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E-commerce major Flipkart co-founder Binny Bansal resigns from board

E-commerce major Flipkart co-founder Binny Bansal resigns from board

Sun, Jan 28, 2024

"I am proud of the Flipkart Group's achievements over the past 16 years. Flipkart is in a robust position, with a strong leadership team and a clear path forward, and with this confidence, I have decided to step aside, knowing the company is in capable hands. I wish the team the best as they continue to transform experiences for customers, and I remain a strong supporter of the business," Bansal said.

Flipkart leads e-commerce market with 48% share, Meesho fastest growing platform: Bernstein

Flipkart leads e-commerce market with 48% share, Meesho fastest growing platform: Bernstein

Fri, Jan 26, 2024

According to the report, Flipkart's user base grew 21 per cent year-on-year (YoY), Meesho accelerated at 32 per cent while Amazon lagged at 13 per cent user growth primarily due to relative premium offerings as compared to peers.

Nothing Phone (2) price drop alert! Check offers and discounts

Nothing Phone (2) price drop alert! Check offers and discounts

Sat, Jan 13, 2024

Flipkart Republic Day Sale 2024: Packed with the Snapdragon 8+ Gen 1 Mobile Platform and 4700 mAh battery, Nothing Phone (2) delivers a fast performance.

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Amazon Great Indian Festival vs Flipkart Big Billion Day Sale: How to make the most of cool deals

Amazon Great Indian Festival vs Flipkart Big Billion Day Sale: How to make the most of cool deals

Sat, Sep 29, 2018

Flipkart Big Billion Day Sale vs Amazon Great Indian Festival: The e-commerce giants are all set to fight it out in pre-Diwali sale.

Flipkart, Amazon, other e-commerce companies must do this now: CBIC order details here

Flipkart, Amazon, other e-commerce companies must do this now: CBIC order details here

Sat, Sep 29, 2018

E-commerce operators will have to register themselves in every state where their suppliers are located for collection of TCS and foreign companies can appoint an 'agent' on their behalf for securing such registration.

Amazon sale set to take on Flipkart's Big Billion Days; bets on small cities, big brands for festive success

Amazon sale set to take on Flipkart's Big Billion Days; bets on small cities, big brands for festive success

Thu, Sep 27, 2018

Competing head-on with rival Flipkart, Amazon India has announced that it will commence its festive sale from October 10-15, lining up new launches across various categories. Rival, Walmart-backed Flipkart will host its 'The Big Billion Days' (TBBD) festive sale from October 10-14. It too is expected to dish out massive discount offers.

Flipkart Big Billion Days sale Oct 10-14: Rs 60,000 credit line open, all details here

Flipkart Big Billion Days sale Oct 10-14: Rs 60,000 credit line open, all details here

Tue, Sep 25, 2018

Flipkart is back with its Big Billion Days sale, starting from October 10 and the sale will go on till October 14.

This Flipkart honcho set to be replaced? Walmart cracks the whip

This Flipkart honcho set to be replaced? Walmart cracks the whip

Mon, Sep 24, 2018

Walmart Inc's newly acquired Indian retailer Flipkart is likely to appoint a new chief executive officer (CEO) at the group level, replacing Binny Bansal. One of the most prominent names that may replace Bansal is Flipkart Chief Executive Officer Kalyan Krishnamurthy, reported Mint.

Ahead of festive season, Walmart starts purchasing Flipkart shares from current, former staff; all details here

Ahead of festive season, Walmart starts purchasing Flipkart shares from current, former staff; all details here

Thu, Sep 20, 2018

It has been revealed that Walmart has set September 28 as its deadline for completing the buyback process.

Flipkart offer: Get Rs 60,000 cardless credit line instantly; step by step guide

Flipkart offer: Get Rs 60,000 cardless credit line instantly; step by step guide

Thu, Sep 20, 2018

Flipkart Offer: The e-commerce firm said the move will enable millions of creditworthy yet underserved customers who the traditional banks are not able to serve/underwrite credit for.

Do you want to buy Poco F1? Sale begins today; check out best deals

Do you want to buy Poco F1? Sale begins today; check out best deals

Wed, Sep 19, 2018

Poco F1’s base variant comes with 6GB RAM and 64GB, while the mid-variant with 6GB RAM and 128GB storage and top end model with 8GB RAM and 256GB storage.

Flipkart eyes stake in Star's Hotstar: Report

Flipkart eyes stake in Star's Hotstar: Report

Mon, Sep 17, 2018

Flipkart has already tied up with Hotstar to launch a video advertisement platform in July.

Ganesh Chaturthi 2018: Get Asus Zenfone 5Z, Max Pro M1 at cheaper rate on Flipkart; Grab best deals

Ganesh Chaturthi 2018: Get Asus Zenfone 5Z, Max Pro M1 at cheaper rate on Flipkart; Grab best deals

Thu, Sep 13, 2018

Asus Zenfone Max Pro M1 comes in three variant with 3GB+32GB storage priced at Rs 10,999, while 4GB+64GB option retails for Rs 12,999 and 6GB+64GB variant at Rs 14,999.

E-commerce cos could get 20 mn shoppers, USD 3 bn sales during festive sale: RedSeer

E-commerce cos could get 20 mn shoppers, USD 3 bn sales during festive sale: RedSeer

Sun, Sep 09, 2018

According to RedSeer, the daily gross merchandise value (GMV) during the five-day sale period is expected to be around USD 527 million. GMV refers to the total sales value of merchandise sold through the platform over a certain period of time.

'Flipkart acquisition may impact Walmart net income this Fiscal'

'Flipkart acquisition may impact Walmart net income this Fiscal'

Sun, Sep 09, 2018

Beginning in the third quarter of fiscal 2018, Walmart will consolidate the financial statements of Flipkart using a one-month lag, it added.

Tencent has 1st right to buy in future Flipkart share sale

Tencent has 1st right to buy in future Flipkart share sale

Sat, Sep 08, 2018

"No change of control sale or drag-along sale to Alibaba shall be effected (each an Alibaba Transfer), unless Tencent shall have been given written notice of at least five business days prior to the consumption of such transaction...," said the agreement between Wal-Mart International Holding Inc and Flipkart.

Walmart-Flipkart deal: Income Tax department to wait till September 7 for tax from Walmart

Walmart-Flipkart deal: Income Tax department to wait till September 7 for tax from Walmart

Mon, Sep 03, 2018

The Walmart has not yet approached the tax department to ascertain the withholding tax liability, although some shareholders of Flipkart who are exiting the e-commerce company have sought guidance on their tax liability, the officials said.

IT dept to wait till Sep 7 for Walmart to pay tax on Flipkart deal

IT dept to wait till Sep 7 for Walmart to pay tax on Flipkart deal

Sun, Sep 02, 2018

The Walmart has not yet approached the tax department to ascertain the withholding tax liability, although some shareholders of Flipkart who are exiting the e-commerce company have sought guidance on their tax liability, the officials said.

This may end your discounts as bad days coming for Amazon, Flipkart

This may end your discounts as bad days coming for Amazon, Flipkart

Thu, Aug 30, 2018

The new draft e-commerce policy, which is yet to be opened for public discussion, has raised key issues such as disallowing foreign players to sell directly in India, additional voting rights for promoters of Indian businesses and data security/ localisation.

Warren Buffett's Berkshire Hathaway in talks to invest up to $350 mn in Paytm

Warren Buffett's Berkshire Hathaway in talks to invest up to $350 mn in Paytm

Tue, Aug 28, 2018

One of the persons said the deal would see Nebraska-based Berkshire Hathaway pick up 3-4 per cent share in One97 Communications, the parent firm of Paytm.

Flipkart will continue to flip e-commerce cart: CEO

Flipkart will continue to flip e-commerce cart: CEO

Fri, Aug 24, 2018

Disruption in e-commerce category has been because of Flipkart for the last 10 years and it would continue so for another decade, Chief Executive Officer of Flipkart Kalyan Krishnamurthy said today.

Flipkart unveils Indian version of eBay for refurbished goods

Flipkart unveils Indian version of eBay for refurbished goods

Thu, Aug 23, 2018

Retail giant Walmart-owned leading e-tailer Flipkart on Wednesday unveiled a dedicated portal `2Gud` for refurbished goods, including mobile phones, laptops and tablets, a week after shutting its eBay India operations.

Now, buy refurbished goods on 2GUD, Flipkart's new e-commerce platform

Now, buy refurbished goods on 2GUD, Flipkart's new e-commerce platform

Wed, Aug 22, 2018

2GUD, an independent marketplace, will feature refurbished smartphones, laptops and accessories initially, extending to several other categories including appliances

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