In the first phase of the festive sale, E-commerce companies are estimated to have registered sales of close to USD 3 billion.

Amazon reported record sales of about 7.5 billion rupees (USD 7.07 million) in 36 hours in the premium smartphone brands category.

Flipkart has added over 50,000 direct jobs across its supply chain, logistics arm and customer support.

A great deal of consumption appetite is coming from Tier II and III markets said Flipkart's CEO Kalyan Krishnamurthy.

Flipkart in a statement said it was aware of the ban order and was working with sellers to remove all such products.

Flipkart’s six-day sale begins Sept 29, while Amazon is yet to announce dates.

E-commerce companies see a large chunk of their sales coming in during the festive sales.

Commuters will now be able to pick up their e-commerce deliveries from select railway stations.

The proposed transaction involves the acquisition of a minority non-controlling investment by the acquirer.

E-commerce giant to stop use of plastic by June 2020.