Written By Varsha Bansal, ET Bureau BENGALURU: US-based online retail giant Amazon has thrown its hat in the ring to acquire India’s largest online retailer Flipkart as it looks to counter rival Walmart Stores’ attempt to gain a significant foothold in the market. Amazon and Flipkart have initiated talks a few weeks ago for an acquisition even though a bid is yet to be submitted, according to two people familiar with the development. US-based retail giant Walmart Stores, which has been in discussions with Flipkart for over two months, continues to be the most likely contender but is negotiating on…
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So who stands to benefit from an Ola-Uber merger? It is not the customers or the drivers as the monopoly will drain the market off of choices. Written By Sulekha Nair Uber Technologies Inc. had to eat crow and almost exit Southeast Asia because of competition from rival Grab, but for a deal that gives the American firm a 27.5 percent stake in the latter. After news of that surrender broke earlier this week, rumours about Uber merging its operations in India with that of its biggest competitor Ola have been doing the rounds. Sources in the know of the…
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Written By John Hey Devangshu Dutta, founder and CEO of consulting firm Third Eyesight, will keynote this year’s Fresh Produce India on 26-27 April with his expert perspective on the changing landscape of India’s consumer market– and what it means for fresh produce marketers. With a young, educated population– and an economy tipped to become the world’s third largest by 2030–India’s consumer market is poised for dynamic growth. Second- and third-tier cities across the country are emerging rapidly as income levels rise. Traditional retail channels still control the vast majority of India’s fresh produce sales, but modern retail has begun…
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Written By Sagar Malviya, ET Bureau MUMBAI: Reliance Retail plans to raise Rs 4,000 crore through rights issue to help fund expansion, especially at a time when global rivals Amazon and Walmart are increasingly threatening the dominance of the country's biggest retailer. The Reliance Retail board has agreed to offer 800 million non-cumulative optionally convertible preference shares (OCPS) of Rs 10 at a premium of Rs 40 per share worth Rs 4,000 crore to existing shareholders through rights issue, the company said in its filing with the Registrar of Companies this week. Source: economictimes
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As entrepreneurial aspirations go up, aided by an ecosystem that encourages it, small businesses are finding a cozy corner on social media, particularly Instagram, to find takers of their products. Written By Shinmin Bali There are many ways a technology can be used for business and the same is true for communities as well. This is especially so on the digital platform, owing to the reach, personalisation and engagement opportunities, and the fact that it has little to no entry barriers. These factors have emboldened everyone from multinational companies to say, a mom-and-pop store to even individuals who can pick…
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