Found 235 Articles for Economics

The e-commerce giant, Amazo.com, now seems to be getting entrapped into the margin-crushing war as it is going to offload costs onto suppliers and reduce the number of single, low-cost items buyers can purchase. The whole change is being made just to offset the blooming shipping costs.In a major move in strategy, Amazon is increasing the transportation fees for a supplier of diapers, beverages, and other heavy products that go beyond the affordable range for the giant to deliver.Moreover, Amazon will probably put an end to the selling of tiny products like soap, toothbrushes, nail paint or a lipstick unless ... Read More

It's official now! Yes, finally it has been decided that the biggest retail company in the world Walmart will own the biggest e-commerce company in India, Flipkart. The American firm will have the 77% share in Flipkart in 160 Million dollars. Flipkart's valuation in the deal has been rated 20.8 billion dollars which makes it biggest ever deal in e-commerce. The rest of the 23% holding will be owned by Co-founder Binny Bansal, Tencent Holdings, Tiger Global Management and Microsoft. Executive Chairman Sachin Bansal will sell out his 5.5% share and for that, he will get ₹ 6, 700 crores.Here ... Read More

Bitcoin is nothing but cryptocurrency or can also be called digital currency. The rules of cryptography for regulating and generating of units of currency are used in this currency. Bitcoins are the most priceless among all cryptocurrency. It is also generally called a decentralized digital currency.How Does It Work?They are totally virtual coins created to be 'self-contained' for their value, emitting the hassle of moving and storing, especially for banks. They have the value of just like the bars of gold in your pockets. These bitcoins can be used to buy goods and services online, or you can keep them ... Read More

In December 2010, Flipkart acquired its first company named weread.com, which is a book review website. In October 2011, Flipkart acquired a digital music store called 'Mime-360'. Along with cash deal, Flipkart did a stock deal as well here. In November 2011, it took over a Bollywood news website 'Chakpak.com'. In February 2012, Flipkart obtained the then biggest online electronics retailer 'Letsbuy.com'. In May 2014, it acquired the online lifestyle retailer 'Myntra' at $30 Crore. In September 2014, it obtained the large chunk of a payment platform named 'NHPay'. November 2014, Flipkart bought a great number of shares of 'Jeeves', ... Read More

The seizure of ₹ 171 crores during the election campaigns of various parties in Karnataka has again ensured the existence of black money in the country and that too at a huge level and it is undoubtedly used to buy and sell votes. Along with that a great deal of fake currency, which is about ₹ 7 crore, has also been seized in the state.This amount was ₹ 13 crores in the last assembly election which clearly indicates the proliferation of black money despite Modi government’s major step of demonetization. Karnataka is the 22nd state where the election is taking ... Read More