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Discounting by e-etailers primary driver of e-demand: Colliers India

Rapid proliferation of high-speed Internet and Internet-enabled smart devices has contributed to the expansion of online retail in India at more than 40 percent growth in FY 2013-14, according to findings released in a new white paper by Colliers...

The Swan's got swag

American Swan, an online fashion and lifestyle brand exuding American spirit and lifestyle, can be best described as youthful, urbane and casually chic. Having become a rage in India, the brand is mulling overseas expansion next year.Not so long...

Future Group to launch mobile wallet: Kishore Biyani

In a tightly packed session at the India Retail Forum 2015 in Mumbai on September 16th, Future Group Founder and Group CEO Kishore Biyani has announced that the retail major is in the process of launching its mobile wallet. In...

Snapdeal hits back at Flipkart instant refund facility, launches refunds in 60 mins

Earlier this month, Flipkart launched its instant refund mechanism facility, a move that allows its customers get refunds as early as within 24 hours of returning the product. Today, Flipkart's rival, Snapdeal launched a similar service and reduced the...

Snapdeal acquires silicon valley startup Redcue Data

Online marketplace major Snapdeal has acquired Silicon Valley-based startup Reduce Data, a programmatic display advertising platform, to strengthen its discovery platform. While the financial terms of the acquisition were not disclosed, the Reduce Data team will join Snapdeal, in the...

Flipkart to offer refunds to customer within 24 hrs

Flipkart has today launched its instant refund mechanism facility, a move that will help its customers get refunds as early as within 24 hours of returning the product. Previously, the refund process used to take three to five business days."Flipkart...

Intec launches television category exclusively on Snapdeal

Snapdeal has launched an exclusive range of seven Intec televisions on its marketplace, marking Intec’s entry in the television category, the company said in a press statement. Speaking about the launch, Tony Navin, SVP, Partnerships & Strategic Initiatives said, "Television...

Flipkart goes social, launches 'ping' on its app

Flipkart has announced a new service called ‘Ping’ on its mobile app. Ping will allow users to shop for products on it app along with their friends. The objective behind Flipkart's Ping is to allows users to have real-time conversations...

EazyDiner mopes up USD 3 mn in Series A funding

EazyDiner, an online table reservation venture co-founded by well-known Indian food critic Vir Sanghvi, has secured USD 3 million in Series A funding fromSaama Capital (an investor in e-commerce majors such as Snapdeal and Paytm) and its existing investor...

E-tailers notch up massive gains, customer acquisitions via I-Day promotions

As India celebrated its 69th Independence Day last week, the country's e-commerce majors battled it out with a slew of offers and discounts in a bid to make most of consumer's patriotic sentiments. Some of the prominent and much advertised...
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Govt asks retailers to cut profit margins on pulses; pass on lower wholesale rates

The government warned that it would take stern actions against unscrupulous speculation and profiteering by market players.New Delhi: The...
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