In a major initiative towards making financial technology a high priority, top ecommerce marketplace Flipkart has appointed its chief technology officer Ravi Garikipati as the head of its fintech department with immediate effect. Flipkart chief executive Kalyan Krishnamurthy revealed this in an internal email to company employees on Tuesday. The engineering division of the company, […]
Paytm Payments Bank aims to become the world’s largest digital bank with 50 lakh accounts. The mobile-first bank has planned an investment of $500 million in know-your-customer (KYC) operations. On Tuesday, it was formally launched in the capital by Paytm founder and CEO Vijay Shekhar Sharma, who owns a majority stake in the company. The […]
Amazon India today has announced the launch of The Saheli Store on its platform which is a dedicated store for women entrepreneurs of the country to sell their locally produce products online. In collaboration with organisations that work to encourage women entrepreneurship, the program is in line with Amazon India’s vision, Amazon said this today. […]
An FIR has been lodged against e-commerce giant Flipkart‘s founders and a few other company officials for allegedly “cheating” a businessman to the tune of Rs 9.96 crore, police said today. Flipkart, however, dismissed as “false and baseless” the complaint by the businessman. The case pertains to ‘non-payment’ of dues by Flipkart to C-Store Company […]
Amazon.in will launch a special contest to identify and support product start-ups in India, that will see one successful company receive funding and mentorship to scale its offerings in India as well as markets in Europe and the US. In a statement on Monday, the online retailer said it had partnered with HAX, a global […]
Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts and bought more on their mobile devices, heralding a promising start to the key holiday season, according to retail analytics firms. US retailers raked in a record $7.9 billion in online sales on Black Friday and […]
As shoppers begin their holiday buying in earnest, some popular items appear to be TVs, electronics and toys like Hatchimals. Target said in a post on its website that popular deals included several big-screen TVs. In toys, it cited BattleBots and Hatchimals. Greg Foran, CEO of Walmart’s U.S. division, said Thursday that in the company’s […]
Major Australian retailers have come out fighting as American e-commerce giant Amazon prepares to launch its operations in the country. Woolworths, whose main operations include supermarkets, liquor retailing and discount department stores, has said it will step up its own online offerings, reports Xinhua. Chairman Gordon Cairns told the company’s annual general meeting in Melbourne […]
Shoppers Stop is hiring Rajiv Suri, head of Dubai-based Majid Al Futtaim Fashion, as new chief executive, according to two people aware of the development. The post had been lying vacant since January, when Salil Nair had put in his papers. A Shoppers Stop spokesperson declined to comment on the matter. Suri could not be […]
A survey participated in by 18,000 people has revealed that 62 per cent experienced significant variations between online reviews and the final product received. Many consumers have reported that a lot of the reviews on e-commerce sites are fake or planted, according to a survey conducted by citizen’s engagement platform LocalCircles. Asked if the consumers […]
