Flipkart raises $1 bn funding; drops plans to go public

With this round of fund raising, Flipkart is valued at about USD 7 billion (around Rs 42,000 crore), says sources. (Reuters)

With this round of fund raising, Flipkart is valued at about USD 7 billion (around Rs 42,000 crore).

Flipkart launches e-learning categoryXiaomi launches budget smartphone Mi 3 in India, makes it available on FlipKart
A girl buys bangles ahead of Eid al-Fitr. (Image Courtesy: AP, PTI)
With 30 pct slump in sales, its not business as usual this 'Eid Ul-Fitr' as rising prices hit sentiment
Even as Muslims across the city are celebrating 'Eid Ul-Fitr' today, local traders...

Environment groups' concerns over Adani proj exaggerated: Greg Hunt

Environmentalists have raised strong concerns about dredging and dumping at the Abbot Point which is...

John Kerry praises 'Tata' for creating jobs in US

"Already, Indian investment creates close to 100,000 jobs right here at home," Kerry said referring ...

ITC quarterly profit up 15.6 pct; sales jump on smaller smokes, consumer goods

ITC had registered a net profit of Rs 1,891.33 crore in the April-June period of 2013-14.

Reliance Power to raise Rs 9,500 cr debt to fund JPVL buyout

The shares of Reliance Power rose by 3.5 per cent on Monday to close at Rs 94 even as the broader ma...
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Larsen & Toubro beats expectations, doubles quarterly profit growth
Larsen & Toubro posted a consolidated turnover of Rs 18,975 crore for the June quarter, 10% higher t...
Why TAQA’s backing out was a boon in disguise for Jaiprakash Power
For Jaiprakash Power, the sale of its hydropower portfolio to Reliance Power comes...
Now Assam asks ONGC, Oil India for higher royalties
State-run hydrocarbon explorers ONGC and Oil India face the grim prospect of having to pay additiona...
ALL working on lowering debt/equity ratio to 1:1
Ashok Leyland (ALL) on Monday said it was working on a number of initiatives to bring down its debt-...
Amway India boss granted bail after two months in jail
Direct-selling company Amway India said its MD and CEO William S Pinckney has been released on bail,...
Amazon doubles storage capacity in India with five new warehouses
Amazon India on Monday announced the opening of five new warehouses, or fulfillment centres, in Delh...
Australia okays Adani’s $16.5-billion project, imposes ‘36 strict conditions’
The Australian federal government on Monday cleared the Ahmedabad-based Adani Group's $16.5-billion ...
HUL q1 profit up 3.68% at R1,057 crore
Firm’s domestic consumer biz grows 13.3%
Equifax launches global database of financial rogues in India
Equifax product will help companies perform better due diligence on Indian, global customers.
Amazon offers 3D printing to customize earrings, bobble head toys
"The customization is something we're keenly interested in," said Petra Schindler-Carter, director f...
Tata Global Beverages Q1 net profit down 12.89 pct at Rs 97.23 crore
Tata Global Beverages posted a net profit of Rs 111.63 cr in the same period during the previous fis...
Moody's to upgrade ratings of Tata Steel, British arm
The international rating agency also said it will be upgrading other ratings of the Group.
Flight delay: DGCA asks SpiceJet to refund fare
DGCA probe found that during the delay, SpiceJet sold food and beverages in the aircraft.
Nissan to recall over 22,000 Micra, Sunny cars in India
The company will start recalling the vehicles in coming, Nissan official says.
Amazon India to open 5 centres for faster delivery
Amazon's total storage capacity will almost double to over half a million sq feet.
Jet Airways extends special fare offer on 'overwhelming response'
The joint special fare has a travel validity effective September 1, 2014 till June 15, 2015 ...
Amway India CEO William Pinckney released on bail after 2-month jail term
A spokesperson of Amway said Pinckney has been granted bail in all the cases in Andhra Pradesh.
Dabur Q1 net up 13.33% at Rs 210.81 crore
Dabur's consumer care business grew by 13.56 per cent at Rs 1,520.66 crore, while foods business gre...
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