsibilities as head of seller marketplace and ecosystem at Flipkart. In his new role, Maheshwari will head Network18's digital and...

Traders to protest against FDI in e-commerce

Traders from across the country have not welcomed the Government's decision to allow 100 per cent FDI in B2C online market and have decided to stage a protest against it. Around 10,000 trade organisations from across the country are...

Flipkart acquires payments venture PhonePe

The e-commerce site Flipkart has bought mobile payments venture PhonePe. However, the value of transaction is yet to be ascertained. PhonePe was started in December last by former Flipkart employees, Sameer Nigam and Rahul Chari. At present, there are 15...

E-commerce clarity may pave smooth path for Alibaba

The new rules on foreign direct investment in online marketplaces could accelerate the entry of overseas firms such as China's Alibaba Group, both as investors and retailers, and potentially alter India's e-commerce landscape given their deep pockets. According to a...

FDI in e-comm: End of pseudo marketplace models, say experts

While the new policy for foreign direct investment (FDI) in the fast-growing e-commerce sector has been welcomed by several lobby groups and offline retailers, experts note that a few implications of the new guidelines could leave some online players...

E-shopping sites can’t favour single sellers: Govt

Flipkart and Amazon will now have to cut down the dominance of certain products on their portal. As per the Government's injunction, no vendor or company will be allowed to account more than 25 per cent of its overall...

No more discounts: India's e-tailers run into losses

The e-commerce revolution hit India hard and fast. The easy availability of the Internet and the world of e-tailers changed the way the great Indian middle class shopped. The online deals were great, the stuff e-commerce firms were selling was as good...
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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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