Govt to look into Flipkart, Amazon festive discounts after retailer complaints; e-commerce firms say they have complied with rules
The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters
Amazon creates over 90,000 temporary jobs, rival Flipkart hires more than 50,000 ahead of festive sales
E-commerce giant Amazon and Flipkart have created over 1.4 lakh temporary jobs across the supply chain, last-mile connectivity and customer support in preparation for their festive sales that kicks off later this month
As per RedSeer's latest report, Flipkart had a 51 percent share, while Amazon.in had a 32 percent share of the festive sale from 9-14 October.
Paytm Mall sees 3X jump in transactions during festive sale; mobiles, laptops, groceries drive growth
Paytm Mall claimed that its platform has already received 50 million visitors this month and the increased traffic has contributed to higher sale for the Alibaba and SoftBank-backed entity.
Lower than expected smartphone sales during Diwali might push brands to extend offer duration: Report
The Diwali discounts and offers provided by smartphone brands might get extended for few more weeks or months because of the less than expected sales this season.
Diwali shopping: Has festival of lights boosted sales? Yes, say modern retailers; dampener, say small traders
While modern retail says that there have been a 12-14 percent increase in sales, there are many who insist that the numbers are nowhere near 2016 figures and vouch for a sharp 40 percent decline.
E-tailers are on track to generate highest-ever monthly sales over the course of the festival period this year
Amazon claimed it received orders from locations like Leh and Lakshadweep, which are difficult terrains to service.
E-commerce players, including Flipkart, Amazon, Paytm, and ShopClues are holding festive sales on their platform currently, offering deals and discounts to customers across categories like fashion, electronics, and household items.
The US etail major exudes confidence and says it will soon displace the Kunal Bahl-controlled firm from the number one position
Flipkart still king of online retail; outsells rival Amazon with Rs 3,000 cr gross sales in 5-day event
The company's flagship Big Billion Days (BBD) sale event registered gross sales of approximately Rs 3,000 crore during the five day event