Myntra generates biggest monthly sales in January
Myntra CEO Ananth Narayanan. Online fashion retailer Myntra.com said that it generated annualized gross sales of $800 million this month, a 70% jump from last January, as the firm splurged…
Flipkart to offer its logistics services to third-party e-commerce firms
Flipkart is also gearing up to roll out an inter-city customer-to-customer courier service called eFlash in the next two months. Photo: Bloomberg Bengaluru/New Delhi: Flipkart Ltd, the country’s largest online…
Wipro Ventures invests Rs9.78 crore in big data start-up Altizon Systems
Photo: Hemant Mishra/Mint Bengaluru: Wipro Ltd’s corporate venture arm Wipro Ventures has picked up a minority stake in Pune-based big data start-up Altizon Systems Pvt. Ltd. Wipro’s Rs.9.78 crore investment…
RBI eases stake sale rules in start-ups
The RBI said it would clarify certain other issues that are permissible under current rules. Photo: Ramesh Pathania/Mint Mumbai: The Reserve Bank of India (RBI) allowed overseas investors to sell…