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Kunal Bahl

Retrenchment in e-commerce industry not unique to India: Nirmala

Commerce and Industry Minister Nirmala Sitharaman has said corporate downsizing and retrenchment in the country's e-commerce industry were not unique phenomena happening in India but were occurring globally. The minister's comments came a day after major layoffs were announced by...

Snapdeal founders to take 100 pc pay cut, firm commences layoffs

E-commerce major Snapdeal on Wednesday reported that its founders have agreed to take a 100 per cent pay cut, even as the firm initiated a process to rationalise a part of its workforce to make the company profitable in...

FreeCharge CEO Govind Rajan quits; Jason Kothari to take charge of biz ops

Freecharge CEO Govind Rajan has resigned within a year of taking charge at the Snapdeal subsidiary. Going forward Jason Kothari will oversee the business operations of FreeCharge as part of his overall responsibilities of portfolio management as the Chief Strategy...

GST's tax collection at source will hurt sellers: E-commerce players

Admitting that the proposed Goods and Services Tax (GST) is a key reform which will simplify the tax compliance, the e-commerce players on Thursday, however, said the proposed tax collection at source will hurt lakhs of small sellers by...

Retail bigshots laud 'digital economy' Budget, but say lack of details on GST disappointing

The Union Budget 2017 was presented in the Parliament by Finance Minister Arun Jaitley on February 1. While the Budget is clearly strong on macro-economic intent - as is evident from the FM’s focus on agricultural growth, rural development, up-skilling...

Snapdeal to focus on economics and customer experience in 2017

E-commerce major Snapdeal is geared up to push the pedal on growth by focussing on economics and customer experience this year, its co-founder and CEO Kunal Bahl said. According to a PTI report: Snapdeal, which is locked in an intense...

Snapdeal Trends 2016: Delhi-NCR most online shopping savvy city in India

Snapdeal, India’s largest online marketplace, on Tuesday announced its annual digital buying trends highlighting the consumer preferences and habits recorded on its platform for the year 2016. As India leapt into a digital lifestyle, the sales recorded on Snapdeal for...

Snapdeal to invest $100 million in fashion biz over one year

Snapdeal will be investing US $100 million over the next one year to give its fashion business a makeover, according to a report in The Times of India. "In the next few months, we will make some big moves in fashion....

Post demonetization, Freecharge wallet growing 12 times a day

Within the first 24 hours of the announcement of demonetization, the wallet loads of Snapdeal-owned mobile transactions platform Freecharge grew 12 times and has been increasing by the same average since then. "Within the first 24 hours, wallet loads grew...

Snapdeal's COD business marginally hit by demonetization

In the wake of demonetization of high-value currency notes, online retailer Snapdeal has recorded a 'marginal dip' in its cash-on-delivery (COD) mode of payments, a top company official said on Monday. The online retailer will also invest US$100 million in...
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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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