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400 e-tailers team up with postal dept for delivery

More than 400 e-commerce companies are leveraging the extensive reach of the Department of Posts (DoP) in an effort to deliver their consignments at every nook and corner of the country. "The Department has tied up with more than 400...

After talks with Amazon fail, Flipkart courts Alibaba

Amazon was in talks to buy Flipkart as recently as last year. According to a report in The Economic Times, Amazon had engaged Flipkart in the last quarter of 2015, but talks broke down on the matter of valuation. Amazon...

Myntra to launch size chart to reduce returns

Flipkart's fashion arm Myntra has what every other online clothing store does – a global size chart. However, the chart has become the cause of a literal logistics nightmare for the company. Customers find global measurements confusing and are returning...

After Uttarakhand, Bihar and Assam tax e-comm goods

After Uttarakhand decided to impose a 10 per cent entry tax on goods purchased through e-commerce, Bihar and Assam have followed suit. The entry tax is imposed by states on goods purchased online, coming in from another state. Almost half-a-dozen other...

Amazon India applies for e-wallet licence

Amazon India has applied for a semi-closed wallet licence with the RBI to build its presence in the payment space. It is expected that a Central Bank Committee will review the application next month. And soon after the approval,...

Snapdeal signs deal to sell Michelin tyres

E-commerce major, Snapdeal has signed a deal with French tyre major Michelin to sell its products on it portal. Michelin opted for Snapdeal because of its large subscriber base and pan India reach. Michelin is expecting the new channel will...

Paytm borrows Rs 300 crore from ICICI Bank

Venture capital funding and angel investors are fast drying up, and e-commerce majors are scuttling for money to fund their day-to-day operations. Companies like Flipkart and Paytm are now turning towards banks for capital loans. Noida-based mcommerce platform, Paytm, has...

Flipkart sues Uttarakhand for taxing e-buyers

Flipkart has sued the state of Uttarakhand for its decision to impose a 10 per cent entry tax on goods purchased through ecommerce. Calling the levy "discriminatory", the ecommerce giant has filed the writ through its in-house logistics arm...

Snapdeal to hike salaries of top performers

As a part of e-commerce major, Snapdeal's efforts to become a meritocracy-led organisation, it will be rolling out annual salary hike of 20 per cent and more and ESOPs for its top performers. However, the quantum of ESOPs is...

Future Group to target e-comm giants in series of ads

India's brick-and-mortar giant Future Group is taking major e-commerce rivals head on. Future Group Founder, Kishore Biyani has decided to target Flipkart, Snapdeal and Amazon in a series of ads and he's not mincing his words. The ads will be...
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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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