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Tag: flipkart

Retail Asia06/03/2024
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E-Tailing

Flipkart invests US$54 million into Myntra

1min0
Myntra has secured a US$54 million investment from parent company Flipkart amid its tough competition with Reliance’s Ajio and Tata Cliq. This is Flipkart’s second investment in Myntra following $105 million in March last year. The new investment came as Walmart, Flipkart’s largest shareholder, committed $600 million to the India-headquartered parent company as part of […]
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Retail Asia08/03/2022
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E-Tailing

Flipkart Enters Strategic Alliance with Google Cloud to Advance Innovation in a Digital-first Future

4min0
Google Cloud and Flipkart, India’s homegrown consumer internet ecosystem, have entered into a multi-year strategic partnership to help fast-track Flipkart’s innovation and cloud strategy. This partnership will propel Flipkart into its next phase of growth and advance its vision of onboarding India’s next 200 million shoppers and lakhs of sellers. Working together, Google Cloud will […]
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Retail Asia26/07/2021
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E-Tailing

India court quashes Amazon, Walmart’s Flipkart bid to stall antitrust probe

6min0
An Indian court on Friday dismissed appeals by Amazon.com and Walmart’s Flipkart that sought to stall an antitrust investigation into their business practices, dealing a major setback to the U.S. firms in a key market. The Competition Commission of India (CCI) last year ordered an inquiry after allegations from brick-and-mortar retailers that the U.S. firms promoted […]
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Retail Asia16/06/2021
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E-Tailing

India to expedite Amazon, Flipkart antitrust probe

4min0
India’s antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behavior at Amazon.com Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said. The comments come as major U.S. technology firms including Twitter Inc and Facebook Inc are at loggerheads with the government […]
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Retail Asia08/03/2021
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E-Tailing

India’s Flipkart mulls US listing

3min0
Walmart Inc.’s Flipkart is exploring going public in the U.S. through a merger with a blank-check company as it seeks to quicken its listing process, according to people familiar with the matter. The Bengaluru-based online retailer has been weighing a U.S. initial public offering and it’s now also looking at other options, the people said. Flipkart’s […]
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Retail Asia02/06/2020
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E-Tailing

Flipkart loses bid to sell food online

2min0
Amazon-owned Flipkart has been blocked from entering the food-retail business by Indian regulators who had deliberated for almost a year on an application. Subsidiary Flipkart FarmerMart had applied to sell foodstuffs grown or manufactured in India online via its marketplace and on apps. However the company was told by the Department for Promotion of Industry […]
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Retail Asia17/03/2020
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E-Tailing

India’s Flipkart applies for food-retailing licence

1min0
Indian e-commerce platform Flipkart has filed for approval from regulatory authorities to conduct food retail in the territory. According to a Times of India report, The Walmart-owned business has made the application with the Department for Promotion of Industry and Internal Trade with the expectation of a decision within three months. The firm registered an […]
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Retail Asia27/09/2019
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E-Tailing

Indian traders lobby for ban on Flipkart, Amazon sales

1min0
The Confederation of All India Traders is asking the government to ban pending sales events to be held by e-commerce rivals Amazon and Flipkart. The confederation, which represents 500,000 merchants and traders within the country, claims that the heavily discounted online sales violate India’s restrictions on online retail for foreign firms. “By offering deep discounts […]
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Retail Asia13/08/2019
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E-Tailing

Walmart-owned Flipkart opens experience centre

1min0
Indian e-commerce platform Flipkart has opened a physical furniture experience centre in Bengaluru. The Walmart-owned firm’s 1800sqft store will retail around nine furniture brands, and is likely to be followed by two more similar outlets in the country. “The furniture category has traditionally had a strong presence offline,” said VP of furniture, electronics and private […]
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Retail Asia27/05/2019
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Fashion

H&M and Indian marketplaces Collaboration

1min0
Swedish fast-fashion label H&M is partnering with Indian marketplaces Jabong and Myntra to sell online. The association with the two local partners is structured to meet Indian regulations forbidding marketplaces from forming exclusive associations with brands, despite both Flipkart-owned e-commerce firms owning full online rights to eight global fashion brands. The Swedish retailer has been […]
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Retail Asia12/02/2019
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E-Tailing

Walmart bets on India despite change in FDI norms

3min0
American retail giant Walmart and its Indian e-tail major Flipkart are betting big on India despite the revised norms for Foreign Direct Investment (FDI) in e-commerce, the companies said. “Walmart’s and Flipkart’s commitment to India is deep and long term. Despite the recent changes in regulations, we remain optimistic about the country,” the regional Chief Executive Officer of Walmart […]
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Retail Asia07/02/2019
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E-Tailing

Optimistic about Indian market despite changes in new FDI policy: Walmart

3min0
US retail major Walmart, which invested $16 billion in Flipkart, Wednesday said it is committed to the Indian market and is optimistic despite recent changes in the FDI policy for e-commerce firms in the country, according to a PTI report. The Bentonville-based retailing major’s statement came after a recent report by global consultancy firm Morgan Stanley, which had hinted that Walmart may […]
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Retail Asia06/02/2019
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E-Tailing

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

3min0
Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report by Morgan Stanley said late Monday. According to the report, Walmart-Flikkart saga might turn […]
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Retail Asia05/02/2019
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E-Tailing

Snapdeal bats for new FDI policy in e-commerce from Feb 1

3min0
Leading Indian e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1. “Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that marketplaces are not misused to run inventory operations,” Delhi-based Snapdeal told IANS in a statement. The Ministry of Commerce and Industry on […]
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