E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares, according to the draft red herring prospectus (DRHP). According to market sources, potential listing could value Snapdeal at about $1.5-1.7 billion.
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's retail behemoth.
There are umpteen cases where travel websites and airlines advertise tickets for unbelievably low prices, without mentioning taxes and other charges.
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
From convincing film-makers to do shows for online, to having a slate with some of the best films and shows, Amazon Prime Video has come a long way since it came to India four years ago.
'Today, we have 150,000 orders a month. And a monthly sale of Rs 1 crore.'
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.
Traditional textile and art forms are being adapted into modern-day garments, ranging from the super-luxurious to the casual.
There are several more innovative ways to eat fries.
The second day of pre-Diwali Dhanteras witnessed a tepid response from shoppers on Friday as gold and silver sales have likely to be fallen by up to 35 per cent year-on-year due to high prices and COVID-19 induced financial distress, although consumers moved to online buying to make most of the festival, jewellers said. The buying was heavily restricted to light weight jewellery, coins and precious stones due to lower purchasing power and high gold rates, they said. Due to the fear of coronavirus infection, many customers who had booked in advance were taking delivery of wedding orders on Friday, while some were seen buying safely through online brands like Tanishq and Melorra.
Crab and pineapple are the hero ingredients in this comforting noodle soup.
Ratan Tata has invested an undisclosed amount in an entity catering to pet care.
No alcohol was served in bars, pubs, restaurants and hotels and none could be bought either as permits expired on July 31.
Photo-messaging app Snapchat on Wednesday said its monthly user base has reached 100 million in the country, and the company will continue to anchor its efforts towards growing and providing more resources to its community of Indian creators. Snap Inc, the parent company of Snapchat, virtually hosted the second edition of 'Snap in India'. At the event, Snap co-founder and CEO Evan Spiegel announced the milestone of reaching 100 million Snapchatters monthly in India.
The National Investigation Agency Wednesday registered a case under the anti-terror Unlawful Activities (Prevention) Act in connection with the 'heinous murder' of a tailor in Rajasthan's Udaipur by two people who, the agency said, wanted to 'strike terror among the masses across the country'.
The ban by the Delhi government was imposed after a large number of ducks at Sanjay Lake and crows at various parks were found dead in the past several days.
Paytm is banking on its offline network of merchants to fight bigger rivals Amazon and Flipkart
Fusion dessert fans, have a look at this fancy recipe!
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
Their startup investments number 13 so far, compared to 17 deals in 2020.
This was because of the closure of retail shops and factories after the nationwide lockdown was imposed to prevent spread of Covid-19, and a sharp increase in the metal's price.
After six weeks into the second half, the faltering offline channel, which traditionally rakes in 60 per cent of sales for the market, has become the biggest hurdle towards the path of revival.
West Bengal Chief Minister Mamata Banerjee on Wednesday took stock of the COVID-19 situation in the state, shortly after her swearing-in ceremony, and announced fresh curbs to combat the spread of COVID-19, including suspension of local train services.
Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally.
Crispy wedges of nutty-tasting purple yam or kand make for a great snack break.
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
'Switch to digital mode. Read e-newspapers, e-books. Pay bills online; it is cheaper,' suggests Vijaylaxmi Unney.
Gifts for loved ones, spending on yourself on impulse buying on EMIs and credit cards can leave your financial health completely stressed by the end of the year, says Harshala Chandorkar, Senior Vice President -- Consumer Relations, CIBIL
Amazon has emerged a competition for posterboy of Indian e-commerce Flipkart.
Road and rail traffic was partially affected in some regions on Monday during a 'Bharat bandh' called against the Agnipath military recruitment scheme, while protests appeared to taper off in many states, with authorities stepping up security and imposing curbs after days of unrest.
Indian Sellers Collective (ISC), a trade association of micro and small enterprises and family businesses, on Wednesday urged IT veteran NR Narayana Murthy to cooperate in the Competition Commission of India's antitrust probe against Amazon for alleged anti-competitive practices. In 2014, Murthy's Catamaran and Amazon had formed a joint venture, Prione Business Services. On Monday, the partners announced that they have mutually decided not to continue the JV beyond May 2022. ISC thanked Murthy for deciding to end the joint venture with Amazon.
Explore ingredients that you may have never thought to use or need to use better.
Sources said a merger could benefit both as Grofers' private labels business would be a draw for Zomato, as well as its experience in the online grocery delivery space.
The suggestions submitted to the Centre on Thursday evening also recommended restarting construction activities and allowing movement of labourers within the city, sources said.
Food safety regulator FSSAI has mandated food business operators to mention FSSAI licence or registration number on cash receipts or purchase invoice with effect from October 1 this year. The Food Safety and Standards Authority of India (FSSAI) has issued a latest order in this regard. Since complaints remain unresolved due to lack of specific information, this move will help consumers who can lodge an online complaint against a particular food business using the FSSAI number, it said.
The movement of maids, cooks, drivers, house help, nurses, and medical attendee providing service to senior citizens and ailing people at home will be allowed between 7 am and 10 pm on all days during the restrictions, including the weekend lockdowns.
5 precautionary measures you must take to prevent any misuse of your credit card.
The coronavirus pandemic has not impacted India's long-term growth trajectory although it has delayed it and in this decade, the country will lead the global growth rates, Tata group chairman N Chandrasekaran said on Tuesday. Speaking at tech giant Microsoft's annual flagship event, Future Ready, he said it should be a national priority to enable access to healthcare and education using digital infrastructure for all in the country, considering how the acceleration of digital adoption during the pandemic has created a divide as many people, who do not have the means and access, have been left behind. "There are many things going for India. I think as the economy fully opens up post the pandemic, I believe that our growth will continue to get stronger.
'People are distressed that the central government is fighting everyone'
From shopping online to doodling on social networking sites, surfing at workplace is on the rise.
