walmart
Retail
Deal was among the best decisions, says Walmart CEO to Flipkart staff
Within hours of adding Flipkart to its shopping cart at a US $16 billion price tag, Walmart CEO Doug McMillon told the e-retailer's employees that the deal was among the best decisions and emphasised that India was the best...
Retail
Walmart to open 50 new stores in India in 4-5 yrs
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...
Retail
Amazing Journey of Flipkart’s Sachin Bansal, Binny Bansal
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-Walmart deal: ‘US retailer making back-door entry’ – RSS affiliate seeks PM Narendra Modi’s intervention
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...
Retail
eBay to sell stake in Flipkart for about US $1.1 billion; to relaunch eBay India
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...
Retail
Walmart picks up 77 pc stake in Flipkart for US $16 billion
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...
Retail
Amazon invests Rs 2,600 crore more in India to take on Walmart
IANS -
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...
Retail
Walmart moves closer to clinching a deal with Flipkart
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...
Retail
CAIT demands scrutiny of proposed Flipkart-Walmart deal
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...
Retail
Walmart’s whopping US $12 bn acquisition of Flipkart to be announced soon
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...
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Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
Patanjali Foods will consider acquiring brands like Dant Kanti and Kesh Kanti of Patanjali AyurvedNew Delhi: Patanjali Foods Ltd,...
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