Flipkart

FMCG major Dabur India's stock seems reasonably valued post correction

Dabur is expanding its premium portfolio and Total Addressable Market (TAM). The company estimates its existing portfolio, contributes less than 5 per cent of TAM

Amazon, Flipkart plea on CCI probe order should transfer to K'taka HC: SC

The Supreme Court on Monday said the petitions of e-commerce giants Amazon and Flipkart challenging an order of the Competition Commission of India ordering a probe against them for alleged malpractices should be transferred to the Karnataka High Court. A bench of Justices Abhay S Oka and Manmohan issued a notice on the plea filed by the CCI which sought the transfer of the petitions filed by the e-commerce platforms from the high courts to the top court or the Delhi high court. "Issue notice. Prima facie, we are of the view that all cases, which are pending in various High Courts should be transferred to Karnataka High Court for hearing," the bench said and posted the matter on January 6, 2025. The top court, however, asked the Karnataka High Court not to proceed with the hearing on the petitions filed by e-commerce giants. During the hearing, attorney general R Venkataramani submitted CCI did not have an objection if the matter was heard by the Karnataka High Court. In its plea

Flipkart-backed super.money plans credit and wealth management push

Fintech has become sixth-largest UPI app, processing over 78 million transactions in November

Small town buyers, Gen Z push Meesho's order growth by 35% in 2024

Despite challenging market conditions, Meesho sustained its growth trajectory, reaching approximately 175 million annual transacting users in 2024

Samsung accuses India watchdog of detaining employees, seizing data

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

FirstClub raises $8mn in seed funding round from Accel and RTP Global

The company was founded by Ayyappan R, former senior VP at Flipkart, chief business officer at Myntra, and the erstwhile CEO of Cleartrip

Flipkart-backed super.money jumps to sixth position in UPI volumes

In October, the company was the 12th-largest player on UPI

CCI seeks SC hearing to expedite investigation in Amazon, Flipkart cases

The commission's investigation unit concluded in August that Amazon and Flipkart breached India's antitrust laws by favouring selected sellers on their websites

Flipkart plans IPO within 12-15 months, prepares to shift base to India

Flipkart, valued at $36 billion, is planning to launch its initial public offering by 2025-26, and will be shifting its domicile from Singapore to India

Various product categories available via Flipkart Minutes during EOSS sale

Flipkart has announced its 'End of Season Sale' (EOSS) event beginning December 7, 2024

Flipkart's 10-minute medicine delivery to shake up online pharmacy market

Flipkart to launch 10-minute medicine delivery under its 'Flipkart Minutes' service, partnering with local chemists to tap into quick commerce and expand its online pharmacy footprint

Alphabet arm gets CCI's clearance to acquire stake in Walmart's Flipkart

The Competition Commission on Tuesday granted approval to Alphabet's arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google's parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. "The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target's subsidiary for the provision of certain services," the regulator said in a release. "Commission approves transaction involving subscription of shares of Flipkart Pvt Ltd by Shoreline, an Alphabet, Inc subsidiary," the regulator said in a post on X. Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and ..

Consumer commission pulls up Flipkart over complaint about product quality

The complainant, a resident of Goregaon, said she had bought 13 small plastic containers of an health drink mix for Rs 4,641 from Flipkart in October 2023

Ekart's supply chain monetisation efforts achieve 8x growth in last 3 years

With a daily capacity of over 6 mn shipments, Ekart's last-mile network now spans 98 per cent of Indian postal codes, backed by over 50 million cubic feet of warehousing and a fleet of 7,000 trucks

Flipkart Black Friday Sale: Check deals on iPhones, foldables, Pixels, more

The discontinued iPhone 15 Pro model is available on Flipkart at a discounted price, while standard iPhone 15 models have their prices reduced even further

Flipkart's Binny Bansal steps down from fintech major PhonePe board

In January this year, Bansal also stepped down from Flipkart's board. He had been on the PhonePe board since 2016, when the Flipkart group acquired the payments firm

Walmart's executive Dan Bartlett joins Flipkart as a board member

Bartlett has decades of experience in public relations and government affairs

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

The ED has reportedly quizzed the 'top' five sellers of both firms and found that many are former employees or relatives of former associates of Amazon and Flipkart

ED shifts focus to Amazon and Flipkart ties with preferred sellers

Under India's FDI rules, e-commerce platforms are prohibited from exercising control over vendors and are required to operate solely as neutral intermediaries

CCI seeks SC intervention to streamline Amazon, Flipkart antitrust cases

As multiple high court cases delay its probe, the CCI now considers a Supreme Court petition to merge antitrust cases against Amazon, Flipkart, and certain other platform sellers