Amazon, Flipkart festival sales beat slowdown blues, US firm claims No.1 spot

Amazon, the US-based online retailer, released a bunch of numbers on the final day of its five-day festival sale to paint a surprisingly rosy picture of its performance during the biggest sales event of the annual online calendar. Notable among the numbers was a 15-fold jump in the sales of smartphones during the sale period, […]

Amazon slowed investment into India due to protectionism – Wilbur Ross

US Secretary of Commerce Wilbur Ross today said that e-commerce giant Amazon, one of the biggest foreign investors in India, had scaled down its plans for investments in this country after the government came up with new, protectionist and restrictive ecommerce rules. In what was seen as a nasty blow to the likes of Walmart […]

Amazon buys into Quess Corp’s repairing unit

Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses in India, said it has entered into an agreement with international e-commerce giant Amazon.com relating to investment in and operations of an electronics aftersales company. Though the finer details of the agreement were not revealed, the agreement could be aimed at diversifying the […]

Mukesh Ambani: Reliance Jio To “Shortly Launch” E-Commerce Venture With 3 Cr Sellers

Even as Amazon and Flipkart find their business models crippled by new changes in the law, India’s richest man Mukesh Ambani announced that his upcoming e-commerce venture will partner with 3 cr sellers, making it the biggest such platform in the country by number of sellers. “Jio and Reliance Retail will shortly launch a unique […]

Reliance Industries to enlist local stores to fight Flipkart, Amazon

Mukesh Ambani, chairman of Reliance Industries group, today said that his company is working on creating a pan-India e-commerce platform that will help small, offline shops compete with players like Amazon and Flipkart. The platform will work by making the inventory of small shops available for purchase online using a sophisticated web and app interface […]

RIL invests Rs 9.5 cr in Gurgaon-based Fashion startup

Reliance Industries, the parent of Reliance Retail, said it has acquired a 12.5% stake in a fashion company called Future101 Design Pvt Ltd at a cost of Rs 9.5 cr. The Gurgaon-based company designs and manufactures garments such as ladies kurtis and men’s shirts. “Future101, incorporated in July, 2013 is engaged in manufacturing, distribution and […]

Kishore Biyani unveils big expansion plans for Future Group this year

Kishore Biyani, head of Future Group, outlined mega expansion plans for his retailing business for the next 12-15 months in the context of the entry of WalMart into India’s retailing sector. “Our plan is to add 1,000 small stores over the next 12-15 months,” Biyani told CNBC-TV18 in an interview. “Our plan is to open […]

Walmart-Flipkart deal to change offline retail in India – CMR

CyberMedia Research, the market research arm of the CyberMedia publishing group, has predicted that the $16 bln acquisition of Flipkart by WalMart, the world’s largest retailer, will bring far-reaching changes in India’s retail sector, both online and offline. The news of the deal has already led to some response from offline retail players such as […]

Future Group cos say no decision on selling 10% stake

Companies belonging to the Future Group, which runs India’s largest super market chain Big Bazaar, said they have not taken any decision on selling a minority stake to any global retailer. Their comments came in response to a clarification sought by the stock exchanges into a news report that quoted Future Group founder Kishore Biyani […]

Hero MotoCorp launches e-commerce portal for selling genuine parts

Hero MotoCorp has launched online shop for consumers to buy genuine parts and accessories for their Hero scooters and motorbikes. The portal, www.hgpmart.com, will be run by the company directly. However, it will tap close to 100 distributors in a ‘hub and spoke’ model for fulfillment. Consumers can buy any part by following a step-by-step […]

Adani to enter e-commerce with grocery app ‘Fortune Online’

Adani Wilmar, the company that markets ‘Fortune’ brand of food products in India, is all set to enter the online grocery sales business with a new e-commerce portal and app called ‘Fortune Online’. The company has hired Ahmedabad-based Infibeam to set up an app for the same. Infibeam will be responsible for developing and maintaining […]

Yes Bank launches impulse buying app ‘Tap To Shop’

Trying to differentiate itself from regular ecommerce websites and apps, Yes Bank has launched an impulse buying app known as Tap To Shop. Unlike regular online shopping apps, Tap To Shop will be focused exclusively on delivering deals that are not available at most times. The customer must have installed the Yes Pay wallet on […]

SpiceJet enters offline retail, offers free tickets to Goa, Bangkok

Airline SpiceJet said it has opened its first physical store under its new ‘SpiceStyle’ retail brand at Galleria Mall in Gurgaon, near Delhi. The launch of its first physical store marks SpiceStyle’s entry into the offline segment besides its ecommerce portal and a brand store launched in association with Amazon. It also announced freebies, including […]

SpiceJet enters e-commerce business with Amazon

SpiceJet, arguably the most aggressive low-cost carrier in India, has entered the e-commerce business with a new venture named ‘SpiceStyle!’ and also tied up with online giant Amazon. Products from the company will be available via the eponymous website, as well as on Amazon. The unit has been created as a subsidiary of SpiceJet. SpiceStyle! […]

Will OnePlus 3 from Flipkart get warranty support from manufacturer?

OnePlus 3, arguably the most successful premium phone of 2016 in India, may not get warranty support from the manufacturer if purchased from Flipkart, going by a statement by the company. The company issued a statement that seemed to suggest that Flipkart’s sale of the model is not authorized by the company. “We have an exclusive partnership […]

Nike starts online sales in India

US sports goods manufacturer Nike has started online retail operations in India via its portal Nike.com. India-based users can now order from the global portal and have it home delivered. Earlier, only certain markets such as Australia, Hong Kong and Indonesia were being served by the online division of the company, arguably the world’s biggest […]

NewU launches new beauty brand Jaquline USA

Dabur India Ltd’s beauty retail venture, NewU said it was bringing the make-up and beauty brand — Jaquline USA — to India. The new brand Jaquline USA will feature a range of make-up & beauty products. “NewU is the first Indian company to enter the Nail Care and Styling market with a range of products. […]

Shoppers Stop opens new MAC, Mothercare outlets

Indian retailing company Shoppers Stop Ltd. said it has opened one ´M.A.C´ door at New Delhi International Airport and one shop-in-shop ´Mothercare´ store at Orion Mall, Brigade Gateway Bengaluru. “By opening these stores the company has now 40 M.A.C doors and 41 Mothercare stores under its operations,” said the company. The company said its 51% […]

Infibeam to offer Ecommerce solutions in Middle East & Africa

Infibeam Incorporation Limited, a Indian ecommerce company, said it entered into licensing agreement and joint venture with Dubai-UAE based KSK capital for offering “e-commerce solutions to merchants and consumers” in about 40 countries in Middle East & Africa. It was not clear whether Infibeam would provide the back-end software and platform for the project or […]