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In cost-cutting move, Snapdeal to shut down marketplace Shopo

Snapdeal-owned marketplace Shopo will close down from February 10, after a year and a half of operations. The move comes at a time when Snapdeal is aggressively looking at optimising costs amid intense battle with Flipkart and Amazon. "We started, a...

Level playing field is needed for local companies: Flipkart's Sachin Bansal

Highlighting the rise of selective globalisation, Flipkart co-founder Sachin Bansal said a level playing field is needed to ensure that local companies can build solutions for the Indian market and don't get prematurely killed by foreign competition. "Another big thing...

Yet again, China's Alibaba pumps Paytm with fresh funding of $200 mn

Mobile wallet service provider, Paytm is all set to get a huge investment push from Chinese internet giant Alibaba. To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation...

Amazon seeks Govt nod to venture into food retail in India

Global e-commerce major Amazon has sought government’s approval for online selling of food products produced and manufactured in India. The US-based company has proposed to invest about Rs 3,400 crore for the purpose, people aware of the development said, adding that the...

Flipkart, Snapdeal's growth remained flat in 2016: RedSeer Consulting

After a whopping 180 per cent growth in 2015, the Indian e-tailing industry expanded by merely 12 per cent in 2016 to clock revenues of USD 14.5 billion, research firm RedSeer on Tuesday said. As per PTI, RedSeer's report said, the biggest...

Is the End Of Season Sale coming to an end?

In the beginning, there were a handful of days that we waited for. Of course, birthdays and anniversaries and long weekends topped the list, then only to be joined by the End Of Season Sale days. Today, with the...

Bata renews focus on Gen Y, lines up youth-oriented launches

Present in India for over 80 years, shoemaker Bata is renewing focus on the young generation by lining up new launches in youth-oriented space through its sub-brands like Power and Weinbrenner even as the company is doubling advertising budget this...

Flipkart's new record: Sells 2 lakh Redmi Note 4 phones in first few minutes of sale

Flipkart claims it set a record of sorts of Monday selling two lakh units of the Redmi Note 4 within a few minutes of the sale being launched on the website. The sale drew a phenomenal response from customers in India,...

Flipkart ranked #1 amongst India’s most trusted e-tailing brands

A nationwide consumer study titled the 'The Indian E-tailing Leadership Index' - conducted by research firm Red Seer Consulting - says Flipkart is India’s most trusted e-commerce brand. For the fourth time in a row, Flipkart ranked overall number one in the study, scoring the...

Over 80 pc Indian youngsters use smartphone for shopping: Study

More than eight in 10 young adults use their smartphones for shopping, a survey has showed. The findings, by digital marketing firm Regalix, showed that a whopping 83 per cent used their advanced smartphones for some online retail shopping, emarketer.com...
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H&M opens 61st India store in Pune

The new H&M store is located at Kopa Mall.New Delhi: Swedish fashion brand Hennes & Mauritz (H&M) has opened...
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