In an attempt to outdo global giant Amazon in a burgeoning Indian market, India’s top e-commerce player Flipkart plans to move into the online groceries business, as well as make a renewed push in the online furniture business. These twin moves are being seen as efforts to expand Flipkart’s product portfolio. Binny Bansal, Flipkart’s CEO told Reuters in an interview …

Indian e-commerce major, already locked in a battle with Amazon to tap into the burgeoning Indian online market, has received a glancing blow, with international investor Morgan Stanley cutting the value of the shares in a mutual fund that it manages, thus valuing the company at $5.5 billion. This is the fourth time this year that such a cut has …