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Tag Archives: Flipkart

Flipkart Parent Walmart Called Indian E-Commerce Rules Regressive in Email to US Government

Walmart told the US government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed. The lobbying effort yielded no result at the time – India implemented the new rules from February 1 – but the document underlines the level of concern at Walmart about the rules. ... Read More »

Honor 20 Series to Be Sold via Flipkart in India

Honor 20 series is all set to launch in India on June 11, and ahead of that, the company has confirmed that the series will be available on Flipkart when it launches. Honor says that the phones will go on sale on the e-commerce site, and the new Honor 20 series includes the Honor 20, the Honor 20 Pro, and ... Read More »

Morgan Stanley MF slashes Flipkart’s valuation to $5.5bn

A mutual fund managed by Morgan Stanley has sharply cut the value of its shares in India’s largest e-tailer for the fourth time over a period of a year, valuing the company at $5.5 billion.This is by far the most sizeable correction for Flipkart, which last raised a financing round in July 2015 when its paper valuation stood at $15.2 ... Read More »

Infosys, Flipkart, M&M among others go all out to help staff tide over demonetisation crisis

MUMBAI/NEW DELHI: From currency note conversion desks to mobile ATMs and temporary cash withdrawal counters, India Inc. is going all out to help its employees tide over the cash crunch after the government made high-denomination notes illegal two weeks ago. The sudden invalidation of 86% of India‚Äôs currency by value, along with curbs on withdrawals from bank accounts and ATMs ... Read More »

Flipkart Plans Groceries Foray Next Year Alongside Renewed Push in Furniture

India’s top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in the online furniture business, as it expands its product portfolio and looks to outmaneuver global giant Amazon.com in a burgeoning Indian market. Flipkart Chief Executive Binny Bansal said the home-grown e-commerce player plans to begin experimenting with grocery sales next year and ... Read More »

Exodus continues at Flipkart, CFO Sanjay Baweja resigns

NEW DELHI/ BENGALURU: High-level exits continue at e-commerce giant Flipkart. Its chief financial officer (CFO) Sanjay Baweja has put in his papers. Baweja, former CFO at Tata Communications, had joined Flipkart about two years ago and was spearheading financial initiatives, including fund-raising, for the Bengaluru-based company . Baweja’s exit follows that of Flipkart’s legal head Rajinder Sharma, who quit in ... Read More »

Festive fever: Amazon sales up three-fold; Prime membership top-selling item

E-commerce giant Amazon.in said sales on its platform grew three-fold compared to last year to over 15 (rpt 15) million units during its five-day festive sale. Amazon.in’s festive sale is from October 1-5. Its rivals, Flipkart and Snapdeal, which started rolling out festive offers from October 2, will end their sale today. “We have seen a phenomenal growth this year, ... Read More »

Big discounts on iPhone 6S, Moto phones and Xiaomi Mi 5: 9 Flipkart deals you can’t miss

Flipkart is offering great discounts and attractive offers on a wide range of products as part of its Big Billion Days sale. The festive sale started yesterday on October 2 and will last till October 6. While Flipkart’s rivals like Amazon and Snapdeal are also running festive sales, Flipkart’s offers on good smartphones are better overall. Here are 9 smartphone ... Read More »