The rising interest in India occurs as investment in China's recently booming startup sector faces a steep drop-off.
12 Jul 2019 1:07 AM

Hedge fund vetted at least a dozen deals in recent months.

The new Axis Bank credit card comes with a slew of benefits, including a 1.5 per cent cashback on every purchase, and up to 5 per cent cashback for merchant shopping, including on Flipkart and on its sister concerns like Myntra.
11 Jul 2019 7:57 PM

The bank has 6.17 million credit cards in use, making it the fourth largest issuer in the country.

The startup was founded in December 2015 by three friends who left Flipkart to get it off the ground.
11 Jul 2019 1:00 AM

Walmart wants to use the lessons from PhonePe in other operations around the globe.

The court observed that according to the report submitted by local commissioners who inspected the warehouses of the e-commerce platforms, also including 1MG and healthkart, the conditions of the goods had been changed.
10 Jul 2019 2:01 AM

They also raised apprehension that the goods may be tampered with or counterfeited.

Amazon.in, which is locked in an intense battle for market leadership against Walmart-owned Flipkart, has over 3,500 products in its large appliances category consisting of TVs, ACs, refrigerators and washing machines, along with over 1.2 lakh products under the furniture range.
07 Jul 2019 5:13 PM

With these launches, Amazon will now have more than 50 FCs with more than 20 million cubic feet storage.

Both companies, and the US government, protested against the rules in January, saying they would force firms to change their business structures.
26 Jun 2019 8:59 AM

Amazon and Flipkart say they’ve complied with the rules and deny any wrongdoing.

An inter-ministerial panel under DPIIT would be formed to address stakeholder grievances on FDI and draft e-commerce policy.
25 Jun 2019 4:41 PM

We will put an institutional framework to bring out a national policy on e-commerce within next 12 months, an official said,

Flipkart co-founder, Binny Bansal.
24 Jun 2019 3:40 PM

Binny Bansal sold about 54 lakh of equity shares worth Rs 531 crore to Walmart.

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