Flipkart

E-commerce major Flipkart has seen its losses narrow to Rs 1,638.6 crore in 2016-17, as per a regulatory documents.According to a PTI report: It had a net loss of Rs 2,306.5 crore in the previous financial year, 2015-16.The company...

E-commerce giant Amazon is aggressively ramping up selection for grocery on its platform and focussing on speedier delivery as it looks to consolidate its position in the segment against rivals like bigbasket and Grofers. The competition in the segment...

The Confederation of All India Traders (CAIT) on Monday said that it has approached the Competition Commission of India (CCI) against the Walmart-Flipkart deal.The confederation's petition to the CCI objected to the deal and said that Walmart "will create...

Continuing its protest against the US $16-billion Flipkart-Walmart deal, the Confederation of All India Traders (CAIT) wrote to commerce minister Suresh Prabhu expressing concerns that Walmart might adopt predatory pricing and deep discounting, which will kill the trade.In its...

Top executives of Walmart India and Flipkart met fair trade regulator CCI on Wednesday to explain their activities in the country, days after submitting an application seeking approval for their US $16-billion mega-merger dealAccording to a PTI report: While...

Japan’s SoftBank has decided to sell its over 20 percent stake in e-commerce major Flipkart to US retailer Walmart for an estimated US $4 billion.“SoftBank confirms the sale of its entire stake in Flipkart to Walmart,” a SoftBank spokesperson...

Retailers have joined hands to approach fair trade regulator CCI against US $16 billion Walmart-Flipkart deal as they apprehend that the it would lead to massive job loss and be a 'nightmare for retail trade of the country.According to...

Flipkart expects its private label 'Perfect Homes' to account for almost half its revenues in the furniture category by next March as it expands the product range as also the number of partners under the brand.According to a PTI...

Global retail giant Walmart has approached fair trade regulator CCI for approval of its proposed acquisition of a majority stake in e-commerce major Flipkart, saying the deal doesn't raise any competition concerns.According to a PTI report: Stating that the...

World's largest retailer Walmart said its US $16 billion investment in Flipkart may negatively impact its earnings per share (EPS) by US $0.25-0.30 in fiscal year 2019, even though it remains excited about what the future holds in the...