Global News

[ad_1] Flipkart and PhonePe announced last week that they have completed their separation. (File) New Delhi: E-commerce giant Flipkart has planned to award a one-time payout of $700 million to its employees. The move is likely to benefit up to 25,000 of Flipkart's current and past workers, reported  Moneycontrol  quoting sources.  Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer), announced the cash payout in an internal email to its employees last week. The payout will be available to holders of employee stock options. “We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction. This payout represents the value of the PhonePe holding within those Flipkart options,” the email accessed by  Moneycontrol , read.  The CEO wrote that while the new share price of Flipkart was determined at $165.83 per option, the employee payout will be at $43.

[ad_1] New Delhi: E-commerce major Flipkart on Friday announced that it entered into a strategic partnership with Axis Bank to facilitate personal loans for its valued customers, adding additional convenience and enhanced benefits to its 450 million customers. Customers can now avail instant, end-to-end digital personal loans up to Rs 5 lakh with loan approval within 30 seconds on Flipkart, plus the loan purchase option will offer customers flexible repayment cycles ranging from six to 36 months. "Through strategic collaborations with leading banking institutions, we have successfully empowered our customers with a wide array of affordable payment options, including Buy Now Pay Later (BNPL), Equated Monthly Installments (EMI), and Co-branded Credit Cards," Dheeraj Aneja, Senior Vice President - Fintech and Payments Group at Flipkart, said in a statement. cre Trending Stories Moreover, the company said that the personal loan facility will empower customers with in

[ad_1] NEW DELHI: Adani Enterprises , the flagship firm of billionaire Gautam Adani's group, has bought a close to 30 per cent stake in Start Enterprises Pvt Ltd, which owns the online train ticket booking platform Trainman . Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL. In a stock exchange filing on Saturday, Adani Enterprises said Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary of the company, has bought a 29.81 per cent stake in SEPL for Rs 3.56 crore. SEPL had a turnover of Rs 4.51 crore in 2022-23 (April 2022 to March 2023) fiscal year. While last month, Adani Enterprises had described SEPL as "an online train booking and information platform," on Saturday it described the firm as one into "e-commerce and website development." The announcement last month had led to a mini-controversy with Congress general secretary Jairam Ramesh seeking to suggest that Adani's takeover of Trainman may even

[ad_1] New Delhi:  A Flipkart delivery franchise could be the ideal business option for you if you're looking for a way to earn some extra cash. The popularity of online shopping has increased demand for the services of Flipkart, the largest online retailer in India. To further their goal of reaching more people, Flipkart is constantly seeking additional franchisees. You would be accountable for delivering orders to clients in your region as an entrepreneur franchisee. What Is Flipkart Delivery Franchise? cre Trending Stories It is a style of franchising where the franchisee consents to provide products or services on the franchisor's behalf. Online retailers frequently employ these kinds of companies since they may contract out their delivery requirements to franchisees. Requirements For A Flipkart Delivery Franchise You must fulfill a few conditions in order to become a Flipkart delivery partner. You would first need a car of your own. The second requirement

[ad_1] New Delhi:  A Flipkart delivery franchise could be the ideal business option for you if you're looking for a way to earn some extra cash. The popularity of online shopping has increased demand for the services of Flipkart, the largest online retailer in India. To further their goal of reaching more people, Flipkart is constantly seeking additional franchisees. You would be accountable for delivering orders to clients in your region as an entrepreneur franchisee. What Is Flipkart Delivery Franchise? cre Trending Stories It is a style of franchising where the franchisee consents to provide products or services on the franchisor's behalf. Online retailers frequently employ these kinds of companies since they may contract out their delivery requirements to franchisees. Requirements For A Flipkart Delivery Franchise You must fulfill a few conditions in order to become a Flipkart delivery partner. You would first need a car of your own. The second requirement