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Toys to account for significant portion of Walmart's USD 10 billion exports target from India: Official

Toys to account for significant portion of Walmart's USD 10 billion exports target from India: Official

Thu, Jan 04, 2024

Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the American company has recently held a workshop with 100 Indian toy makers so that they can set up the supply chain for toy exports from India.

Flipkart gets $ 600 million from Walmart at around 5-10% higher valuation

Flipkart gets $ 600 million from Walmart at around 5-10% higher valuation

Fri, Dec 22, 2023

Flipkart did not comment on the valuation of the company post fresh fund infusion from its parent firm.

FedEx profit misses, cuts full-year revenue forecast; shares sink

FedEx profit misses, cuts full-year revenue forecast; shares sink

Wed, Dec 20, 2023

FedEx now expects a low-single-digit percentage decline in revenue from last year, compared with its prior forecast of roughly flat results.

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Sachin Bansal, Binny Bansal turn India's newest billionaires, but there is a big disappointment in store

Sachin Bansal, Binny Bansal turn India's newest billionaires, but there is a big disappointment in store

Thu, May 10, 2018

Both Sachin Bansal and Binny Bansal owned about 5 per cent of the company they co-founded. But post-sale Sachin Bansal will cut all links to the company, while Binny Bansal will not only be retained, he will also keep a part of his shareholding.

Walmart will bag these investors shares in Flipkart; set to hold 77% stake in e-commerce giant

Walmart will bag these investors shares in Flipkart; set to hold 77% stake in e-commerce giant

Wed, May 09, 2018

After Flipkart deal, 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 population of the country.

Post Flipkart transaction, here is how Walmart may suffer; all details here

Post Flipkart transaction, here is how Walmart may suffer; all details here

Wed, May 09, 2018

For Amazon things are going to change now for the worse. It was facing stiff competition from Flipkart as it is and now, the Indian e-retailer will be backed by US retail giant Walmart.

World’s largest e-commerce deal! Walmart buys Flipkart, here's what US retailer's vision in India is

World’s largest e-commerce deal! Walmart buys Flipkart, here's what US retailer's vision in India is

Wed, May 09, 2018

Walmart has acquired 77% stake in Bengaluru-based online shopping portal Flipkart for a valuation of around $21 billion.

Walmart buys Flipkart for $16 billion; This is what structure of deal looks like

Walmart buys Flipkart for $16 billion; This is what structure of deal looks like

Wed, May 09, 2018

Walmart-Flipkart deal becomes world’s largest e-commerce deal, and also biggest FDI deal in India.

Flipkart sale: From rivalry with Amazon to why deal matters to Walmart, a few facts on takeover

Flipkart sale: From rivalry with Amazon to why deal matters to Walmart, a few facts on takeover

Wed, May 09, 2018

Walmart is all set to clinch a mammoth deal to buy a majority stake in Indian e-retailer Flipkart for anything between $10 bn to $15 bn.

In biggest ecommerce deal in the world, Walmart buys Flipkart for $16 bn

In biggest ecommerce deal in the world, Walmart buys Flipkart for $16 bn

Wed, May 09, 2018

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

Walmart and Flipkart deal: Softbank CEO confirms the mega buyout

Walmart and Flipkart deal: Softbank CEO confirms the mega buyout

Wed, May 09, 2018

Earlier media reports said that Amazon.com Inc, Flipkart`s biggest rival in India, had made a formal offer to buy 60 percent of Flipkart, besides proposing a $2 billion breakup fee to convince the Indian e-commerce firm to discuss its offer. Sources told Reuters that Amazon had shown an interest in buying Flipkart, but said a deal with Walmart was much more likely to go through.

Walmart's online grocery delivery partnerships with Uber, Lyft fail to take off

Walmart's online grocery delivery partnerships with Uber, Lyft fail to take off

Tue, May 08, 2018

he end of the Walmart partnerships, which has not been previously reported and was confirmed by Walmart and Uber, undercuts a vision the ride-hailing companies laid out: a service that can efficiently deliver anything on-demand, including people and cargo, at the touch of a smartphone app. "It is incredibly hard to deliver people and packages together," said a source with a delivery company that works with Walmart and has direct knowledge of the matter. "They are two completely different business models."

Flipkart-Walmart deal: From price to Sachin and Binny Bansal, 10 key points to know

Flipkart-Walmart deal: From price to Sachin and Binny Bansal, 10 key points to know

Tue, May 08, 2018

US retail giant Walmart is set to buy a 70% stake in Indian e-commerce company Flipkart for about $15 billion. The deal likely to be announced on Wednesday.

Flipkart deal done? Walmart may make announcement in just days

Flipkart deal done? Walmart may make announcement in just days

Tue, May 08, 2018

Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant`s biggest acquisition of a business.

CAIT demands scrutiny of proposed Flipkart-Walmart deal

CAIT demands scrutiny of proposed Flipkart-Walmart deal

Sun, May 06, 2018

Flipkart-Walmart deal: It is really unfortunate that in spite of having a clear FDI policy, foreign companies are finding an escape route, whether it is in retail or e-commerce, Confederation of All India Traders (CAIT) said in a statement

Flipkart clears 75% stake sale to Walmart in deal valued at $15 bn, snubs Amazon offer

Flipkart clears 75% stake sale to Walmart in deal valued at $15 bn, snubs Amazon offer

Fri, May 04, 2018

Flipkart, India's largest internet company today approved a deal to sell its equity stake of about 75 per cent in the company to a group led by Walmart. The deal will be worth about $15 billion, reported Bloomberg, quoting sources.

Walmart, Philip-Van Heusen, Reliance Trendz others taking part in Farm to Fashion textile expo

Walmart, Philip-Van Heusen, Reliance Trendz others taking part in Farm to Fashion textile expo

Thu, May 03, 2018

The Farm to Fashion expo, to be held in the city beginning May 4, will act as a liaison between garment and fabric manufacturers from Gujarat and retail giants likes Walmart, Philip-Van Heusen (PVH Corp), Gini and Jony, Reliance Trendz, Arvind Ltd, and Simba Fashions (Bangladesh), who will be attending it.

Flipkart-WalMart deal talk: It is not about Jeff Bezos led Amazon

Flipkart-WalMart deal talk: It is not about Jeff Bezos led Amazon

Mon, Apr 30, 2018

Flipkart, in which Walmart has proposed to take a major stake, has a lot to learn from Walmart in terms of work culture and operations, while Walmart can take a leaf or two out of Flipkart’s book in innovation.

How India, UK is helping Walmart attempt global turnaround

How India, UK is helping Walmart attempt global turnaround

Mon, Apr 30, 2018

The moves underscore Walmart’s renewed focus on catching up with competitors, ranging from grocer Aldi Inc to Amazon.com Inc, in key international markets. The retailer’s underperforming international business contributed less than a quarter to its total revenue of $500.3 billion in fiscal 2018.

Flipkart, Walmart case: Bharti seeks policy parity on FDI in etailing and retail

Flipkart, Walmart case: Bharti seeks policy parity on FDI in etailing and retail

Sat, Apr 28, 2018

Bharti Enterprises had first tied up with Walmart for a wholesale retail venture but ended it in 2013 due to a slew of factors, including regulatory policies on foreign direct investment caps in multi-brand retail

Flipkart sale: As Walmart battles Amazon, who really owns the Indian e-retailer?

Flipkart sale: As Walmart battles Amazon, who really owns the Indian e-retailer?

Tue, Apr 24, 2018

Flipkart sale: With Walmart looking at controlling stake in Flipkart, all eyes have turned on Tiger Global, Softbank and Naspers. Why? Find out!

This is when Flipkart sale to Walmart could happen; Amazon.com set to lose race

This is when Flipkart sale to Walmart could happen; Amazon.com set to lose race

Sat, Apr 21, 2018

Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday

Flipkart sale may be a snap deal for Walmart; here is how

Flipkart sale may be a snap deal for Walmart; here is how

Fri, Apr 13, 2018

A deal with Flipkart would step up Walmart’s battle with Amazon.com for a bigger share of India’s fledgeling e-commerce market, which Morgan Stanley estimates will be worth $200 billion in a decade. As per media reports, Amazon is exploring a possible counter offer for Flipkart.

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