According to reports, Flipkart has acquired LetsBuy.com, which is its biggest competitor. The reported acquisition price is in the range of $20 to $25 million.

Amazon is entering the Indian e-commerce segment with the launch of Junglee.com – a price comparison portal.

After BlackBerry and Samsung reduced the price of their respective tablet devices, Motorola went ahead and reduced the price of the 32GB Motorola Xoom Wi-Fi + 3G from Rs.39,990 to just Rs.22,500.

RIM recently reduced the price of its not-so-popular BlackBerry PlayBook tablet, by almost half in India. The 16 GB, 32 GB and 64 GB version comes with a price tag of Rs.13,490, Rs.15,990 and Rs.24,490 respectively.

LG Optimus 3D is the company’s first 3D smartphone. This handset was launched in India for Rs.37,000. Now, you can get this handset for just Rs.30,200.

Sony Ericsson Live with Walkman is a mid-range music smartphone. This handset is currently up for pre-order at Flipkart for just Rs.14,550 (approx. $280).

Samsung Omnia W is the company’s first device, which runs on the latest Windows Phone 7.5 Mango Operating System. This handset is currently up for pre-order at Flipkart for Rs.20,900 (approx. $400).

Nokia 500 is the first Symbian Anna powered smartphone, which runs on the powerful 1GHz processor. This handset is already available in India for Rs.10,200.

The Spice Mi-720 Android powered tablet is available in India for Rs.11,990. It comes with a 7 inch touchscreen display, 800 MHz Qualcomm Snapdragon processor, 2 megapixel rear camera and much more.

The ‘White Edition’ of the LG Optimus Black smartphone is currently available in India. It comes with a price-tag of Rs.19,599.

Motorola Fire is already available in India for just Rs.8,999. It comes with a 2.8 inch touchscreen display, full QWERTY keyboard, 3 megapixel camera, Wi-Fi, 3G Connectivity, etc.

The folks living in India can finally get the Sony Ericsson Xperia Mini Pro, since the device is already available for purchase at major retailers in India. This handset comes with a price-tag of Rs.15,399.

Amazon is apparently planning to launch its services in India in 2012. According to a report, Amazon is in talks with several e-commerce startups in India and is setting up a base for its operations.

Sony Ericsson Xperia Mini Pro is currently up for pre-order at Flipkart. This handset comes with a 3 inch touchscreen display, 1 GHz processor, slide-out QWERTY keyboard, 5 megapixel camera and more.

Amazon is currently on a hiring spree in India, which suggests that Amazon India might not be far off.