The US-based e-commerce giants Amazon and its Indian replica Flipkart has stepped down from acquiring Dubai’s e-commerce web portal Souq.com despite the deal being a US$1 billion worth. Both the firms were in talks to acquire the e-commerce website but the reports of backing out months earlier direct towards an increasing level of competition in the market of Mergers & …

India-based e-commerce giant and car-rental aggregator Flipkart Inc and Ola Inc. has finally knocked the door of honourable Prime Minister Narendra Modi whereby, they asked to provide some solution regarding the present scenario of domestic companies which are surpassed by overseas firms like Amazon and Uber. Raising the banner of nationalism in their fight against the foreign companies’, Flipkart’s Sachin …

In a recent event, e-commerce giant witnessed another high-level exit as Flipkart’s Chief Financial Officer (CFO) Sanjay Baweja resigns from his post. He is one of those higher officials who comes in the list of latest quitting. Earlier, the company sacked as many as 700 to 1000 employees as a part of the cost-cutting drive. Moreover, the recent resignation of …