Its growth has been driven by discounts rather than enticing new customers to its platform
Terrific meeting with Narendra Modi. Always impressed, energised by optimism and invention in India. Excited to keep investing and growing," Bezos wrote on social networking platform Twitter.
However, many of these firms were facing an uphill task of convincing the people on the ground to return to work, as many are apprehensive of their safety.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium, its targeted and data driven approach and the increasing cost of offline channels for sales and distribution.
In the coming weeks, online retailers are expected to further raise the pitch with shopping festivals, discounts, and cashback offers.
Japanese companies are planning investments of about Rs 75,000 crore
From a IIM aspirant in 2005 to a IIM trainer in 2008, Vineet Patawari brilliantly used the experience gained during his college days to start not one, but three ventures namely Quickermaths.com, Fireup, and more recently CareerSkills to help students prepare and perform better. Here, he shares his entrepreneurial journey.
Flipkart has seen 33 per cent growth in past 6 months despite slowing e-commerce business and stiff competition from Amazon.
Sixty-five per cent of the company's sales are coming from Tier II cities and beyond, says the company CEO.
WhatsApp on Tuesday said its latest policy update does not affect the privacy of messages as the Facebook-owned company sought to address concerns around security of user data on the platform.
Strong demand for Apple's latest iPhone 6 and iPhone 6 plus smartphones has helped the Chinese market outsell the United States for the first time.
Online play is a priority now -- so far unthinkable in a business that's all about a meaningful interface with kirana stores.
Consumers are set to gain from discounts.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
A June 11 survey by cLocalCircles across 299 districts puts overall vaccine hesitancy levels at 18 per cent, with 11 per cent of the respondents saying they were not convinced if the currently available vaccines would protect them against the new strains; and 5 per cent said they do not plan to take the vaccine at all.
Online marketplace majors, e-grocers, Internet of Things firms, app-based companies and transport service aggregators are among those that have had to shut shop or scale down operations. Now, survival skills like upskilling and retraining will determine who makes it.
Apple's online launch is a symbol of success for FDI in single-brand retail, though there's no indication of how much the Silicon Valley major would invest in the country.
Use a "virtual credit card" for every online transaction when you can't pay cash on delivery.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
Commerce and Industry Minister Anand Sharma today assured exporters of government mediation to ensure that they get foreign currency loans at the new lower rate set by the RBI amid complaints against banks levying additional charges.
Buying a three-year-old Maruti Alto/Hyundai Santro/Tata Indica and selling it two years later, results in an average cost of just Rs 50,000, according to a study on the used car market.
What is driving the digital-first approach of traditional, legacy brands? Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium.
Rising prevalence of work-from-home and e-learning is driving sales of notebooks and tablets for most brands, but Apple's superior performance has more to do with its product quality.
He said that land, a state subject, was a big destination of black money while reform in political funding was also important
The Dubai-based Lifestyle International runs a retail chain.
Walmart is rumoured to be looking to listing Flipkart in a few years. At that stage, we'll get a better sense of what's going on in retail, says Devangshu Datta.
India's Internet economy has two choices: An immediate $30 billion Sale-and-Leaseback or a $3 trillion value harvesting over decades, observes Vibhu Arya.
The new iPhone siblings will be available in India about a week before Diwali, the country's biggest festival.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
Xiaomi, which sells its phones exclusively through e-commerce website Flipkart.com in India, is looking to find a foothold in a market that has at least 80 different phone companies fighting it out for market share.
The Indian Air Force has asked its personnel and their families not to use Chinese 'Xiaomi Redmi 1s' phones, as it believes these phones could be transferring data to their servers in China and hence be a security risk.
Union Commerce Minister Nirmala Sitharaman said she will pursue the matter with the finance ministry
Here's a quick guide to navigating and ordering from global websites.
'When you don't have food to eat, will you be worried about the virus or the next meal?'
To promote localisation of manufacturing and reduce its import bill, the government increased basic customs duty on mobile handsets - from 10 per cent to 15 per cent.
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
Flipkart's value has eroded by a third from a peak of $15.2 billion to as low as $9 billion following several investor markdowns
The issue at hand is not ASEAN versus Chindia, but ASEAN plus Chindia. Given the strengths of ASEAN and the growing muscle of India and China, the scope for constructive cooperation is immense, he said.
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