eBay Inc
Retail
Flipkart raises US $1.4 bn, acquires eBay India
eBay Inc., a global commerce leader, and Flipkart, a leading eCommerce company in India, have agreed to jointly pursue e-commerce opportunities in the Indian market.
In exchange for an equity stake in Flipkart, eBay will make a US $500 million...
Retail
Retrenchment in e-commerce industry not unique to India: Nirmala
IANS -
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...
Retail
Snapdeal founders to take 100 pc pay cut, firm commences layoffs
IANS -
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...
International News
Chinese to become world's top online shoppers
IANS -
Chinese are more likely to shop online than consumers from any other country, according to the latest survey by the International Post Corporation, a Brussels-headquartered association on postal services.
In the second annual study of 24,000 respondents in 26 markets...
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Latest News
abCoffee: The grab-and-go Coffee revolution brewing across India
Today, the coffee chain has scaled to more than 70 outlets covering Mumbai, Delhi, Gurugram, Noida, Hyderabad, and BengaluruLaunched...
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