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TREND | 28 Jan 2025

Flipkart has ended its partnership with us: Medicine e-tailer Sastasundar

Business Standard

Medicine e-tailer Sastasundar on Tuesday said that e-commerce giant Flipkart has ended its partnership in the online pharmacy and healthcare space with it. The Kolkata-based entity also said it has reclaimed its brand's intellectual property rights (IPRs). The Walmart-owned Flipkart had acquired a 75 per cent stake in Sastasundar Marketplace in 2021. An e-mail sent to Flipkart on the development did not elicit any response. "The deal with Flipkart is over and we got back all the intellectual property rights of the Sastasundar brand from it. Now, we will launch our app. In 2021, we had sold a 75 per cent stake in Sastasundar Marketplace Ltd for around Rs 750 crore to Flipkart," Sastasundar Group chairman B L Mittal told PTI. This reclaim transaction did not attract any material investment, he said. Holding company Sastasundar Ventures has re-acquired the brand's IPRs and non-compete rights from Flipkart Health+ through its newly-formed subsidiary, Sastasundar Healthtech Ltd, he ..

E-Commerce

TREND | 27 Jan 2025

iPhone 13 Discount On Flipkart: Price Cut, Camera, Display, Chip, And More

NDTV Profit

You can now avail around 5,000 discount on the Apple iPhone 13 on Flipkart. Here's how.

E-Commerce

TREND | 26 Jan 2025

Prashanth Prakash awarded Padma Shri for transforming startup ecosystem

Business Standard

As a founding partner of venture capital firm Accel India, Prakash has been instrumental in nurturing some of India's most iconic startups, including Flipkart, Swiggy, BookMyShow

E-Commerce

TREND | 24 Jan 2025

'We don't bleed red...': Anupam Mittal responds to Harsh Goenka's jab on firms run by Shark Tank judges

Business Today

Goenka's post included a table outlining financial losses from businesses associated with the Sharksprominent entrepreneurs like Aman Gupta (Boat), Peyush Bansal (Lenskart), Anupam Mittal (Shaadi.com), Kunal Bahl (Snapdeal), Namita Thapar (Emcure Pharmaceuticals), Vineeta Singh (SUGAR Cosmetics), and Amit Jain (CarDekho).

E-Commerce

TREND | 24 Jan 2025

Maharashtra secures 15.7 lakh crore investments at WEF Davos, to create over 4 lakh jobs

Business Line

Other notable investments include Amazon's 71,795 crore for data centres, along with agreements in electronics, textiles, and infrastructure, generating thousands of jobs

Amazon Web Services to invest $8.3bn in Cloud infra in Maharashtra

Business Standard | 23 Jan 2025

E-Commerce

TREND | 23 Jan 2025

Telangana govt inks MoUs worth Rs 1.79 trillion investments at Davos

Business Standard

Chief Minister A Revanth Reddy-led "TelanganaRising" delegation signed as many as 20 MoUs for investments and expansions worth nearly Rs 1.79 lakh crore on the sidelines of the World Economic Forum summit at Davos, Switzerland, with the majority of them for setting up data centres, followed by pumped storage facilities in the state. A press release from the Chief Minister's Office said the investments are expected to create nearly 50,000 jobs. The biggest individual investments breakup broadly includes Amazon AWS - Rs 60,000 crore data centre, Sun Petrochemicals - Rs 45,500 crore, Tillman Global Holdings - Rs 15,000 crore, Megha Engineering - Rs 15,000 crore, among others, it said. "The TelanganaRising delegation, led by CM Reddy concluded its highly successful Davos trip on Thursday with a total investment of Rs 1,78,950 crore (INR One Lakh Seventy Eight Thousand Nine Hundred Fifty crore), which will create 49,550 jobs," the release said. Software majors such as Infosys (17,000 ..

Amazon, Tillman, Blackstone to invest 80,000 crore in Telangana data centers

Business Line | 23 Jan 2025 2 more

E-Commerce

TREND | 22 Jan 2025

Carbon markets investor kicks off $1.5 bn Amazon protection plan in Davos

Business Standard

The initiative is the first major campaign by Silvania, a $500 million nature and biodiversity investment vehicle, working with Conservation International and The Nature Conservancy

E-Commerce

TREND | 18 Jan 2025, 09:33AM

'Never Let A Crisis Go To Waste': Myntra's Mukesh Bansal On Understanding The Start-Up Game

NDTV Profit

Startup is like a marathonyou need staying power, said Bansal, founder of e-commerce platform Myntra and fitness centre line Cultfit.

E-Commerce

TREND | 18 Jan 2025, 08:54AM

Musk hosts Indian bizmen, says 'open to lowering India-US trade barriers'

Business Standard

Oyo, Flipkart and Aditya Birla Group leaders among entrepreneurs who met with Elon Musk and toured his SpaceX base

E-Commerce

TREND | 18 Jan 2025, 01:43AM

Companies News Today Live Updates on January 18, 2025: Amazon axes 200 jobs in Fashion and Fitness group in US: Report

livemint

Companies News Today Live Updates on January 18, 2025: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Amazon axes 200 jobs in Fashion and Fitness group in US: Report

livemint | 18 Jan 2025, 01:42AM