DIPP secretary Ramesh Abhishek says govt won't allow 49% FDI in e-retail of limited inventory Indian goods
India has reportedly attracted $230 billion in FDI in the last four years and the ‘Invest India’ campaign is facilitating foreign investments worth $90 billion.
Amazon infuses India operations with additional capital of Rs 2,700 cr; total investments at Rs 25,241 cr
Ahead of the retail giant Walmart taking majority stake (77 percent) in India's e-tail major Flipkart for $16 billion in May, Amazon invested Rs 2,600 crore in its India operations.
SoftBank has been looking to push other investors such as Kalaari Capital and Nexus Venture Partners to get their approvals, but wasn't successful in convincing them
A lifeline for Snapdeal amid layoffs, mounting losses, exits; etailer to get $100-150 mn funding from SoftBank
The latest fund raising exercise could crimp the company's valuation to below $3 billion
Consumers have gone all-out to avail of the scorching pace of discount offers on various products , helping the online retail entities log record sales.
Monday's sales was more than double the company achieved in a single day sales last year
According to analysts, this year's festive sales may be impacted by recent guidelines by DIPP that bar e-commerce players from doling out discounts
Krishnamurthy's elevation is also seen as a move to reduce Binny Bansal's role at Flipkart's core operations in order to revamp operations at the etailer
Flipkart says Bengaluru, Delhi and Chennai emerged as the chart toppers in terms of visits from metro cities; Ludhiana, Lucknow and Bhopal from the non-metro cities.
E-retailers are so busy building revenues that they do not see it is in their interests to block the Chinese imports