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CAIT on Wednesday alleged that the USD 16 billion Flipkart-Walmart deal circumvents laws, and said it will seek legal recourse on the matter.

CAIT says Flipkart-Walmart deal circumvents laws

Its team of lawyers is studying the deal and very shortly, CAIT will move to appropriate authorities and seek legal recourse.

16 May 2018 7:35 PM

On May 9, Walmart Inc said it is buying a 77 per cent stake in Indian e-commerce retailer Flipkart for about USD 16 billion.

Flipkart's stake acquisition 'credit positive' for Walmart: Moody's

Indian e-commerce firm is expected to continue to make losses for the next few years.

14 May 2018 11:34 AM

The revenue department will write to Flipkart seeking the share purchase agreement that the company had entered into with Walmart.

Tax department to seek share purchase pact from Flipkart

The department currently is going through the Section 9(1) of the Income Tax law, which deals with indirect transfer provisions.

13 May 2018 2:01 PM

The IPO should be done at no less a valuation than that at which Walmart invested in the Indian e-commerce firm.

Walmart may launch IPO for Flipkart in as early as four years

Walmart announced earlier this week that it will pay $16 billion for a roughly 77 per cent stake in Flipkart.

12 May 2018 1:54 PM

Walmart’s commitment to India in terms of sizeable headcount in its Bengaluru operations in procuring for global markets may be further enhanced by its presence in Flipkart, which may be the leader or joint No. 1 with Amazon in a growing marketplace.

Walmart-Flipkart deal: Many questions arise

The point to consider is whether all this will lead to generating greater employment in the numbers the Indian economy and population need.

12 May 2018 5:27 AM

SoftBank had invested USD 2.5 billion in Flipkart and exiting the company would fetch it up to USD 4.5 billion. The USD 2 billion profit would be taxed as per Indian law. (Photo: AFP)

After Flipkart-Walmart deal, SoftBank undecided on selling stake

SoftBank’s Masayoshi Son will take a call in the next 7-10 days, on whether the group will exit India’s biggest online retailer or not.

11 May 2018 2:36 PM

Japan's SoftBank Group Corp has not yet decided to sell its 20-22 per cent stake in Flipkart to US retailer Walmart Inc.

SoftBank undecided on exiting Flipkart

SoftBank's Masayoshi Son will take a call in the next 7-10 days on whether to exit India's biggest online retailer or say invested.

11 May 2018 12:13 PM

Walmart today said it would acquire 77 per cent stake in Flipkart for about USD 16 billion in its biggest acquisition till date.

Traders oppose Walmart-Flipkart deal, industry gives thumbs up

Walmart's acquisition faced opposition from traders and an RSS affiliate.

10 May 2018 2:09 PM

Walmart India is a wholly-owned subsidiary of Walmart Stores Inc and offers close to 5,000 items through its cash-and-carry wholesale format.

Walmart to open 50 new stores in India in 4-5 years

Walmart is buying 77 per cent of Flipkart from existing shareholders, including Japan's SoftBank.

10 May 2018 1:22 PM

Sachin Bansal bids adieu to Flipkart in emotional FB post

US retailer Walmart Inc on Wednesday acquired 77 per cent stake in Flipkart for about USD 16 billion.

10 May 2018 12:50 PM

Walmart for long has been trying to gain a significant foothold in India and the Flipkart acquisition will provide it what it had longed and lobbied for so hard.

Walmart pays $16 billion for 77 per cent Flipkart stake

World’s biggest e-commerce deal angers traders’ body, RSS affilate.

10 May 2018 5:45 AM

Due to strict FDI norms, Walmart had been restricted to cash and carry segment. (Photo: AFP)

Walmart stocks dip over 4 per cent after deal

Flipkart is expected to generate meaningful losses for the next few years, so this is a bet for the future, say analysts.

10 May 2018 2:17 AM

Walmart Inc. on Wednesday announced that it has signed definitive agreements to become the largest shareholder in the Flipkart Group.

Walmart to acquire 77 per cent stake in Flipkart, confirms Softbank CEO

The investment will help accelerate Flipkart's customer-focused mission to transform commerce in India through technology.

09 May 2018 6:18 PM

The first billion-dollar Indian e-commerce company, Flipkart, sells 8 million products across 80-plus categories and has 100 million registered users. (Photo: File)

Walmart to buy controlling stake in Flipkart, confirms Softbank CEO

Softbank CEO also said the stake of USD 2.5 billion Flipkart is now worth about USD 4 billion in deal.

09 May 2018 6:11 PM

Walmart is expected to get three board seats at Flipkart and will also have a say in the appointments of the group’s finance, legal and compliance heads.

Walmart likely to announce Flipkart deal before end of week: sources

Walmart and Google parent Alphabet Inc will buy up to 75 per cent of Flipkart.

08 May 2018 8:25 AM

Walmart had a global sales turnover of $495bn in 2017. Of this, its US sales was $317bn. In America, estimates say that Chinese suppliers make up 70-80% of Walmart's merchandise, leaving less than 20% for US-made products. (Photo: AFP)

Walmart entry: Red carpet for Chinese imports

Walmart has begun competing with Amazon for the e-commerce space and about 10 per cent of its US sales are now by this.

08 May 2018 12:45 AM

The fear only multiplies on what effect this will have on 50 million small traders and 40 million SMEs, who have already been hit by the predatory pricing of e-commerce giants like Amazon and Flipkart dominating the Indian market.

Walmart-Flipkart deal must be closely vetted

The mom-&-pop store may survive the Walmart storm, but millions will be out of jobs soon as the workforce shrinks from Walmart’s scale of operations.

08 May 2018 12:28 AM

Traders’ body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Scrutinise Walmart deal: CAIT

The Flipkart buy may be one of the largest deals in the retail sector and by far, the biggest in the country’s booming e-commerce market.

07 May 2018 12:37 AM

Traders' body CAIT on Sunday demanded scrutiny of the proposed USD 12-billion Flipkart-Walmart deal, claiming that it will promote loss funding and predatory pricing in e-commerce sector.

CAIT demands scrutiny of proposed Flipkart-Walmart deal

It will promote loss funding and predatory pricing in e-commerce sector.

06 May 2018 7:02 PM

Bloomberg said that under the proposed deal Japan's Softbank Group would give up its 20 percent stake in Flipkart.

Flipkart board approves Walmart’s bid, says report

Flipkart declined to comment when contacted by AFP.

05 May 2018 2:37 AM

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Sunil Gatade