Flipkart Commerce general counsel quits; Walmart India's VP legal gets interim charge

Flipkart has expanded the role of its legal head for mergers and acquisition Manisha Kumar to oversee corporate governance and company secretarial functions.

published on : 28th September 2022

Walmart wants to on-board Indian sellers to sell products online in Canada

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.

published on : 27th September 2022

Ecommerce platforms expect to see better sales this festive season 

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. 

published on : 20th September 2022

Small-plane pilot held after threatening to crash into Walmart store in US city

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.

published on : 4th September 2022

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.'

published on : 3rd September 2022

Walmart expands abortion coverage for employees

There are no exceptions for rape or incest.

published on : 20th August 2022

Walmart, Flipkart contribute over Rs 2 crore towards flood relief in Assam 

Walmart Foundation is a CSR (Corporate Social Responsibility) arm of Walmart, while the Flipkart Foundation represents the Flipkart Group.

published on : 14th July 2022

PhonePe prepares for IPO; seeks valuation of USD 8-10 billion

PhonePe was founded by ex-Flipkart executives Sameer Nigam, Rahul Chari and Burzin Engineer, and was acquired by Flipkart in 2016.

published on : 15th June 2022

Walmart, Flipkart offer Indian sellers opportunity to get on board Walmart Marketplace

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

published on : 21st April 2022

Walmart not keen to open retail stores in India; to focus on Flipkart, PhonePe

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.

published on : 11th March 2022

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
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