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Manish Maheshwari to be the new CEO of Web18

Manish Maheshwari will be joining as chief executive officer of Web 18. He has recently resigned from his duties and responsibilities as head of seller marketplace and ecosystem at Flipkart. In his new role, Maheshwari will head Network18's digital and...

Traders to protest against FDI in e-commerce

Traders from across the country have not welcomed the Government's decision to allow 100 per cent FDI in B2C online market and have decided to stage a protest against it. Around 10,000 trade organisations from across the country are...

Flipkart acquires payments venture PhonePe

The e-commerce site Flipkart has bought mobile payments venture PhonePe. However, the value of transaction is yet to be ascertained. PhonePe was started in December last by former Flipkart employees, Sameer Nigam and Rahul Chari. At present, there are 15...

E-commerce clarity may pave smooth path for Alibaba

The new rules on foreign direct investment in online marketplaces could accelerate the entry of overseas firms such as China's Alibaba Group, both as investors and retailers, and potentially alter India's e-commerce landscape given their deep pockets. According to a...

FDI in e-comm: End of pseudo marketplace models, say experts

While the new policy for foreign direct investment (FDI) in the fast-growing e-commerce sector has been welcomed by several lobby groups and offline retailers, experts note that a few implications of the new guidelines could leave some online players...

E-shopping sites can’t favour single sellers: Govt

Flipkart and Amazon will now have to cut down the dominance of certain products on their portal. As per the Government's injunction, no vendor or company will be allowed to account more than 25 per cent of its overall...

No more discounts: India's e-tailers run into losses

The e-commerce revolution hit India hard and fast. The easy availability of the Internet and the world of e-tailers changed the way the great Indian middle class shopped. The online deals were great, the stuff e-commerce firms were selling was as good...

Biyani cries consolidation as Flipkart, Snapdeal fight on Twitter

The founders of Flipkart and Snapdeal - the two largest Indian e-commerce retailers - took their online rivalry onto the social media space. The trigger - Chinese e-commerce major Alibaba's entry into India. On Friday evening, Flipkart's Sachin Bansal tweeted:...

Mukesh Bansal and Ankit to launch fitness brands

Co-founder of Myntra, Mukesh Bansal, and Chief Business Officer, Flipkart Ankit Nagori have come together to launch a new company for healthcare, sports and fitness brands. With an initial investment of $5 million (Rs 33 crore), the new set up...

Flipkart to sponsor IPL 9 on Hotstar

For the ninth edition of the cricket tournament, Star India, which owns the digital rights of the cash-cum-controversy rich Indian Premier League, has roped in Flipkart and eight other sponsors on Hotstar. The brands that have already come on board...
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How the denim industry is keeping itself green

With the global denim segment projected to hit $95 billion by 2030, it poses a dual threat to both...
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