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 ...