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E-commerce can boost consumption, expect strong demand from small towns, cities: Flipkart

Walmart-owned Flipkart on Monday said it does not see its sellers or consumers tightening their purse strings during the festive season ahead and expressed confidence in clocking strong sales this year with demand being driven by Tier II and...

Walmart to roll out Delivery Unlimited to more than 1,400 stores across the US

Walmart has plans to expand the reach of Delivery Unlimited – a grocery delivery membership option for customers – to 1,400 stores later this fall. The program gives customers the option to pay a yearly US $98 fee or...

Artificial Intelligence, CCTVs help international retailers in loss prevention

Unlike in India, in the US and UK and other global destinations, a customer is not required to submit his handbag / shopping bag at the entrance. It would be unimaginable for any store in the UK to go...

Tiger Fund increases equity stake in Flipkart

The US-based hedge fund, Tiger Fund, increased its equity holding in India's leading etailer Flipkart by buying 54,596 shares of its co-founder Binny Bansal for an estimated US $14.5 million (Rs 104 crore), business intelligence platform Paper.vc said on...

Amazon to expand its largest India Fulfilment Centre

E-commerce giant Amazon.in on Thursday said it has signed a lease with GMR Hyderabad Airport City to expand its largest Fulfilment Centre (FC) in the country. The existing warehouse is spread across 4 lakh sq ft and will now be...

Grofers to deploy 500 e-vans in fleet by Dec-end

Online grocery retailer Grofers on Monday said it plans to deploy about 500 electric vans to its last mile-delivery fleet as part of its sustainability efforts. The SoftBank-backed company had started a pilot with about 50 e-vans last year...

Instagram threatening Amazon with its e-trade plans

The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends...

IPO in long-term strategy, currently focused on e-commerce growth in India: Flipkart

An initial public offering (IPO) is part of Flipkart's ambition and long-term strategy, but the Walmart-owned company is currently focused on getting 200-300 million new Indians into the e-commerce fold. According to a PTI report: The statement comes amid reports...

Flipkart co-founder sells part stake to Walmart for Rs 531 cr

Binny Bansal, the Co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at US $76 million (Rs 531 crore) to world's retail giant Walmart's Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc...

Robots sort out thousands of Flipkart parcels in a jiffy

As India's leading e-tailer, Flipkart uses about 100 robots to sort out parcels automatically in thousands daily to minimize delays in delivering what customers buy online on its website, an official said on Tuesday. "To speed up delivery, we are...
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The Luxottica report card for 2022

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