Amazon Great Indian Sale: 50% off on smartphones, home appliances, fashion

Amazon Great Indian sale starts from August 9 and will go on till August 12. Know latest offers

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The season of the online sale is back and it’s time to lighten your pockets once more. Starting from tomorrow, the sale will go on until August 12. Amazon will be offering discounts on smartphones and mobile accessories. The Amazon Great Indian sale will feature deals offered by thousands of sellers and brands on select products. Users on the Amazon app as well as the web will have access to it.

Amazon Great Indian sale – Smartphone offers

In the Amazon Great Indian Sale, customers can get 40 per cent off on mobiles and accessories which would also include up to 35 per cent discount on iPhones. Amazon will be offering discounts on smartphones and mobile accessories, and the list of devices includes Apple’s iPhone 7, 7 Plus, iPhone 6s, iPhone 6, along with OnePlus 3T, Lenovo, Moto, Samsung, Honor, Coolpad devices. There will be discounts of up to 75 percent off on software products, up to 50 per cent off on home entertainment products and PC accessories, up to 45 per cent off on tablets and cameras, and up to 35 per cent off on printers and cartridges.

Here’s a quick look at the top deals on Amazon Great India Sale

Apple iPhone: If you’re looking to buy an iPhone, the coming few days will be a good time to consider one. Apple iPhone 6 with 32GB storage is currently on a discount of eight per cent on Amazon India available at a price of Rs 26,899. Flipkart plans to reveal a special price for same phone as part of its Big Freedom Sale. Apple’s older iPhone 5s with 16GB on board storage is retailing at Rs 16,899 for those looking to get an iPhone under Rs 20,000. Read More

Also Read : Latest Current Affairs

 

The Flipkart-ebay deal and the high stake battle with Amazon

Flipkart has been and will continue to make acquisitions to increase scale

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India’s top e-commerce firm Flipkart has raised $1.4 billion in its biggest fundraising to date as it takes on US tech giant Amazon.com Inc for a larger share of the country’s burgeoning online retail market.

Chinese social media and entertainment firm Tencent Holdings Ltd, the world’s biggest software company Microsoft Corp and online marketplace eBay Inc participated in the funding round, Flipkart said in a statement on Monday, which will value the Indian company at $11.6 billion.

That is lower than the $15 billion valuation achieved at its last fundraising in 2015, reflecting how competition has intensified in the e-commerce sector as companies vie for a slice of the world’s fastest-growing internet services market.

Amazon last year said it would invest over $5 billion in India, and has recently expanded into online video and grocery shopping, seeking to expand aggressively in a country where a rising middle class is increasingly shopping online.

The fundraising also comes amid speculation Flipkart may be interested in a takeover of smaller rival Snapdeal. Local media have reported SoftBank Group is keen to sell its stake in Snapdeal in exchange for a stake in Flipkart.

Also Read : eBay looks to recover lost ground through Flipkart deal

“We are delighted that Tencent, eBay and Microsoft – all innovation powerhouses – have chosen to partner with us on their India journey,” Flipkart’s founders Sachin Bansal and Binny Bansal said in a statement.

“This deal reaffirms our resolve to hasten the transformation of commerce in India through technology.”

As part of the fundraising, eBay invested $500 million in Flipkart for a stake, according to a separate statement by both companies. In exchange, eBay will merge its India operations with Flipkart.

A Flipkart spokeswoman said eBay.in will continue to operate as a “separate business” within the Flipkart group, which includes fashion portals Myntra and Jabong.

The company will assess capital requirements across the group and use the new funds to “add value to customers, increase shareholder returns and bring us closer to profitability,” the spokeswoman said.

Ebay, one of the pioneers of online commerce in India, runs a marketplace selling everything from bed sheets to smartphones but with little marketing and few exclusive launches on its India portal sales have lagged behind Flipkart and Amazon.

Flipkart did not disclose the amounts invested by Microsoft and Tencent.

Prior to the latest round, Flipkart had raised more than $3 billion in funding via 10 rounds, mostly from international investors but it has burnt through cash in a competitive market.

In January, Flipkart appointed a former Tiger Global Management executive as its CEO in its biggest management reshuffle as it tried to focus on margins over sales volume.(ReadMore)

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Amazon mobile carnival: Great deals on iPhones, OnePlus 3T & other mobiles

The 2 day long mobile carnival started on 29 March and is expiring on 30 March, 2017

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Amazon India is running a two day long mobile carnival that started on 29 March and is expiring on 30 March, 2017. In the mobile carnival, the e-commerce giant is offering deals, discounts, cashback and exchange offers on smartphones. The Amazon exclusive smartphones like OnePlus 3T, Xiaomi Redmi 4A, Coolpad Cool 1, Huawei Honor 6X etc. are also eligible in the mobile carnival.

Let’s look at the major deals currently running inAmazon Mobile Carnival

iPhone 7 and iPhone 7 Plus

The latest from the stable of iPhone – the iPhone 7 and iPhone 7 Plus – are retailing at a discount of Rs 10,000. The iPhone 7 base model with 32 GB storage and premium model with 128 GB storage is currently available at Rs 49,999 and 59,979, respectively. The elder sibling, iPhone 7 Plus premium model with 128 GB storage is available at Rs 71,899, down from Rs 82,000.

OnePlus 3T

Oneplus 3T is one of the hottest selling smartphones on Amazon India. In Amazon mobile carnival, the online retailer is offering cashback of up to Rs 1,250 in the form of Amazon Pay balance. The cashback can be availed by purchasing the device using Credit Card EMI option. Also, there is Rs 500 Kindle ebook promotion credits available for all the buyers. The buyers are also eligible to get Rs 100 discount on Oneplus 3T Karbon or Sandstone case if they purchase the OnePlus 3T device through Rocket Kommerce LLP retailer on Amazon India. For Amazon Prime users, there is an additional cash scheme running that offers Rs 250 Amazon Pay balance if the user streams the Prime video using Amazon Prime Video app on the OnePlus 3T. Amazon is additionally running a contest, where a buyer stands a chance to win Rs 1 crore, and you can read full details of the contest Click Here.

Snapdeal orders mass lay-off; FreeCharge to be sold for $300 mn

Founders forego salary

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Once a success story of the burgeoning start-up ecosystem, Gurgaon-based online marketplace Snapdeal on Wednesday said it would cut more jobs, stop paying its founders and sell its digital wallet FreeCharge.

Co-founder Kunal Bahl, in an email to employees on Wednesday, finally accepted tough decisions— including letting go of people and a full pay cut for him— are being taken. It has also put on sale FreeCharge and is in talks with Naspers, the South Africa-based internet group, to sell it for $300 million.

“We are combining teams, reducing layers, eliminating non-core projects and strengthening the focus on profitable growth. Sadly, we will also be saying really painful goodbyes to some of our colleagues in this process. This is, by far, the hardest decision we have ever taken,” said Bahl.

Though the company refused to divulge the exact number of people to be sacked, sources close to the development said 800 employees would be laid off over the next few days. Sources confirmed 100 were asked to go on the day itself, within a few minutes of Bahl’s email.

“By the time we finished reading the mail, HR (human resource) called us to their office. They said we would get three months of severance pay. We said yes, as that was the only option on the table,” said an employee who was sacked on Wednesday.

According to sources, employees from marketing, ad-tech, category, digital marketing, engineering team, catalogues, have all been asked to leave. Bahl and his co-founder Rohit Bansal said they will not take pay henceforth.

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Step-by-step guide: How to sell your old/new goods on Amazon

Amazon India has started a programme that allows people to sell their old products

File photo of Amazon.com's logo at Amazon Japan's office building in Tokyo

Today Latest News – Are you tired of stacking old gadgets, books, magazines, et al? E-commerce giant Amazon India has started a pilot programme in Bangalore that allows people to sell their old products.

In an attempt to mobilise its user base and to encourage peer-to-peer (P2P) sales, Amazon has launched a programme called ‘pick-pack-and-pay.

So how does Amazon India’s pick-pack-and-pay programme work?

Step 1List your product/products. Select what you want to sell on Amazon. (Post your new or used products online across different categories – mobiles, books, fashion jewellery, tablets, watches, laptops and video games). Upload your photo. Select the essentials of your product (For example:- brand name, model, publishers). Mention the item condition (new/used). Mention your price, address and other details

Step 2 – Post your ad

Step 3 – Buyers order your product online

Step 4 – You schedule a doorstep pick-up

Step 5 – Amazon picks, packs and ships for you

Step 6 – You receive your money in 3-5 days

Amazon has not yet specified how quickly orders will be processed, but mentioned that buyers will have the option to return products within seven days if defective or not as described.

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Amazon launches Prime Video with 9 original titles from India

Includes original titles from India; American e-commerce giant will make service available in India at Rs 499 yearly, for now, compared to Netflix’s starting price of Rs 500 a month

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American e-commerce giant Amazon Prime announced the launch of its Prime Video service in India, after a year of preparation. It will be available at Rs 499 a year as an introductory offer, and includes a month’s free trial.

The content library has a range of Hollywood and other international movies and TV shows. With this, Amazon Prime has announced the launch of nine Indian original shows, making it the largest Indian original line-up on an OTT (over-therop, meaning delivery of media service over the internet without a multi system operator deciding content) platform.

“After the US and Japan, India is a focus market in terms of content creation. While preparing for the launch, we realised that while there is an appetite for international library and original content (already available on Prime), Indian viewers also have an appetite for good local content. So, we went ahead and collaborated with a range of Indian talent to create the original shows,” says James Farrell, head of content, Asia-Pacific, Amazon Prime and Amazon Studios.

With this pricing, it is among the cheapest of OTT services in India, along with Zee’s Ditto TV. American peer and global competitor Netflix, which launched in January this year, offers three tiers of membership for Rs 500, 650 and 800 a month. Indian entities Eros Now (Rs 49 and Rs 99 a month) and Hotstar (Rs 199 a month) offer some content for free; premium content is charged. In the case of Amazon, a prime customer has access to the entire library in the country. One connection can be viewed on three devices simultaneously and accessed from anywhere in the world.

Amazon Prime Video Launch can be watched using the new Prime Video app for Android phones and tablets, on the Prime Video app for iPhones and iPads, on the new Welcome to Prime Video website, and on popular internet connected TVs and gaming consoles. The Prime membership also includes free shipping all over the country. Read More

At townhall, Sachin Bansal concedes that Flipkart missed targets

At townhall, Sachin Bansal concedes that Flipkart missed targets

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India’s largest e-commerce marketplace Flipkart has seengrowth stagnate and has come under pressure from global rival Amazon for the past year and a half. While the company has on many occasions tried to bury media reports on layoffs and high-level exits, in a rather frank discussion with employees on Friday co-founder Sachin Bansal admitted that the company has indeed missed targets.

Bansal, in a townhall meeting with around 200 employees at Flipkart’s headquarters in Bengaluru, addressed their concerns over recent layoffs by saying that even the top management was not exempt from scrutiny over performance, including himself. Bansal who stepped down as the CEO of Flipkart in January this year, said that the move was “performance linked”.

The frankness of the co-founder might be a rare occasion where top executives at largecompanies news admit to their failures, but it’s also the first time Flipkart is admitting to missing performance targets. Binny Bansal (not related to Sachin Bansal) who took over as CEO of Flipkart has been putting together an entirely new management team, after several top-level exits seemingly due to their inability to hit targets, according to Sachin Bansal. Click Here