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Flipkart's Big Billion Days event lifts Walmart's International Q3 sales number

Flipkart's Big Billion Days event lifts Walmart's International Q3 sales number

Tue, Nov 19, 2024

US-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.

PhonePe, Liquid Group partner to expand UPI QR payment service in Singapore

PhonePe, Liquid Group partner to expand UPI QR payment service in Singapore

Wed, Sep 11, 2024

The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base.

Wipro top-level exits continue as CTO Subha Tatavarti steps down

Wipro top-level exits continue as CTO Subha Tatavarti steps down

Tue, Aug 13, 2024

Before joining Wipro, she led different roles at Walmart and PayPal, among others. She was recognised in "Top 100 Executive Women in Tech to Watch" earlier this year by the WomenTech Network.

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Awesome Flipkart-Walmart deal may get big slap in face in India

Awesome Flipkart-Walmart deal may get big slap in face in India

Thu, May 10, 2018

As per the proposed deal, Walmart is expected to acquire shares of the Singapore-registered Flipkart. In the normal case, capital gains will not arise. But India had introduced an amendment to nullify the Vodafone Judgment by taxing indirect transfers. On account of indirect transfer, this transaction could get taxed, because of the change in shareholding at the Singapore entity.

Flipkart-Walmart deal done; now, this big problem raises its head

Flipkart-Walmart deal done; now, this big problem raises its head

Thu, May 10, 2018

"I believe it (the deal) will create a rumble in the industry. Whenever there is an M&A, a little bit of shiver is felt, but that does not shake up sturdy businesses. I am a very strong believer of the fact that the Indian market is so large that nobody can say it will saturate," Anil Talreja said.

Walmart buys Flipkart: Great discounts coming for buyers soon

Walmart buys Flipkart: Great discounts coming for buyers soon

Thu, May 10, 2018

Flipkart-Walmart deal: US firm's $16 billion majority stake acquisition in Flipkart is set to make shopping much more rewarding for the Indian online consumers. With Jeff Bezos promoted Amazon India challenging Flipkart’s leadership position, the latter is left with no option but to do everything under the sun and maintain/ grow its market share in the $17.8 billion Indian e-commerce industry.

This is what Flipkart, Walmart got from $16 bn, world's biggest e-commerce deal

This is what Flipkart, Walmart got from $16 bn, world's biggest e-commerce deal

Thu, May 10, 2018

Walmart’s “operational challenges” on the e-commerce front came to the fore when its fulfillment centres couldn’t handle the huge inflows of electronics, toys and some seasonal items during the holiday season leading to unfulfilled sales. Walmart has been investing heavily in e-commerce, buying portals like Jet.com and online clothing retailers Bonobos and Modcloth much like Flipkart acquired Jabong and Myntra.

Sachin Bansal, Binny Bansal success story; this is how it began

Sachin Bansal, Binny Bansal success story; this is how it began

Thu, May 10, 2018

With Walmart acquiring Flipkart, the latter is now valued at over $20 billion and the two founders are multi-billionaires. When they started out, their parents gave them Rs 10,000 a month as allowance for almost 18 months. They had invested Rs 2 lakh each from their savings. It was in their two-bedroom flat in, Bengaluru that the duo, who share a common interest in computer science, built the first version of the site, with just two computers. People who know them say they have different temperaments.

This is what world's biggest e-commerce deal is all about

This is what world's biggest e-commerce deal is all about

Thu, May 10, 2018

In the biggest deal in e-commerce space globally, retail giant Walmart picked up 77 per cent stake in Flipkart on Wednesday. Walmart is paying $16 million in a combination of secondary ($14 billion) and primary ($2 billion) transactions. The deal is yet to get regulatory approvals in India.

RSS wing: Walmart making back-door entry into India with Flipkart deal; calls on PM Modi to intervene

RSS wing: Walmart making back-door entry into India with Flipkart deal; calls on PM Modi to intervene

Thu, May 10, 2018

The Swadeshi Jagran Manch, which is the economic wing of the Sangh, claimed that Walmart is using e-commerce route to circumvent existing rules which bar foreign companies in multi-brand retail and dubbed its acquisition of Flipkart a "back-door entry" into Indian market.

Sachin Bansal, Binny Bansal turn India's newest billionaires, but there is a big disappointment in store

Sachin Bansal, Binny Bansal turn India's newest billionaires, but there is a big disappointment in store

Thu, May 10, 2018

Both Sachin Bansal and Binny Bansal owned about 5 per cent of the company they co-founded. But post-sale Sachin Bansal will cut all links to the company, while Binny Bansal will not only be retained, he will also keep a part of his shareholding.

Walmart will bag these investors shares in Flipkart; set to hold 77% stake in e-commerce giant

Walmart will bag these investors shares in Flipkart; set to hold 77% stake in e-commerce giant

Wed, May 09, 2018

After Flipkart deal, Walmart, which failed to make an entry in India in offline retail space with any kind of success, can now sell its products online to 1.3 billion population of the country.

Post Flipkart transaction, here is how Walmart may suffer; all details here

Post Flipkart transaction, here is how Walmart may suffer; all details here

Wed, May 09, 2018

For Amazon things are going to change now for the worse. It was facing stiff competition from Flipkart as it is and now, the Indian e-retailer will be backed by US retail giant Walmart.

World’s largest e-commerce deal! Walmart buys Flipkart, here's what US retailer's vision in India is

World’s largest e-commerce deal! Walmart buys Flipkart, here's what US retailer's vision in India is

Wed, May 09, 2018

Walmart has acquired 77% stake in Bengaluru-based online shopping portal Flipkart for a valuation of around $21 billion.

Walmart buys Flipkart for $16 billion; This is what structure of deal looks like

Walmart buys Flipkart for $16 billion; This is what structure of deal looks like

Wed, May 09, 2018

Walmart-Flipkart deal becomes world’s largest e-commerce deal, and also biggest FDI deal in India.

Flipkart sale: From rivalry with Amazon to why deal matters to Walmart, a few facts on takeover

Flipkart sale: From rivalry with Amazon to why deal matters to Walmart, a few facts on takeover

Wed, May 09, 2018

Walmart is all set to clinch a mammoth deal to buy a majority stake in Indian e-retailer Flipkart for anything between $10 bn to $15 bn.

In biggest ecommerce deal in the world, Walmart buys Flipkart for $16 bn

In biggest ecommerce deal in the world, Walmart buys Flipkart for $16 bn

Wed, May 09, 2018

Walmart, which failed to make an entry in India in offline retail space, can now sell its products online to 1.3 billion population of the country.

Walmart and Flipkart deal: Softbank CEO confirms the mega buyout

Walmart and Flipkart deal: Softbank CEO confirms the mega buyout

Wed, May 09, 2018

Earlier media reports said that Amazon.com Inc, Flipkart`s biggest rival in India, had made a formal offer to buy 60 percent of Flipkart, besides proposing a $2 billion breakup fee to convince the Indian e-commerce firm to discuss its offer. Sources told Reuters that Amazon had shown an interest in buying Flipkart, but said a deal with Walmart was much more likely to go through.

Walmart's online grocery delivery partnerships with Uber, Lyft fail to take off

Walmart's online grocery delivery partnerships with Uber, Lyft fail to take off

Tue, May 08, 2018

he end of the Walmart partnerships, which has not been previously reported and was confirmed by Walmart and Uber, undercuts a vision the ride-hailing companies laid out: a service that can efficiently deliver anything on-demand, including people and cargo, at the touch of a smartphone app. "It is incredibly hard to deliver people and packages together," said a source with a delivery company that works with Walmart and has direct knowledge of the matter. "They are two completely different business models."

Flipkart-Walmart deal: From price to Sachin and Binny Bansal, 10 key points to know

Flipkart-Walmart deal: From price to Sachin and Binny Bansal, 10 key points to know

Tue, May 08, 2018

US retail giant Walmart is set to buy a 70% stake in Indian e-commerce company Flipkart for about $15 billion. The deal likely to be announced on Wednesday.

Flipkart deal done? Walmart may make announcement in just days

Flipkart deal done? Walmart may make announcement in just days

Tue, May 08, 2018

Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant`s biggest acquisition of a business.

CAIT demands scrutiny of proposed Flipkart-Walmart deal

CAIT demands scrutiny of proposed Flipkart-Walmart deal

Sun, May 06, 2018

Flipkart-Walmart deal: It is really unfortunate that in spite of having a clear FDI policy, foreign companies are finding an escape route, whether it is in retail or e-commerce, Confederation of All India Traders (CAIT) said in a statement

Flipkart clears 75% stake sale to Walmart in deal valued at $15 bn, snubs Amazon offer

Flipkart clears 75% stake sale to Walmart in deal valued at $15 bn, snubs Amazon offer

Fri, May 04, 2018

Flipkart, India's largest internet company today approved a deal to sell its equity stake of about 75 per cent in the company to a group led by Walmart. The deal will be worth about $15 billion, reported Bloomberg, quoting sources.

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