Narayanan said while there would be some redundancies as a result of integration of the back-end functions of Myntra and Jabong, it will, however, be less than 10 per cent of the overall headcount
Investing in start-ups can be highly rewarding, but direct investing is not meant for everyone. For the majority of wealthy investors, taking the private-equity route could still be the better option.
The service is available in Bengaluru, Delhi, Mumbai, Kolkata, Noida, Gurgaon, Faridabad, Manesar, Navi Mumbai and Thane and will be scaled up to other cities soon
The start-up, which has invested $100 million over the past eight years, sells 50 million products.
India is the next major breeding ground for start-ups.
Some companies are already seeking review of the new norms.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
Prime Minister Narendra Modi had announced the policy last month.
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
Flipkart intends to use the funds for building and strengthening its technology capabilities, bolstering the robust supply chain and developing the talent pool.
Prime Minister Narendra Modi and industrialist Mukesh Ambani feature amongst the most searched personalities online this year, according to search engine Yahoo.
Amazon has emerged a competition for posterboy of Indian e-commerce Flipkart.
Most of Flipkart's business came from consumer electronics.
The community has taken offence to being wrongly stereotyped as watchmen in the ad which also plays on an exaggerated Hindi accent to seem funny
Flipkart has started working on it big day sale around six months ago.
These start-ups are different from the ones that have made it big in India.
Contributors to Team Indus project will have names etched on an object going to space.
Anjuli Bhargava discovers how the Buddha Fellowship is attracting India's brightest minds to solve its problems.
The top posts on social media from your favourite Bollywood celebrities.
Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.
People who have worked with Mukesh Bansal describe him as approachable and extremely polite but someone who likes to maintain a strict work schedule.
The e-commerce firm said 1.5 million people shopped at its portal on October 6.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
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Buyers complain about server errors, allege discounts were 'not real'.
The deal that promises to make Flipkart a leading force in fashion segment - estimated at Rs 3 lakh crore - came after hectic weekend parleys.
Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
Policy constraints may prevent many of the global retail giants from reaching their full potential.There are too many restrictions right now in the sector and policy makers lack clarity.
Who invested how much into Flipkart in its latest round of $1 billion funding? Vicky Nanjappa/Rediff.com finds out.
IT sector has lots of hope from the Union Budget 2014-15.
On Tuesday, while several consumers took to social media to share their grievances about the Snapdeal site crash, many others said they visited the website to either compare prices or for window shopping.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
With the festive season approaching, e-tailers are going all out to woo consumers.
Loses notional value by 37.5% because of markdowns by investors
The company, which recently hit the run rate of $1 billion in gross merchandise value ahead of the target date, is the largest mobile phone retailer in the country, counting online and offline stores, estimates show.
It took Flipkart a little over 24 hours to complete due diligence and come up with a final offer that was $20 million higher than what Snapdeal was ready to forfeit.
TIME said a record 45 people on this list are under 40 -- including the youngest designer ever, 14-year-old actor Millie Bobby Brown -- and a common theme in the tributes is how much people can learn from them.
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
Alnoor Peermohamed & Raghu Krishnan find out why the new CEO is said to be the perfect man for turning around Flipkart's fortunes.
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