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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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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.

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.

Anthem ties-up with Walmart for over-the-counter drugs

Anthem ties-up with Walmart for over-the-counter drugs

Mon, Aug 20, 2018

Anthem Inc said on Monday it has partnered with Walmart Inc to launch a program in January 2019 that will allow its Medicare Advantage plan customers to purchase over-the-counter medications from the retailer`s stores and website.

It's final! Here are Walmart-Flipkart deal details

It's final! Here are Walmart-Flipkart deal details

Sat, Aug 18, 2018

Flipkart-Walmart deal details: US retail giant Walmart has completed the deal to buy 77 per cent stake in Flipkart.

Walmart income tax liability in Flipkart deal: What MNC may do in India

Walmart income tax liability in Flipkart deal: What MNC may do in India

Fri, Aug 10, 2018

Following CCI's nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act within a fortnight.

Traders' body to launch nationwide stir against Walmart-Flipkart deal

Traders' body to launch nationwide stir against Walmart-Flipkart deal

Mon, Jul 30, 2018

Earlier this week, addressing members of CAIT here, Commerce Minister Suresh Prabhu said the ministry has asked the Enforcement Directorate (ED) to look into the complaints related to alleged violation of foreign direct investment norms by some e-commerce players.

Walmart expects 'timely approval' for Flipkart deal

Walmart expects 'timely approval' for Flipkart deal

Mon, Jul 23, 2018

Walmart expects 'timely approval' from authorities for its $16 billion deal to acquire Flipkart, a top company official said. The company is awaiting approval from fair trade regulator CCI, where its mega deal to acquire 77 per cent stake in leading e-commerce player Flipkart is pending.

What is FDI Policy of Press Note 3 for e-commerce and why it is a setback for Amazon, Flipkart, Walmart

What is FDI Policy of Press Note 3 for e-commerce and why it is a setback for Amazon, Flipkart, Walmart

Wed, Jul 11, 2018

While these three companies were busy competing against each other, they have been hit by a policy that targets their very core.

Traders protest against Walmart-Flipkart deal

Traders protest against Walmart-Flipkart deal

Tue, Jul 03, 2018

CAIT had given the call for the protest and, in a statement yesterday it said that similar protests were held in other cities too, such as Mumbai, Ahemadabad, Bhopal, Chennai, Hyderabad and Lucknow.

CAIT traders protest: Walmart shows confidence in Indian economy with Flipkart deal

CAIT traders protest: Walmart shows confidence in Indian economy with Flipkart deal

Mon, Jul 02, 2018

In May, Walmart had signed an agreement to acquire 77% of Flipkart for a behemoth $16 billion at a valuation of $20 billion which was said to be biggest deal in e-commerce world and also largest FDI deal in India.

Traders not happy with Walmart-Flipkart deal; 10 lakh to protest today

Traders not happy with Walmart-Flipkart deal; 10 lakh to protest today

Mon, Jul 02, 2018

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 people in the country.

Traders to protest against Walmart-Flipkart deal on July 2

Traders to protest against Walmart-Flipkart deal on July 2

Mon, Jun 11, 2018

Traders' body CAIT today said it will hold protests at 1,000 places across the country on July 2 against US retail giant Walmart's proposed acquisition of 77 per cent stake in home-grown retailer Flipkart in a USD 16 billion deal. The Confederation of All India Traders (CAIT) took the decision today at its two-day National Governing Council meeting at Ahmedabad.

Walmart expects to close Flipkart deal by the end of 2018

Walmart expects to close Flipkart deal by the end of 2018

Tue, Jun 05, 2018

Walmart Inc President, CEO and Director, Douglas McMillon, said they were learning about retail ecosystems and how they work around the world. "We're learning a lot from China. We'll be learning even more from India. And we basically want to be in places that have a tremendous opportunity, which is what led us to Flipkart in India," he said in response to a query.

After Flipkart buy, this is the next step for US giant retailer Walmart

After Flipkart buy, this is the next step for US giant retailer Walmart

Mon, Jun 04, 2018

Walmart India, which recently acquired Flipkart, is reportedly planing to scale up Mera Kirana programme that helps small family-owned grocery stores to modernise

Flipkart deal: Tax deptt will act once Walmart obtains regulatory nod

Flipkart deal: Tax deptt will act once Walmart obtains regulatory nod

Sun, Jun 03, 2018

E-commerce major Flipkart has shared 'some details' with the I-T authorities on its USD 16 billion deal with US-based Walmart, but the tax department will act only after regulatory approvals have been obtained, an official said

Flipkart's Binny Bansal says next two years will be learning period for him in grocery business

Flipkart's Binny Bansal says next two years will be learning period for him in grocery business

Sat, Jun 02, 2018

On being asked about what are Flipkart’s plans for the grocery business?, the Flipkart Group CEO said, "We started grocery in Bengaluru a few months back. Launching a category takes a lot of effort with building a supply chain, getting vendors on board... we started thinking about how we wanted to do grocery two years back."

Amazon targets next 100 mn Indians in online push

Amazon targets next 100 mn Indians in online push

Thu, May 31, 2018

E-commerce giant Amazon today said its efforts in the Indian market are focussed on bringing 100 million new users to shop online and helping small and medium businesses scale up and even go global.

Forget Amazon vs Flipkart, this is who will shape India's e-commerce wars

Forget Amazon vs Flipkart, this is who will shape India's e-commerce wars

Wed, May 30, 2018

With nearly 500 million Indians using the internet in 2018 and many just dipping their toes into online shopping, private labels will woo price-sensitive customers and create loyalty and higher margins, say retail analysts.

Walmart India, Flipkart top executives meet CCI; apprise of biz activities

Walmart India, Flipkart top executives meet CCI; apprise of biz activities

Wed, May 23, 2018

Top executives of Walmart India and Flipkart today met fair trade regulator CCI to explain their activities in the country, days after submitting an application seeking approval for their USD 16-billion mega merger deal.

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