Flipkart
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Ban on e-pharmacy: Companies ask for more time to submit reply

Meanwhile, Tata 1mg, the official said, has urged the government to withdraw the notice, claiming that it complies with all the provisions of law.  

published on : 22nd March 2023
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Flipkart gets ITAT relief from Rs 1,700 tax demand

The Bangalore IT Appellate Tribunal (ITAT) on Thursday dismissed an appeal by the revenue department against a Commissioner of Income Tax (Appeal) order.

published on : 17th March 2023
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PhonePe raises USD 350 million from General Atlantic at USD 12 billion valuation

Founded in December 2015, PhonePe today has over 400 million registered users, and it has also digitised over 35 million offline merchants.

published on : 19th January 2023
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Pay up Rs 42K to customer, Flipkart told 

Though the complainant paid the entire amount, Flipkart did not bother to deliver the mobile phone.

published on : 3rd January 2023
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PhonePe completes separation from Flipkart 

Walmart will remain the majority shareholder of both business groups.

published on : 23rd December 2022
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Walmart to buy controlling stake in Flipkart for USD 16 billion

Walmart warned that it expects the deal to hit its fiscal 2019 earnings per share by 25 cents to 30 cents, if the deal closes as expected before the end of the second quarter.

published on : 9th May 2018
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Walmart likely to announce Flipkart deal before end of week

The Flipkart Group includes fashion portals Myntra-Jabong, payments unit PhonePe and logistics firm Ekart.

published on : 8th May 2018
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CAIT seeks Industry Minister Suresh Prabhu's intervention in Flipkart-Walmart deal 

It claimed that such a deal will ?encourage malpractices, loss funding and predatory pricing in e-commerce?

published on : 7th May 2018
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CAIT demands scrutiny of proposed 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, CAIT said in a statement.

published on : 6th May 2018
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Flipkart board stamp on Walmart deal; Alphabet Inc likely to invest too

Flipkart’s board has approved an agreement to sell around 75% of the company to a Walmart-led group for approximately $15 billion.

published on : 5th May 2018
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Sellers on Flipkart jittery ahead of deal with Walmart: AIOVA

The deal with Walmart, involving primary and secondary shares, is expected to value Flipkart at about USD 20 billion.

published on : 4th May 2018
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Flipkart buys back shares worth 350 million dollars

It also began the process of converting Flipkart to a private limited company, changing its name to Flipkart Pte Ltd, the filings showed.

published on : 4th May 2018
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Walmart inches closer to sealing deal with Flipkart 

Sources said all major investors in Flipkart, including SoftBank of Japan, are more or less on board with Walmart's purchase and the deal could be announced in the coming days.

published on : 3rd May 2018
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Flipkart aims to reduce returns further by 10-15 per cent this year

The Bengaluru-based company has also reduced various charges like fixed fee, shipping fee and commissions for its sellers with effect from May 1.

published on : 3rd May 2018
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Amazon invests Rs 2,600-crore more in India to take on Walmart

Amazon Chief Executive Jeff Bezos had earlier committed to invest a whopping USD 5 billion in India to cash-in on the rapid growth in e-commerce.

published on : 2nd May 2018
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Walmart could buy controlling stake in Flipkart as early as next week

Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week.

published on : 21st April 2018
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Flipkart bets big on smart devices like wearables and smart home solutions

Flipkart has partnered tech giant Google to exclusively sell online the latter's 'Home' and 'Home Mini' voice-activated speakers.

published on : 11th April 2018
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Xiaomi eyes to set up more plants in India

To buttress its presence in India, smart phone brand Xiaomi will set up more plants as well as add capacity in its existing plants.

published on : 5th December 2017
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SoftBank Fund may invest up to USD 2 billion in Flipkart

SoftBank, through SoftBank Vision Fund, is in discussions with Flipkart to invest between USD 1.5-2 billion, according to industry sources.

published on : 1st August 2017
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Flipkart completes eBay India merger

The deal was announced in April when the Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft.

published on : 1st August 2017
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