Alleging breach of contract, unjust enrichment and other claims, Wolet Capital Corp, an investment bank specializing in US-India cross-border deals, has reportedly sought $800,000 in damages and cost
Walmart remains extremely confident about the potential of the Indian market and in Flipkart's ability to lead the e-commerce space," Flipkart chief executive officer Kalyan Krishnamurthy said
Officials said the government is unlikely to change the policy's implementation date
Flipkart Supermart, the online grocery store Flipkart launched in August 2018, has already hit a monthly sales run-rate of Rs 50 crore - a target initially set for March 2019
Flipkart had invested Rs 2,190 cr in Flipkart India in December last year
According to the firm's regulatory filings, Flipkart's parent entity was issued '486,861 equity shares through the rights issue on January 7, 2019, at a price of Rs 29,400 per share'
Flipkart's Amar Nagaram has been named as the head of Myntra and Jabong, the e-commerce fashion company says.
The CCI had said Flipkart as well as Amazon did not break regulations through their selection of merchants and brands
Flipkart says it will continue to invest in innovation for consumers in the coming year as it focusses on "impactful, inclusive growth" to get the next set of 200 million Indians shopping online
The company is working with sellers from over 10,000 pincodes and the focus is on adding more tier-II/III cities
Flipkart's parent entity had infused Rs 34.6 billion into Flipkart Internet, the marketplace unit, in September, ahead of its Big Billion Days sale
'We've brought in a lot of cost discipline into the company', says Kalyan Krishnamurthy
While Flipkart has its own fashion marketplace and an exclusive band of private labels and brand partnerships, Myntra and Jabong have added heft to its fashion play in recent years
True leaders do not follow scripts written for them; scripts are written after them
One-one-one discussions will also be held with each Jabong employee as the company gears up for its biggest transformation
Binny Bansal, the chief of Flipkart Group resigned after an internal probe into what parent Walmart Inc said was 'serious personal misconduct'
Flipkart Group CEO Binny Bansal resigned earlier this week following allegations of sexual assault that dates back to a few years
Binny Bansal's sudden, unceremonious exit has raised eyebrows across the entrepreneurial ecosystem in India
Binny Bansal, who was the COO of Flipkart till 2015, built the firm's logistics network and a well-oiled supply chain, regarded as the backbone of an e-commerce enterprises
Walmart is considering both internal and external candidates for the position of group CEO