walmart

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,...

World’s largest retailer Walmart Inc has tried to assuage concerns around its US $16 billion takeover of Flipkart, saying the deal is good for the country as it will help create millions of jobs over time and help the...

The Confederation of All India Traders (CAIT) on Thursday said that it might approach the Competition Commission of India (CCI) to seek "a ban" on the Walmart-Flipkart deal after studying the metrics of the agreement.CAIT Secretary General Praveen Khandelwal...

Flipkart's Chief Executive Officer Kalyan Krishnamurthy has reached out to sellers on its platform and sought to reassure that there will be no changes in the operating processes of the Bengaluru-based firm as a result of the US $16-billion...

The following are the highlights of the Indian e-commerce giant Flipkart, in which US-based Walmart has bought 77 percent stake for US $16 billion:- Sachin Bansal and Binny Bansal (not related) set up Flipkart in 2007 in Bengaluru. The...

Japan’s SoftBank Group Corp has not yet decided to sell its 20-22 percent stake in Flipkart to US retailer Walmart Inc, sources with direct knowledge of the development told PTI.According to a PTI report: SoftBank’s Masayoshi Son will take...

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...

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...