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Amazon to expand private label offerings in India

Amazon India is looking to create own private brands in fashion and groceries category apart from significantly expand its existing private electronic accessories brand AmazonBasics, according to a report in Livemint. AmazonBasics, which debuted in India in September last year,...

Annualised GMV for e-commerce firms in India dips 10 pc in Q2

Annualised GMV for e-commerce companies in India fell 5-10 per cent in the second quarter of 2016 to US$13 billion, impacted by fewer discounts by players like Flipkart and Snapdeal, research firm RedSeer said. "While there was a strong growth...

Flipkart does soul-searching at town hall in tech hub

Reeling under lower valuation, exits by many senior executives and downsizing of staff in the face of intense competition in the digital world ahead of the festival season, leading e-tailer Flipkart had a soul-searching town hall discussion with its...

Myntra clocks $1 bn annual GMV run rate in July

Leading e-commerce platform for fashion and lifestyle products Myntra today said ithas crossed $1billion run rate in annualized GMV post discounts in July this year. "This is the first time ever that an Indian fashion brand has recorded $1...

Retail Mantra: Look to customers, not investors

It is quite likely that most e-commerce start-ups being hatched in coffee shops of Bangalore – which are based on general merchandise retail – are already doomed. They need to search out new areas to service new customer needs...

Flipkart's Sachin Bansal confesses he was replaced due to performance

The monthly Friday town hall meetings at Flipkart, where top executives assemble in a hall packed with employees to take questions, came as a shocker for many as the company's co-founder Sachin Bansal confessed he was replaced as chief...

First flash sale for LeEco's Super TV on August 26

Global internet and technology conglomerate LeEco has ushered in a new era of content integrated Ecosystem TVs in India with the launch of its future ready Super3 series Ecosystem TVs. Chinese internet and technology conglomerate LeEco has said that it...

Flipkart launches speedy, loyalty service 'Flipkart Assured'

India’s largest e-commerce marketplace Flipkart has recently launched Flipkart Assured - ‘Quality and Speed assurance’ programme for customers across India. This programme ensures that high quality products are delivered in the fastest time possible. Under the programme, products across all...

Snapdeal shuts Exclusively.com, integrates it within itself

E-commerce major Snapdeal has completed the integration of Exclusively, a marketplace for premium branded fashion and lifestyle products, within itself. With the integration, the entire catalogue of Exclusively.com, including fashion and lifestyle products, footwear, and accessories will now be available on Snapdeal...

Myntra buys majority stake in Hrithik Roshan’s sportswear brand HRX

Leading e-tailer Flipkart's fashion and lifestyle products' subsidiary Myntra on Friday announced that it has acquired a majority stake in HRX, the active lifestyle brand co-owned by Bollywood actor Hrithik Roshan and Exceed Entertainment. This move is a bid to...
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Reliance net profit falls 5% in Q1 on weak O2C business

The consolidated net profit of Rs 15,138 crore, or Rs 22.37 per share, in April-June was compared to Rs...
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