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Snapdeal increases authorised capital to Rs 15 crore

Snapdeal increases authorised capital to Rs 15 crore

Jasper Infotech-owned leading e-tailer Snapdeal increased authorised capital from initial capital of Rs 10 lakh to Rs 15 crore by issuing an additional 8.82-crore...
Walmart acquires 77 percent stake in Flipkart Group

Walmart acquires 77 percent stake in Flipkart Group

Retail giant Walmart Inc. on Saturday acquired approximately 77 percent stake in e-commerce major Flipkart.According to a statement, Walmart now holds approximately 77 percent...
Walmart's share price soars due to strong revenue gains

Walmart’s share price soars due to strong revenue gains

Walmart's share price soared on Thursday as investors focused on the retail giant's strong quarterly revenue gains and shrugged off a net loss linked...
IMG Reliance launches fashion portal

IMG Reliance launches fashion portal

IMG Reliance, a joint venture between IMG Worldwide of US and Reliance Industries, on Thursday launched a fashion portal aimed at the evolving Indian...
New Alibaba Cloud initiative to push retail growth in Asia Pacific

New Alibaba cloud initiative to push retail growth in Asia Pacific

In a bid to push retail growth in the Asia-Pacific region, Alibaba Cloud has launched a dedicated partner programme across Asean countries to drive...
Indian, Swedish food to boost IKEA shoppers' energy

Indian, Swedish food to boost IKEA shoppers’ energy

Walking through the sprawling, newly-opened IKEA store here needs energy and the company is making sure that customers get to recharge at its trademark...
Amazon invests US $400 million more in its Indian arms

Amazon invests US $400 million more in its Indian arms

The US-based world's largest e-tailer Amazon invested an additional US $400 million (Rs 2,700 crore) in two of its Indian subsidiaries, said business intelligence...
Lower food prices cool India's July retail inflation to 4.17 pc

Lower food prices cool India’s July retail inflation to 4.17 pc

Lower food prices eased India's July retail inflation to 4.17 percent from 4.92 percent in June, even as it continued to rule over the...
CCI approves Adani Wilmar's acquisition of Ruchi Soya

CCI approves Adani Wilmar’s acquisition of Ruchi Soya

The Competition Commission of India (CCI) has approved the acquisition of food and agri products manufacturer Ruchi Soya by consumer edible oils major Adani...
IKEA store attracts 40,000 customers on first day

IKEA store attracts 40,000 customers on first day

About 40,000 people visited IKEA's first India store on the opening day here, a company spokesperson told IANS.The world's leading Swedish home furnishings retailer...