Flipkart aims to ship one billion units a month and to serve 100 million customers by the 2018 financial year, according to company executives.

There has never been a better time to be an entrepreneur in India. But when there is too much optimism around, it can lead to the building up of a bubble-like situation.

Terming India a nation of mobile phones, Ma said, \"This is a nation with which China can work together and it is a great opportunity for entrepreneurs of two countries.

Phoenix Marketcity, Kurla, the mall situated in suburban Mumbai, expects footfalls to go up by 30% this year with its theme based on culture of gambling during Diwali.

\"We got a billion hits on our site today (Monday) and achieved our sales target of $100 million in gross merchandise volume (GMV) in just 10 hours,\" the company said.

Flipkart claimed it sold products worth $100 million (over Rs 600 crore) within 10 hours, while Snapdeal pegged its sales at Rs 1 crore a minute-which translates into a figure similar to Filpkart's.

Since the beginning of this year, speculation has been rife about one of India's biggest online retailers in fashion, Myntra.com being in acquisition talks with leading ecommerce company Flipkart.

Increasing Internet penetration and youngsters shopping online has helped Flipkart hit an annualised sales run rate of $one billion.

Mukesh Bansal, CEO at fashion retailer Myntra.com, is eyeing the 'single largest fashion retailer' tag by 2015 and talks about what has worked well for his company so far. The firm also plans to differentiate through private labels, getting into the kids wear segment.

Sachin Bansal, CEO of India's largest e-tailer Flipkart, spoke to Business Today about the Flipkart story so far, his experience and what lies ahead as the market grows. Bansal spoke to BT on two occasions. Edited excerpts:

This is the largest fund raising round in Indian e-commerce - in August last year, Flipkart reportedly raised about $150 million from Nasper and Iconiq Capital, an investment advisory based in the US.

Many countries have embraced co-processing as an effective means of waste disposal, but India is just about waking up to its potential.

It's hardly a surprise that debt-oriented products account for over 70% of the industry AUM, enabling big players to use them for treasury management.

While a guaranteed return policy makes for a good pick in the current environment, make sure your portfolio is not heavily skewed towards such schemes, writes Tanvi Varma.