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E-commerce major Flipkart is in advanced stage of discussions to raise about US $800 million to further strengthen its operations in a bid to take head on the competition from American rival Amazon. According to a PTI report: The funding,...

Chinese e-commerce major Alibaba Group Holding Ltd, along with investment firm SAIF Partners, are set to invest US $200 million in Paytm’s online marketplace unit. Alibaba Singapore E-Commerce Pvt. Ltd will invest US $177 million in Paytm E-Commerce Pvt. Ltd—a...

India’s luxury retail market is growing at a phenomenal pace. What will be its tipping point that will enable it overtake the Chinese market? Or will the numerous obstacles in its path fail the luxury retail industry in the...

Walmart Stores Inc. has claimed that it’s online growth and e-tail market share has been more than Amazon’s this quarter. The company’s fourth quarter results show a 29 per cent rise in e-commerce sales as compared to 22 per...

Artificial Intelligence (AI)-powered wearables will provide an impetus to the stagnant wearables segment, to make it grow 376 per cent annually to reach 60 million units in 2017, a new report said on Friday. According to the market research firm...

E-commerce major Snapdeal on Wednesday reported that its founders have agreed to take a 100 per cent pay cut, even as the firm initiated a process to rationalise a part of its workforce to make the company profitable in...

US e-commerce giant, Amazon, was awarded a patent earlier this week for a system in which a package would be "forcefully" propelled from an unmanned aerial vehicle (UAV) and would be helped to land by tools including a parachute. The...

Online retail giant Amazon has said it will create 5,000 new full-time jobs in the UK this year, the media reported on Monday. The firm said it was looking for a range of staff, including software developers and warehouse staff,...

The kids' footwear industry is largely considered as one of the most steadily growing segments in the country. According to a Ken's Research Study, titled 'India Kids' Apparel and Footwear Market Outlook to 2020', the Indian kids footwear industry is...

Amazon Development Centre has announced its plans to open two customer service facilities, one each in Coimbatore and Noida in April and June, respectively. "The new customer service facilities in Coimbatore and Noida will augment our capabilities to serve our...