Flipkart
Retail
Flipkart launches new program to help employees fulfill personal aspirations
Flipkart has launched a brand new exclusive program to offer financial assistance to employees to explore opportunities beyond work, including national level competitions and programmes.
One of India’s largest online marketplace announced the launch of its 'Budding Star Program' aiming to help Flipkart...
Retail
Usha International targets 50 pc sales growth this fiscal
Usha International is targeting 50 per cent sales growth this fiscal driven by expansion of offline sales points, mainly in regional markets, and increased business volumes from e-commerce platforms.
According to a PTI report: The company, which had a turnover...
Retail
Flipkart launches the 'Perfect Buying Experience' in large appliances for customers this festive season
Flipkart, India’s largest e-commerce marketplace is revamping its large appliances category by bringing customers the 'Perfect Buying Experience' program which entails a wider product selection, faster and more efficient after-sales delivery and installation service, and a more engaging user...
Retail
Snapdeal to trim operations; workforce could be pared to about 500-600 people
Snapdeal may trim its workforce to half from the current 1,200 employees over the next few months as it pursues an independent path post calling off merger with bigger rival Flipkart, company sources told PTI.
According to a PTI report:...
Retail
Nexus Venture supports Snapdeal's decision of not accepting Flipkart's offer
Nexus Venture Partners (NVP), an early investor in Snapdeal, has come out in support of the e-commerce firm's decision to pursue 'Snapdeal 2.0' instead of accepting rival Flipkart's US $900-950 million acquisition offer.
According to a PTI report: NVP is...
Fashion & Lifestyle
Dollar Bigboss eyes rural expansion, targets Rs 1000 crore turnover
Hosiery major Dollar Industries Limited, which registered a turnover of Rs 906 crore for the FY 2016-17 and is eyeing Rs 1000 crore this year, has come up with a new product – trendy trunks that are made of...
Retail
Top brass exodus at Snapdeal after talks with Flipkart fall through
After the announcement of major layoff with an agenda to cut down 80 percent of its employee strength in the company, Snapdeal on Tuesday witnessed exit from many senior members from technology, product and engineering division.
According to a ANI...
Retail
Why did the Snapdeal-Flipkart merger breakdown?
Both Kunal Bahl and Rohit Bansal put together have only 6.5 per cent of stake at Snapdeal. In spite of getting two back to back offers from Flipkart of US $800 million and US $950 million, plus having Softbank...
Retail
eBay.in becomes Flipkart Group Company with close of merger
Flipkart, India’s largest e-commerce marketplace, and eBay have successfully concluded the merger transaction to make eBay.in a Flipkart Group Company.
The deal was announced in April, when the Flipkart Group raised US $1.4 billion from global technology majors eBay, Tencent...
Retail
Snapdeal 2.0 can survive on the money made from sale of assets; eyes gross profit of Rs 150 crore
Having dumped the US $950-million takeover offer from Flipkart, Snapdeal founders Kunal Bahl and Rohit Bansal said that the online market place can survive on the money made from sale of assets like Freecharge and will make a gross...
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Reliance Retail opens 30 Metro stores in Q1, total count crosses 200
Reliance Retail had acquired the Indian operations of German firm Metro AG's wholesale operations in December 2022 in a...
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