Flipkart has announced in a letter to current employees that they will be allowed to liquidate their ESOPs at $126-128 a unit - against $150 a unit as the reports had initially suggested.

GreyOrange, one of the rare hardware startups to come out of India, was founded in 2011 by BITS-Pilani graduates Samay Kohli and Akash Gupta.

None of India's other leading e-commerce portals - Flipkart, Snapdeal or Paytm Mall - currently have a local language version of their apps or websites.

In a regulatory filing yesterday, Biyani-led Future Lifestyle Fashions Ltd (FLFL) disclosed that it has reached a conditional agreement with leading e-commerce fashion business Koovs to acquire up to 29.9 per cent stake in it, subject to regulatory and procedural approvals.

Flipkart Fashion head Rishi Vasudev said that they have also revamped the whole buying experience and brought in personalization. He added that they have tied-up with lots of films and magazines.

E-commerce companies are now more conscious than ever about employee benefits.

Companies of all hues, including old warhorses, are now betting on stock options to ensure employee loyalty

IMF says India needs to address banking crisis to support investment, welcomes RBI's repo rate hikeThe International Monetary Fund (IMF) has said addressing the ongoing crisis in the banking sector was important for India to support investment and inclusive growth agenda. \"Addressing the banking sector balance sheet issues and improving the performance of particular public sector banks is a very important issue for India to support investment and its inclusive growth agenda,\" IM...

According to The Economic Times, Flipkart and its fashion arms Myntra and Jabong as well as Amazon India and Paytm Mall are exploring a hyperlocal strategy, which gives customers access to fashion products that can be picked up and delivered from local stores within hours.

With e-commerce poised for exponential growth in India, the country is fast emerging as the new battleground for global retail giants. Can local players withstand the onslaught?

According to The Economic Times, the Japanese conglomerate has held early discussions to invest as much as $3 billion in Paytm Mall,  run by Paytm E-commerce Pvt. Ltd - just last month, SoftBank had invested $400 million (Rs 2,600 crore) for 21 per cent stake in the company also backed by China's Alibaba Group.

Walmart Inc announced acquisition of 77% stake in Flipkart for about $16 billion in the largest e-commerce deal which will give the US retailer access to the Indian online market. Watch BusinessToday.In video to find out more about the people who shaped the Walmart-Flipkart deal.

On Wednesday, US retailer giant Walmart Inc acquired 77% stake in home-grown Flipkart for USD 16 billion.

Just hours after announcing Walmart's acquisition of Flipkart in the biggest e-commerce deal in the history, Walmart President and CEO, Doug McMillon sent out his remarks to Flipkart employees saying that the acquisition was the best decision they have ever made.

Walmart will pay $16 billion for an initial stake of 77 per cent in Flipkart, valuing the e-tailer close to $20 billion. The remainder of the business will be held by some of Flipkart's existing shareholders.

Sachin and Binny Bansal met each other for the first time in 2005 in IIT Delhi.

RSS affiliate Swadeshi Jagran Manch (SJM) has opposed the takeover of home grown Flipkart by US retail major Walmart. In a letter to Prime Minister Narendra Modi, SJM alleged that the approval for the takeover is in violation of existing laws.