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 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.

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 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

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: 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.

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

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.

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.

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, 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, India's first listed real estate investment trust, has raised Rs 3,000 crore through private placement of debentures mainly to repay debt.

Mahindra wants to make South Africa the hub of its exports into the rest of the Africa, a senior official of the company has said.

Walmart International President and CEO Judith McKenna visited Bengaluru-headquartered Flipkart to commemorate the first anniversary of the partnership between the two companies, the e-commerce company said Friday.

The round was led by existing investor Alibaba, which invested $50 million, while South Korea's Mirae Asset, and UK's CDC Group also participated in it, investing $60 million and $40 million, respectively

The US-based lingerie and swimwear brand caters exclusively to the full-busted woman.

India's first electric taxi service launched in Delhi-NCR; and Ola raises $21 million from Sachin Bansal at a valuation of $5.7 billion. Watch more on News Blast.

India's first electric taxi service launched in Delhi-NCRGensol Mobility said it has launched India's first electric vehicle (EV) taxi fleet, BLU-SMART, in Delhi-NCR with about 70 cars that will be ramped up to 400 vehicles by the end of March 2019. The company, which is in talks with various car companies such as Tata Motors, Mahindra & Mahindra and Nissan for procuring EVs, has also invested over Rs 50 crore to set up charging infrastructure in various parts of the city.Govt working on ...