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Danny D'Cruze
New Delhi, August 9, 2018
Amazon Freedom sale has begun and the e-commerce giant is offering noteworthy deals on smartphones ranging from budget to premium segment. The smartphone brands on offer also include some of the best-selling names.


BusinessToday.In
August 3, 2018
The e-commerce giant is offering over 20,000 deals on Smartphones, Consumer Electronics, Fashion, Large Appliances, Groceries & Daily essentials, TVs and more.


BusinessToday.In
New Delhi, July 31, 2018
Vijay Mallya 'devastated' to lose control of Force India F1 team Liquor barron Vijay Mallya is 'devastated' to have lost control of the Force India Formula One team but the embattled tycoon should still have a say in what happens next, according to his right-hand man Bob Fernley. The Briton, who was deputy team principal until a court-appointed administrator took charge last Friday, told Reuters that Mallya would act in the best interests of a team he acquired in 2007. Mallya has a 42.5 percent stake in the Silverstone-based team, with a similar shareholding in the hands of the Sahara Group and the remainder owned by Dutch businessman Michiel Mol. Dabba trading sees an upsurge in wake of RBI's cryptocurrency ban Ever since the Reserve Bank of India (RBI) banned banks from dealing with digital currencies, other ways of trading in major virtual currencies like Bitcoin or Ethereum have emerged, one of which is Dabba trading. Dabba trading is a process used by brokers to use a client's trade outside the official platforms. The illegal method, mostly used for trading in stocks, has seen an upsurge as traditional Dabba operators are accepting bets on Bitcoin too, giving a boost to their overall earning. The recent positive fluctuation in Bitcoin, which saw its price plunge from $20,000 in December 2017 to $5,800 in June end and then $8,000 in July, has also led to a flurry of activity in its trading, a Business Standard report said. New car, bike buyers will have to shell out more from Sept 1 A recent ruling by a Supreme Court bench headed by Justice MB Lokur and Deepak Gupta has mandated third-party insurance for four and two-wheeler vehicles from September 1 for a term of 3 and 5 years respectively. The Supreme Court had earlier appointed a committee, headed by a former Supreme Court Judge Justice KS Radhakrishnan, to suggest measures on road safety. The committee had recommended having a long-term third party insurance cover. Cheap online deals might have their days numberedIf you are looking for cheap online deals, it may soon not be so easy to get one. The government is trying to tighten the noose around deep discounts. The draft e-commerce policy, shared with stakeholders on Monday for consultations has proposed that such pricing policy be discontinued from a specified date to regulate the sector. The policy has proposed legislation that will also cover food delivery sites, online service aggregators and payment products.Indigo sees decline in profits in Q1InterGlobe Aviation Ltd's shares have fallen 33% in the past three months. One of the reasons was the unexpected resignation of Aditya Ghosh, a key executive. Another was the sharp drop in profits in the March quarter. InterGlobe runs IndiGo, India's largest domestic airline. In the June quarter, things became far worse, with the company's profits declining even further. IndiGo's pre-tax profit fell 97% to ?31.3 crore, or 0.5% of revenue. A year ago, pre-tax profit stood at nearly 20% of revenue.


Reuters
July 31, 2018
The RBI in April had said that payments firms such as Mastercard and Visa should within six months store data only in the country for \"unfettered supervisory access\". But US firms protested and the Finance Ministry has recommended relaxing the directive.


BusinessToday.In
New Delhi, July 16, 2018
OnePlus 6 Red edition goes on sale for first time in IndiaOnePlus 6 Red Edition will go on its first sale today. The new variant was launched earlier this month. The Red Edition of OnePlus 6 will be available from Rs 39,999. With the new variant in place, OnePlus will now have a total of four variants on sale. During the official launch of the device in India, the company had also unveiled an Avengers special edition OnePlus 6. However, the special edition was discontinued after a few sales. The new OnePlus 6 Red will go on sale from July 16, 12 pm and will be available from Rs 34,999 on Amazon India and OnePlus store. Amazon India will be conducting its Prime Day sale as well.Amazon India goes live with Prime Day; exclusive offers for Prime MembersAmazon Prime members can be a part of the Prime Day sale that will last for 36 hours straight from 12 pm on Monday. Amazon Prime is launching over 200 new products. The list includes OnePlus 6 Red, Intel 8th Generation gaming laptops, Nestle NesPlus breakfast cereals, apparel by Marks & Spencer, Bosch microwave oven, ASICS shoes, LEGO Taj Mahal and more. Prime Members can shop new launches and deals across categories including smartphones, fashion, consumer electronics, toys, appliances and more.Flipkart counters Amazon Prime Day sale with Big Shopping DaysFlipkart is conducting its Big Shopping Days sale from July 16 to July 19. The sale seems to be a counter to Amazon's Prime Day sale. While the Prime Day is exclusive to Prime members, Flipkart's sale has no such limitation. The e-commerce website is offering deals on a wide variety of products and discounts on payments via specific banks as well. Under the sale, Flipkart is offering 30 to 80 per cent discount on electronics with no-cost EMI and Extended warranty. TVs and appliances will get a discount of 70 per cent. Fashion products will get a discount ranging from 50 per cent to 80 per cent. Home and furniture will get a discount of 40 to 80 per cent with no-cost EMIs.


BusinessToday.In
New Delhi, July 17, 2018
Flipkart is conducting its Big Shopping Days sale that will go on till July 19. The sale seems to be a counter to Amazon's Prime Day sale. While the Prime Day is exclusive to Prime members, Flipkart's sale has no such limitation.


BusinessToday.In
New Delhi, June 11, 2018
The merger of two companies will create an unfair competition and uneven level playing field, and will indulge in predatory pricing, deep discounts and loss funding, says CAIT.


PTI
June 6, 2018



Ajita Shashidhar
New Delhi, June 6, 2018
Indian traders are up in arms against the $16 billion Walmart-Flipkart deal. Their grouse is that the deal could severely impact the livelihood of small traders (kirana stores). There is also immense scepticism about the two American retailers, Walmart and Amazon dominating the Indian retail scene.


PTI
June 4, 2018



BusinessToday.In
May 26, 2018
The CAIT fears that Walmart will penetrate the retail trade through e-commerce and indulge in predatory pricing with deep discounting which will eventually create an uneven playing field for domestic players.


Adhil Shetty
May 15, 2018
What is generally ignored is the fact that credit cards aren't free. They do have charges - some well-known, others not no well-known. The little-known charges need to be understood to avoid penalties, heavy interest rates, and excess payment charges later on.


BusinessToday.In
New Delhi, May 14, 2018
OnePlus 6 clear images leaked two days ahead of official launchOnePlus is going to be officially revealed to the world on May 16. However, it seems the device is having a tough time keeping itself in covers. OnePlus clearly wants to show off their latest and greatest smartphone and hence have leaked essential details about the device over a period of months.This new leak, however, seems unintentional as the device's clear renders were spotted on an Amazon site in Germany, according to Winfuture. The pictures corroborate the previous leaks, both from the company and other third-party sources.Flipkart Big Shopping Days, Amazon Summer sale: Best smartphone offers on Day 2 Another big bonanza of the year is here as Flipkart and Amazon have begun their sales. The four day shopping sale will give customers plenty of options to choose from. There's a wide variety of ranging from gadgets to household items and much more. Flipkart has its Big Shopping Days sale while Amazon has its Summer Sale which started on May 13. Both sales will end on May 16 at 12 am.The deals on both the e-commerce platforms will be updated during the course of the four days depending on customer demand. Reliance Jio accuses Airtel of using eSIM nodes not based in IndiaAirtel and Reliance Jio are at it again. This time it's not for the tariffs or offers but something called eSIM.An eSIM is like an integrated SIM card within a telecommunication device. One doesn't require an external SIM to access networks. Reliance Jio has claimed that Airtel is hosting the eSIM nodes outside India for the Apple Watch Series 3 which according to Jio can create a major security breach. Airtel has rubbished the accusations saying only eSIM inventory is not based in India. Personal details like KYC and call records are still within Indian boundaries.


BusinessToday.In
New Delhi, May 14, 2018
The deals on both the e-commerce platforms will be updated during the course of the four days depending on customer demand.


Goutam Das
New Delhi, May 14, 2018
Walmart announced it had signed agreements to become the largest shareholder in Flipkart.


Goutam Das
New Delhi, May 11, 2018
The Walmart statement on its Flipkart purchase made all the right noises. It would create jobs and support 'Make in India'. The statement also mentions the humble kirana: \"Among other initiatives, Walmart will partner with kirana owners and members to help modernise their retail practices and adopt digital payment technologies.\"


Goutam Das
New Delhi, May 9, 2018
The Walmart deal is a sign things are changing. Flipkart's Japanese investor SoftBank has exited selling 20 per cent of its stake. Co-founder Sachin Bansal has exited as well. The 23 per cent remaining stake in Flipkart will now be held by co-founder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp.


BusinessToday.In
New Delhi, May 9, 2018
Walmart will pay $16 billion for an initial stake of 77 per cent in Flipkart, valuing the e-tailer close to $20 billion. The remainder of the business will be held by some of Flipkart's existing shareholders.


BusinessToday.In
May 8, 2018
Walmart is expected to buy 70-75 per cent stake in the homegrown e-tailer Flipkart along with Google parent Alphabet for about $15 billion.


PTI
May 7, 2018



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