Reliance to acquire Metro AG's India business for Rs 2,850 crore

Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant......

Flipkart burns over $3.7 billion cash in about a year till Sep 2022

E-commerce major Flipkart has burnt cash of $3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Photograph: Abhishek N Chinnappa/Reuters......

How start-ups are shaking up offline pharma business

>Bulk of the medicine sales in the $22-24 billion domestic pharma market happens through offline retail chemists. Illustration: Uttam Ghosh/Rediff.com With the entry of online pharmacies, this......

E-com sales may cross $9-bn GMV this season

E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019.......