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Walmart seals deal to acquire majority stake in Flipkart

Walmart said its investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business.

19 Aug 2018 4:28 AM

Having cleared global retail giant Walmart's USD 16 billion acquisition of home-grown Flipkart, fair trade watchdog CCI has opined that complaints about the deal violating FDI rules "may merit policy intervention" but do not fall under its ambit.

Walmart-Flipkart deal: CCI says no bar on it to probe discounting practice

In its detailed order clearing the deal, the CCI has said it is "not likely" to have an appreciable adverse effect on competition in India.

12 Aug 2018 1:26 PM

E-commerce major Flipkart plans to expand its online grocery service 'Supermart' to 5-6 major Indian cities by the end of the year as it takes head-on players like Alibaba-backed BigBasket and SoftBank-funded Grofers as well as rival Amazon India.

Flipkart to expand e-grocery store in 5 to 6 Indian cities by year-end

It takes head-on players like Alibaba-backed BigBasket and SoftBank-funded Grofers as well as rival Amazon India.

09 Aug 2018 5:24 PM

I-T department had written to Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (2) of the I-T Act.

Walmart may approach I-T dept to determine tax liability in Flipkart deal

Walmart last month assured the I-T department that it will fulfil all tax obligations.

09 Aug 2018 1:08 PM

Walmart announced in May it was acquiring about 77 per cent of Flipkart for roughly $16 billion in the biggest deal for India’s e-commerce sector.

CCI clears Walmart's USD 16 billion acquisition of Flipkart

Walmart-Flipkart combination would create unfair competition and drive local convenience stores out of business.

09 Aug 2018 8:30 AM

The government on Monday said it has received representations from trade bodies alleging irregularities in various aspects of the proposed acquisition of Flipkart by Walmart and that have been sent to concerned agencies for necessary action.

Depictions against Flipkart-Walmart deal sent to concerned department

In May, the US-based retailer Walmart Inc announced acquisition of 77 per cent stake in Flipkart in its biggest takeover till date.

06 Aug 2018 5:49 PM

The company, which registered operating income of 715 billion yen (USD 6.42 billion) during the quarter, also attributed the growth to sale of the majority of chip designer ARM Holding's Chinese operations. (Photo: AFP)

SoftBank profit up 49 per cent on Flipkart, ARM stake sales

SoftBank said it estimates that the sale of Flipkart shares will occur within 24 months of the inception of the investment.

06 Aug 2018 5:33 PM

Plea on FDI violations by e-commerce giants:Delhi HC

Apart from that it also claimed the two e-commerce giants have created several other companies to divide discounts.

31 Jul 2018 5:46 AM

n The draft has suggested setting up of a separate wing in the Directorate of Enforcement to handle complaints related to implementation of FDI guidelines in e-commerce sector.

MNCs may be asked to store data locally

National e-commerce policy aims to level playing field.

31 Jul 2018 12:47 AM

India eyes single regulator for e-commerce sector: Report

India will also take steps to develop the capacity for storing data and incentivise its domestic storage, a report asserted.

30 Jul 2018 3:50 PM

The anti-profiteering authority has ordered audit of major e-commerce companies like Flipkart, Amazon and Snapdeal, to find out whether they have refunded the excess GST collected from the consumers.

E-commerce companies to face tax audit over GST refund issue

The anti-profiteering authority was set up last year to ensure that consumers get the benefit of tax rate reduction.

25 Jul 2018 4:56 PM

E-commerce major Flipkart will shut down eBay.in next month and launch a new platform for refurbished goods as it attempts to tap into a large market segment that is predominantly unorganised.

Flipkart to shut eBay in India, launch new platform for refurbished goods

Last year, Flipkart had raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft.

24 Jul 2018 6:30 PM

Anti-profiteering body to keep vigil on e-retailers.

Clean chit to Flipkart in excess GST collection case

Apart from Flipkart, the other three companies that have got clean chit from the anti-profiteering authority.

24 Jul 2018 9:29 AM

Conventionally, these games are available in the form of Compact discs which are much costlier.

Pirated game cracks sold on Flipkart?

Games including GTA V and Watch Dog 2 were made available by some online merchants which weren't the legal versions.

23 Jul 2018 8:59 PM

The Amazon Echo smart speakers run on Alexa voice assistant whereas Google’s Home series of speakers utilise the Google Assistant.

Flipkart, Amazon offering huge discounts on smart speakers

The ongoing sale on Flipkart and Amazon has brought down the prices of the smart speakers by up to 50 per cent.

17 Jul 2018 5:26 PM

The CAIT has been demanding the govt to scrap the deal and constitute a regulatory authority to regulate and monitor the country’s e-commerce market.

Flipkart deal in line with India’s FDI policy: Walmart

Walmart does not seem to have violated any existing FDI rules for investment in e-marketplaces.

03 Jul 2018 10:53 AM

Flipkart deal in line with FDI policy

The company further said, “We believe the combined capabilities of Flipkart and Walmart will create India’s leading e-commerce platform.

03 Jul 2018 12:24 AM

The Confederation of All India Traders (CAIT) says the US retail giant’s buyout of Bengaluru-based Flipkart will create a monopoly in the retail market and drive small store-owners out of business.

Shopkeepers to protest against Walmart's Flipkart buy

Shopkeepers has asked its members to hold protests against Walmart Inc’s proposed $16 billion acquisition of e-commerce firm Flipkart.

02 Jul 2018 2:48 PM

Representatives of companies including Amazon, H&M, Pepsi and Coca-Cola, as well as plastic industry bodies and lobby groups, met with Maharashtra government officials days before the ban came into effect on June 23. (Photo: File | Representational)

Amazon, H&M, others pressing to soften Maharashtra plastic ban: sources

H&M said that it supported reusing-recycling, adding that it had asked government to clarify rules and for help coming up with solutions.

29 Jun 2018 11:15 AM

The Pixel 2 and Pixel 2 XL are powered by Qualcomm’s 2017 flagship chipset — the Snapdragon 835, aided by 4GB of RAM.

Flipkart is offering Google Pixel 2 for as low as Rs 9,999

Flipkart’s Buyback Guarantee program is offering discounts of up to Rs 42,000 on the Google Pixel 2 128GB variant.

19 Jun 2018 5:31 PM

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Krishna Shastri Devulapalli