Flipkart is also reportedly in talks with the Adani Group and the group is exploring sites across Indian states for new centres.
Flipkart's CFO has reportedly stepped down as the company expands its positions in the e-commerce market.
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BAMUL president D K Suresh writes to PM Modi, alleges investor-funded discounting by Flipkart is hurting dairy farmers.
Flipkart-backed PhonePe has temporarily postponed its public market listing, citing current geopolitical uncertainties and heightened market volatility.
Huawei is expected to make a comeback in Indian markets with a tablet. The company may soon launch MatePad 11.5.
Supreme Court’s Tiger Global ruling may tighten tax treaty claims and allow authorities to examine commercial substance in offshore structures. Experts say family offices, founders, and foreign funds using Mauritius, UAE, or Singapore routes may face higher scrutiny
As fears of an LPG shortage grow across India, households and businesses are rushing to secure alternative cooking options. Retailers in Delhi-NCR report a sharp spike in the sale of induction cooktops, with many families buying them as a backup amid delays in LPG cylinder deliveries. Major e-commerce platforms like Amazon and Flipkart have seen sales surge by more than 300 percent, with several induction cooktop models already going out of stock. Appliance markets across cities are witnessing a steady stream of customers looking for induction stoves as uncertainty around gas supply spreads. The trend is not limited to the capital. From Delhi to Chennai, traders say demand has jumped sharply, signalling growing anxiety among residents trying to keep their kitchens running.
IPO-bound PhonePe has recently filed its UDRHP with capital market regulator Sebi and the fintech major eyeing valuation around $9-10.5 billion, suggest some reports.
With reports of "Sold out" and "Unavailable" notices on leading quick-commerce platforms like Blinkit, Zepto, and Swiggy Instamart, customers are scrambling to secure electric alternatives amid ongoing gas supply issues
E-commerce platforms like Flipkart and Amazon India, and even physical retailers like Croma, have been witnessing an unprecedented surge in demand for these appliances
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