SoftBank-backed Grofers has advanced its plan to launch an initial public offer by the end of next year after its profitability path zoomed during the lockdown period, a top official of the company said. Grofers co-founder and CEO Albinder Dhindsa told PTI that the company started making operational profit in January and expects to become […]

The growing anti-China sentiment in the country along with supply crunch faced by major Chinese brands pulled down their contribution to India’s smartphone market Meanwhile, electric vehicle startup Ather got a booster shot from its largest backer to continue with its expansion plan Declining Chinese smartphone share About 72% of the smartphone shipments were from […]

Amazon India‘s country head Amit Agarwal said the world’s largest e-commerce player is investing in new Fulfillment Centres and opening up jobs as it’s seen a significant spike in the number of sellers and shoppers coming online. In an exclusive interview with ET Now, he also spoke about how Amazon plans to power Atmanirbhar Bharat, […]

MakeMyTrip, India’s biggest online travel company, has begun restoring salaries of employees with a revival in business three months after announcing pay cuts, group CEO Rajesh Magow told ET. The company’s domestic flight booking volumes are currently at 15-20% of pre-Covid-19 levels and hotel bookings are at 10-12%. There has also been a gradual improvement […]

India’s retail sector is in focus as Walmart consolidates its portfolio under the Flipkart Group while arch-rival Amazon eyes a stake in the country’s largest retailer. Flipkart’s wholesale business Flipkart’s wholesale unit will acquire Walmart India’s cash-and-carry business that owns the Best Price brand, as it looks to scale its business-to-business vertical. The move comes […]

Twitter on Thursday reported its highest-ever yearly growth of daily users who can view ads, beating analysts’ estimates on usage and sending its shares up 6% in pre-market trading. Twitter’s average monetizable daily active users (mDAU) increased 34% year over year to 186 million, above analysts’ estimate of 176 million, in a rise it said […]

Amazon is in talks to buy a 9.9% stake in the retail arm of Indian conglomerate Reliance Industries, ET Now reported on Thursday, citing sources. It said that Amazon wants a preferred, strategic stake in Reliance Retail for JioMart. JioMart, the e-commerce venture of Reliance’s retail arm, was launched in May and poses a formidable […]

Amazon is in talks to buy a 9.9% stake in the retail arm of Indian conglomerate Reliance Industries, ET Now reported on Thursday, citing sources. It said that Amazon wants a preferred, strategic stake in Reliance Retail for JioMart. JioMart, the e-commerce venture of Reliance’s retail arm, was launched in May and poses a formidable […]

Illustration: Rahul Awasthi Flipkart said its wholesale unit will acquire parent Walmart’s loss-ridden cash-and-carry business in India, Best Price, marking a consolidation of the American major’s entire retail portfolio in the country. The deal, announced on Thursday, clears the decks for Flipkart to expand its business-to-business vertical and take the fight to rivals Amazon and […]

Illustration: Rahul Awasthi Flipkart said its wholesale unit will acquire parent Walmart’s loss-ridden cash-and-carry business in India, Best Price, marking a consolidation of the American major’s entire retail portfolio in the country. The deal, announced on Thursday, clears the decks for Flipkart to expand its business-to-business vertical and take the fight to rivals Amazon and […]