Business  /  Published 04.12.20

PhonePe boards new investors

E-commerce major Flipkart on Thursday announced a “partial spin-off” of PhonePe as the digital payment firm raises $700 million in funding — valuing it at $5.5 billion.   In th...
By PTI in New Delhi

Business  /  Published 03.12.20

Flipkart: stay on trade probe

The Supreme Court on Wednesday stayed the March 4 order of the National Company Law Appellate Tribunal (NCLAT) asking fair trade regulator CCI to initiate a probe against e-commerce major Flipkart for...
By Our Legal Correspondent in New Delhi

Business  /  Published 24.11.20

E-commerce rule row

The Delhi high court Monday sought the Centre’s reply on a plea challenging a provision in the Consumer Protection (e-commerce) Rules which mandate that an entity selling goods and services onli...
By PTI in New Delhi

Business  /  Published 24.10.20

Flipkart buys 7.8% of AV Birla Fashion

Walmart-owned Flipkart is investing Rs 1,500 crore to pick up a 7.8 per cent stake in Aditya Birla Fashion and Retail Ltd (ABFRL). The transaction will enable ABFRL to sell its various brands on the l...
By Our Special Correspondent in Mumbai

Science Tech  /  Published 18.10.20

Fashion gets affordable

An ethnic range curated by Kareena Kapoor for Imara Bikaji limited-edition 24K gold leaf sweets Exclusive Virat Kohli line of One8 products ...
By Mathures Paul in

Business  /  Published 06.10.20

Google Play Store billing relief for Indian apps

Walmart-owned Flipkart on Monday said it has partnered fintech major Paytm to provide customers a slew of offers and benefits during its festive season sale. “This partnership will enable milli...
By PTI in New Delhi

Business  /  Published 04.10.20

Retail: major sales push

Organised retail players have teamed up with banks to roll out festive offers for customers as they look to encourage spending that has taken a hit because of Covid-19. On Saturday, Walmart-owned Fli...
By Our Special Correspondent in Mumbai

Business  /  Published 17.09.20

Flipkart in overseas IPO bid

Walmart acquired a roughly 77 per cent stake in Flipkart for about $16 billion back in 2018. That deal remains the single largest foreign direct investment in India. It turned Flipkart’s founde...
By Reuters in

Business  /  Published 15.08.20

Flipkart to deliver liquor in Bengal and Odisha on Friday launched an online pharmacy in Bangalore. The service, Amazon Pharmacy, has begun and will soon offer deliveries across the city, Amazon said. It offers both over-the-counter and ...
By Reuters in New Delhi

Business  /  Published 29.07.20

Flipkart: deal hits roadblock

Less than a week after it announced the deal, Flipkart is facing a major hurdle in its proposed move to acquire the local cash-and-carry business of parent Walmart. The All India Online Vendors&rsquo...
By Our Special Correspondent in Mumbai


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