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Patanjali's Balakrishna makes it to the Forbes list; Flipkart's Bansals make a surprise exit

Yoga guru Ramdev's close associate Balakrishna has entered India's richest 100 club with US$ 2.5 billion networth owing to his 97 per cent holding in Patanjali Ayurved, while new-age retailer Flipkart's co-founders Sachin and Binny Bansal made a surprise...

Cashkaro to drive Rs 300 cr in GMV this festive season

CashKaro.com, India's largest cashback and coupons site are expecting to drive Rs 500 crores worth of GMV this festive season (Oct-Dec) as country's biggest online marketplaces are gearing up for a head to head competition with their flagship sales...

LeEco crossed the Rs 100 cr mark in its first 'Epic 919' sale

LeEco, the Chinese internet and technology conglomerate, sold more than 70,000 superphones, 2,000 Super TVs and close to 20,000 accessories -- crossing over Rs 100 crore mark -- in the first-ever "EPIC 919" shopping festival in India. LeEco kicked off...

Flipkart crosses 100 million registered customer milestone

Homegrown e-tailer Flipkart has crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. The Bengaluru-based company has doubled its user base over the last year and added 25 million users...

Snapdeal uses 'data' for its sellers this Diwali

In the run up to its Unbox Diwali Sale, Snapdeal is relying on extensive data analysis to guide its sellers to achieve maximum sales this festive season. The company’s seller facing team, 'SD Advisors' is in the process of finalizing...

Snapdeal appoints Mayank Jain as head supply chain

Snapdeal on Thursday announced that Vice President SCM (Supply Chain Management), Mayank Jain, will lead the Supply Chain function at the company. In his new role, Jain will spearhead the complete operations and supply chain function at Snapdeal. He assumes the role...

Flipkart is back with third edition of 'Big Billion Days' sale

Online marketplace Flipkart said it will hold its annual shopping festival, Big Billion Day, from 2-6 October, offering deep discounts on a wide range of products including smartphones, fashion brands, televisions and others. Read: Vendors, not consumers, are centre of e-commerce...

Ahead of Big Billion Sale, Flipkart opens second warehouse in UP

Ahead of its annual festival sale, Big Billion Days, e-commerce major Flipkart has launched its new warehouse in Lucknow, in order to ensure effective order management for sellers and more satisfying delivery experiences for the customers. This is the second...

Amazon to be No. 2 in Indian e-commerce market by 2019

Amazon is improving its foothold in India and the American e-commerce giant could be the second biggest player after Flipkart in the online retail market by 2019, says a new Bank of America Merrill Lynch report. India could also become...

This Diwali, offline retailers attracting consumers with offers, inventory & marketing

Even as e-commerce companies have been hard hit by market realities this year, their discounting game drastically lowered, top offline retailers in India are buoyant about high consumer demand this Diwali. The new FDI norms have caused quite the shift this...
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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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