Flipkart ceases operations across supply chain amid lockdown

March 25, 2020
New Delhi: Etailer Flipkart on Wednesday said it has temporarily suspended its operations and services – including grocery items — as India enters a 21-day lockdown.

Although ecommerce platforms were allowed to provide essential goods and services in Prime Minister Narendra Modi’s address to the nation, Flipkart decided to halt all orders from March 25 for its three supply chains — grocery, non-large goods and large items.

“These are difficult times, times like no other. Never before, have communities stayed apart to stay safe! Never before, has been at home meant helping the nations!” the company posted on its website.

In an internal email sent to employees, Adarsh Menon who is senior vice president at Flipkart wrote that senior executives will “evaluate how to get supply chains back in consultation with government and stakeholders but as of now the platform will not accept any orders”.

Ecommerce giant Amazon, in a blog post on Tuesday, said that it has prioritized available fulfilment and logistics capacity to serve products that are currently critical for customers such as household staples, packaged food, health care, hygiene, personal safety and other high priority products.

“This also means that we have to temporarily stop taking orders and disable shipments for lower-priority products. For all pending customer orders on lower-priority products, we are reaching out to customers and giving them a choice to cancel their orders, and receive a refund for prepaid items,” said Amazon.

The company said it will continue to work with concerned government authorities to ensure on-ground support that will enable it to offer a more expanded selection to fulfil customer needs. IANS

Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal

Mumbai: Shares of Bajaj Finserv continued to decline on Friday by falling 0.53 per cent during intra-day trade to Rs 1,842 on the National Stock Exchange (NSE). The stock has...

India hits 1 billion tonnes coal production, PM Modi calls it ‘a proud moment’

New Delhi: With India's coal production crossing 1 billion tonnes, Prime Minister Narendra Modi on Friday hailed the feat as a "proud moment" and a "historic milestone" for the nation....

SEBI cracks down on firms diverting funds for personal use

Mumbai: The Securities and Exchange Board of India (SEBI) has cracked down on multiple companies for misappropriation of funds raised through rights issues in the stock markets, after receiving complaints...

Microfinance revival on horizon in India, banks to lead the charge: HSBC report

Mumbai: The outlook for microfinance institutions (MFIs) in India is improving after months of stress caused by overleveraging of borrowers, a new report said on Wednesday. According to the report...

Services trade surplus, robust forex to keep India’s current account in safe zone: Crisil

New Delhi: The surplus in services trade and robust flow of remittances in India provide a cushion and should keep the current account in the safe zone, a new Crisil...

Sensex jumps 1,131 points, Nifty closes above 22,800 as markets rally

Mumbai: Indian stock markets ended on a strong note on Tuesday, with both the Sensex and Nifty posting significant gains. The Sensex surged 1,131.31 points, or 1.53 per cent, to...

LG Electronics India gets SEBI nod for IPO, to raise funds via offer for sale

New Delhi: LG Electronics India Limited on Tuesday announced that it has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO)...

LIC plans to acquire stake in a health insurance firm by March 31: CEO Mohanty

New Delhi: Life Insurance Corporation of India (LIC) is planning to acquire a stake in a standalone health insurance company by the end of the current financial year (FY25), its...

India’s trade deficit dips to 3-year low of $14.05 billion in February

New Delhi: India's merchandise trade deficit narrowed to an over 3-year low at $14.05 billion in February from $22.99 billion in January as exports held steady during the month while...

Impact of US tariffs on India minimal as country diversifies exports kitty: SBI report

New Delhi: The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports kitty, pitched value addition, exploring alternate areas and works...

Maruti Suzuki India announces up to 4 pc price hike from April

New Delhi: Leading automaker Maruti Suzuki India Ltd on Monday announced its third price hike this year — up to 4 per cent which is effective from April — to...

India to become world’s 3rd-largest economy by 2028, overtaking Germany: Morgan Stanley

New Delhi: India is set to become the world’s third-largest economy by 2028, overtaking Germany, according to a report by global financial services firm Morgan Stanley. This extraordinary ascent is...

Read Previous

Census 2021, NPR exercise postponed

Read Next

Facebook’s ad business weakens in nations hit by COVID-19

WP2Social Auto Publish Powered By : XYZScripts.com