E-commerce companies in the country are estimated to have raked in sales worth Rs 15,000 crore in about five days of their festive sales with giants like Amazon India and Flipkart claiming stellar show across categories like smartphones, large appliances and fashion.

The face-off between the two e-commerce giants Flipkart and Amazon continues with the Walmart-backed company claiming it doesn't see much relevance for Indian users from the competitor, and Amazon contending that it remains the \"most visited and transacted\" e-tailing platform in the country.

Smartphones continue to be the highest-sold item, followed by fashion and large appliances. Around USD 170 million of large appliances and USD 120 million of fashion items have been sold till now.

Mindless lending earlier led to problems in banking system: Venkaiah Naidu  Vice President M Venkaiah Naidu on Thursday said the banking system is facing problems due to \"mindless lending earlier\" and banks should learn from their experiences so that such issues do not reoccur. He added that the banking system was going through a transformation. Naidu suggested that India must take initiative and the entire global community must come together to enable automatic exchange of information...

The largest selling item was Xiaomi 6A smartphone that was on offer for Rs 5,999, followed by Amazon's Fire TV Stick.

The Sensex and Nifty fell nearly 3% in trade today a day after the indices logged their best gains in over six months.

Street food to be audited for cleanliness and hygiene by FSSAIIndian street food experience could soon undergo a massive change if Food Safety and Standards Authority of India's (FSSAI) plans follows to fruition. FSSAI is implementing a \"clean street food hub programme\" so that you can enjoy your chaats and gol guppas without bothering about hygiene. The autonomous body has identified 144 clusters across the country that would be audited by FSSAI along with state authorities for...

Flipkart has also bolstered its infrastructure network by adding a total of 16 flex fulfilment centres and 15 mother hubs to its supply chain network.

Foreign investors push panic button; pull out Rs 9,300 crore in 4 days; IIP, inflation, rupee to drive equity markets this week; Flipkart to launch smartphone insurance plans during Big Billion Day sale; HCL Tech to invest Rs 750 crore in Andhra Pradesh, create 7,500 jobs; Qualcomm's proposed foreign campus to provide boost to Telangana. Watch more in this episode of Business Wrap.

Flipkart and Amazon are preparing for the first round of festive season sales that will begin on October 10. Flipkart is even offering an early access to Flipkart Plus subscribers from October 9.

Foreign investors push panic button; pull out Rs 9,300 crore in 4 daysForeign investors have pulled out over Rs 9,300 crore from the Indian capital markets in the last four working days on unabated fall in rupee and rise in crude oil price. The latest withdrawal comes following a net outflow of over Rs 21,000 crore from the capital markets (both equity and debt) last month. Prior to that, they had put in a net amount of Rs 7,400 crore in July-August.IIP, inflation, rupee to drive ...

To begin with, Flipkart has partnered Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone brands that are sold on its platform.

Placing an expensive bet, cash-rich Flipkart has reportedly pumped in around Rs 200 crore on festive media expenditure alone, a big part of which is celebrity endorsements.