Flipkart launches 'Flipkart Boost' for digital-first consumer brands

The Flipkart Boost programme will shortlist brands based on a set of pre-decided objective criteria, which includes their growth potential, sustainable revenue run rate and focus on quality.

published on : 7th September 2021

India among most exciting markets globally, to grow to USD 1 trillion by 2025: Walmart CEO

The top executive highlighted that India is one of the top three markets, along with the US and China. The Converge@Walmart event is the flagship event of Walmart Global Tech India.

published on : 25th August 2021

SoftBank in talks to invest USD 500-600 mn in Flipkart: Sources

The transaction - which may also see participation from Singapore's sovereign wealth fund GIC and Canadian pension fund CPPIB - could value Flipkart between USD 30-32 billion, they added.

published on : 4th June 2021

COVID-19: Walmart to donate 20 oxygen-generating plants, cryogenic containers to India

The decision by Walmart came as India continues to witness a steep increase in the number of COVID-19 cases and deaths, crippling its health facilities, especially the supply of oxygen.

published on : 1st May 2021

Walmart-Flipkart deal to vitiate e-commerce: Traders

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

published on : 9th May 2018

US retailer Walmart's USD 16 billion Flipkart buy is biggest deal this year

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.

published on : 9th May 2018

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

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

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

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

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

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

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

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

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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