flipkart
Flipkart opposed the petition under the Insolvency and Bankruptcy Code, contending that it is a profit-making company with sufficient financial strength. It also contended that CloudWalker has failed to produce Purchase Orders or invoices to support the claim.
Karnataka High Court stays insolvency move against Flipkart
07 Nov 2019 1:32 AM

The NCLT accepted the petition filed by Mumbai-based CloudWalker Streaming Technologies, an LED TV supplier to Flipkart.

Walmart-owned Flipkart and rival Amazon were forced to overhaul their business models, having been upset by changes made late last year to rules governing foreign direct investment for e-commerce marketplaces.
Walmart chief seeks stable business environment from Modi: Report
22 Oct 2019 2:59 PM

In January, Walmart told the US government privately that India's new rules were regressive and had the potential to hurt trade ties.

E-commerce companies have no right to offer discounts or adopt predatory prices. Selling products cheaper and resulting the retail sector to incur losses is not allowed, said commerce minister Piyush Goyal in Mumbai on Thursday. (Photo: File)
Govt probing Flipkart, Amazon for alleged discount sales: Piyush Goyal
18 Oct 2019 3:40 PM

Detailed questionnaires have been sent to Flipkart, Amazon and their response is awaited, said commerce minister Piyush Goyal.

In line with the Government of India's FDI policy, which allows 100 per cent foreign direct investment (FDI) in food retail for food produced and manufactured in India, Flipkart is applying for appropriate licenses from the government, Flipkart Group CEO Kalyan Krishnamurthy said in a statement.
Flipkart one ups against Amazon; to set up food retail unit in India
15 Oct 2019 4:58 PM

Flipkart did not comment on the investments planned for the new venture.

Paytm Mall business is close to break-even, USD 3 million EBIDTA loss a month and USD 1.2-1.3 billion run rate. In a day, we do 275,000-300,000 orders a day. In festive season, this peaks to half a million orders a day, double of the average day, said Paytm founder Vijay Shekhar Sharma.
Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma
14 Oct 2019 8:36 PM

Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts generating cash.

Last week, senior officials of the Department for Promotion of Industry and Internal Trade (DPIIT) held a meeting with the representatives of Amazon and Flipkart following a complaint by the Confederation of All India Traders (CAIT).
Traders' body seeks govt audit into business models of Amazon, Flipkart
14 Oct 2019 8:08 PM

...both Amazon and Flipkart in a clandestine manner refuted the issues raised by us even after showing relevant evidences, said CAIT.

The report said rivals Flipkart and Amazon, which hosted their festive sale from September 29 to October 4, dominated the sale with over 90 per cent share.
E-tailers could see USD 6 billion sales this festive season: RedSeer
08 Oct 2019 7:30 PM

In the first phase of the festive sale, E-commerce companies are estimated to have registered sales of close to USD 3 billion.

Both, the “Big Billion Days” sale and Amazon’s “Great Indian Festival”, will finish on Oct 4, according to their websites.
Amazon, Flipkart make record first-day festive sales in India
30 Sep 2019 3:35 PM

Amazon reported record sales of about 7.5 billion rupees (USD 7.07 million) in 36 hours in the premium smartphone brands category.

Amazon said it has created seasonal positions in cities like Mumbai, Delhi, Hyderabad, Chennai, Bengaluru, Ahmedabad and Pune.
Amazon, Flipkart create over 1.4 lakh temporary jobs ahead of festive sales
24 Sep 2019 3:59 PM

Flipkart has added over 50,000 direct jobs across its supply chain, logistics arm and customer support.

The Big Billion Days (TBBD), which will be held from September 29 to October 4, will see the company taking its "expansive selection to about 19,000 pin codes in the country," said Flipkart Group CEO Kalyan Krishnamurthy.
E-commerce can boost consumption, expect strong demand from small towns: Flipkart
23 Sep 2019 8:44 PM

A great deal of consumption appetite is coming from Tier II and III markets said Flipkart's CEO Kalyan Krishnamurthy.


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