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Goutam Das
August 16, 2018
The IT industry was tottering at around $6 billion in 1999-2000. It is more than a $150 billion industry now.


BusinessToday.In
August 14, 2018
Earlier in May, Jeff Bezos-led retail giant had pumped in fresh capital of Rs 2,600 crore into its India business unit - Amazon Seller Services. Before this, the company had invested Rs 1950 in Amazon Seller Services in January this year.


BusinessToday.In
August 13, 2018
Last week, Future Retail posted a 3.56 per cent rise in net profit at Rs 153.12 crore for the quarter ended June 30, 2018. According to a regulatory filing by Future Retail, total income during the April-June quarter stood at Rs 4,541.94 crore.


Dipak Mondal
August 10, 2018
The CCI concluded that Flipkart and Walmart \"are neither close competitors in the B2B sales nor have a combined market share that raises competition concern\".


BusinessToday.In
New Delhi, August 10, 2018
Gome Electronics, a fully-owned subsidiary of Gome Telecom Equipment, is listed on the Hong Kong Stock Exchange. Apart from smartphones, the $11-billion Chinese company plans to foray into consumer product categories like televisions and home appliances in India.


BusinessToday.In
August 10, 2018
The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.


BusinessToday.In
August 10, 2018
Flipkart's The Big Freedom Sale is live and will go on till August 12. The e-commerce giant is offering discounts and special offeRs on smartphones, electronics, fashion, home appliances and more.


BusinessToday.In
New Delhi, August 9, 2018
IMF sees Indian economy as an elephant that is starting to run; SBI launches a unified payment terminal MOPAD; Swedish furniture maker IKEA opens its first store in India; and Google CEO Sundar Pichai questioned by US senators over reported Chinese search engine. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, August 9, 2018
Flipkart Pvt Ltd, which has made its second entry in the segment after a failed attempt with Nearby, aims to make a difference by launching an extensive supply chain, bringing in its own label, giving every day discounts, etc.


BusinessToday.In
New Delhi, August 9, 2018
IMF sees Indian economy as an elephant that is starting to runThe International Monetary Fund (IMF) believes the $2.6 trillion economy is an elephant that is starting to run.What's more, its latest report on India not only reaffirms that the country is \"again one of the world's fastest-growing economies\" - accounting for about 15 percent of global growth - but also that India it could be what China previously was for the world economy.The report's favourable medium-term outlook reflects continued robustness in private consumption and a recovery in investment, which is supplemented by progress in bank balance-sheet repair and improved credit growth. WhatsApp officially rolls out forward message feature; restricts limit to 5 usersInstant messaging app WhatsApp has finally rolled out the limited 'forward message' option for India, which restricts a forward message to just five users, the company said on Wednesday. The Facebook-owned company has been under fire ever since several incidents of lynching, linked to rumours spreading through WhatsApp, were reported from different parts of India. \"The limit has started to appear this week for people in India who are on the current version of WhatsApp,\" the company said in a statement on Wednesday. Ikea opens its first store in Hyderabad todaySwedish retail giant Ikea has put all its might behind the company's first store in India opening in Hyderabad. The company put in around 12 years of work and took 6 years after their announcement to open their first Indian outlet. It is finally opening today. Flipkart-Walmart deal: CCI nod to US retail giant's Flipkart acquisition for $16 billionThe Competition Commission of India (CCI) cleared the acquisition of India e-commerce major Flipkart by the United States-based retail behemoth Walmart. The approval from the competition watchdog clears the path for the biggest FDI deal in the history of Indian corporate sector. Back in May, Walmart had announced acquisition of 77 per cent stake in Flipkart in lieu of $16 billion. Once the deal is complete, the 11-year old Indian e-commerce firm will be valued at $20.8 billion.SBI launches a unified payment terminal MOPAD State Bank of India, the largest lender with a fifth of the market share, launched a payments machine that would help merchants eliminate the multiple choices that they keep to facilitate transactions from cards to QR code based payments. The new device titled MOPAD, or Multi Option Payment Acceptance Device, is a Point of Sale (PoS) terminal that would along with cards accept payments through UPI, Bharat QR, and SBI Buddy wallet which till now required different tools to receive payments as reported by the Economic Times.Flipkart co-founder Sachin Bansal has this suggestion on ownership for Indian startupsFlipkart co-founder Sachin Bansal has a suggestion on ownership for Indian startups. One of the country's newest billionaires courtesy his recent exit from the company post its $16 billion deal with Walmart, Bansal told The Economic Times that differential voting rights will be helpful for the Indian startup ecosystem, especially for entrepreneurs. Bansal's decision to sell his entire stake to Walmart was reportedly the result of differences with the investors.  Google CEO Sundar Pichai questioned by US senators over reported Chinese search engineGoogle CEO Sundar Pichai is being questioned by six US senators on reports about the company's plan to release censored search engine in China as reported by the Indian Express. Reports that came out last week stated that Google is planning a censored search engine project for China via The Information. Following these reports, six US senators including Florida Republican Marco Rubio have written to Pichai. Google has neither confirmed nor denied these reports.


BusinessToday.In
August 8, 2018
The Competition Commission of India (CCI) cleared the acquisition of India e-commerce major Flipkart by the United States-based retail behemoth Walmart.


BusinessToday.In
New Delhi, August 8, 2018
Bansal's decision to sell his entire stake to Walmart was reportedly the result of differences with the investors.


BusinessToday.In
New Delhi, August 6, 2018
Samsung Galaxy On8 goes on first sale in IndiaSamsung Galaxy On8 (2018) will be going on its first sale in India. The device is placed in the mid-range segment and comes with Samsung's trademark Infinity display. The device will be competing against the likes of Redmi Note 5 Pro and Asus Zenfone Max Pro M1. The device will be available on Flipkart and Samsung's online store from 12 pm today.The Galaxy On8 is originally priced at Rs 17,990 but Samsung is selling the device at an introductory price of Rs 16,990. Samsung has not confirmed the number of units that will be sold at this price. However, on Flipkart, the device's original price is set at Rs 19,990 and the e-commerce website has announced a discount of Rs 3,000.Honor launches Play with flagship chipset Kirin 970 at Rs 19,999 Huawei's sub-brand Honor has launched Play, a mid-range smartphone with features like a notch-display, dual-camera setup and even a lot of AI features that will put the smartphone's hardware to good use. The new device will be sold exclusively on Amazon India's website and will go on sale on  Monday.The Honor Play will be available in two variants, one with 4GB RAM and the other with 6GB of RAM. The device comes with a 19.5:9 display which gives it a tall form factor and helps accommodate a large screen. The Honor Play comes with nifty features like GPU Turbo technology, which the company claims increases the performance of the device by 60 per cent and decreases the battery consumption by 30 per cent. The camera of the device comes with an AI-based feature that lets the user detect objects on the go and find them on Amazon's online e-commerce platform.Facebook dating service undergoes testing within companyOn the first day of the F8 Developer Conference, Facebook unveiled a product that got people talking. The biggest social network revealed its plans to play cupid through their own dating service. It has been two months since the company made that announcement and we have just got our first sneak peek into what the service will look like.The dating app is being tested internally by Facebook employees. That doesn't mean the company wants their employees to date each other, instead, this is being done to rid the platform of the major bugs before it is made available for public testing. Facebook confirmed the news, as mentioned in a report in The Verge.


BusinessToday.In
New Delhi, August 6, 2018
If you have been meaning to buy that futon or that television set, there are a few things you should look out for when the sales start.


K.T.P. Radhika
New Delhi, August 6, 2018
India's refurbished goods market is flourishing on a smartphone boom, changing consumer attitudes and business models.


BusinessToday.In
August 6, 2018
Walmart will hire about 1,000 more people for technology roles in India to hold off competition, especially from e-commerce behemoth Amazon.


BusinessToday.In
August 6, 2018
Samsung Galaxy On8 (2018) will be going on its first sale in India. The device is placed in the mid-range segment and comes with Samsung's trademark Infinity display.


BusinessToday.In
New Delhi, August 3, 2018
Beverly Hills Polo Club said that once they sent legal notices to Amazon, the latter took down some URLs.


BusinessToday.In
New Delhi, August 3, 2018
Over the past couple of days, media reports have been abuzz with the focus on the draft national policy for e-commerce. It is not yet a \"draft\" that has been released for comments - it is just a framework that has been circulated among stakeholders for consultations. The draft policy is expected in about a month's time. Watch BusinessToday.In's video on the shortcomings of the draft e-commerce policy.


Goutam Das
August 2, 2018
A reading of the new e-commerce framework makes it amply clear that if the policy were to be retained as is, and passed, it would be anti-consumer.


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