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LATEST NEWS : Baba Ramdev-led Patanjali Ayurved today announced its foray into e-commerce for its FMCG items, partnering major players in the space, including Amazon and Flipkart, and targeting over Rs 1,000 crore this year itself. The Haridwar-based company said it has partnered eight players, which also include Grofers, Shopclues, BigBasket, 1mg, Paytm Mall and Netmeds, through which its entire range of products would be available online. Besides, Patanjali said it will also expand into new product segments such as bottled water through brand 'Divya Jal' and apparels and footwear under the brand name 'Paridhan' this year. "Online mechanism aims to provide convenient and efficient options along with extension of traditional retail market", said Baba Ramdev. He further added: "We are targeting sales of over Rs 1,000 crore this year and would try to have more than that as we have just started now". The Haridwar-based company had started...

The IP68-certified water and dust resistant device will go on sale exclusively on Flipkart starting mid-night tonight Latest news  :  Motorola has launched Moto X4 starting at Rs 20,999 for the base model and Rs 22,999 for the premium model with 64 GB storage and 4 GB RAM. The IP68-certified water and dust resistant device went on sale last night. The Moto X4 sports a dual camera set-up on the back, which utilises a 12-megapixel shooter with f/2.0 aperture and an 8MP ultra-wide angle shooter with f/2.2 aperture. The cameras on the back are assisted with phase detection autofocus (PDAF) and dual LED flash. On the front, the smartphone houses a 16 MP selfie camera with f/2.0 aperture. The selfie camera is supported with flash and comes with features such as beautification mode, pro mode, filters, panorama and adaptive low-light mode.  Moto X4 sports a 5.2-inch fullHD IPS screen covered with Corning Gorilla Glass for protection against scratches and ac...

From Myntra and Jabong to PhonePe, and now talks with BookMyShow, Swiggy, UrbanClap - Flipkart could be eyeing stakes in or buyouts of smaller peers to grow its own top line LATEST NEWS     :India’s largest home-grown internet company Flipkart is looking at acquiring stakes or buying out smaller peers to grow its own top line, a model perfected by Chinese counterparts Alibaba, Tencent and Baidu. Flipkart is said to be in talks with multiple firms like online food-ordering and delivery service Swiggy, home services firm Urban Clap, online furniture retailer Urban Ladder, ticket-booking platform BookMyShow and even some financial technology firms, according to a Livemint report on Monday. These deals seem to be at an exploratory stage, but Flipkart’s intent is increasingly becoming clearer. While investments in some of these firms might have obvious benefits – for example, Urban Ladder could list its furniture exclusively on Flipkart, or Swiggy’s delivery fl...

Amazon would host its Great Indian Festival sale on September 20-24 LATEST NEWS       : This Diwali, Amazon is planning to provide Indian shoppers the same experience customers have while shopping online in the US. The online retailer said that it would host its Great Indian Festival sale on September 20-24. The firm would open the sale for its Prime members on September 20, and for the rest the next day. Rival Flipkart is hosting its BigBillionDays sale from September 20-25 and is expecting a two to threefold jump in sales during the five-day sale compared to last year. The Indian firm said it would look to serve customers with big discounts, apart from offering them easy buying options such as EMI on credit and debit cards, exchange offers and buy-now-pay-later. Flipkart, which is celebrating its tenth anniversary, will offer selections in 80 categories through several exclusive partnerships with leading brands. “We have 160 million...

Flipkart says with Softbank money, it now has $4 billion cash reserves LATEST NEWS     :   SoftBank Vision Fund, the $100-billion technology-focused fund floated by Masayoshi Son, has invested an undisclosed but significant amount in India’s largest e-commerce marketplace Flipkart , making it one of the largest investors in the company. The investment is part of the same round that saw — Tencent, eBay and Microsoft — invest $1.4 billion in April and will be made at the same $11.6 billion valuation. Flipkart claims that with the investment from SoftBank Vision Fund, it will have $4 billion of cash on balance sheet. “India is a land of vast opportunity. We want to support innovative companies that are clear winners in India because they are best positioned to leverage technology and help people lead better lives. As the pioneers in Indian e-commerce, Flipkart is doing that every day,” said Masayoshi Son, founder and chairman & chief executive of...

The firm decided to sack around 1,000 employees out of their present workforce of 1,200 LATEST NEWS  :  E-commerce major Snapdeal on Monday revealed that it is facilitating a major layoff in the company, with an agenda to cut down 80 per cent of its employee strength. A senior official of the company told ANI that the management has given verbal instructions to their department heads to prepare the list. Additionally, the official also revealed that the owners of the firm have reversed the merger which was to take place between Snapdeal and Flipkart. Rather, with the money from the sale of Freecharge received ($50 million), the firm has decided to sack around 1,000 employees out of their present workforce of 1200, and carry forward with the remaining. In July last year, the company had over 9,000 employees. However, the management cut down the talent pool down to 1200, without any notice. While the remaining employees are backing the Flipkart-Snapd...

Softbank would in all probability invest in Flipkart and not continue its association with Snapdeal LATEST NEWS :  After five months, countless man hours of deliberation and numerous board meetings, the biggest consolidation in the Indian e-commerce history between Snapdeal and Flipkart has been called off, sources said. Sources added that Softbank would in all probability invest in Flipkart on its own and not continue its association with Snapdeal. The Snapdeal founders Kunal Bahl and Rohit Bansal, as well as early stage investor Nexus Venture Partner and smaller shareholders such as PremjiInvest, had  all along expressed reservations about the deal. While Snapdeal board’s resolution is still to be out, sources said that Softbank, as well as Snapdeal, would come out with a statement announcing that the deal with Flipkart has been called. Sources close to the deal said that the board finally agreed that it would be better for Snapdeal to continue the operation...

The Moto E4 and E4 Plus are priced at Rs 8,999 and Rs 9,999 respectively LATEST NEWS : Moto E4 PlusMoto E4 Plus Photo: Khalid Anzar The Moto E4 Plus , on the other hand, sports a large 5.5-inch HD screen of 1280 x 720 resolution. It is powered by MediaTek MTK6737 quad-core processor, which runs at 1.3 GHz. In terms of camera, the Moto E4 Plus features a 13-megapixel (MP) rear camera with f/2.0 aperture assisted with LED flash and a 5 MP front-facing selfie camera assisted with flash. The smartphone has 32 GB storage, expandable up to 128 GB using dedicated microSD card, and 3 GB RAM. The major attraction of the device, however, is its battery. The device houses a mammoth 5,000 mAh battery. The Moto E4 Plus will go on sale at Flipkart with several launch offers and here are the details: Idea 4G Data Offer - Get 84GB for 84 days at just Rs.443 Free 2 months subscription of Hotstar premium Motorola Pulse2 Headset worth Rs 1,599 for just Rs 749 Special Exchange Offer ...

This collaboration is an effort to tap college students and first-time PC buyers Latest news : E-commerce marketplace Flipkart on Monday announced that it has collaborated with HP, Intel and Microsoft so that consumers can buy HP Intel Core i3 Windows 10 laptop for Rs 36,000 at Rs 999 per month by availing a 36-month EMI option. This collaboration is an effort to tap college students and first-time PC buyers. Flipkart has also partnered with ICICI Bank and CitiBank to provide hassle-free financing options to consumers. "With Flipkart's wide market reach combined with an industry-first affordable 36-month EMI option, we are certain that this offering is a winning combination and will strike a chord with our customers reinforcing our undisputed position as laptop market-leaders in the country," Amitesh Jha, Vice President - Electronic Devices at Flipkart, said in a statement. The initiative enhances Flipkart's wide selection of laptops curated for its...

The smartphone is launched with four new Moto Mods Latest news : Extending its Moto Z series, Lenovo-owned Motorola on Thursday launched Moto Z2 Play smartphone for Rs 27,999 in the country.Coming in lunar gray and fine gold colour variants, Moto Z2 Play will be available across all leading mobile stores and Flipkart from June 15. "Smartphone's premium category is growing at the fastest rate in India and Moto is heading in the same direction. Premium category will grow at 28 per cent this year in India and Motorola is focusing on this category," Sudhin Mathur, Managing Director of Motorola India, told IANS. Powered by Octa-core Qualcomm Snapdragon 626 processor, Moto Z2 Play has a 4 GB RAM and 64 GB internal which can be expanded up to 2TB. The device runs on Android 7.1.1 Nougat operating system. The device features a 5.5 Full-HD Super-AMOLED display and a fingerprint sensor which doubles up as home button. Moto Z2 Play sports 12MP rear camera tha...

Around 4 per cent of the time is spent on online shopping Indian  consumers spend as much as 28 hours a week on their smartphones , seven fold more than the time they end up spending in watching programmes on television as more users access internet on their mobile phone. According to the Mary Meeker report, released on Wednesday night, the delivery of  entertainment, education, healthcare and marketplaces is being reimagined in India with the mobile phone emerging as the primary device for access to consumers. In education sector, the report said education technology firm Byju’s has shown 15 per cent improvement in the quality of learning by accessing content on smartphones. In the healthcare sector, prices of laboratory tests have dropped by 50 per cent due to the aggregate inventory maintained by startups such as 1Mg and Portea. Customers made savings of around 20-30 per cent due to drug comparison on these platforms. As far as payments are concerned, the...

The additional 14 fulfilment centres will bring the total to 41 centres for Amazon in India Amazon India is doubling its storage capacity with the addition of fourteen new fulfilment centres this year as it looks to cater to a growing base of Prime customers who demand expedited shipping. The company says the expansion will create an opportunity for the employment of around 5,000 individuals, spread across its 14 new centres. This figure will not include the temporary workforce Amazon hires to fulfill increased order demand during festivals and sales. Read this: Gaining in translation: Language users are blowing up internet in India "We've continued to expand our network over the past three years. For Prime customers, this growth in fulfilment centres enables them to get deliveries faster. So as the Prime customer base in India grows bigger they will be able to benefit from this," said Akhil Saxena, Vice President for Customer Fulfilment at Amazon Indi...

      Early-stage investors said to be 'livid' over valuation at which SoftBank wants to exit Snapdeal The plot only gets thicker from here, as even after multiple rounds of talks, Softbank has not been able to convince the early-stage investors in Gurgaon-based Snapdeal for a sale which would help the Japanese major exit from the company. According to four sources privy to the developments, while early-stage investors in  Snapdeal  – Kalaari Capital and Nexus Venture Partners – are confident of the company's present business plan and want it to go for an initial public offering (IPO) in the next two years, Softbank wants to immediately sell its stake and hedge its bets in other e-commerce ventures, something which has caused a major rift between the two parties. Read this : Tiger Global sinks teeth into Flipkart, Snapdeal merger Also, according to sources, while Softbank is trying to sell its stake in Snapdeal, where it is the biggest shareholde...