Flipkart
Walmart-Flipkart deal: RBI, ED to look into alleged FDI rule violation
02 Jun 2018
The commerce ministry has asked the Reserve Bank of India and the Enforcement Directorate to look into the alleged violation of FDI rules in the $16-billion Walmart-Flipkart deal
Walmart will kill India’s domestic retail trade, warns CAIT
26 May 2018
Comparing Walmart to The East India Company, the Confederation of All India Traders says Walmart will penetrate retail trade through e-commerce, and indulge in predatory pricing and deep discounting, creating an uneven playing field for others
SoftBank still undecided on sale of Flipkart stake to Walmart
11 May 2018
Despite earlier statements treating the Flipkart-Walmart deal as final, SoftBank’s Masayoshi Son is now reported to be having second thoughts on selling his company's stake in the ecommerce firm
For $16 bn Walmart bags Flipkart
10 May 2018
The acquisition of the majority stake makes the $500-billion Walmart the largest shareholder of the Flipkart group and help it emerge the undisputed leader in ecommerce
Walmart to announce Flipkart deal this week, to acquire 70-75% stake with Google
08 May 2018
Retail major Walmart along with Google's parent Alphabet are expected to announce their acquisition of Flipkart,, India's largest e-commerce business, before the end of this week
Flipkart turns itself into a private firm ahead of Walmart deal
07 May 2018
With a second buyback of shares from investors worth $350.46 million, Indian online retail major Flipkart has turned from a holding company into a private firm in Singapore where it is registered
Sachin Bansal likely to quit Flipkart if Walmart stake sale goes through
04 May 2018
While Binny Bansal is likely to sell about a tenth of his shares in Flipkart, it is not clear how much Sachin Bansal, who holds about 5.5 per cent stake in Flipkart, will sell
Walmart may get 3-4 seats on Flipkart board after stake purchase
30 Apr 2018
US retail giant Walmart, which is in negotiations for a large stake in Flipkart, may be given three or four seats on the ten-member board of the online retailer, which will continue to be run as an independent company if the deal goes through
ITAT backs Flipkart, says discounts are deductible expense
26 Apr 2018
In a ruling that has wide ramifications especially for ecommerce, the Income Tax Appellate Tribunal has rejected the revenue department’s stand that discounts given by Flipkart should be reclassified as capital expenditure and taxed as such
Walmart, eBay to hold talks over Flipkart; SoftBank holding out
18 Apr 2018
Walmart might have to negotiate with eBay, which holds a 5 per cent stake in Flipkart, to thrash out merchandising issues. Meanwhile SoftBank, which owns 20 per cent of Flipkart, is said to be holding out for a better price
Walmart-Flipkart deal almost through
12 Apr 2018
Walmart completed its due diligence on Flipkart and has proposed acquiring 51 per cent of the stocks for between $10 billion and $12 billion
Walmart finishes due diligence on Flipkart, may pay $10-12 bn for stake
07 Apr 2018
US retail giant Walmart has completed due diligence as it looks to take a stake of 51 per cent or more in the Indian company. Amazon too is reportedly weighing a rival offer, but Walmart appears a more likely suitor
Amazon may make rival bid to buy Flipkart: report
04 Apr 2018
Online retail giant Amazon may submit an offer to buy Indian e-commerce firm Flipkart, which is currently in talks with Walmart Inc for a stake sale
Walmart eyes over 40% stake in Flipkart: report
16 Feb 2018
With over 40-per cent stake in Flipkart, the Bentonville, Arkansas headquartered Walmart and nearly 6,363 stores across the globe could emerge as a fierce competitor to Amazon in India
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
.jpg "India, Nigeria agree on local currency settlement system")
