According to sources, the bid by Irving Place Capital to buy the retailer for up to $1.40 per share was far too low.
Retail analysts say the last Saturday before Christmas could trump "Black Friday" as the biggest retail-generating day of 2014.
Flipkart said it had raised $700 million, as it tries to compete with Amazon, which is rapidly scaling up operations in the country.
Black Friday deals pushed November car sales in the U.S. to highest level in more than a decade.
People are back to work but still shopping on their phones.
An early survey found Thanksgiving weekend sales fell 11 percent from last year, but experts say they're upbeat about holiday spending overall.
"Shoppers ... have made it clear they no longer only value deep discounts on Thanksgiving and Black Friday," analyst says.
More consumers are turning online for their early Black Friday sales and deals.
“Consumers today want more than just the discounts they've been showered with since the start of the recession."
Use this list of tips and tricks to help plan your 2014 Black Friday shopping excursions.
As more retailers open their doors on Thanksgiving, workers have mixed feelings.
From scents to touching to music, retailers have tried-and-true ways to persuade you to buy.
Apple and app developers have partnered to raise awareness for World AIDS Day, Dec. 1.
Black Friday officially kicks off the holiday shopping season next week and economists predict a boost in spending due to a drop in gas prices.
They say if it's too good to be true, it probably is. Walmart recently got duped into selling PlayStation consoles for less than $100.
The world's largest home improvement store chain is benefiting from an improving job and home market while other retailers struggle.
September retail sales fell 0.3 percent.
The hack, which reportedly compromised data of more than 800,000 employees, is thought to have been carried out by Chinese government hackers.
Mid-tier department store Macy's is shifting upscale to boost profits as discounters struggle to lift earnings.
As competition heats up in India's online shopping scene, Flipkart's reportedly considering potential investors for a massive fund infusion.
Retail chief Angela Ahrendts indicates a later release in 2015 than had been expected.
The retailer is considering whether to expand its price-matching to goods offered by online competitors.