Free Press Journal
  • Snapdeal loss widens to Rs 4,647 crore

    New Delhi : E-commerce firm Snapdeal saw its losses mounting to Rs 4,647 crore for the fiscal ending March 2017, impacted by a provision for “impairment of goodwill” of Rs 1,797 crore.

  • Monte Carlo to focus on all-seasons wear

    New Delhi : Monte Carlo Fashions, known mostly as a winter-wear brand, is looking to expand the product range to be recognised as an all-season apparel brand and increase footprint across the country. The company in an investor presentation to analysts said it will “focus on a comprehensive range of cotton and cotton- blended products which cater to all seasons in order to expand our all-season product range and strengthen our pan-India

  • Bhopal: Notice to Snapdeal, Indiamart for online trading of animal body parts

    Bhopal: Tiger Strike Force has served notice to Snapdeal, Indiamart, Wish and Buy and Craft Composition for online trading of wild animal parts. The companies have been instructed to remove details which they had displayed about body parts of wild animals.

  • Respect Snapdeal’s move, talking to Flipkart: SoftBank

    New Delhi : Softbank CEO Masayoshi Son on Monday said he respected the decision of Snapdeal founders to call off merger talks with Flipkart and the Japanese firm is now pursuing separate discussions with the largest Indian e- tailer. SoftBank, which announced its June quarter financials on Monday, has been reported to be in talks with Snapdeal’s rival and India’s largest e-commerce platform Flipkart for investing up to $2 billion.

  • Snapdeal to send Flipkart’s proposal to shareholders

    New Delhi : Snapdeal is likely to send Flipkart’s USD 900-950 million buyout proposal to its shareholders this week to seek their views on the plan, according to sources.

  • Flipkart revises Snapdeal buyout offer to $900-950 mn

    New Delhi: Online retailing major Flipkart is believed to have sent a revised offer of USD 900-950 million to buy smaller rival, Snapdeal, according to sources. The Bengaluru-based firm has offered to pay the said amount for buying Snapdeal’s online marketplace and Unicommerce, two people privy to the development said. In 2015, Snapdeal had acquired Unicommerce, an e-commerce management software and fulfilment solution provider. The sources did not wish to be identified as the

  • Snapdeal board rejects $850 mn offer from Flipkart

    New Delhi: Snapdeal’s board is believed to have rejected a takeover offer of USD 800-850 million (around Rs 5,500 crore) from larger e-commerce rival Flipkart.

  • Post-GST online shopping orders will reach to you early

    On Saturday, that is July 1 Goods and Services Tax (GST) will be rolled everyone in the country are bracing their selves for GST to roll out. With the introduction of indirect tax regime, online shopping is going to be a lot easier.

  • Snapdeal raises over Rs 13 cr from NVP, founders

    New Delhi : Snapdeal has raised over Rs 113 crore from early investor Nexus Venture Partners and founders Kunal Bahl and Rohit Bansal, amid talks of a potential sale of the e-commerce firm to larger rival Flipkart.

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