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Retail Tracker: With over 60 new stores and Rs 4,930 fundraising prospects, here’s how July fared

In terms of fundraising, brands raised or proposed plans to raise amounts over Rs 4,930 crore IndiaRetailing Insights: More than 60 new stores were rolled out throughout India in July, according to the latest survey by IndiaRetailing Insights, a retail...

Snapdeal's first investor Kenneth Glass supports Kunal Bahl's merger call off decision

Snapdeal's earliest investor Kenneth Glass has come out in support of CEO Kunal Bahl over the decision to call off merger talks with larger rival Flipkart. According to a PTI report: Glass, a former Microsoft executive, has written an email...

Retrenchment in e-commerce industry not unique to India: Nirmala

Commerce and Industry Minister Nirmala Sitharaman has said corporate downsizing and retrenchment in the country's e-commerce industry were not unique phenomena happening in India but were occurring globally. The minister's comments came a day after major layoffs were announced by...

Snapdeal founders to take 100 pc pay cut, firm commences layoffs

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...
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Varun Beverages to raise Rs 7,500 cr to fund expansion plans

The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of...
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