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US- based Fidelity raises Flipkart’s valuation

Fidelity Rutland Square Trust II, a mutual fund investor in Flipkart, has marked up the valuation of India’s largest e-commerce company by 2.7 per cent to $84.29 per share in May, against a value of $82 apiece in February,...

Two more Silicon Valley executives quit Flipkart

India's largest e-commerce marketplace Flipkart's management rejig is continuing even as two more high-profile Silicon Valley hires quit the company last week. ALSO READ: Flipkart rejigs top management, hires ex-Amazon exec Lalit Sarna and Sunil Gopinath were among the top talent in the company. Sarna...

US mutual fund Vanguard slashes Flipkart value by 25 pc

A Vanguard-managed mutual fund has marked down the value of its shares in Flipkart by 25 per cent, the fund has disclosed last month. This is the sixth markdown for the Indian e-commerce behemoth. A fund managed by Morgan Stanley has...

Pricing to give way to convenience in Indian e-commerce: Morgan Stanley

As broadband usage expands in India, convenience will be the main driver for online shopping after 2019, as opposed to pricing being the main issue today, and eventually help e-commerce firms make money, says a report by merchant banker...

Pricing will soon give way to convenience in Indian e-commerce

As broadband usage expands in India, convenience will be the main driver for online shopping after 2019, as opposed to pricing being the main issue today, and eventually help e-commerce firms make money, says Morgan Stanley. "Internet adoption is a...

More investors mark down Flipkart valuation by 20pc

Two of Flipkart's mutual fund investors have marked down the value of their holdings in the company by 20 per cent. Global investors in India's largest e-commerce marketplace Flipkart are acknowledging the drop in the company's value, which peaked at $15.2 billion in...

India to become second largest smartphone market by 2017

India is expected to overtake the US as the second-largest smartphone market next year with robust annual growth, says a Morgan Stanley research report. As reported by PTI: According to the report on global technology and telecom, the country's smartphone...

Flipkart eyes top furniture retailer position in 2016

The imminent entry of IKEA into the Indian market next year has sent the country’s e-commerce majors into a huddle over the drawing board, deciding what to do next to ensure they retain a chunk of the furniture retail...

Wei Sun Christianson on Estée Lauder Board of Directors

From March 1, 2011, American cosmetic giant, Estée Lauder Companies Inc. has a new director on its board. Wei Sun Christianson, who is the Managing Director and Chief Executive Officer at Morgan Stanley, China, is serving as a member...

Morgan Stanley buys 7.68 pc stake in Indiabulls Real Estate

Foreign fund house Morgan Stanley has acquired 7.68 per cent stake in Indiabulls Real Estate for about Rs 570.18 crore, through qualified institutional placement (QIP) route.Morgan Stanley & Co International through its various investment arms has acquired over three...
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Nestle India, Dr Reddy’s to form JV for nutraceutical brands in India, other agreed territories

Dr Reddy's will license brands such as Rebalanz, Celevida, Antoxid, Kidrich-D3, Becozinc in the nutrition, and OTC ( over...
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