Sachin Bansal

Retail

Tiger Fund increases equity stake in Flipkart

IANS -
The US-based hedge fund, Tiger Fund, increased its equity holding in India's leading etailer Flipkart by buying 54,596 shares of its co-founder Binny Bansal for an estimated US $14.5 million (Rs 104 crore), business intelligence platform Paper.vc said on...
Retail

How retail’s new-age baniyas are becoming digital disruptors, courtesy millennials

IANS -
Born with business in their DNA, baniyas have written several success stories when it comes to traditional, brick-and-mortar industry. With the spurt in digital economy, the clan - be it a Bansal, a Goyal, a Gupta or an Agarwal...
Retail

Flipkart-Walmart deal: Tax department plans this to ascertain tax liability

Indiaretailing Bureau -
The tax department will seek share purchase agreement from Flipkart on the mega US $16 billion buyout by US retail giant Walmart to assess the tax liability and also to find out whether the GAAR provisions can be invoked,...
Retail

Sachin Bansal posts emotional farewell message on Facebook, wants to get back to basics

Indiaretailing Bureau -
Flipkart co-founder Sachin Bansal, who is exiting the Bengaluru-based company post the Walmart deal, plans to catch up on gaming and brush up his coding skills as he takes time off to finish few pending personal projects. According to a...
Retail

Really sad to see Sachin leave Flipkart, says co-founder Binny Bansal

Indiaretailing Bureau -
They were considered the Jai-Veeru of Indian startup panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other. According to a PTI report: Sachin Bansal's decision...
Retail

Amazing Journey of Flipkart’s Sachin Bansal, Binny Bansal

Indiaretailing Bureau -
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...
Retail

‘Flipkart founders may be liable for 20 pc capital gains tax after stake sale to Walmart’

Indiaretailing Bureau -
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...
Retail

Walmart’s whopping US $12 bn acquisition of Flipkart to be announced soon

Indiaretailing Bureau -
US retail giant Walmart’s US $12 billion acquisition of India’s biggest e-commerce firm Flipkart is in the final stages and a deal is likely to be announced in the next few days, according to sources close to PTI. According to...
Retail

Flipkart turns into private firm for buyout by Walmart

IANS -
India's e-tailer major Flipkart has turned into a private company from a holding firm, ostensibly for a strategic buyout soon by the world's largest retail giant Walmart Inc, according to documents it filed for regulatory approvals. "Documents filed by Flipkart...
Retail

Myntra launches MPulse, an employee-customer connect initiative

Indiaretailing Bureau -
Myntra, India’s largest destination for fashion online, has launched the second edition of MPulse, a unique and beneficial customer engagement activity. The current edition of the program has been set up in the form of a carnival at Myntra’s...
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Beauty & WellnessAnagha R Ratna -

Marie Claire Salon opens new outlet in Bengaluru

The store is situated at Mantri Square Mall, Malleshwaram, Bengaluru Bengaluru: French salon chain Marie Claire Salon has launched its new...
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