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Focussed on bringing next 200 mn Indians into e-commerce fold: Flipkart CEO

Walmart-backed Flipkart is betting big on categories like grocery, furniture and its range of private labels to bring new customers onboard its platform as well as expand its share in the user's wallet, according to CEO Kalyan Krishnamurthy. Speaking to...

Almost 45 pc of seller base from tier-II, III cities: Flipkart

E-commerce major Flipkart Tuesday said it has witnessed strong growth in its seller base this year, driven by steady increase in merchants from tier-II and III cities that now account for almost 45 percent of the total tally. According to...

After Flipkart, Walmart eyes another Indian startup that specialises in AI

Walmart Labs India, the local product development division of US retail giant Walmart, on Thursday announced it would hire key tech team from Artificial Intelligence (AI) and data analytics start-up Int.ai — its second acqui-hiring in the country within...

Flipkart rejigs leadership team, appoints Sriram Venkataraman as COO

Walmart-backed Flipkart has rejigged its senior leadership team, including appointment of Sriram Venkataraman as chief operating officer (COO). According to a PTI report: Venkataraman, who is currently the Chief Financial Officer at Flipkart, is assuming the additional role as COO,...

Walmart India appoints Sameer Aggarwal as Chief Business Officer

Walmart India on Monday announced the appointment of Sameer Aggarwal as its Chief Business Officer with immediate effect. The company said in a statement that its Chief Operating Officer Devendra Chawla has resigned "to pursue other opportunities outside Walmart India". Aggarwal...

Binny Bansal resigns as Flipkart CEO

Flipkart Group Chief Executive Officer (CEO) Binny Bansal resigned on Tuesday over an alleged 'serious personal misconduct', the company said. "Bansal's decision to quit came after an independent investigation done on behalf of Flipkart and Walmart into an allegation of...

Flipkart Internet narrows losses to Rs 1,160.6 cr for FY18

E-commerce major Flipkart Internet has trimmed its consolidated losses to Rs 1,160.6 crore for the financial year ended March 2018, as per regulatory documents. According to a PTI report: The company had registered a total loss of Rs 1,640.2 crore...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Amazon, Flipkart clock Rs 15,000 crore in just 5 days of festive sale

E-commerce companies in the country are estimated to have raked in sales worth Rs 15,000 crore in about five days of their festive sales with giants like Amazon India and Flipkart claiming stellar show across categories like smartphones, large...

Walmart acquires lingerie brand Bare Necessities

Walmart has acquired lingerie brand Bare Necessities. "Customers are starting to see a different experience when they shop Walmart.com for fashion. The shopping experience is clean and modern. We’re offering editorial content to inspire customers. And, we’re significantly expanding our...
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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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