The Confederation of All India Traders held its latest protest against US-owned Amazon and Flipkart in Jantar Mantar, New Delhi, on December 12 and asked the government not to “collude” with the businesses.
One 97 Communications Ltd, the parent firm of Paytm, has raised Rs 4,724 crore ($660 million) from Alipay Singapore E-commerce Private Ltd, SVF Panther (Cayman) Ltd, T Rowe Price Growth Stock Fund Inc, and others.
The chief executive officer of the Spanish brand is expecting to see “positive results” this year, and reveals the key elements of his growth strategy: a logistics upgrade, bigger stores and omnichannel.
The board of Koovs has decided to place the business into administration after failing to secure additional funding to continue operations. Its founder is expected to acquire the brand and assets out of administration.