Instead, a big chunk of the vouchers end up spent at supermarkets on daily necessities, with little boost seen in…
Retail
Ecommerce companies step up discounts in bid to get rid of stock
Ecommerce marketplaces are offering discounts as high as those at peak Diwali season across categories ranging from grocery to smartphones…
Toyota, Suzuki to drive in cheaper hybrid cars
New Delhi: Japan’s Toyota Motor Corp. and Suzuki Motor Corp. are aiming to slash costs of developing full hybrid cars by sharing each other’s expertise…
Myntra-Jabong gets new head for fashion and lifestyle
NEW DELHI: Flipkart has promoted Rishi Vasudev, its fashion department head, to give him additional responsibility of the fashion and lifestyle categories of…
Amazon knows what you buy, and it’s building a big ad business from it
SEATTLE: When a chain of physical therapy centers wanted new patients, it aimed online ads at people near its offices…
Samara Capital-Amazon’s joint bid to acquire supermarket chain More gets CCI nod
KOLKATA: The Competition Commission of India (CCI) has approved the Samara Capital-Amazon joint bid to acquire Aditya Birla Group’s supermarket…
Angel Tax sops may not apply to all startups: DIPP
MUMBAI: Benefits of the changes notified by the Department of Industrial Policy and Promotion (DIPP) on the so-called angel tax…
Apple reportedly plans to slow down hiring as iPhone sale weakens
Apple Inc. will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the…
Flipkart India gets Rs 1,431 cr in fresh capital from parent entity
Bengaluru: Flipkart India, the wholesale arm of the Walmart-owned ecommerce marketplace in India, has received Rs 1,431 crore in fresh…
Sensex surges 300 points; RIL, Infosys lead gains
New Delhi: The Sensex Tuesday rose as much as 339 points today, tracking positive cues from other Asian markets. Market…