Flipkart's Sachin Bansal On Challenges Ahead
Apr 29, 2016
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 16, 2016 19:14 (IST)
Bansal in response to a question said post announcement of demonetisation, "almost the entire" business for Flipkart has been through electronic means of payment.
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 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.
On August 03, 2016 16:25 (IST)
India Inc. is eagerly awaiting the passage of the Goods and Services Tax (GST) Bill, dubbed as the biggest tax reform since independence. The GST will eliminate a number of indirect taxes and levies, transforming the country into one market. GST is expected to boost economic growth and bring down costs of manufactured goods, which will increase the...
On July 03, 2016 14:21 (IST)
Battling successive markdowns in valuation by investors and third parties, Flipkart chairman Sachin Bansal has said that such cuts are their "opinions" and cited the case of Uber to illustrate that it will not impact the e-commerce major's fundraising plans.
On June 29, 2016 22:39 (IST)
E-commerce major Flipkart on Wednesday expressed concern over a clause relating to tax collection at source (TCS) in the Goods and Service Tax (GST) Bill.
On March 28, 2016 11:08 (IST)
Founders of Indian E-commerce rivals Flipkart and Snapdeal took to Twitter to trade barbs at each other's companies over Chinese player Alibaba's entry into India.
On February 11, 2016 00:46 (IST)
E-commerce major Flipkart will continue to fund discounts to win customers and stay ahead of the competition while investing in back-end operations, the company's co-founder and chief executive Sachin Bansal said here on Wednesday.
On January 11, 2016 14:22 (IST)
Flipkart, India's biggest e-commerce company, on Monday said its chief executive and co-founder Sachin Bansal will step down and be succeeded by its other co-founder, Binny Bansal.
On January 11, 2016 13:52 (IST)
E-commerce major Flipkart on Monday announced that Binny Bansal, co-founder and COO, will be the new chief executive officer of the company. Co-founder Sachin Bansal, who is the current CEO, will be the executive chairman.
On November 25, 2015 13:37 (IST)
Flipkart founder Sachin Bansal on Wednesday extended his support to rival etailer Snapdeal, which has come under fire from some users over comments made by its brand ambassador and superstar Aamir Khan. Flipkart and Snapdeal are rivals in domestic e-commerce industry valued at around $20 billion.
On September 24, 2015 13:08 (IST)
Flipkart's co-founders Sachin and Binny Bansal have made it to the prestigious Forbes list of richest Indian billionaires for the first time, the magazine said on Wednesday.