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E-tailers mantra for festive sales: Say no to discounts, not to lucrative offers

Even as e-tailers have made it quite clear that this year discounts are not going to be an anchor for festive season sales, nothing can stop them from incentivizing online consumers with easy EMI schemes, product exchange offers, exclusive...

Walmart in preliminary talks to invest $1 billion in Flipkart

Walmart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt. Ltd in exchange for a minority stake in the Bengaluru-based e-commerce company, according to several reports. The move is being widely...

Samsung launches Galaxy On8 on Flipkart at Rs 15,900

Samsung India on Tuesday launched its 4G and VOLTE-enabled smartphone Galaxy On8 with a host of India-specific features which will be available on Flipkart's "Big Billion Day" sale from October 2. The phone is pre-loaded with two 'Make for India'...

How online and offline players are gearing up for Diwali sales

The festive season, which is almost upon us, is the most important one yet for Indian e-commerce firms. E-commerce players – who in 2014 queered the pitch for brick-and-mortar retailers with the latter witnessing the slowest festive season sales – are...

Myntra to participate in Big Billion Days, expects 5x spike in sales

Flipkart-owned fashion and lifestyle e-tailer, Myntra today said that the company is participating in Flipkart's Big Billion Days (BBD), to be held between October 2nd and 6th. Read: How online and offline players are gearing up for Diwali sales Myntra will be...

LeEco to strengthen online sales in India; partners Snapdeal, Amazon

LeEco has partnered Snapdeal and Amazon to sell its products on the two e-commerce platforms from October, a move that will help the Chinese tech major further strengthen its online sales in India. Currently, LeEco sells its handsets through e-commerce...

GMV of e-comm companies to touch US$ 1.5-1.7 bn in Oct: RedSeer

Festive sales are expected to help e-commerce companies register transactions worth US$ 1.5-1.7 billion in October, according to research firm RedSeer Consulting. "With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments....

Amazon invests Rs 115 cr into its wholesale business

According to regulatory filings, Amazon has committed more money to grow its wholesale business in India and has infused a fresh capital of 115 crore in the unit. The new investment will take the total capital raised by the...

Rajasthani handloom products to be available on Flipkart, Amazon, Snapdeal soon?

Rajasthan State Handloom Development Corporation (RHDC) is in discussion with e-commerce giants like Flipkart and Amazon to market products made by artisans in the state. "We are in discussion with Flipkart, Amazon and Snapdeal so that our market becomes more...

Billionaire Mukesh Ambani richest Indian for ninth year: Forbes

With $22.7 billion (Rs 151,477 crore) net worth, Reliance Industries Chairman Mukesh Ambani is the richest Indian for the ninth consecutive year, American business magazine Forbes India said on Thursday. Ambani, 59, who retains the top spot in the annual...
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Reliance Retail Q1 profit rises 4.6 % to Rs 2,549 crore

The retail behemoth also recorded 18.87% increase in number of footfalls at its stores at 296 million in the...
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