Amazon is testing a new feature that uses artificial intelligence (AI) to summarize customer reviews. The feature provides concise summaries of the main themes and sentiments from reviews, helping shoppers quickly assess a product’s suitability.  The AI technology also helps detect and prevent fake reviews by analyzing data points such as account relationships and review ...

There is disagreement amongst the government bigwigs over-tightening the noose around e-commerce rules for companies operating in the country. According to the finance ministry, some of the rules are ‘excessive,’ and seemingly unnecessary. The new rules will impact the business of companies like Flipkart, Walmart, Reliance Industries, and Tata Group. As buying sensibilities of the ...

 Flipkart, the Walmart owned e-commerce company has struck a deal worth INR 1,500 crore with Aditya Birla Fashion and Retail Ltd (ABFRL). Under the deal Flipkart has bought 7.85 stakes in ABFRL. The retail sector has witnessed a surge in M&A transactions and analysts expect further rise in such deals. Flipkart is the leader in ...

The e-commerce giant is planning to hire at least 70,000 people across its verticals ahead of its Big Billion Days sale. With the festive season around the corner, Walmart-owned Flipkart said its flagship Big Billion Days event will generate over 70,000 direct and lakhs of indirect seasonal jobs. Recruitment will happen along its supply chain ...

On Tuesday, Reliance Retail, a subsidiary of Reliance Industries ventured into e-pharmacy with acquisitions of Netmeds. Reliance bought 60% stake in Netmeds’ parent company Vitalic, a Chennai-based company for about ₹620 crore. Announcing the acquisition, RIL added that as part of the deal it also got complete ownership of Netmeds’ subsidiaries, Tresara Health, Netmeds Market ...