To help the Chinese ecommerce giant to buy stakes in Chinese and overseas companies, Alibaba Group Holding has signed a deal for a $3 billion five year loan. As per a Reuter report, Jack Ma led Alibaba has been expanding in areas beyond its core ecommerce base, following slowdown in its online shopping business. In … Read More →
Swedish clothing retail major H&M will continue to buy garment items from Bangladesh even as it scouts for alternative sourcing destinations, a top official of the company has said according to reports in the Bangladeshi media. “H&M has maintained good relations with Bangladesh over the last 30 years. We have a long-term plan for Bangladesh. … Read More →
Jawaharlal Nehru University Students Union (JNUSU) President Kanhaiya Kumar was on Thursday roughed up by a man on the university campus. The varsity’s security held the accused man, who identified himself as Vikas Chaudhary, a builder from Ghaziabad, detained him at the administration block and called police. According to students and teachers present there, the … Read More →
The Canadian PM, who has become popular among masses and continues to set new standards of behaviour for world leaders, had his humour game on during his visit to the USA. Addressing students at the American University, Justin Trudeau said: “I have more Sikhs in my cabinet than Modi does.” Trudeau’s cabinet has four Sikh … Read More →
World’s largest e-retailer Amazon is India’s most trusted online shopping brand followed by home-grown Snapdeal and Flipkart, a survey said. Other firms to figure in the top 10 trusted online shopping brands are eBay, Myntra, Yepme, Jabong,Naaptol, Shopclues, and Askmebazaar. The survey was conducted among 2,500 respondents – aged 21 to 50 years – across … Read More →
Myntra, part of Indian’s biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and India’s e-commerce sector is … Read More →
Moving away from the usual practice of focussing on GMV as a growth parameter, e-commerce major Snapdeal is now aiming to enable 20 million users to transact on its ecosystem daily by 2020. At a recent townhall, Snapdeal co-founder and CEO Kunal Bahl told employees that the new mission aims to pivot the entire organisation … Read More →