Kalyan Krishnamurthy
E-Commerce
Cost structure of logistics biggest challenge for e-commerce: Flipkart CEO
PTI -
The e-commerce company has plans to transition its delivery fleet to electric vehicles by 2030
New Delhi: E-commerce in India is at a nascent stage and cost structure of logistics is the biggest challenge for the segment, a top official...
People
Binny Bansal quits Flipkart board
PTI -
The development comes after around six months of Bansal selling an entire stake in the companyNew Delhi: E-commerce major Flipkart co-founder Binny Bansal has resigned from the company's board, according to a company statement."I am proud of the Flipkart...
Fashion & Lifestyle
Kalyan Jewellers records profit of Rs 144 crore in Q1FY24
The jewellery retailer’s revenue witnessed a growth of 31% to Rs 4,376 crore as against Rs 3,333 crore in the corresponding quarter of the financial year 2023
Bengaluru:Â Indian jewellery brand Kalyan Jewellers has recorded a consolidated profit after tax (PAT)...
Big Grid
100% electric mobility by 2030: Flipkart drives towards sustainability with EV100
Flipkart plans to have a fleet of more than 25,000 electric vehicles (EVs) by 2030 in line with its aim to transition its entire logistics fleet across cities to green energy vehicles, the company said on Wednesday.The company said...
Big Grid
Flipkart to focus on grocery & fashion biz, scaling loyalty program
Walmart-owned Flipkart on Thursday said it is working on scaling its loyalty programme, grocery and fashion business while continuing to invest in technology and infrastructure this year as it looks to strengthen its position in the burgeoning Indian e-commerce market. The company, which...
Big Grid
Indian e-commerce will reach $90-100 billion in 3-4 years: Flipkart CEO, Kalyan Krishnamurthy
The pandemic has brought in a shift in consumer behaviour, providing a major fillip to the Indian e-commerce industry that is now poised to touch USD 90-100 billion in the next 3-4 years, Flipkart Group CEO Kalyan Krishnamurthy said on Wednesday. Krishnamurthy said while challenges brought in...
Retail
Flipkart to boost user experience using AR
IANS -
In a bid to offer more immersive experiences to its consumers, Flipkart Group on Tuesday announced the acquisition of Bengaluru-based Augmented Reality (AR) company Scapic for an undisclosed sum.
Scapic is a Cloud-based platform which enables creation and publishing of...
Fashion
Flipkart to acquire 7.8 pc stake in Aditya Birla Fashion for Rs 1,500 cr
IANS -
Flipkart Investments will pick up 7.8 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore.
The equity capital will be raised at Rs 205 per share. The promoter and promoter group companies...
Retail
Small towns set to drive record festive sales
IANS -
While the ongoing pandemic has left crores of Indians in deep financial trouble who are struggling to make ends meet, the aspirational Bharat -- riding on the pent-up demand and discretionary income -- is all set to embark on...
Food
Walmart, Flipkart Group make fresh investment in Ninjacart
IANS -
Walmart and the Flipkart Group on Monday announced a fresh round of investment in Ninjacart, a Bengaluru-headquartered supply chain platform that sources fresh produce directly from farmers and quickly delivers them to retailers and businesses.
This follows the investment made...
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Latest News
Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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