India’s online festive sale raked in $8.3 billion in gross sales
+ Alia Bhatt enters D2C Market with Ed-a-Mamma
Alia Bhatt launches Ed-a-Mamma, a brand that specializes in children's clothing for boys and girls. The brand products were made available on the online baby products store, FirstCry, starting at Rs 350, in October. Will soon go live on Amazon and Flipkart.
The government imposes a fine of Rs. 75,000 on Amazon for not displaying ‘Country of origin’ on the products; CAIT says the fine amount is too less and won’t make an impact on Amazon.
India’s online festive sale for a month — during October-November — raked in $8.3 billion in gross sales, including for brands and sellers, up by 65 percent year-on-year, exceeding forecasts
Reliance Jio teams up with Clash Royale to launch a gaming tournament; 2.5 lakh prize money up for grabs.
Flipkart Wholesale says it is in the final step of consolidating its Walmart India operations into the retail market.
The ED has arrested Peter Kerkar, a promoter of Cox and Kings on money-laundering charges.
AstraZeneca to run a global trial of its Covid-19 vaccine. The CEO of AstraZeneca has said that the company in collaboration with the University of Oxford plans to start testing its Covid vaccine on an international level.
NASSCOM announces that over 50% tech startups will see pre-Covid revenues in the next 6 months.
Unacademy at a valuation of $2 billion has raised between $75million to $100million in funding from Tiger Global Management and Dragoneer Investment.
IATA will soon come out with travel passes for International flights, which will replace quarantine and test reports; Global conglomerates happy with this move.
Spotify will now reset passwords of 35,000+ users, after a potential hacking risk is discovered.
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