E-business
Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million
24 Jun 2019
Binny Bansal, who had earlier also sold a small portion of his residual stake in Flipkart, owned 3.52 per cent stake in Flipkart before the latest sale of 5,39,912 shares to Walmart
CCI begins market study of e-commerce in India
19 Jun 2019
Hotel aggregator RateGain launches frictionless distribution platform `Smart Distribution’
07 Jun 2019
Flipkart launches online grocery store ‘Supermart’ In Mumbai
09 May 2019
Flipkart Supermart promises free delivery on orders above Rs600, the best prices on top brands, and an easy returns policy on delivery itself
Walmart looks to acquire grocery chain Namdhari through Flipkart
02 May 2019
This is part of Walmart’s strategy against Reliance Retail’s planned nation-wide rollout of its “new-commerce” multi-channel retail play by bringing millions of kiranas or small neighbourhood stores on board
Amazon to close its China business, shift focus to India
19 Apr 2019
Amazon will now increasingly focus on the Indian market where it has invested billions in setting up infrastructure, including warehousing facilities
Amazon appoints ex-PepsiCo CEO Indra Nooyi on its board
26 Feb 2019
Nooyi’s appointment as a member of the audit committee on Amazon’s board comes at a time when the online retail giant’s business plans are going awry under India’s new e-commerce policy
India to insist on local presence for foreign online retailers
25 Feb 2019
Policy loopholes have helped e-com entities from China to grab a major share of the smartphone and fashion businesses in India, with Tier-II and Tier-III cities accounting for 30 per cent of their fashion sales
New FDI rules could force Walmart to exit Flipkart: Morgan Stanley
05 Feb 2019
Effective 1 February, e-commerce platforms cannot sell their own products or brands that are directly or indirectly owned by them or make more than 25 per cent of their sales from private labels
RIL plans a big splash into online retail business
21 Jan 2019
Reliance’s online retail plans, as chairman Mukesh Ambani had outlined earlier in the year, will be using "augmented reality, holographic technology and VR devices", to create what he described as a "personalised immersive shopping experience"
FDI-led online market places cannot sell own inventory
27 Dec 2018
This is because the current policy allows 100 per cent FDI in marketplace e-commerce activities and not in retail business where the firm has control over the inventory as well
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