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Alibaba Proposes To Split Company Into 6 Business Groups, Shares Rally By 9%

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises, according to ...

Zomato Stock Falls 6.6 Percent Post Announcement Of Blinkit Acquisition

Zomato shares fell around 7% in the afternoon deals on Monday. The stock had a good start to the day, rising more than 3% after the announcement of a deal to buy quick commerce delivery firm Blinkit Commerce Pvt Ltd, a ...

Xpressbees Extends Same-Day Delivery Service, To 1,000 Cities, Towns For D2C Brands

Ecommerce logistics provider Xpressbees on Tuesday said it has extended its same-day delivery service for D2C (direct-to-consumer) brands to over 1,000 cities and towns, which will help companies in expanding their online presence besides keeping their costs low. "This is a ...

Industrial, Warehousing Space Leasing Up 35 Percent In 2021: New Supply Rises 64 Percent; Report

Leasing of industrial and warehousing spaces across eight major cities went up by 35 per cent during 2021 to 35.1 million square feet, driven by higher demand from third-party logistics and e-commerce players, according to Savills India. The leasing ...

These 9 Sectors In India Are Expected To Boom In 2022

Previous year, 2021, was a great year for the market, startups, companies as well retail investors. The year ended stock market both Nifty and Sensex in green, bringing joy to investors on the last day of 2021. The year was also ...

SJM To Demand Withdrawal Of Permissions Given to Amazon, Flipkart-Walmart To Operate In India

The RSS-affiliated Swadeshi Jagran Manch (SJM) has demanded that the government should immediately withdraw the permissions given to e-commerce giants Amazon and Flipkart-Walmart to operate in India as these firms are "blatantly contravening rules". In a resolution passed at ...

Snapdeal To File IPO Papers With SEBI

E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offering (IPO). The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale of ...

Sellers To Welcome CCI's Suspension Of Amazon Future Deal

Indian Sellers Collective (ISC) on Monday welcomed the Competition Commission of India's (CCI) order to suspend its approval for Amazon's deal with the Future Group signed in 2019, while seeking speedy resolution of pending cases against the multinational e-commerce platform and ...

CARS24 Raises USD 400 Million In Latest Round Of Funding From Financial Institutions

Leading e-commerce platform for pre-owned vehicles CARS24 on Monday said it has raised USD 400 million (around Rs 3,040 crore) from various financial institutions. The company said it has closed USD 400 million round of funding including a USD 300 millon ...

Debit And Credit Card Circulation Jumped Up to 10.78% In India, E-commerce Contributed

A recent report titled 'India Digital Payments Report' by Worldline has mentioned that, as of September, this year, the total number of cards in circulation stood at 985.35 million, which is a significant jump. {photo-feature}...

Flipkart To Acquire Majority Stake In Pharmacy Platform SastaSundar

Walmart-owned Flipkart on Friday said it will acquire majority stake in Kolkata-based Sastasundar Marketplace that owns and operates online pharmacy and digital healthcare platform, SastaSundar.com. While the deal size was not disclosed, Flipkart said it is foraying into the healthcare ...

Many Large E-commerce Firms Have Blatantly Flouted Laws of Land: Goyal

All ecommerce companies should follow the law of the land and do not use muscle or money power to hurt Indian interests as many of these large online firms have come into India and "very" blatantly flouted the laws of the ...

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