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Fourth Partner Energy expand international footprint with Indika Energy tie-up
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Sebi lays down procedure for change in AMCs' controlling interest
Only 13% of MF industry AUM managed by women, but outperform category average
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Ask Money Today: Should I invest in DSP Healthcare Fund?
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Jaguar Land Rover fires one-third of India workforce
'There is no dialogue with Tesla': Chandrasekaran on tie-up rumours
ICICI Bank latest lender to cut home loan rates; check new rates here
OPEC+'s output cut decision to hurt Indian consumers: Dharmendra Pradhan
Indian Bank reports 3 NPAs worth Rs 35.29 crore as fraud to RBI
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JioBook laptop with 4G LTE support said to be in the works, details
Nubia beats Asus; launches world's first smartphone with 18GB RAM
Vivo X60 series India launch details confirmed, Vivo X60, X60 Pro, and X60 Pro+ expected
OnePlus 9E (OnePlus 9R) launch soon: Specs, features, India price, launch date, and everything we know so far
Apple won't allow users to set default music service in iOS 14.5 for Siri
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Covid-19: Is relying on herd immunity a recipe for disaster?
Term insurance: Cover costs may go up as insurers mull premium hike
MSME funding: How FinTechs can help address credit gap for small businesses
Real estate in post-COVID era: 5 trends defining the growth of luxury housing in India
Rebooting Economy 70: The Bombay Plan and the concept of AatmaNirbhar Bharat
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Best smartphones under Rs 25,000 in India, this March
Exports down 0.3%, imports up 7% in February 2021
Have you joined the Tiny House Movement by living in a Tiny home?
Bank credit growth remains subdued in January 2021
From Elon Musk to Mukesh Ambani: 10 of the richest people in the world
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[ Jabong ]
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Isha, Akash Ambani enter Fortune's '40 Under 40' list of most influential people
PTI
September 3, 2020
This year's list includes 40 influential people under 40 years of age in five categories -- finance, technology, healthcare, government and politics, and media and entertainment
Walmart tells Myntra to reduce discounts, close warehouses
BusinessToday.In
March 11, 2020
Walmart had brought 77 percent stake in Flipkart back in 2018 for $16 billion. Flipkart had shut down Jabong in February and has been directing all customers to Myntra ever since
Biz EOD: Adani Enterprises Q3 profit jumps 362%; Flipkart shuts down Jabong; investors get richer by Rs 5.13 lakh cr
BusinessToday.In
New Delhi, February 5, 2020
Catch top stories from the world of business and economy with BusinessToday.In end of day report
Auto Expo 2020 kicks off; Coronavirus death toll in China rises
BusinessToday.In
New Delhi, February 5, 2020
India's largest carmaker Maruti Suzuki India kickstarted the 15th edition of the biennial Auto Expo on Wednesday showcasing the concept Futuro-e electric SUV concept that will be the foundation of its electric car portfolio during the course of the decade; India and the US are set to seal a trade deal during President Donald Trump's planned visit to India in the last week of this month, multiple sources said. Trade officials of India and the US are giving final touches to the deal expected to cover specific sectors; Deaths from the new Coronavirus rose to 490 in mainland China while new cases on a Japanese cruise ship, in Hong Kong and in Thailand showed the increasing spread of the outbreak and renewed attention toward containing it. This and more news on News Blast.Also Read: Auto Expo 2020: No Chinese delegates at motor show due to coronavirus' threat
India guards against virus at Auto Expo dominated by Chinese firms
BusinessToday.In
New Delhi, February 5, 2020
Flipkart shuts down Jabong; to concentrate on MyntraWalmart-owned Flipkart has formally shut down Jabong to concentrate on its premium fashion marketplace Myntra. Flipkart which had acquired the fashion platform around four years ago is now going to redirect Jabong's portal and its app to Myntra's shopping window.Volkswagen's Skoda targets Indian revival with tougher safety, emission rulesSkoda is hoping government moves to drag regulations for cars sold in India up to developed m...
Flipkart shuts down Jabong; to concentrate on Myntra
BusinessToday.In
February 5, 2020
Flipkart had bought Jabong for $70 million (in cash) in 2016 but has since been finding it difficult to work out a conclusive long-term strategy for the fashion portal
PhonePe receives fund infusion of Rs 585 crore from parent firm
PTI
New Delhi, December 10, 2019
In July this year, PhonePe had received a fund infusion of about Rs 698 crore from its parent firm
Blackstone invests Rs 1,750 crore in Kishore Biyani's Future Lifestyle Fashion
BusinessToday.In
New Delhi, November 15, 2019
Funds managed by Blackstone have invested Rs 1,750 crore in Ryka Commercial Ventures, the holding company of Future Lifestyle Fashion, through debentures
Walmart incurs $290 mn impairment, Airtel reports highest quarterly loss
BusinessToday.In
New Delhi, November 15, 2019
Walmart incurs $290 million impairment due to Jabong acquisition; Delhi pollution forces SBI to postpone green marathon; AGR provisioning blows Rs 23,045 crore hole in Airtel balance sheet and more news on News Blast.
Vodafone Idea Q2 loss balloons to Rs 50,921 crore
BusinessToday.In
New Delhi, November 15, 2019
Walmart incurs $290 million impairment due to Jabong acquisition; eyes robust growth from Flipkart, PhonePeWalmart took a non-cash impairment charge of$290 million for the value of the 'Jabong' trade name in the third quarter, even as the US retail giant continues to bet on the \"significant opportunity for growth\" presented by the Indian market.The Bentonville-based company logged a 2.5 per cent rise in revenue at $128 billion for the third quarter, even as its operating income ...
Walmart incurs $290 million impairment due to Jabong acquisition; eyes robust growth from Flipkart, PhonePe
PTI
November 15, 2019
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
Amazon junks report on festive sales; says it led the business, not Flipkart
BusinessToday.In
October 10, 2019
Citing Nielsen's E-Analytics data, Amazon had said in a release that it \"witnessed the highest share of transacting customers & purchases across all online shopping platforms in the first 5 days of the Great Indian Festival period\", which concluded on October 4.
E-commerce festive sales: Amazon, Flipkart, Snapdeal sell goods worth Rs 19,000 crore in 6 days
BusinessToday.In
October 9, 2019
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.
Ex-Myntra chief executive Ananth Narayanan joins Medlife
BusinessToday.In
Bangalore, August 5, 2019
Founded in November 2014 by Prashant Singh and Tushar Kumar, Medlife currently operates across 4,000 cities in 29 states across India, providing services along three verticals - pharmacy, diagnostics and e-consultation
Affle India's Rs 459 crore IPO opens for subscription; should you invest?
BusinessToday.In
July 29, 2019
The Affle IPO offer (a combination of fresh and OFS) summarises a fresh issue of 5,500,000 equity shares aggregating up to Rs 90 crore (Rs 900 million) (20% of the issue size) and an offer for sale of Rs 367-369 crore (80%) - by the promoter.
Walmart's first-quarter US comparable sales rose, e-commerce slows
Reuters
May 16, 2019
Sales at U.S. stores open at least a year rose 3.4 percent, excluding fuel, in the quarter ended April 30. Analysts estimated growth of 3.1 percent.
Myntra Jabong appoints Harish Narayanan as Head of Marketing
PTI
May 14, 2019
Cyclone Fani: PM Modi to visit storm-hit Odisha on May 6
BusinessToday.In
May 4, 2019
PM Modi will visit Cyclone Fani hit Odisha on May 6 to take stock of the situation in the state. The Prime Minister Saturday spoke to Odisha Chief Minister Naveen Patnaik and announced about his visit to the storm-hit state on Twitter.
Cyclone Fani: 12 dead in Odisha; waning storm hits Bengal
BusinessToday.In
May 4, 2019
Cyclone Fani, strongest storm to hit India in five years, killed at least 12 people in Odisha. While most deaths were caused by falling trees, a mass evacuation of over 1.2 million people in last the 24 hours averted a greater loss of life.
Embassy Office Parks REIT raises Rs 3,000 cr via private placement of debentures
PTI
May 4, 2019
Embassy Office Parks REIT, India's first listed real estate investment trust, has raised Rs 3,000 crore through private placement of debentures mainly to repay debt.
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