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Although it is not clear yet how many employees will be under the firing axe radar, sources said it is happening across verticals and a few management level employees have already put papers.
With competition increasing fiercely in the retail world, many brands have taken on to innovation technology for enhancing their business. Conversational commerce is one such initiative.
The latest financing round for Flipkart has been come amid talks of the e-tailer's likely to acquired its domestic rival the Softbank-backed Snapdeal to further consolidating its positioning in e-commerce market.
Presently, the country has about 25 realty developers who are into retail, while back in 2008 this figure was 100. If current scenario remains prevail then by 2020 the country would leave with handful of retail developers.
According to a detailed report by CPCB,India generates 5.6 million metric tons of plastic waste each year, of which only 60 per cent is recycled. Delhi tops the list in terms of plastic waste generation with 689.5 metric tons every day.
Once flooded by characters from popular entertainment channels, the back to school range is now witnessing a diverse set of IPs all set to tap into the market of kidís school supplies.
Flipkart has made many changes in its top management. Around seven top executives have quit the company in the past one year, of which three were in the last four months.
True Blue today lauched its maiden store in Mumbai and eyes to expand the count by 30 in the coming 5 years, targeting a turnover of about 200 cr.
Seems like Morgan Stanley has become a regular menace for homegrown eCommerce portal Flipkart.
Sharat Singh, who had joined Flipkart in November, has quit just after a short six-month stint and has joined US multinational Adobe as vice president of engineering.
PayU India announces the appointment of former Bharti Airtelís executive, Sachin Singhal as its Head of Consumer Business.