On April 14, 2017 11:17 (IST)
Flipkart Group CEO Binny Bansal said the differential grant was being made, so that the total dollar value of options allotted to an employee remain unchanged.
On April 12, 2017 12:11 (IST)
A large part of the money raised from the latest deals will be invested in new businesses, especially PhonePe and fintech, said Flipkart Co-Founder and CEO Binny Bansal.
On April 11, 2017 11:40 (IST)
Subrata Mitra of Accel Partners was responding to a query whether Flipkart would focus on making profits after forging partnerships with Tencent, Microsoft and eBay.
On April 11, 2017 08:42 (IST)
Bansal said the deals that the company has struck are important for them as e-commerce space accounts for less than two per cent of all retail in India and the potential for online retail alone is about $100 billion.
On April 11, 2017 08:10 (IST)
The investment by eBay is accompanied by a strategic commercial agreement with Flipkart. In exchange for an equity stake in Flipkart, eBay is making a cash investment in and selling its eBay.in business to Flipkart.
On March 08, 2017 11:29 (IST)
Last summer, with Flipkart Online Services Pvt losing ground to Amazon.com Inc., Tiger sent in former EBay executive Kalyan Krishnamurthy to help turn around India's most valuable internet startup.
On March 07, 2017 20:08 (IST)
The country now has 132 billionaires with a net worth of $1 billion or more and the cumulative wealth of the ultra-rich people stood at $392 billion, according to Hurun Global Rich List India.
On February 20, 2017 15:19 (IST)
The strategic partnership was aimed at providing consumers in the country the best online shopping service, it said.
On January 11, 2017 11:08 (IST)
The company, which recently announced top-level changes, said the restructuring is aimed at "improving operational efficiencies".
On January 10, 2017 14:55 (IST)
The highly competitive e-commerce market in India has driven players to offer steep discounts in a bid to snag market share. This in turn has raised concerns around profitability and dented valuations of many e-tailers including Flipkart.
On January 10, 2017 10:40 (IST)
The shake-up follows a series of valuation writedowns for Flipkart, which has seen its lead in the online market in India eaten into by global e-commerce giant Amazon.
On January 09, 2017 22:59 (IST)
Kalyan Krishnamurthy, currently heading the Category Design Organisation, will become the CEO of Flipkart.
On December 05, 2016 12:59 (IST)
Sachin Bansal and Binny Bansal, founders of Flipkart, have been jointly named "Asian of the Year 2016" by Singapore-based newspaper The Straits Times as part of a group called the "The Disruptors".
On November 20, 2016 16:40 (IST)
India's top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in the online furniture business, as it expands its product portfolio and looks to outmaneuver global giant Amazon.com in a burgeoning Indian market.
On September 22, 2016 15:07 (IST)
New-age retailer Flipkart's co-founders Sachin and Binny Bansal made a surprise exit from the Forbes list of India's 100 wealthiest people, while yoga guru Ramdev's close associate Balkrishna has entered the ranking with a net worth of $2.5 billion.
On September 21, 2016 11:11 (IST)
Homegrown e-tailer Flipkart has crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone.
On September 09, 2016 10:57 (IST)
Vijay Shekhar Sharma, 38, is the richest entrepreneur in India below the age of 40, according to Hurun's India rich list for 2016. The net worth of Paytm's founder jumped 162 per cent in the past one year to Rs 7,300 crore, says the report.
On August 27, 2016 11:29 (IST)
The rejig at Flipkart, the third major one this year, comes at a time when the Bengaluru-based firm is locked in a battle with global rival Amazon for market leadership.