Shares of Indiamart Intermesh Ltd surged nearly 40 per cent on their first day of trade on Thursday, underscoring investor confidence in the e-commerce firm following its Rs 4.76 billion ($69.12 million) initial public offering (IPO).
India has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts, three sources familiar with the discussions told Reuters.
E-commerce giant, Amazon India Wednesday launched its largest delivery station here in Telangana, which would improve its capabilities to speed up last-mile deliveries for customers in the neighbouring Ranga Reddy district.
The European Union’s second highest court ruled on Wednesday that Adidas’s three-stripe branding was invalid as a trademark as it lacked a distinctive character.
According to sources close to the development, there are concerns regarding some of the findings emerging from the due diligence conducted by advisory firm, Ernst & Young.
E-commerce major Amazon India launched a programme under which it will onboard part-time partners to scale up its delivery operations in the country.
According to interviews with current and former employees, suppliers, distributors, store managers, and consumers, Patanjali’s ambitions have been hobbled by missteps.
Grocery delivery startup Milkbasket Tuesday said it has raised an additional USD 10.5 million (approx Rs 69.20 crore) in its latest round of funding led by Unilever Ventures, with participation from Mayfield India, Kalaari Capital, and Blume Ventures and few Indian family offices.
E-commerce major Amazon Monday said it is expanding its 'packaging-free shipment' (PFS) programme, an India-first initiative, to nine cities including Delhi, Mumbai, Ahmedabad and Nagpur.