Flipkart did not comment on the investments planned for the new venture.
Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts generating cash.
...both Amazon and Flipkart in a clandestine manner refuted the issues raised by us even after showing relevant evidences, said CAIT.
India's telecom sector has witnessed a churn with stiff competition, especially after the entry of Reliance Jio.
Flipkart has added over 50,000 direct jobs across its supply chain, logistics arm and customer support.
In the first phase of the festive sale, E-commerce companies are estimated to have registered sales of close to USD 3 billion.
The Insurance Regulatory and Development Authority of India (Irdai) also banned selling travel insurance cover to tickets bought 90 days in advance.
This Big Billion Days, we witnessed the growing appetite of Bharat (tier II & III cities) for mobiles, large appliances and consumer electronics.
60% increase in sales seen on small town outreach.
Flipkart in a statement said it was aware of the ban order and was working with sellers to remove all such products.