Flipkart

Amazon, Flipkart executives to be summoned as regulatory scrutiny grows

Indian laws prohibit foreign e-commerce players from holding inventory of goods they can sell on their website

Competition Commission conducting inquiries against big tech firms: Govt

Competition Commission is conducting inquiries against Amazon, Flipkart, Zomato, Swiggy, BookMyShow, Apple, WhatsApp, Facebook (Meta) and Google for alleged anti-competitive practices, the government said on Tuesday. To a query in the Rajya Sabha on whether the government is aware of the fact that anti-competitive practices are indulged by big tech companies like Amazon, Flipkart, Google, Meta, Twitter, Apple, Facebook, Twitter and Google etc in the country, Union Minister Nirmala Sitharaman replied in the affirmative. In a written reply, the Finance and Corporate Affairs Minister said the Competition Commission of India (CCI) after conducting inquiries in three different cases, passed orders in the matter related to Google on January 31, 2018, October 20, 2022, and October 25, 2022. In the matter related to MakeMyTrip-Go and OYO, the order was passed on October 19, 2022. "Appeals have been filed against these orders passed by CCI. Inquiries against Amazon, Flipkart, Zomato, Swiggy

No mass layoffs are happening at company: Chief People Officer, Flipkart

Flipkart's decision to not offer hikes to senior management officials would not lead to any job cuts, said Krishna Raghavan, Chief People Officer, Flipkart

Social commerce the way to tap growing online buyers from smaller towns

Indian e-commerce was worth $83 bn in 2022, will likely grow to $185 bn in 2026, propelled by deeper internet penetration and digital payments

Consumer gets soap instead of iPhone; Flipkart, retailer to compensate

A Consumer Commission has ordered e-commerce major Flipkart and a retailer to pay Rs 25,000 for deficiency in service and unfair trade practice and causing mental agony and physical harassment to a consumer who was delivered a bar of detergent soap and small keypad phone instead of the iPhone he had ordered. This payment will be apart from the refund of Rs 48,999 that the consumer Harsha S, a student from the district headquarters town of Koppal in Karnataka, had paid for the iPhone. Harsha approached the District Consumer Disputes Redressal Commission, Koppal, against Flipkart Internet Private Limited and Sane Retails complaining that he was sent a small keypad phone and a 'Nirma' soap instead of an Apple iPhone he had ordered online. He alleged in his complaint, which dates back to 2021, that he had paid Rs 48,999 and demanded refund and also compensation for deficiency of service and mental agony he underwent. The complainant said he was shocked after opening the parcel that he

Flipkart launches exchange programme for used ACs with doorstep pickup

Customers can make the exchange irrespective of where the AC was purchased, says company

Flipkart undertakes management rejig amid resignations, high costs: Report

Ravish Sinha, senior VP at Flipkart, has resigned. He was the VP of engineering before taking up the role of SVP of supply chain

Delhi Police files chargesheet against Flipkart, Instakart for selling acid

The Delhi Police has mentioned in the chargesheet that the accused also told them that they wanted to buy Nitric Acid, which proves the prosecution (police) story

HDFC Bank, Flipkart Wholesale launch co-branded card for latter's members

The product will offer users 5% cashback on Flipkart Wholesale online spending. Members can apply for the card directly at Flipkart Wholesale stores and on its Best Price Flipkart Wholesale app

Toys 'R' Us re-enters India, will offer global brands before year-end

Is working on omnichannel model, will have smaller stores here than abroad; will also sell toys made in India by global players by the end of Calendar 2023

US toy retailer, ToysRUs enters India for the 2nd time, opens first store

Its online store toyrus.in and it will also sell exclusively on ecommerce platforms, Flipkart and Myntra.

Top headlines: FDI equity inflow contracts, no increment for Flipkart execs

Business Standard brings you the top headlines at this hour

No increments for Flipkart's 4,500 senior personnel this cycle

However, 70 per cent, or 10,500 employees, below the level of a manager, will receive an increment this cycle

Flipkart in talks to acquire Bengaluru-based e-pharma player Pharmallama

The deal may result in Flipkart gaining access to technologies of the platform, the people said on condition of anonymity

Online smartphone sales cross offline numbers for first time ever in 2022

Several smartphone companies offered online-exclusive deals and discounts helping the e-commerce companies to sell more

Amazon, Flipkart, 20 e-tailors get notice for selling drugs without licence

Amazon and Flipkart Health plus are among the 20 online sellers that have been issued show-cause notices by the Drugs Controller General of India (DCGI) over the online sale of drugs in violation of norms. The show-cause notice dated February 8 by DCGI V G Somani cited a Delhi High Court order dated December 12, 2018, which prohibits online sales of medicines without a licence. The notice stated that the DCGI had forwarded the order to all state and Union Territories in May and November 2019 and again on February 3 for necessary action and compliance. "In spite of the same, you are found to be engaged in such activities without a licence," the notice to the online medicine sellers said. "...You are hereby asked to show cause within 2 days from the date of issue of this notice, why action shall not be taken against you for sale, or stock, or exhibit or offer for sale or distribution of drugs in contravention of the provisions of the Drugs and Cosmetics Act 1940 and rules made ...

K'taka HC grants interim relief to Flipkart in Rs 1,100-cr tax demand case

The assessee (Flipkart) argued that the matter was already decided in its favour by the income-tax appellate tribunal (ITAT) Bengaluru on the same issue earlier during assessment year 2015-16

Walmart-owned Flipkart poised to list publicly, says SoftBank

In India, SoftBank has backed many companies, and unicorns or start-ups with over $1 billion in valuation

Accel, Tiger Global mulling to exit e-commerce firm Flipkart: Report

Accel owns a little over 1 per cent of Flipkart, while Tiger Global holds about 4 per cent of the company

Flipkart's Shopsy sees six-fold customer growth on its website in 2022

Shopsy crossed over 100 million users in September 2022 ahead of its target timeline of early 2023