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Online VS Offline: The Independence Day discount wars

As India readies for its 70th Independence Day, the country’s online and offline retailers have decided to battle it out with a slew of offers and discounts in a bid to make the most of patriotic sentiments of consumers. The long...

Flipkart valuation marked up 10 pc by investor Valic

After facing a successive markdown in the past few months by its investors, the valuation of India's largest e-commerce firm, Flipkart has been marked up by Valic Co., a mutual fund investor in the firm. Valic has marked up the...

Day 1 of Great Indian Sale becomes the biggest day ever for Amazon India

The first day of Amazon India "Great Indian Sale" creates history in terms of number of products sold on the platform. The company said in a statement that Amazon India saw "the first 100K units sold at midnight" just...

ASCI pulls up Patanjali, HUL, Flipkart, others for misleading ads

Advertising watchdog ASCI has pulled up Patanjali Ayurved, HUL, PepsiCo, Britannia, Pizza Hut, Amazon, LG Electronics, Voltas, Axis Bank, AirAsia and Flipkart, among others, for running misleading ad campaigns. The Consumer Complaints Council of Advertising Standards Council of India (ASCI)...

Flipkart Ola come together to promote Lenovo Vibe K5 Note smartphone

Flipkart has partnered with ride hailing app Ola to give its users the chance to experience Lenovo’s new Vibe K5 Note smartphone, which will be sold exclusively on its platform. The campaign which is being launched in Mumbai, Delhi, Chennai,...

Lenovo launches K5 Note, Vibe K5 Plus multimedia smartphones

Chinese technology company Lenovo has launched two devices -- K5 Note with theatreMax technology and an enhanced version of Vibe K5 Plus with an array of supported devices -- in India. The Lenovo K5 Note starts at Rs 11,999 for...

Flipkart denies lay offs; says sometimes people just choose to leave

Dismissing the reports about giving pink slips to the under performing employees, India's largest e-commerce player, Flipkart says the company is not laying off but letting go employees who choose to leave. In an email response to a query, the...

US- based Fidelity raises Flipkart’s valuation

Fidelity Rutland Square Trust II, a mutual fund investor in Flipkart, has marked up the valuation of India’s largest e-commerce company by 2.7 per cent to $84.29 per share in May, against a value of $82 apiece in February,...

Flipkart acquires Jabong: E-commerce crying for consolidation, say experts

Flipkart-owned Myntra on Tuesday announced that it has acquired Jabong from Global Fashion Group for $70 million, a move that marks further consolidation in India’s booming e-commerce industry. With this move, Flipkart is clearly trying to preserve its position as India’s No.1...

Myntra's Jabong: Then and now

The race to buy online fashion retailer Jabong has finally come to a conclusion, with Flipkart’s unit Myntra reaching the finish line before other contenders, including Alibaba, Future Group, Aditya Birla’s e-commerce venture Abof and Snapdeal. With Jabong in its...
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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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