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Reliance Retail borrow Rs 4500 crore for e-commerce boost [Type: News]
MUMBAI: Reliance Retail plans to borrow Rs 4,500 crore through term loans and debentures to build its ecommerce business and accelerate store openings in select formats as rivals intensify their efforts to expand market share. The Mukesh Ambani-contr ...
Online Grocer BigBasket Acquires Delyver Bolster its Hyperiocal Delivery Service [Type: News]
Online grocery retailer BigBasket.com, owned and operated by Bangalore-based SuperMarket Grocery Supplies Pvt Ltd, has acquired hyperlocal delivery startup Delyver in a cash-and-stock deal. The transaction gives BigBasket increased depth in its ...
Online Fashion Portal Abof Deploys IBM Solutions [Type: News]
IBM solutions offer abof.com a scalable platform, seamless order fulfillment options and innovative customer engagement features.   According to a recent study by ASSOCHAM and PwC. almost 55 million consumers made online purchases in 2015 and ...
Aditya Birla Retail buys Jubilants industries hypermarket business [Type: News]
Aditya Birla Retail (ABR), which owns the ‘More’ chain of retail stores, has announced the acquisition of the Total Superstore Business (Total Undertaking), the retail division of Jubilant Agri and Consumer Products Ltd. (JACPL). While ...
Aditya Birla Groups Chairman Kumar Mangalam plans to enter Indian e-tail segment [Type: News]
Billionaire Kumar Mangalam Birla plans to enter the burgeoning Indian online market. The chairman of the $40 billion Aditya Birla group, which is engaged in businesses from mining and financial services to telecommunications, is open to either acquir ...
Flipkart announces new additions to leadership team [Type: News]
E-commerce marketplace Flipkart has announced the addition of two new members to leadership positions within the company. The positions announced are the Vice President of Fashion (Retail) and the Vice President of HR (Supply-Chain). Rishi Vasudev ...
Oxford University in talks with Madura Garments for a brand franchising deal for apparels [Type: News]
The University of Oxford may not have made up its mind to set up a campus in India, but it may soon be selling fashion clothing in the country in a tie-up with Aditya Birla Group company Madura Garments. Oxford Ltd, a wholly owned arm of the Briti ...
Tata Group Launch e-Commerce Platform Tata CLiQ On 27 May [Type: News]
The Tata Group through Tata Unistore is launching their e-commerce platform, Tata CLiQ.  The website and apps (iOS and Android) will go live on May 27. The Tata Group owns offline chains – Westside, Landmark and Croma (operated by Infiniti ...