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Flipkart Under Investigation For Allegedly Bribing Government officials!

Flipkart Plus
Flipkart is under the internal investigation of Walmart, which is screening the asserted records of regulatory and internal compliance failures. The investigation is primarily focused to find the possible kickbacks paid by Flipkart to establish fulfilment centres (FCs) aka the logistics park across India, particularly in Bengaluru.This curated investigation has significantly stalled the advancement of one of the Flipkart’s...

India Ecommerce Market: $65 Billion By 2023, Flipkart to Leapfrog Amazon

Flipkart sales growth
Gauged in terms of revenue and market capitalization, Amazon is the lead player in India's eCommerce marketplace. The global e-commerce major's sales revenue alone is estimated to clocked $8.8 billion in 2018. Being prominent and might Amazon never let its peer competitors succeed in terms of market value in any means. However, market analysts expect that after the acquisition of...

Flipkart In Dire Straits With Increased Expenses, and Losses Surging Five-Fold!

In what would be the most self-evident scoop on the plate, Singapore-based Flipkart Group has seen a surge in its total revenue, which, fortunately, has increased at a dramatic pace! The revenue of Flipkart Group during FY'18 ending March 2018, increased over 50%, to Rs 30,164 crore. But does that mean Flipkart is all up for a windfall and is...

New E-Commerce Policy Draft: No Relief For Flipkart And Amazon India

India ecommerce market
India has outlined a new draft policy to govern its rapidly increasing ecommerce market. And, no one more than Amazon India and Flipkart would be disappointed with it.The new policy outlined Saturday aims at providing greater protection and support to homegrown etailing firms, perhaps taking a cue from China where Alibaba, Baidu and Tencent have gone on to become global...

India Ecommerce Market: $200 Billion By 2027, Slower Growth Than Expected Earlier

India ecommerce market
The India ecommerce market growth is estimated to miss the market expectations as e-commerce juggernauts which was earlier going full throttle seems to have slowed down ever since the new FDI rules kicked in on February 1, 2019.Morgan Stanley, the US-based banking and financial services expert, has revised its estimates for the Indian e-commerce sector, citing a number of reasons for...

Walmart May Exit Flipkart Amid New FDI Rules: Morgan Stanley

The new Foreign Direct Investment (FDI) rules which kicked in on February 1, 2019, have come as a huge jolt for the ambitious US-based retailer Walmart.The behemoth had decided to join the huge Indian e-commerce feast barely a year ago by paying an astoundingly huge $16 billion to acquire a 77% stake in the Indian retail juggernaut Flipkart. Walmart May...

Amazon, Flipkart Sales Down By A Third, Lost $50 Bln In Three Days

The new FDI policy which kicked in on Feb 01, 2019 has applied brakes on the Indian e-commerce juggernaut spearheaded by Amazon and Flipkart.Since the new FDI rules came into place three days ago, sales at Amazon and Flipkart have already dipped by nearly 30%. Together, the two have reportedly lost more than $50 billion in market cap. While...

eBay All Set for an Indian Relaunch As New FDI Rules Kick in Today

eBay could be the game changer in India eCommerce market amid the new FDI rules.As the new rules for Foreign Direct Investment (FDI) came into effect from today, the e-commerce scenario in the country is poised for a major change. The giants in this arena, Amazon and the now Walmart backed Flipkart, who had hitherto been riding high on their...

With New eCommerce Platform Mukesh Ambani Locks Horns With Flipkart And Amazon

India's the largest business group, Reliance Industries (NSE: RELIANCE) is all set to lock horns with Flipkart and Amazon with soon-to-be-launched a new age eStore! Aimed at bolstering the small retailers, this business is against the "data colonisation" by foreign businesses, as stated by Mukesh Ambani.Reliance Industries has aced well in the retail business. The kind which goes on to...

Revised Foreign Investment Policies May Hit The India E-tail Like Tons Of Bricks! [REPORT]

With India e-tail market bowled over with new foreign investment policies, brick and mortar retailers can be high on the hog! Apparently, CRISIL noted that with revised restrictions over equity ownerships in sellers, the supply chain needs to be altered in case of e-retailers. On a completely dramatic turn of events, this change in the e-retailing supply chain can...

Most Popular Smartphones In India 2018: People Preferred Notch, Dual Camera And Flipkart

online smartphone sales india 2018
Now that 2018 has ended, it might be a good time to look at the evolution of India smartphone market last year. New trends were observed, while other trends died away. Some platforms profited from selling them, while others could not. A new report, titled "Smartphone Industry Trends", by PhoneCurry - recommendations, reviews and comparison site -  provides a detailed overview...

Xiaomi And Samsung Made The Most of Diwali Festival Season

The exploded adoption of smartphones in India has made festival seasons even more memorable. According to Counterpoint Research, smartphone sales in India during the Diwali festive season (October 9 - November 8, 2018) grew a significant 26% compared to the last year's festive season. The growth was largely driven by the top two e-commerce giants Flipkart and Amazon through...

Flipkart’s Overall Loss Up By 70% In FY18 Amid To Ongoing Spending War

Flipkart revenue loss
Flipkart India, the wholesale entity of the country’s largest online retailer is being given a raw deal! With a loss that accounts to a staggering nine-fold, the retailing giant owned by US-based Walmart Inc., had a tough financial year.According to regulatory filings of the two main entities that control the India business i.e., Flipkart India and Flipkart Internet, the...

Flipkart And Amazon To Sell Smartphones Worth $850 Million In Just Five Days

India Online Smartphone Sales
It's raining discounts by Flipkart and Amazon India and smartphone shoppers are going to make the most of it!The smartphone sales during ongoing Big Billion Days sales and Great Indian Festival is expected to set a new record during this festive month. Smartphones worth $1 billion would be sold during this five-day festive season and Flipkart and Amazon would...

Flipkart Big Billion Days Sale: Huge Discounts On Smartphones, Upto 62%

flipkart big billion days sale discount on smartphones
Yes, it is that time of the year again. Flipkart's 4-day festival, the Big Billion Days sale, is finally back again. Although competition for Flipkart has definitely increased in the e-commerce category in the recent years, the Big Billion days are treated with the same fanfare that they were on their first instance of occurring. And one of the major...

Flipkart Employees To Become Millionaires As Walmart To Buy ESOPs

Walmart buying Flipkart ESOPs
Flipkart employees are expected to strike gold through the deal of acquisition of the e-commerce giant by Walmart. Flipkart has recently allowed its employees - if they want - to sell their stocks to its parent company. The employee stock options present at their disposal had their valuation increased as a result of the deal. The increase in valuation...

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