In a first of its kind move, Made in India ecommerce portal Flipkart has announced the launch of credit line for its consumers. Now, online shoppers can get upto Rs 60,000 credit for shopping online, which they can pay later.
If this happens, then after Paytm’s plans to sell mutual funds in India, this will be one of the biggest stories of India’s financial market.
The trillion dollar US e-commerce giant Amazon is taking India very seriously. The company knows the country is the next big thing on the planet as both America and China are inching towards a saturated phase.
Now, this is some bad news for the online shoppers in India. More bad news, if you were planning on a shopping splurge this festive season.
United Kingdom’s one of the largest and most influential employee unions have strongly pitched for a 4-day work-week for all employees working the UK.
As per predictions coming in, around 2 crore online shoppers from India are expected to splurge Rs 21,000 crore on online shopping, only during the 5 festive days of October!
Two of the biggest Internet companies: Amazon and Google, both have announced some massive programs to tap the regional language speakers in India.
Jeff Bezos, founder of Amazon too saw his worth increase by $2 billion in the last 24 hours, and now, he is worth more than TCS, which is India’s most valuable company.
Kishore Biyani led Future Group is right now under hot pursuit from Alibaba, Google and Amazon, as they wish to invest in the company, and grab a pie of the offline retail sector.
The period between September to December is considered the most fruitful period for the e-commerce companies in India, considering the back to back festivals and occasions in the country.