the ecommerce platform Flipkart has opened its fourth grocery fulfilment facility in Malda, West Bengal, according to the company’s press release. According to the statement, the hub would create over 700 direct and indirect local employment while also offering countrywide market access to thousands of local retailers, MSMEs, and small-scale farmers. The fulfilment hub, which […]
Snapdeal, an ecommerce platform, further strengthened its value lifestyle portfolio to cater to the increasing demand for branded merchandise at affordable prices. The company has on-boarded a diverse array of lifestyle brands offering quality merchandise targeted at value-savvy consumers. Snapdeal’s new fashion lineup features an impressive roster of brands, including Jockey, Rosaline by Zivame, Varanga, […]
India will resist US and European plans to prolong a global ban on cross-border ecommerce charges at the World Trade Organisation conference next week, fearing a continuous massive revenue loss, news agency Reuters reported. New Delhi, South Africa and Indonesia want poor countries to be able to tax cross-border electronic communications and India will advocate […]
Indian ecommerce giant Flipkart has been engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail, according to media reports. However, complexities surrounding Dunzo’s ownership structure have reportedly posed challenges in finalising an acquisition deal, as per a media report. Despite these challenges, talks between […]
The stock has generated more than 27 per cent returns year-to-date outperforming the benchmark indices Nifty and Sensex The e-commerce player Zomato has witnessed optimistic sentiments from investors after posting robust growth in recent quarters. Its stock has been riding a bullish wave in 2024, delivering more than a 27 per cent return year-to-date (YTD). […]
Flipkart had its best Big Billion Days (BBD) in 2023, driving Walmart’s foreign sales growth in the fourth quarter of FY24. During the quarter, the US-based retailer’s overseas sales rose 17.6 per cent year on year (YoY) to USD 32.4 billion. In constant currency terms, revenues for the category increased by 13 per cent YoY to USD 31.2 billion. Other […]
Amazon said on Tuesday that it had begun its delivery service in Gajoli, a rural village in Uttarkashi district, Uttarakhand. According to the firm, it is the first and only e-commerce company to transport items to the Maharishi Ashram in Gajoli, which sits at 4,500 feet in the Himalayan mountains. There are no businesses or delivery […]
Basil, a consumer houseware business, said on Monday that it has secured Rs 3.6 crore in initial investment from IIMA Ventures (previously IIMA-CIIE) and Appreciate Capital. Angel investors in the round included Mohit Sadaani, Co-Founder of The Moms Co., Aprameya Radhakrishna, Co-Founder of Koo, Abhishek Goyal, Co-Founder of Tracxn, Malini Adapureddy, Founder of Deconstruct, and […]
Ecommerce in India is in its early stages, with logistics costs being the most significant problem, news agency PTI reported, quoting a top Flipkart executive on Tuesday. Speaking at the Walmart development Summit, Flipkart CEO Kalyan Krishnamurthy stated that the government has reduced taxation and implemented ease of doing business as a strategy, which is one […]
The commercial real estate outlook in India presents a varied scenario across different segments, as per a report by rating agency ICRA. The retail mall operators and warehousing sectors are experiencing growth driven by strong consumption trends. However, the office segment, while resilient, is facing a slowdown in leasing from technology-based sectors due to global […]
