Amazon, Flipkart found to have violated Indian quality control rules during warehouse raids

By Reuters Published March 20, 2025 Retail giants Amazon and Walmart-owned Flipkart violated Indian quality control rules by stocking products that did not have the required standards certificate, India’s top government-run product certification agency said on Thursday. Reuters Raids on warehouses operated by both firms, conducted on Wednesday by the Bureau of Indian Standards in […]

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Alibaba boosts share buy back as revenues miss estimates

By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world’s second-largest economy. Reuters U.S.-listed shares of Alibaba fell 4% in early trading after the company flagged an increase of $25 billion to its share […]

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Flipkart announces it is nearing profitability

E-commerce giant Flipkart is close to becoming profitable, sources reported its group chief executive Kalyan Krishnamurthy announcing at a Flipkart town hall meeting. The Walmart-owned business is also preparing to enter the payments business in India. Early spring fashion at Flipkart – Flipkart Fashion- Facebook “Krishnamurthy has discussed with senior leaders that profitability is likely […]

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EBay to cut 1,000 Jobs, reduce contractors to sharpen focus

By Bloomberg Published Jan 24, 2024 EBay Inc. will cut about 1,000 jobs, or 9% of its full-time employees, and reduce work for its outside contractors, saying its staffing and expenses have outpaced growth. eBay The e-commerce company said it needs to be “more nimble” in the face of a “challenging” economic environment. “While we […]

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