Targeting the Modi government over the ongoing economic slowdown, Chidambaram said Goyal's snub \"will reverse the five successive month decline in imports and the eight successive month decline in exports\"

Walmart Inc EVP and CFO Brett Biggs said earlier this year that the company had decided to consolidate back-office functions for Myntra and Jabong (the fashion-focused platforms of Flipkart) to drive efficiencies

Reliance, HUL, Amazon, Flipkart and Grofers are hooking neighbourhood stores as force multipliers

McMillon's letter comes amid accusations of \"unfair business practices\" and violation of FDI norms levelled against Flipkart and Amazon by the Confederation of All India Traders (CAIT), following which the government has increased its scrutiny

According to media reports, the e-commerce majors have grossed up over $3 billion in gross merchandise value during the festive sales

Although the deepening economic has caused households to tighten their purse strings, badly affecting most consumer industries, the e-commerce sector is bucking the trend

The five-day sale promises to offer big discounts on wide-rang of products, including smartphones, gadgets and home appliances

Despite challenging macro conditions, the RedSeer report says, festive sales have seen a year-on-year growth of 30 per cent with significant share coming from customers in Tier-II cities

E-commerce festive sales: Flipkart dominated the festive sales (in GMV terms) with nearly 60% standalone GMV share as compared to 51% share in 2018. Meanwhile, Amazon held a 30% market share during this year's festive sales.

Flipkart Big Diwali Sale 2019: The Flipkart Plus members will have the first right to buy from 8pm on October 11

Flipkart vs Amazon festive sales: Smartphones and fashion were the two categories that drove up sales.

With close to 40 per cent of its overall consumer electronics sales generated during the festive season, even amid reports of slowdown, Samsung expects a double-digit growth across this category

Amazon Great Indian Festival saw a record single-day Prime membership sign-ups with 66 per cent of shopping by Prime members coming in from Tier-II and Tier-III towns. Walmart-owned Flipkart also said that it registered a jump of two times in its sales growth on the first day of The Big Billion Day 2019

Amazon's Great Indian Festival , Flipkart's The Big Billion Days: Here's a list of laptops, smart watches, dining set, beds, speakers and headphones which are being sold with huge discounts.

Amazon Great Indian Festival 2019: The six-day sale promises to offer big discounts on smartphones, laptops, Amazon devices, TVs, and other tech products

Rival auditing companies, Deloitte and KPMG, have also announced plans to hire 40,000 and 8,000-9,000 people, respectively, to strengthen their teams in India

Amazon Flipkart Sale 2019: Fashion category has seen a five-fold growth, while beauty and groceries have seen a seven-fold and over three-fold growth during the first day of Flipkart's Great Indian Festival sale.

Expanding its large appliance portfolio, AmazonBasics is introducing a new category with the launch of a side-by-side refrigerator

Flipkart's Big Billion Days vs Amazon's Great Indian Festival: Amazon Prime members can start early shopping from 12 noon on 28 September, while the Flipkart Plus members will get access from 28 September, at 8:00 pm