Flipkart

A day after announcing US $16 billion investment in India's largest online retailer Flipkart, Walmart Inc said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years."We currently have 21 stores...

When IIT Delhi engineers Sachin Bansal and Binny Bansal started Flipkart in 2007 with Rs 4 lakh, going door-to-door to deliver books, they had no intention to sell their company irrespective of the valuation.According to a PTI report: Sachin...

RSS affiliate Swadeshi Jagran Manch has alleged that US retail giant Walmart was 'circumventing' rules for a 'back-door entry' into India with its US $16 billion majority stake acquisition of Flipkart and sought Prime Minister Narendra Modi’s intervention to...

US-based eBay today said it plans to sell its stake in Flipkart for about US $1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity.The statement by eBay came after Walmart Inc announced that it...

Walmart has picked up 77 percent stake in Bengaluru-based e-commerce major for a whopping US $16 billion.“Walmart will pay approximately US $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. The remainder...

Although the details and metrics of the Walmart-Flipkart deal is yet to be made public but as a first reaction, the Confederation of All India Traders (CAIT) said that it is certain that the Walmart-Flipkart deal is nothing but...

Flipkart founders Sachin and Binny Bansal may have to pay 20 percent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts.According to a...

World's largest e-commerce player Amazon has invested an additional Rs 2,600 crore in its India operations ahead of the US retail giant Walmart taking over the country's e-tail major Flipkart."The Amazon board has accorded consent to allot 260 crore...

The world's largest retailer Walmart Inc is close to clinching a deal to buy a majority stake in Flipkart for roughly US $15 billion, according to sources close to PTI.According to a PTI report: The deal, which will see...

Traders' body CAIT has demanded scrutiny of the proposed US $12-billion Flipkart-Walmart deal, claiming that it will promote loss funding and predatory pricing in e-commerce sector.It is really unfortunate that in spite of having a clear FDI policy, foreign...