The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window.
The US-based firm has marked down the value of Flipkart for the sixth time, the latest at a time when it has been struggling to raise funds at a valuation higher than or equal to $15.2 billion.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Myntra CEO Ananth Narayanan, who was earlier against the merger of the two fashion e-tail companies, is learnt to be meeting each Jabong employee one-to-one.
Here's a quick guide to navigating and ordering from global websites.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
The company is not holding plans for clarity on policy.
Will the next generation possess an even more internationalist outlook, and lose their Indian identities entirely? Will they continue to believe in a larger role for business in society and go beyond the boardroom to truly understand the Indian consumer, ask Geoffrey Jones & Vinay Sridhar of Harvard Business School.
RIL is also more profitable than Tata Motors.
Flipkart Supermart is already live in Bengaluru, Chennai, Hyderabad and Delhi
Big retailers are openly talking of plans to harness the power of big data, even reporting those in annual reports as part of a long-term strategy.
The company's search for a partner in India seems to be grounded once again
'Modi remains the most popular politician in India; the BJP's organisational and fundraising prowess is considerable; and the Opposition, while newly collaborative, has no leader or clear economic messaging as of yet.'
Before leaving on a 10-day foreign visit starting Monday, Sharma said he would address concerns of foreign retail sector investors and ensure help in setting up stores.
Dark pods are physical stores or warehouses which will be accessible only to Swiggy staff and which will host groceries, pharmacies, and cloud kitchens.
Bharti Retail will issue one equity share of Rs 2 each for every share of Rs 2 held in Future Retail
In a recent interview, Narendra Modi, set to take charge as prime minister in a few days, had said his government wouldn't roll back any policy in the sector.
Online grocers like Bigbasket and localbanya witness surge in sales.
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
In a major policy reversal, the AAP government wrote to the Centre to withdraw the approval given by the previous Sheila Dikshit government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
French giant might apply for multi-brand retailing if UK rival gets nod.
Taking advantage of the absence of Nestl's Maggi noodles, Patanjali launched its own atta noodles last month.
The two companies have been negotiating to remain separate entities after a merger.
Turbocharged with technology is becoming the Holy Grail of retail.
AAP, set to form the government in Delhi, had said it was opposed to foreign direct investment in multi-brand retail.
There have been significant changes in Gujarat, says Uttam Ghosh, as he captures the state in his camera.
The news that Welspun has run into trouble with one of its biggest US-based clients has stressed its suppliers and investors alike
.jpg)
The best way to put the economy back on track is to abolish income and corporate taxes, as this will not only raise confidence but also increase savings and boost growth, the Bharatiya Janata Party's Subramanian Swamy tells Faisal Kidwai.
Alnoor Peermohamed & Raghu Krishnan find out why the new CEO is said to be the perfect man for turning around Flipkart's fortunes.
Over the last two years, despite an amnesty scheme, only about Rs 2,500 crore of taxes have been recovered.
A 27-year-old Indian-origin woman, convicted of arson leading to her husband's death two years ago, has been sentenced to 20 years in prison by a court in the US state of Texas.
T E Narasimhan/Business Standard reports from Chennai on how the Future group plans to shore up its small store network in the South.
Our governments are easily prone to arbitrary decisions but if you are dealing with international firms, such arbitrariness can turn back and bite you, says T N Ninan.
The world awaits a creative breakthrough for mobile phone ads, says Ajit Balakrishnan.
Come and check us, we're always open and law-abiding, says co-founder of US-based entity selling in India, after Delhi Police asks govt to track some e-commerce sites.
Instead of announcing new schemes, focus will be on those already announced and key sectors.
Asking the government to tweak FDI norms in multi-brand segment, retailers said sourcing rules must be made similar to that of single brand while demanding foreign firms be allowed to put only 50 per cent of first tranche of investment in back-end infrastructure.
.bmp)
Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
