Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Bengaluru, India
News & Analysis
India's Top Trader Body Seeks Ban on Amazon, Flipkart Festive Sales
The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, when many Indian customers make big-ticket purchases such as cars and gold jewellery.
India's Top Trader Body Seeks Ban on Amazon, Flipkart Festive Sales
The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, when many Indian customers make big-ticket purchases such as cars and gold jewellery.
Global Markets
Amazon in Talks to Buy Stake in India's Reliance Retail
The e-commerce giant is in exploratory talks with India's biggest brick-and-mortar retailer to buy an up to 26 percent stake in India's biggest brick-and-mortar retailer.
Amazon in Talks to Buy Stake in India's Reliance Retail
The e-commerce giant is in exploratory talks with India's biggest brick-and-mortar retailer to buy an up to 26 percent stake in India's biggest brick-and-mortar retailer.
Retail
Flipkart Billionaire's Exit Puts Corporate India on Notice
Companies like Walmart, which bought a majority stake in Flipkart earlier this year, face increasing pressure to make decisions in light of #MeToo and its worldwide relevance.
Flipkart Billionaire's Exit Puts Corporate India on Notice
Companies like Walmart, which bought a majority stake in Flipkart earlier this year, face increasing pressure to make decisions in light of #MeToo and its worldwide relevance.
News & Analysis
Flipkart Confident of Festive Season Sales
The Indian online retailer, owned by Walmart, expects bumper sales during the annual festive season, as it boasts that US rival Amazon Inc is losing relevance in India.
Flipkart Confident of Festive Season Sales
The Indian online retailer, owned by Walmart, expects bumper sales during the annual festive season, as it boasts that US rival Amazon Inc is losing relevance in India.
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News & Analysis
Indian Regulator Clears Walmart's $16 Billion Acquisition of Flipkart
The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.
Indian Regulator Clears Walmart's $16 Billion Acquisition of Flipkart
The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.
Technology
Flipkart Reshuffle Signals Shift to Margins Over Volume
Launched by two former Amazon employees in 2007, Flipkart has grown to become India's most valuable startup worth $15 billion in 2015.
Flipkart Reshuffle Signals Shift to Margins Over Volume
Launched by two former Amazon employees in 2007, Flipkart has grown to become India's most valuable startup worth $15 billion in 2015.
Technology
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Technology
Flipkart's Fashion Unit Myntra Bets on Artificial Intelligence to Drive Growth
Enhancing the consumer experience through technology is key to driving long-term growth, Ambarish Kenghe, Myntra's head of product told Reuters on Thursday.
Flipkart's Fashion Unit Myntra Bets on Artificial Intelligence to Drive Growth
Enhancing the consumer experience through technology is key to driving long-term growth, Ambarish Kenghe, Myntra's head of product told Reuters on Thursday.
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Technology
The Dot-Com Deadpool is Back as India's Tech Boom Turns to Bust
In the past few years, India experienced its biggest-ever startup boom, with entrepreneurs founding thousands of companies. Now the country is getting its own version of a dot-com bust.
The Dot-Com Deadpool is Back as India's Tech Boom Turns to Bust
In the past few years, India experienced its biggest-ever startup boom, with entrepreneurs founding thousands of companies. Now the country is getting its own version of a dot-com bust.
News & Analysis
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
News & Analysis
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
Financial Markets
Amazon Targets India Growth With $3 Billion Investment Boost
Amazon.com Inc. will invest $3 billion more to build its business in India, stepping up its bet that the country will become a major online-shopping market that will fuel sales growth.
Amazon Targets India Growth With $3 Billion Investment Boost
Amazon.com Inc. will invest $3 billion more to build its business in India, stepping up its bet that the country will become a major online-shopping market that will fuel sales growth.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.