Google India posted a 33% increase in its standalone net profit at Rs 407.2 crore for FY18, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
Private equity firms and venture capitalists invested a chunky $7 billion into online ventures between January and September, data sourced from research agency Tracxn showed.
Flipkart is eyeing a market share of 30% in the electronics category across offline and online markets after its Big Billion Days sale, its annual festive season sale which is from October 10-14.
With the total number of shoppers this festive season tipped to jump to 20 million from 14 million last year, e-retailers are readying for bigger festive season.
ANI Technologies, which runs cab-hailing service Ola, has put in fresh capital of Rs 50 crore into its cab-leasing business Ola Fleet Technologies, according to regulatory filings sourced by data intelligence platform Paper.v
During the fiscal, the company’s total expenditure was down 1.5% at Rs 591.4 crore, while the employee benefit cost increased just 1% to Rs 290.4 crore.
Singapore-based Flipkart Marketplace has infused Rs 3,463 crore into the Indian entity Flipkart Internet in two tranches, according to regulatory filings sourced by data intelligence platform Paper.vc.
Amazon Prime Video, the video streaming platform run by e-commerce giant Amazon India plans to increase its regional content offering by adding more vernacular content.
Income tax rules require the buyer (Walmart) to discharge its tax liability within the first seven days of the subsequent month of closing the deal, which was approved by fair market regulator Competition Commission of India
With Singapore’s Temasek picking up a stake in ANI Technologies — the parent company of taxi-hailing application Ola — for $200 million, the business is now valued at $3.5 billion.
A slew of releases in the past three years — from Neerja, Judwaa 2, Baaghi 2, Jolly LLB 2 to the recently released Sanju — has helped Fox Star Studios gain market share in the film production business.
The infusion of fresh funds is part of the $5-billion commitment made by Amazon founder Jeff Bezos for the Indian market. With this, Amazon Inc has till date invested Rs 25,220 crore ($3.84 billion).
FMCG major Nestle India is building on its dairy portfolio with the recent launch of its two new ready-to-drink cold coffees, Chilled Latte and Intense Cafe.
Flipkart-owned online payments app PhonePe has received fresh funds of Rs 451.6 crore from Singapore-based arm Flipkart Payments Pvt Ltd, according to documents sourced through Paper.vc, a data intelligence platform.
SoftBank-backed online grocery Grofers claims it is currently clocking revenues of Rs 150 crore per month but incurs losses in the region of Rs 12 crore.
Thanks to the recent reduction in the GST rate from 28% to 18%, washing machines, refrigerators and microwave ovens among a clutch of other goods become cheaper by around 8%, effective last Friday.
While anecdotal and empirical evidence both confirm online shopping is becoming more popular, e-commerce businesses continue to bleed because consumers need to be pampered with discounts, report Anushree Bhattacharyya in New
Eros Now, the video over-the-top (OTT) from the house of Eros International, posted a 276% increase in its paid subscriber base to 7.9 million in FY18, against just 2.1 million in 2017.
As listeners tune in to free-to-use apps such as YouTube and Amazon Prime Music — part of the bundled offering for Prime subscribers —, music streaming apps such as Saavn, Gaana and Wynk are betting on original content to
In what could spoil the party for theatre and multiplex owners, the Maharashtra government on Friday said that there’s no restriction on moviegoers on taking food articles from outside and consuming them inside the cinema h
