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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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SoftBank confirms selling 'entire stake' in Flipkart to Walmart

SoftBank confirms selling 'entire stake' in Flipkart to Walmart

Wed, May 23, 2018

Walmart had, on May 9, announced that it will pay about USD 16 billion to buy about 77 per cent stake in Flipkart. While significant shareholders in the Bengaluru-based company like Naspers, venture fund Accel Partners and eBay had agreed to sell their shares, SoftBank had not taken a final call.

This is why some Flipkart employees set to feel the pain post Walmart deal

This is why some Flipkart employees set to feel the pain post Walmart deal

Fri, May 18, 2018

Under the provisions of Income-tax Act, 1961, Esops are taxed in the hands of the employee at two stages - when shares are allotted to the employees after they exercise the options on the completion of vesting period; and when shares so allotted are sold by them.

Walmart's first-quarter margins under pressure, e-commerce rebounds

Walmart's first-quarter margins under pressure, e-commerce rebounds

Fri, May 18, 2018

Walmart Inc on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected.

Walmart-Flipkart deal: Kishore Biyani reveals why retailers should not worry

Walmart-Flipkart deal: Kishore Biyani reveals why retailers should not worry

Wed, May 16, 2018

The combination of physical and digital retail is very necessary, and there are opportunities for everyone, including small players, believes Kishore Biyani chairman and CEO of Future Group.

Flipkart a game changer for Walmart; Amazon to face stiff competition in e-commerce market

Flipkart a game changer for Walmart; Amazon to face stiff competition in e-commerce market

Mon, May 14, 2018

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

Flipkart to continue making losses for next few years, says Moody's

Flipkart to continue making losses for next few years, says Moody's

Mon, May 14, 2018

India has more than 400 million millennials, a growing middle class and exploding smartphone penetration, all of which are critical as shopping continues to shift online, the rating agency said.

Walmart-Flipkart deal to drive collateral windfall, say start-up founders

Walmart-Flipkart deal to drive collateral windfall, say start-up founders

Mon, May 14, 2018

After going through funding winter in 2016 and a volatile investment environment in 2017, the Walmart-Flipkart deal has brought warmth to the domestic start-up universe.

Walmart may buy more stake in Flipkart, taking holding up to 85%; this is how structure of deal looks like

Walmart may buy more stake in Flipkart, taking holding up to 85%; this is how structure of deal looks like

Sun, May 13, 2018

Walmart has already signed agreement to purchase shares worth $16 billion which is 77% of Flipkart,

Tax dept to seek share purchase pact from Flipkart to ascertain tax liability

Tax dept to seek share purchase pact from Flipkart to ascertain tax liability

Sun, May 13, 2018

The tax department currently is going through the Section 9(1) of the Income Tax law, which deals with indirect transfer provisions, to see if the benefits under the bilateral tax treaties with countries like Singapore and Mauritius, could be available for foreign investors selling stakes to Walmart

NITI Aayog's Rajiv Kumar welcomes Walmart-Flipkart deal; says it will have positive impact

NITI Aayog's Rajiv Kumar welcomes Walmart-Flipkart deal; says it will have positive impact

Sat, May 12, 2018

The deal between the world's largest retail company Walmart and India's largest e-commerce company Flipkart will definitely attract world's attention and encourage other investors to plan investments in India, says Rajiv Kumar, Vice-Chairperson, NITI Aayog

These Flipsters have turned millionaires even as Sachin Bansal, Binny Bansal become billionaires

These Flipsters have turned millionaires even as Sachin Bansal, Binny Bansal become billionaires

Fri, May 11, 2018

Recently, Flipkart co-founder Binny Bansal had announced 100 percent buyback of vested employee stock options (ESOPs) with reports suggesting that it could be around $150 (Rs 10,000) a share, according to a Times of India report. The biggest buyout deal of Walmart has boosted ESOPs (employee stock ownership plans) of Flipkart to a total of $2 billion. The largest e-commerce deal has also propelled Flipkart's valuation and ensured a good deal for former and current employees with stocks to get benefitted out of this mega acquisition.

Flipkart deal killer? This is why Softbank does not want to sell its stake to Walmart

Flipkart deal killer? This is why Softbank does not want to sell its stake to Walmart

Fri, May 11, 2018

Flipkart deal killer or a demand for more? SoftBank's Masayoshi Son may have put a hurdle on Flipkart-Walmart deal. SoftBank Group Corp will reportedly take a call in the next 7-10 days on whether to exit Flipkart or stay invested for some more time.

Who is Sachin Bansal, the man who started Flipkart but sold it to Walmart

Who is Sachin Bansal, the man who started Flipkart but sold it to Walmart

Fri, May 11, 2018

Sachin Bansal, the poster boy of India's e-commerce revolution, had once said he will never sell Flipkart, but guess he got an offer he just could not refuse! It so happened that he has now exited the business by selling his entire stake in Flipkart.

Massive setback to Flipkart-Walmart $16 bn pact; will it kill the deal?

Massive setback to Flipkart-Walmart $16 bn pact; will it kill the deal?

Fri, May 11, 2018

Walmart has bought 77 per cent of Flipkart in a deal valued at $16 bn and yet, today a deal killer has emerged on the horizon! It has so transpired that Japan's SoftBank Group Corp has reportedly not yet decided to sell its 20-22 per cent stake in Flipkart to US retailer Walmart Inc.

Emotional Sachin Bansal takes to Facebook to bid adieu to Flipkart staff, says his 'work here is done'

Emotional Sachin Bansal takes to Facebook to bid adieu to Flipkart staff, says his 'work here is done'

Thu, May 10, 2018

Sachin and Binny began by selling books when they founded Flipkart, and then expanded to sell music, movies, games, electronics and mobiles. The first book the company sold was John Wood’s Leaving Microsoft to Change the World. Then, the e-commerce company launched logistics arm Ekart.

Contours of the Flipkart-Walmart deal

Contours of the Flipkart-Walmart deal

Thu, May 10, 2018

India's very own whizkids, Sachin Bansal and Binny Bansal have turned billionaires after selling their stake in India's top e-retailer Flipkart to US retail giant Walmart in a transaction dubbed as world's largest e-commerce deal valued at $16 bn.

Walmart's India Deal Is Admission of Defeat

Walmart's India Deal Is Admission of Defeat

Thu, May 10, 2018

Walmart Inc. might want to portray its $16 billion purchase of India's largest e-commerce firm, Flipkart Group, as a brilliant strategic move, but the truth is that the deal represents a second-best outcome- if that for Walmart as well as for Indian consumers and farmers.

Day after buying Flipkart, Walmart says will open 50 new stores in India in 4-5 yrs

Day after buying Flipkart, Walmart says will open 50 new stores in India in 4-5 yrs

Thu, May 10, 2018

A day after announcing USD 16 billion investment in India's largest online retailer Flipkart, Walmart Inc today said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years. "We currently have 21 stores and plan to open 50 stores in 4 to 5 years. Plans are on track,"

Sachin Bansal, Binny Bansal join Mukesh Ambani, Azim Premji in billionaires club; check India's top 5 list

Sachin Bansal, Binny Bansal join Mukesh Ambani, Azim Premji in billionaires club; check India's top 5 list

Thu, May 10, 2018

India's very own whizkids, Sachin Bansal and Binny Bansal have turned billionaires after selling their stake in India's top e-retailer Flipkart to US retail giant Walmart in a transaction dubbed as world's largest e-commerce deal valued at $16 bn.

Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides

Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides

Thu, May 10, 2018

Binny Bansal, the poster boy of India's e-commerce revolution, has just sold his firm Flipkart, he is a co-founder alongside Sachin Bansal, to US retail giant Walmart in a deal valued at $16 bn. It has boosted Flipkart valuation to $21 bn (Rs 1,35,000 crore).

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