Thursday's results show that Alibaba Group Holding Ltd , one of Asia's most valuable companies, continues to derive the lion's share of its revenue from e-commerce, despite strong growth in its entertainment and cloud businesses.
Moneycontrol had earlier reported that Amazon was going create 5,000 new jobs in India in the current year
The company aims to organise the mostly unstructured category of used and unboxed electronics, it said.
The e-commerce company will be among the first marketplaces to enter this category.
MobiKwik has so far raised over USD 85 million in funding from investors like South Africa's payments major Net1, Sequoia Capital, American Express, Tree Line Asia and Cisco Investments.
Usha, which sells through Amazon and Flipkart, is in talks with Paytm and Urban Ladder and is evaluating options with Myntra and Infibeam.
SoftBank, already invested in Indian online grocer Grofers and cab hailing firm Ola, tried for months to engineer a share swap transaction between Snapdeal and Flipkart, India's two main homegrown e-commerce companies.
With this, eBay.in will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft.
The development comes as the acquisition talks between Snapdeal and Flipkart is expected to have fallen flat
The company had posted a net loss of Rs 44.55 crore during the same period of the previous fiscal, NDTV said in a BSE filing today.
A brief flashback into the recent investments made by Amazon in India shows how important India is for its global growth
The association also claimed that their representative even met the Consumer Affairs Ministry earlier this year that informed that they themselves were waiting to hear from the Commerce Ministry.
"Customers are our most important stakeholder... We want to thank customers for being a part of our fabulous journey by giving them an inside track on Flipkart and showing them how we go about fulfilling their wishes," Flipkart CEO Kalyan Krishnamurthy said in a statement.
Speaking at the company's 84th annual general meeting, Bata chairman Uday Khanna said the company is aggressively penetrating footwear markets of tier-III and IV towns and has increased its focus to improve performance in single town Bata stores.
Reuters previously reported that Snapdeal had earlier this month rejected Flipkart's initial bid of between $800 million and $850 million, as its board was unsatisfied with the offer and the payment terms.
The mega sale from the e-commerce giant in India comes 10 days after the GST roll out.
"Presently we have connected over 50,000 users in the south and west, and are looking to expand this number to over 70,000 small retailers by the end of 2017," chief executive officer of ShopX, Amit Sharma told PTI.
An amendment in this regard has been made to the Legal Metrology (Packaged commodities) Rules, 2011 by the consumer affairs ministry last month.
In horizontal e-commerce industry in India, rivals need to unite in order to stop the Amazon juggernaut from capturing the entire market
Earlier, online retailers used to supply the phones from states where Value Added Tax was lower, said a report by The Economic Times. However, with GST, there is a uniform tax rate across India.
The fresh infusion -- part of Amazon's USD 5 billion commitment to Indian market -- will also provide more arsenal to the Indian entity that is locked in an intense battle for leadership with local rival, Flipkart.
The company has so far raised USD 65 million, including from the latest instalment. "The funds will be used to strengthen the technology platform, tech-focussed acquisitions and strengthen Droom's brand portfolio," Droom founder and CEO Sandeep Aggarwal told reporters here. He, however, declined to comment on the valuation of the company.
Besides, the Burman family-promoted firm is seeking to tap the young consumers who "are increasingly going back to their roots and taking pride in tradition" for its ayurveda and ayurvedic products.
The move doubles Alibaba's investment in the firm after last year's deal to buy a controlling stake in Lazada for about $1 billion.
The billionaire Chinese businessman sat down with CNBC this week at the Gateway '17 conference in Detroit for a wide-ranging interview on those topics and others. Here are the highlights: