Myntra, Jabong to merge all functions; Ananth Narayanan remains CEO

Dearton Thomas Hector & Binu Paul

Myntra CEO Ananth Narayanan will continue heading the fashion e-tailer while sister company Jabong will keep operating as a separate ....

16 November, 2018

Walmart 'disappointed' with Flipkart situation but trusts bench strength

Payal Ganguly

US retail giant Walmart Inc. said it was confident about the leadership strength at Indian e-commerce unit Flipkart despite the ....

16 November, 2018
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Walmart's Q3 e-commerce revenue jumps 43% on online grocery sales

Reuters

Walmart Inc reported better-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong ....

15 November, 2018

Amazon versus Flipkart: Who is winning this year’s festive season sale?

Dearton Thomas Hector

In the carbonated beverages industry, the war between PepsiCo Inc. and Coca-Cola Inc. is legendary. There are plenty of examples ....

8 November, 2018

Flipkart sale, Oyo valuation gain help SoftBank post higher Q2 profit

Team TC

SoftBank Group Corp’s profit for the quarter through September jumped 78%, helped by gains from the sale of its stake in ....

5 November, 2018

Flipkart marketplace’s FY18 loss narrows but wholesale unit sinks deeper into the red

Binu Paul

Walmart Inc.-owned Flipkart, India’s largest e-commerce company, has reported heavy losses for two of its key business units ....

29 October, 2018
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Walmart cuts earnings outlook on Flipkart buy, expects e-commerce growth to slow

Reuters

Walmart Inc lowered its earnings forecast for the year on Tuesday and said its e-commerce growth next year would be slower than ....

16 October, 2018

Walmart may replace Binny Bansal as group CEO at Flipkart: Report

Dearton Thomas Hector

Walmart Inc., which acquired Flipkart earlier this year, may replace the Indian e-commerce company's group chief executive ....

24 September, 2018

Walmart’s $16-bn Flipkart stake buy gets antitrust approval

Payal Ganguly

India’s antitrust regulator has approved Walmart Inc’s purchase of a majority stake in e-commerce company Flipkart, ....

8 August, 2018

Flipkart stake sale boosts SoftBank's April-June profit by 49%

Reuters

Japan’s SoftBank Group Corp on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale ....

6 August, 2018
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Sellers raise concerns as Flipkart delays payments, firm blames tech glitch

Binu Paul

A number of sellers have taken to social media platforms raising concerns over delayed payments from the Flipkart group, though ....

28 May, 2018

SoftBank says selling entire Flipkart stake to Walmart

Dearton Thomas Hector & Shweta Sharma

Japanese telecom and Internet conglomerate SoftBank Group Corp has confirmed it will sell its entire stake in Indian online retailer ....

23 May, 2018

Walmart’s quarterly US e-commerce sales growth accelerates

Reuters

Walmart Inc, the world’s biggest retailer, posted a rebound in its U.S. e-commerce business on Thursday and beat profit ....

17 May, 2018