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Flipkart sues Uttarakhand for taxing e-buyers

Flipkart has sued the state of Uttarakhand for its decision to impose a 10 per cent entry tax on goods purchased through ecommerce. Calling the levy "discriminatory", the ecommerce giant has filed the writ through its in-house logistics arm...

Snapdeal to hike salaries of top performers

As a part of e-commerce major, Snapdeal's efforts to become a meritocracy-led organisation, it will be rolling out annual salary hike of 20 per cent and more and ESOPs for its top performers. However, the quantum of ESOPs is...

Future Group to target e-comm giants in series of ads

India's brick-and-mortar giant Future Group is taking major e-commerce rivals head on. Future Group Founder, Kishore Biyani has decided to target Flipkart, Snapdeal and Amazon in a series of ads and he's not mincing his words. The ads will be...

Roadrunnr, TinyOwl to merge in all-stock deal

To create an integrated hyper-local delivery service, logistics player Roadrunnr and online food ordering platform TinyOwl are in preliminary stages of talks to merge in an all-stock deal. However, the vision of the combined entity is yet to be discussed....

Flipkart invests Rs 338 crore in Myntra to take on competition

Flipkart has invested Rs 338 crore in online fashion store Myntra to boost its leadership in the fashion segment. Myntra has received the fresh round of funding when its rival Jabong is struggling. In September, the founders of Jabong –...

Startup India: What the industry thinks

Prime Minister Narendra Modi's ambitious Start-up India initiative, which got voice and shape on January 16, sounds like a mega boon for aspiring entrepreneurs, willing to startup and stand up in India. The day-long event rolled out a slew of...

AI startup Snapshopr raises angel funding

Bengaluru-based Artificial Intelligence startup Snapshopr has reportedly raised an undisclosed amount in angel funding from top technology executives. The funding was lead by Amod Malviya, former CTO, Flipkart and few other angel investors including Pallav Nadhani, Apurva Dalal, Saran...

Flipkart reshuffles top management, Binny Bansal replaces Sachin Bansal as CEO

In a major top deck management reshuffle, Flipkart, the country's largest ecommerce company, announced that the current CEO and Co-founder, Sachin Bansal will step down from his role, and will be replaced by Binny Bansal, COO and Co-founder of...

TALISMAN FOR SMEs

The fact that the neighbourhood retailer understands the consumer's shopping behaviour and preference better was perhaps acknowledged via the hyperlocal model. Though a platform already having begun in earnest in 2014, the 'inclusive'character of online commerce grew much larger. These...

THE TALK SHOP!

With smartphone penetration outpacing PC sales, higher internet penetration, clubbed with rising demand for on-the-go convenience services, made the ubiquitous mobile a prominent retail destination for one and all in 2015. There are just under a billion cellphone connections in...
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Latest News

Mukesh Kumar quits Kolkata’s Quest Mall

The retail veteran will take a break before embarking on his next journey New Delhi: Mukesh Kumar, managing director of...
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