Flipkart has expanded the role of its legal head for mergers and acquisition Manisha Kumar to oversee corporate governance and company secretarial functions.
Walmart operates more than 400 stores in Canada and claims to be one of the largest online retailers and fastest growing marketplace platforms in the country.
It is predicted that the fashion category is looking at a strong growth this year and influencer marketing is projected to expand to a $16.4 billion industry this year.
The pilot, identified by Tupelo Police Chief John Quaka, as Corey Wayne Patterson of nearby Shannon, will be charged with grand larceny and making terrorist threats.
Pilot threatening to crash stolen plane into a Walmart store in US city lands safely, says Mississippi Governor
Tupelo Police Department said in a press release that the officials had 'been able to begin talking with the pilot directly.'
There are no exceptions for rape or incest.
Walmart Foundation is a CSR (Corporate Social Responsibility) arm of Walmart, while the Flipkart Foundation represents the Flipkart Group.
PhonePe was founded by ex-Flipkart executives Sameer Nigam, Rahul Chari and Burzin Engineer, and was acquired by Flipkart in 2016.
Along with Flipkart and cross-border commerce company Payoneer, Walmart laid out a roadmap for local sellers with export ambitions at the recent Walmart Global Seller Summit in New Delhi
The retailer is focused on ensuring that it is seen as a "good partner" for the country and has attempted to demonstrate its culture to the government.
Walmart Inc today said it would acquire 77 per cent stake in Flipkart for about USD 16 billion in its biggest acquisition till date.
The biggest M&A deal in India however is the yet-to-be-completed merger of Vodafone India and Idea Cellular to create India's largest telecom operator, surpassing Bharti Airtel.
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.
The Flipkart Group includes fashion portals Myntra-Jabong, payments unit PhonePe and logistics firm Ekart.
It claimed that such a deal will ?encourage malpractices, loss funding and predatory pricing in e-commerce?
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.
Flipkart’s board has approved an agreement to sell around 75% of the company to a Walmart-led group for approximately $15 billion.
The deal with Walmart, involving primary and secondary shares, is expected to value Flipkart at about USD 20 billion.
It also began the process of converting Flipkart to a private limited company, changing its name to Flipkart Pte Ltd, the filings showed.
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.