Walmart-flipkart Deal

Flipkart co-founder Binny Bansal planning to invest $100-150 mn in PhonePe

PhonePe has a formidable market presence in the Indian digital payments space. The app leverages the Unified Payments Interface (UPI) like its other peers

Some of the world's richest people exposed to Adani rout, market turmoil

Upheaval gripping AEL may expose billionaires, including Wilmar International, controlled by family of the richest person of Malaysia and world's second-richest Walton family, to the market turmoil

Walmart infuses $1.2 bn in Flipkart, valuing e-commerce firm at $24.9 bn

The Flipkart Group said it closed the additional $1.2 billion equity round to support the continued development of its e-commerce marketplace as India emerges from the Covid-19 crisis

Top Headlines: Losses rise as India locks down; businesses seek stimulus

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Tax thorns haunt Walmart-Flipkart deal, foreign shareholders want clarity

AAR is a legally constituted body whose ruling is binding on the applicant as well as government authorities

Walmart to offer free streaming video on Flipkart Plus, challenge Amazon

Its Flipkart unit plans to unveil the service in coming months

When Walmart got a $10 billion Phone Pe surprise after buying Flipkart

PhonePe has grown into one of India's leading digital payments companies

Flipkart completes a year with Walmart, launches 'Supermart' in Mumbai

The company plans to go for major expansion in the grocery space over the next few months

Walmart junks Morgan Stanley report, says unfazed by new e-commerce rules

A recent report by Morgan Stanley had hinted that Walmart may quit Flipkart as the new FDI policy came into effect, which would lower its profitability in the long run

NCLAT reserves order on plea against CCI nod to Walmart-Flipkart deal

However, the bench said: "It will be open to the parties to file short written submission, not more than three pages, by January 29, 2019."

First major rejig at Flipkart after Walmart takeover, exit of co-founders

Sriram Venkataraman named as COO; slew of changes in top management

I-T dept examining taxation issues in the $16 bn Walmart-Flipkart deal

As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, sold their holdings to Walmart

From job cuts to no-go projects, Walmart revamps Flipkart with eye on cost

Walmart is targeting to revamp Flipkart's functions by the third quarter of the next financial year, to be able to make a point to its shareholders

Tax dept asks Sachin, Binny Bansal to reveal Walmart-Flipkart deal income

Walmart has already deposited Rs 74.39 billion in tax for buying out 44 foreign shareholders' stake in Flipkart

When Flipkart is truly Walmart

Binny Bansal's exit from Flipkart may or may not have a deeper story but it definitely has thrown up questions and some answers too

Walmart lowers earnings forecast after factoring impact of Flipkart deal

Walmart also expects a lower growth rate of 35 per cent for its online business in the financial year 2020

Flipkart offers employees chance to cash in on ESOPs worth Rs 57.55 billion

In December last year, Flipkart had bought back ESOPs worth over $100 million from over 3,000 current and former employees

See great value in omni-channel retail with Flipkart acquisition: Walmart

The recent investment in Flipkart shows Walmart is committed to the country, Walmart India President and CEO Krish Iyer said.

Walmart didn't pay taxes on Flipkart shares from 34 shareholders: I-T dept

Walmart has paid Rs Rs 74.39 billion withholding tax on payments made to 10 major shareholders of Flipkart

Walmart, Flipkart employees to get a chance to switch between the companies

E-commerce firm will learn inventory management, how to handle fresh produce, cold chains