E-Commerce Giants: Flipkart suspends services, Amazon stops taking new orders

The E-Commerce Giants Flipkart and Amazon has temporarily stopped their services in India following lock down in the country. Highlights While Flipkart has suspended its services completely, Amazon is to follow on pending orders alone. It will temporarily stop taking ..

Month: Current Affairs - March, 2020

Flipkart partners with Aegon Life Insurance to sell life insurance solutions

E-commerce firm Flipkart recently partnered with Aegon Life Insurance, to sell wide-ranging insurance solutions. It aims to provide solutions for customers who are looking for instant digital policies with a sum assured of up to Rs 10 lakh. This agreement is aimed ..

Ritesh Agarwal named as the world’s second youngest billionaire

As per the recently released Hurun Global Rich List 2020, Ritesh Agarwal- the founder of Oyo Hotels, has been named as the world’s second youngest billionaire. His wealth was estimated at $1.1 billion, at the age of 24. In the ..

Flipkart shuts down Jabong

E-Commerce major Flipkart recently shut down its Jabong- lifestyle and fashion e-commerce portal. The users are being redirected to the website of its another fashion company, Myntra. Flipkart, which is now owned by Walmart, had acquired Jabong for $70 million ..

Mihir Dalal authors book “Big Billion Startup: The Untold Flipkart Story”

The book titled “Big Billion Startup: The Untold Flipkart Story” has been authored by Mihir Dalal. It will recount the story of how the IIT graduates Sachin and Binny Bansal built Flipkart and how internet entrepreneurship was made a desirable ..

Ministry of Consumer Affairs unveiled draft e-commerce norms for consumer protection

The Department of Consumer Affairs (DCA) under the Ministry of Consumer Affairs , Food and Public Distribution has released the draft “e-commerce guidelines for consumer protection 2019” to protect the interest of online shoppers. The draft stated that an e-commerce ..