Page 12 - Flipkart

Flipkart's 10-minute medicine delivery to shake up online pharmacy market

Flipkart to launch 10-minute medicine delivery under its 'Flipkart Minutes' service, partnering with local chemists to tap into quick commerce and expand its online pharmacy footprint

Alphabet arm gets CCI's clearance to acquire stake in Walmart's Flipkart

The Competition Commission on Tuesday granted approval to Alphabet's arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google's parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. "The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target's subsidiary for the provision of certain services," the regulator said in a release. "Commission approves transaction involving subscription of shares of Flipkart Pvt Ltd by Shoreline, an Alphabet, Inc subsidiary," the regulator said in a post on X. Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and ..

Consumer commission pulls up Flipkart over complaint about product quality

The complainant, a resident of Goregaon, said she had bought 13 small plastic containers of an health drink mix for Rs 4,641 from Flipkart in October 2023

Ekart's supply chain monetisation efforts achieve 8x growth in last 3 years

With a daily capacity of over 6 mn shipments, Ekart's last-mile network now spans 98 per cent of Indian postal codes, backed by over 50 million cubic feet of warehousing and a fleet of 7,000 trucks

Flipkart Black Friday Sale: Check deals on iPhones, foldables, Pixels, more

The discontinued iPhone 15 Pro model is available on Flipkart at a discounted price, while standard iPhone 15 models have their prices reduced even further

Flipkart's Binny Bansal steps down from fintech major PhonePe board

In January this year, Bansal also stepped down from Flipkart's board. He had been on the PhonePe board since 2016, when the Flipkart group acquired the payments firm

Walmart's executive Dan Bartlett joins Flipkart as a board member

Bartlett has decades of experience in public relations and government affairs

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

The ED has reportedly quizzed the 'top' five sellers of both firms and found that many are former employees or relatives of former associates of Amazon and Flipkart

ED shifts focus to Amazon and Flipkart ties with preferred sellers

Under India's FDI rules, e-commerce platforms are prohibited from exercising control over vendors and are required to operate solely as neutral intermediaries

CCI seeks SC intervention to streamline Amazon, Flipkart antitrust cases

As multiple high court cases delay its probe, the CCI now considers a Supreme Court petition to merge antitrust cases against Amazon, Flipkart, and certain other platform sellers

Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid

Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week

Flipkart achieves EV deployment target of over 10,000 in delivery fleet

The firm said it is adopting a fully electric logistics last-mile fleet by 2030 as part of the Climate Group's EV100 initiative

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

ED searches 19 premises of Amazon, Flipkart vendors in Fema probe

A total of 19 premises of these "preferred" vendors located in Delhi, Gurugram and Panchkula (Haryana), Hyderabad (Telangana) and Bengaluru (Karnataka) were covered as part of the action, they said

CCI recalls Flipkart antitrust probe report after Xiaomi complaint

China's Xiaomi had complained to the Competition Commission of India (CCI) that the report - which found Flipkart, some of its sellers, and smartphone players in violation of competition laws

India’s festive shopping hits record high of Rs 1 trillion

India’s e-commerce platforms achieved record-breaking sales of around Rs 1 trillion during this year’s festive season. Watch the video to know more.

Tech giants generate over Rs 60,000 crore in advertising revenue FY24

Tech giants Google, Meta, Amazon, and Flipkart generated more than Rs 60,000 crore in advertising revenue for FY24, reflecting a 9 per cent increase compared to the previous year

Festive boost: Flipkart records 7.2 billion customer engagement visits

The e-commerce firm also witnessed a record 282 million unique visitors during the period, primarily driven by premiumisation and personalised preferences, especially in metros and Tier-2+ cities

Flipkart marketplace arm revenue grows 21%, losses reduce by 41% in FY24

In FY24, Flipkart Internet generated nearly Rs 5,000 crore from advertising, up from Rs 3,324.7 crore in the previous year

E-commerce major Flipkart narrows loss to Rs 4,248 crore in FY24

E-commerce major Flipkart has reported narrowing of consolidated net loss to Rs 4,248.3 crore in 2023-24 helped by increase in its revenue, according to a regulatory filing report shared by Tofler on Monday. The company posted a consolidated net loss of Rs 4,897 crore in the financial year (FY) 2022-23. The company's expenses on purchase of stock in trade increased by about 24 per cent to Rs 74,271.2 crore in FY 2024 from Rs 59,816.6 crore in FY 2023. According to the Tofler report, Flipkart's return on equity dropped to the lowest level in the last five years to negative 49.6 per cent. The return on capital employed for the company was also the lowest at negative 54.09 per cent in the last five fiscal years. The consolidated revenue of the Walmart Group firm increased by about 26 per cent to Rs 70,541.90 crore in FY 2024 from Rs 55,823.9 crore in FY 2023. An email query sent to Flipkart elicited no immediate reply.