Written By SOURAV MAJUMDAR We all know of the e-commerce battleground and the eyeball-to-eyeball confrontation between global giant Amazon and homegrown Flipkart. But an equally intense battle is unfolding behind the scenes: that’s for the top slot in the highly competitive online fashion sweepstakes. That the big boys in the e-commerce game will be locked in a fight to the finish on the fashion front is not without reason. At last count, the size of the Indian online fashion market was pegged at $4 billion, projected to grow 3.5 times to touch $14 billion by 2020. And that’s not all.…
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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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