This ongoing Flipkart sale is the first major one after notification by the government in March allowing full foreign direct investment (FDI) in marketplaces with the rider that they will not influence prices of goods sold.
The media invites for Coolpad's Max launch in Delhi are doing e-rounds, amid a vendor shipment report by International Data Corporation (IDC) indicating sizeable traction gained by the company in India.
What brings Tata CLiQ in direct competition with the three eRetail biggies (Flipkart, Snapdeal and Amazon) is that the platform will offer electronics as well along with apparel, and footwear products.
Journey of eCommerce, which is already experiencing a tough rollercoaster, seems to get tougher now. After various shocks regarding the downfall of the industry, here is yet another massive quake that will add to the miseries.
Last couple of months has been a nightmare as the company was all over the news (of course for the downbeats). Here is the list of 3 catastrophic incidents Flipkart came across within 4 months of 2016: