E-comm can boost consumption, expect strong demand from small towns: Flipkart

Walmart-owned Flipkart on Monday said it does not see its sellers or consumers tightening their purse strings during the festive season ahead and expressed confidence in clocking strong sales this year with demand being driven by Tier II and III markets.

Speaking to PTI, Flipkart Group CEO Kalyan Krishnamurthy said this year’s edition of The Big Billion Days (TBBD), which will be held from September 29 to October 4, will see the company taking its “expansive selection to about 19,000 pin codes in the country”.

ICICI Bank is adding 450 branches to take its network to 5,300 by March 2020 and will be hiring around 3,500 personnel for the same, Bagchi told PTI.