At that time, co-founders Sachin Bansal and Binny Bansal had made a public announcement at a Bengaluru hotel, about a $1-billion fund raising, largest so far in the Indian e-commerce sector. A day later, Amazon issued a statement that it was investing $2 billion in India.
Snapdeal's rival Flipkart had last announced its GMV in March this year -- $1 billion. Many rounds of funding later, sources estimate Flipkart's GMV at about $3 billion, a figure Snapdeal is trying to catch up with.
So far as entitlements and privileges of a PM's wife are concerned, the rules, though, are not as clear.
The Narendra Modi-led National Democratic Alliance government, like its United Progressive Alliance predecessor, seems to be failing on suo motu disclosures under the Right to Information Act.
The threat may be a decade away, but it has brick-and-mortar sellers rethinking their strategies and banking on the govt to regulate online companies.
2,500 kg of sandalwood to Pashupatinath temple cost India Rs 1.9 crore, reports Nivedita Mookerji
Future, which recently tied up with Amazon in India to sell its fashion and food products exclusively on the American giant's marketplace platform, is looking at a gross merchandise value of about Rs 6,000 crore (Rs 60 billion) in the next three years from the venture.
Helping UK outlets get wearable devices, robotics; apps to identify empty kitchen jars and auto-order likely soon
The Prime Minister's Office has clarified that the total sanctioned strength of the PMO has been around 525 in the period 2011-14. As against this, the actual strength of the PMO in the years 2011, 2012 and 2013 was in the range of 407 to 411. The number has now declined to 385.
A source said the competition watchdog would by next month suggest 'structural remedies' that included selling key drug segments as conditions for clearing the country's largest pharmaceutical industry merger.
In fact, a $1-million initial fund has been announced to help developers build apps and new services, including for more local-language content, and a contest has been launched, too.
CCI investigation into predatory pricing likely
Bezos wears it on his sleeve, Nadella keeps it quiet
Secretaries were told to give their proposals at least 10 days ahead of a tour.
In spite of the mega IPO of Alibaba, Flipkart-Myntra is not thinking of a public offering at this point
Prominent print advertisements on Monday pitched Amazon's discount strategy against Flipkart's.
The chief executive of the e-commerce giant is making his second visit to India -- the first since Amazon entered this market.
Indian-American business leaders meet to discuss ways to make this initiative a success.
Prime Minister Narendra Modi is not taking along an industry delegation to the US but top representatives of India Inc are likely to travel to New York and Washington to be part of the power-packed business meetings and receptions being hosted for him.
No business delegation has been cleared yet for Prime Minister Narendra Modi 's visit to America from Friday.
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