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Amazon, Flipkart Found to Have Violated Indian Quality Control Rules During Warehouse Raids
Raids on Amazon, Flipkart warehouses operated by both firms, conducted on Wednesday by the Bureau of Indian Standards in the Tiruvallur district of the southern Indian state of Tamil Nadu, found that the firms had violated rules by storing, selling and exhibiting products that did not carry the BIS standard mark, a government statement said.
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Google Said to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Google will invest $350 million in Walmart-backed Flipkart, and pick up a minority stake in the e-commerce firm. The latest funding round, led by biggest shareholder Walmart, values the firm at $37 billion. Flipkart said in a statement that Google will join in as an investor in the latest funding round for the Bengaluru-based company.
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E-Commerce Majors Amazon, Flipkart Welcome to Join Network, Says ONDC Head
E-commerce majors such as Amazon and Flipkart have been invited to join India's digital public infrastructure Open Network for Digital Commerce (ONDC), said the network's Chief Executive Officer T Koshi. "They are looking at (ONDC) seriously and we believe that whenever they feel comfortable with respect to their current scale and size of the opera...
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Flipkart, PhonePe Complete Separation, Both Entities to Continue Operation Under Walmart
Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. Walmart will remain the majority shareholder of both business groups.
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Man Who Threw Acid On Delhi Girl Left Phone With Friend For Location Alibi
The three men arrested for allegedly throwing acid on a 17-year-old schoolgirl in Delhi planned the attack meticulously down to the minute detail to mislead investigators, the police said in a statement today.
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Amazon, Flipkart Must Face Antitrust Probe in India Over Allegedly Promoting Some Sellers, Supreme Court Says
Amazon and Flipkart must face antitrust investigations ordered against them in India, the country's Supreme Court ruled, in a blow to the leading e-commerce giants that had urged judges to quash the inquiries.
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These Bracelets Are So Pretty, You Won't Want To Take Them Off
Look anything but ordinary with these stylish bracelets from Flipkart
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Coronavirus: Here’s What Amazon, Big Basket, Flipkart, Other E-Retailers Saying About Services During Lockdown
As 21-day lockdown comes into effect, e-commerce platforms have issued statements to give more clarity to their customers.
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After Centre's Jeff Bezos Snub, An Amazon Offer, A Retreat: 10 Points
Jeff Bezos, snubbed by the government during his three-day India visit, put out a statement today promising to create an additional 10 lakh jobs in the country by 2025. The Amazon CEO, whose request for a meeting with Prime Minister Narendra Modi was reportedly rejected a month back, said: "I fall more in love with India every time I return here." ...
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Flipkart, Axis Bank Credit Card To Be Launched This Month: Cashback, Other Benefits Explained Here
E-commerce major Flipkart has partnered with private sector lender Axis Bank to launch a co-branded credit card. The new co-branded card - powered by payments processor Mastercard - will offer benefits such as a 5 per cent cashback on purchases made on Flipkart, Myntra and 2GUD platforms and a 1.5 per cent cashback at more than 4000 restaurants acr...
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Walmart's Flipkart, Startup GOQii Settle Dispute Over Sharp Discounting
In a joint statement on Friday, the companies said the dispute had been resolved and GOQii health devices would again be available on Flipkart.
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E-Commerce FDI Policy Bars Foreign Investment in Multi-Brand Retail: Government
The Department of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in the business-to-business (B2B) e-commerce segment
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Tighter E-Commerce Rules From February 1 Likely To Hit Amazon, Flipkart
In a statement, the government said that the companies will be prevented from entering into exclusive agreements with sellers.
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"Binny Bansal Denies Personal Misconduct Allegation": Walmart's Full Statement
Mr Bansal stepped down as chief executive officer of Flipkart Group, following a probe into serious personal misconduct, US-based Walmart said in a statement.
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Flipkart Group CEO Binny Bansal Resigns After Misconduct Probe: Full Walmart Statement
Walmart said that Bansal has strongly denied the allegations of "serious personal misconduct."
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Amazon, Flipkart Found to Have Violated Indian Quality Control Rules During Warehouse Raids
Raids on Amazon, Flipkart warehouses operated by both firms, conducted on Wednesday by the Bureau of Indian Standards in the Tiruvallur district of the southern Indian state of Tamil Nadu, found that the firms had violated rules by storing, selling and exhibiting products that did not carry the BIS standard mark, a government statement said.
-
Google Said to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Google will invest $350 million in Walmart-backed Flipkart, and pick up a minority stake in the e-commerce firm. The latest funding round, led by biggest shareholder Walmart, values the firm at $37 billion. Flipkart said in a statement that Google will join in as an investor in the latest funding round for the Bengaluru-based company.
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E-Commerce Majors Amazon, Flipkart Welcome to Join Network, Says ONDC Head
E-commerce majors such as Amazon and Flipkart have been invited to join India's digital public infrastructure Open Network for Digital Commerce (ONDC), said the network's Chief Executive Officer T Koshi. "They are looking at (ONDC) seriously and we believe that whenever they feel comfortable with respect to their current scale and size of the opera...
-
Flipkart, PhonePe Complete Separation, Both Entities to Continue Operation Under Walmart
Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. Walmart will remain the majority shareholder of both business groups.
-
Man Who Threw Acid On Delhi Girl Left Phone With Friend For Location Alibi
The three men arrested for allegedly throwing acid on a 17-year-old schoolgirl in Delhi planned the attack meticulously down to the minute detail to mislead investigators, the police said in a statement today.
-
Amazon, Flipkart Must Face Antitrust Probe in India Over Allegedly Promoting Some Sellers, Supreme Court Says
Amazon and Flipkart must face antitrust investigations ordered against them in India, the country's Supreme Court ruled, in a blow to the leading e-commerce giants that had urged judges to quash the inquiries.
-
These Bracelets Are So Pretty, You Won't Want To Take Them Off
Look anything but ordinary with these stylish bracelets from Flipkart
-
Coronavirus: Here’s What Amazon, Big Basket, Flipkart, Other E-Retailers Saying About Services During Lockdown
As 21-day lockdown comes into effect, e-commerce platforms have issued statements to give more clarity to their customers.
-
After Centre's Jeff Bezos Snub, An Amazon Offer, A Retreat: 10 Points
Jeff Bezos, snubbed by the government during his three-day India visit, put out a statement today promising to create an additional 10 lakh jobs in the country by 2025. The Amazon CEO, whose request for a meeting with Prime Minister Narendra Modi was reportedly rejected a month back, said: "I fall more in love with India every time I return here." ...
-
Flipkart, Axis Bank Credit Card To Be Launched This Month: Cashback, Other Benefits Explained Here
E-commerce major Flipkart has partnered with private sector lender Axis Bank to launch a co-branded credit card. The new co-branded card - powered by payments processor Mastercard - will offer benefits such as a 5 per cent cashback on purchases made on Flipkart, Myntra and 2GUD platforms and a 1.5 per cent cashback at more than 4000 restaurants acr...
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Walmart's Flipkart, Startup GOQii Settle Dispute Over Sharp Discounting
In a joint statement on Friday, the companies said the dispute had been resolved and GOQii health devices would again be available on Flipkart.
-
E-Commerce FDI Policy Bars Foreign Investment in Multi-Brand Retail: Government
The Department of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in the business-to-business (B2B) e-commerce segment
-
Tighter E-Commerce Rules From February 1 Likely To Hit Amazon, Flipkart
In a statement, the government said that the companies will be prevented from entering into exclusive agreements with sellers.
-
"Binny Bansal Denies Personal Misconduct Allegation": Walmart's Full Statement
Mr Bansal stepped down as chief executive officer of Flipkart Group, following a probe into serious personal misconduct, US-based Walmart said in a statement.
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Flipkart Group CEO Binny Bansal Resigns After Misconduct Probe: Full Walmart Statement
Walmart said that Bansal has strongly denied the allegations of "serious personal misconduct."
