Flipkart is the vehicle through which Wal-Mart is fighting back its prime competitor – Amazon.com. On Wednesday, in a move aimed at retaining customer loyalty, Indian e-commerce giant Flipkart stated, it will be launching its second loyalty program later in August 2018, as it move to better fight Amazon.com Inc’s Prime plan. Bengaluru-headquartered Flipkart stated,…
The development has given rise to expectations that Samsung Electronics can now launch its foldable screen which its mobile chief had hinted was in development; there’s every probability that Samsung could launch this device during the holiday shopping season. On Friday, Samsung Electronics Co Ltd’s subsidiary Samsung Display stated, its unbreakable, bendable screen has passed…
According to the CEO of Society of Motor Manufacturers and Traders (SMMT), Britain’s biggest car manufacturing lobby, “There is growing frustration in global boardrooms at the slow pace of negotiations”. On Tuesday, Britain’s biggest car manufacturing lobby, the Society of Motor Manufacturers and Traders (SMMT), stated the lack of clarity over Brexit has diminished new…
Xiaomi reported a loss of 43.89 billion yuan loss for 2017-2018. In the current financial year, 2018-2019, for the first quarter. it has reported a loss of 7 billion yuan. According to a draft prospectus, China’s Xiaomi has reported a $1.09 billion (7 billion yuan) loss ahead of its initial public offering (IPO). In 2017,…
Having grossed $2.1 billion in 2017, HMD Global is aiming to double its sales channels in key markets in 2018. On Monday, HMD Global, the Finnish company licensed to sell Nokia-branded phones, stated it had raised $100 million in a new funding round aimed at boosting its growth. In 2017, its first year of operations,…
A positive outcome of the talks could enable Lyft to ward off discussions on its IPO, slated for 2018, and could enable it to increase its footprint in the U.S. As per a source familiar with the matter at hand, Alphabet Inc is holding early talks with Lyft Inc regarding purchasing a stake in the…
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