Flipkart
Walmart reduces import dependence on China and shifts focus to India
30 Nov 2023
Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.
Flipkart acquires 7.8% stake in Aditya Birla Fashion for Rs1,500 cr
26 Oct 2020
With a network of 3,004 stores, presence across approximately 23,700 multi-brand outlets with 6,700+ point of sales in department stores across India, Aditya Birla Fashion and Retail Limited is India’s largest pure-play fashion and lifestyle company
Flipkart to offer 90-minute deliveries in India
29 Jul 2020
CCI probes alleged anti-trust practices by Amazon, Flipkart
14 Jan 2020
The anti-trust regulator has ordered a probe into allegations of exclusive sales, deep discounts and preferential treatment to certain sellers by the two e-commerce firms
Govt seeks details of top 5 sellers on Amazon, Flipkart
21 Oct 2019
Traders body CAIT alleges an unholy nexus among e-commerce firms like Amazon and Flipkart, brands, particularly in mobile, FMCG, electronics, electrical appliances, footwear, garments and various banks that tend to distort prices of different products on online portals
Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million
24 Jun 2019
Binny Bansal, who had earlier also sold a small portion of his residual stake in Flipkart, owned 3.52 per cent stake in Flipkart before the latest sale of 5,39,912 shares to Walmart
Flipkart launches online grocery store ‘Supermart’ In Mumbai
09 May 2019
Flipkart Supermart promises free delivery on orders above Rs600, the best prices on top brands, and an easy returns policy on delivery itself
New FDI rules could force Walmart to exit Flipkart: Morgan Stanley
05 Feb 2019
Effective 1 February, e-commerce platforms cannot sell their own products or brands that are directly or indirectly owned by them or make more than 25 per cent of their sales from private labels
Flipkart parent gets a Rs2,190-cr equity boost from Walmart
12 Dec 2018
The fresh infusion of funds by Walmart comes amidst reports that Flipkart may invest in or partner with offline retailers in groceries and furniture to take on arch rival Amazon in India
Flipkart is now 81.3% Walmart
21 Nov 2018
The move, amidst a controversial exit of co-founder Binny Bansal and an expected rise in annual earnings of Flipkart, leaves the remaining shareholders with a mere 18.639 per cent stake
Binny Bansal resigns as chairman and CEO of Flipkart group
14 Nov 2018
With both co-founders - Sachin Bansal and Binny Bansal - out of power, Flipkart, India’s largest and most popular e-commerce firm, will now be a Walmart show
Flipkart-Walmart deal gets regulatory approval
09 Aug 2018
While the Flipkart-Walmart alliance aims to fend off competition from e-commerce giant Amazon, the US retail giant announced plans to hire 1,000 professionals and also projected creation of 30,000 direct and indirect jobs through new cash-and-carry shops
SoftBank sees 50-fold rise in net profit at $2.8 bn on back of Flipkart deal
07 Aug 2018
SoftBank showed a gain of around $1.48 billion on its balance sheet due to an increase in the fair value of its stake in Flipkart, translating to a 60-per cent return on its investment ahead of its sale to Walmart
Traders threaten to fight Flipkart-Walmart deal in Supreme Court
03 Jul 2018
India currently allows 100-per cent foreign direct investment in e-commerce firms that operate on an online marketplace-based model and most analysts and experts expect the deal to go through
Walmart to take kirana stores into confidence ahead of Flipkart buy
06 Jun 2018
Walmart is planning to open its second fulfilment centre in India as part of its kirana store programme, called 'Mera Kirana', which tries to empower and train local kirana stores
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