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Coronavirus Lockdown: Get free home delivery of food, more, just call WhatsApp number

Coronavirus Lockdown: Get free home delivery of food, more, just...

Thu, Mar 26, 2020

Coronavirus Lockdown: E-commerce platforms like Grofers, Big Bazaar, Bigbasket, Amazon and Flipkart, etc. have been allowed to continue their doorstep services.

Flipkart shutdown: Operations suspended only temporarily over Covid-19 lockdown; what it said about opening

Flipkart shutdown: Operations suspended only temporarily over Cov...

Wed, Mar 25, 2020

Flipkart shutdown: Walmart-owned Flipkart on Wednesday said it was suspending its operations temporarily as India entered into a 21-day lockdown to contain the spread of Covid-19 pandemic.

Flipkart stops operations across supply chain amid lockdown

Flipkart stops operations across supply chain amid lockdown

Wed, Mar 25, 2020

In an internal email sent to employees, Adarsh Menon who is senior vice president at Flipkart wrote that senior executives will "evaluate how to get supply chains back in consultation with government and stakeholders but as of now the platform will not accept any orders".

TRENDING NOW

Tax dept to seek share purchase pact from Flipkart to ascertain tax liability

Tax dept to seek share purchase pact from Flipkart to ascertain tax liability

Sun, May 13, 2018

The tax department currently is going through the Section 9(1) of the Income Tax law, which deals with indirect transfer provisions, to see if the benefits under the bilateral tax treaties with countries like Singapore and Mauritius, could be available for foreign investors selling stakes to Walmart

Flipkart sale: Huge discounts on Samsung Galaxy On Nxt, Honor 9 Lite, Redmi Note 5, Google Pixel 2 in Big Shopping Day sale

Flipkart sale: Huge discounts on Samsung Galaxy On Nxt, Honor 9 Lite, Redmi Note 5, Google Pixel 2 in Big Shopping Day sale

Sat, May 12, 2018

It needs to be noted that, apart from the deals offered by Flipkart, one can enjoy even more discount if they make payment using HDFC Bank credit and debit for their purchase. HDFC Bank is giving 10% discount in this sale.

Amazon sale starts midnight; One Plus, Nokia, Samsung on offer; save money on best deals, other offers

Amazon sale starts midnight; One Plus, Nokia, Samsung on offer; save money on best deals, other offers

Sat, May 12, 2018

There are more than 1000 brands and over 40,000 deals being offered in this Summer sale.

NITI Aayog's Rajiv Kumar welcomes Walmart-Flipkart deal; says it will have positive impact

NITI Aayog's Rajiv Kumar welcomes Walmart-Flipkart deal; says it will have positive impact

Sat, May 12, 2018

The deal between the world's largest retail company Walmart and India's largest e-commerce company Flipkart will definitely attract world's attention and encourage other investors to plan investments in India, says Rajiv Kumar, Vice-Chairperson, NITI Aayog

Flipkart IPO coming? What Walmart may want to do in India revealed

Flipkart IPO coming? What Walmart may want to do in India revealed

Sat, May 12, 2018

Minority investors holding 60 percent of Flipkart`s shares "acting together, may require Flipkart to effect an initial public offering" (IPO) four years after the close of the Walmart-Flipkart transaction, the Bentonville, Arkansas-based retailer said in a May 11 filing with the U.S. Securities and Exchange Commission

These Flipsters have turned millionaires even as Sachin Bansal, Binny Bansal become billionaires

These Flipsters have turned millionaires even as Sachin Bansal, Binny Bansal become billionaires

Fri, May 11, 2018

Recently, Flipkart co-founder Binny Bansal had announced 100 percent buyback of vested employee stock options (ESOPs) with reports suggesting that it could be around $150 (Rs 10,000) a share, according to a Times of India report. The biggest buyout deal of Walmart has boosted ESOPs (employee stock ownership plans) of Flipkart to a total of $2 billion. The largest e-commerce deal has also propelled Flipkart's valuation and ensured a good deal for former and current employees with stocks to get benefitted out of this mega acquisition.

Flipkart deal killer? This is why Softbank does not want to sell its stake to Walmart

Flipkart deal killer? This is why Softbank does not want to sell its stake to Walmart

Fri, May 11, 2018

Flipkart deal killer or a demand for more? SoftBank's Masayoshi Son may have put a hurdle on Flipkart-Walmart deal. SoftBank Group Corp will reportedly take a call in the next 7-10 days on whether to exit Flipkart or stay invested for some more time.

Who is Sachin Bansal, the man who started Flipkart but sold it to Walmart

Who is Sachin Bansal, the man who started Flipkart but sold it to Walmart

Fri, May 11, 2018

Sachin Bansal, the poster boy of India's e-commerce revolution, had once said he will never sell Flipkart, but guess he got an offer he just could not refuse! It so happened that he has now exited the business by selling his entire stake in Flipkart.

Massive setback to Flipkart-Walmart $16 bn pact; will it kill the deal?

Massive setback to Flipkart-Walmart $16 bn pact; will it kill the deal?

Fri, May 11, 2018

Walmart has bought 77 per cent of Flipkart in a deal valued at $16 bn and yet, today a deal killer has emerged on the horizon! It has so transpired that Japan's SoftBank Group Corp has reportedly not yet decided to sell its 20-22 per cent stake in Flipkart to US retailer Walmart Inc.

Emotional Sachin Bansal takes to Facebook to bid adieu to Flipkart staff, says his 'work here is done'

Emotional Sachin Bansal takes to Facebook to bid adieu to Flipkart staff, says his 'work here is done'

Thu, May 10, 2018

Sachin and Binny began by selling books when they founded Flipkart, and then expanded to sell music, movies, games, electronics and mobiles. The first book the company sold was John Wood’s Leaving Microsoft to Change the World. Then, the e-commerce company launched logistics arm Ekart.

Contours of the Flipkart-Walmart deal

Contours of the Flipkart-Walmart deal

Thu, May 10, 2018

India's very own whizkids, Sachin Bansal and Binny Bansal have turned billionaires after selling their stake in India's top e-retailer Flipkart to US retail giant Walmart in a transaction dubbed as world's largest e-commerce deal valued at $16 bn.

Walmart's India Deal Is Admission of Defeat

Walmart's India Deal Is Admission of Defeat

Thu, May 10, 2018

Walmart Inc. might want to portray its $16 billion purchase of India's largest e-commerce firm, Flipkart Group, as a brilliant strategic move, but the truth is that the deal represents a second-best outcome- if that for Walmart as well as for Indian consumers and farmers.

Day after buying Flipkart, Walmart says will open 50 new stores in India in 4-5 yrs

Day after buying Flipkart, Walmart says will open 50 new stores in India in 4-5 yrs

Thu, May 10, 2018

A day after announcing USD 16 billion investment in India's largest online retailer Flipkart, Walmart Inc today said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years. "We currently have 21 stores and plan to open 50 stores in 4 to 5 years. Plans are on track,"

Here is what Binny Bansal has to say about Sachin Bansal’s exit from Flipkart

Here is what Binny Bansal has to say about Sachin Bansal’s exit from Flipkart

Thu, May 10, 2018

After moving to Bangalore, Sachin joined Amazon and recommended Binny, earning an employee recommendation bonus. He, however, had to soon return it as Binny left Amazon in just 8 months.

Sachin Bansal, Binny Bansal join Mukesh Ambani, Azim Premji in billionaires club; check India's top 5 list

Sachin Bansal, Binny Bansal join Mukesh Ambani, Azim Premji in billionaires club; check India's top 5 list

Thu, May 10, 2018

India's very own whizkids, Sachin Bansal and Binny Bansal have turned billionaires after selling their stake in India's top e-retailer Flipkart to US retail giant Walmart in a transaction dubbed as world's largest e-commerce deal valued at $16 bn.

eBay to sell Flipkart stake for about $1.1 bn; relaunch eBay India

eBay to sell Flipkart stake for about $1.1 bn; relaunch eBay India

Thu, May 10, 2018

In exchange of an equity stake in Flipkart, eBay had made a cash investment of USD 500 million and sold its eBay.In business to the Bengaluru-based e-commerce major.

Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides

Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides

Thu, May 10, 2018

Binny Bansal, the poster boy of India's e-commerce revolution, has just sold his firm Flipkart, he is a co-founder alongside Sachin Bansal, to US retail giant Walmart in a deal valued at $16 bn. It has boosted Flipkart valuation to $21 bn (Rs 1,35,000 crore).

Awesome Flipkart-Walmart deal may get big slap in face in India

Awesome Flipkart-Walmart deal may get big slap in face in India

Thu, May 10, 2018

As per the proposed deal, Walmart is expected to acquire shares of the Singapore-registered Flipkart. In the normal case, capital gains will not arise. But India had introduced an amendment to nullify the Vodafone Judgment by taxing indirect transfers. On account of indirect transfer, this transaction could get taxed, because of the change in shareholding at the Singapore entity.

Flipkart-Walmart deal done; now, this big problem raises its head

Flipkart-Walmart deal done; now, this big problem raises its head

Thu, May 10, 2018

"I believe it (the deal) will create a rumble in the industry. Whenever there is an M&A, a little bit of shiver is felt, but that does not shake up sturdy businesses. I am a very strong believer of the fact that the Indian market is so large that nobody can say it will saturate," Anil Talreja said.

Walmart buys Flipkart: Great discounts coming for buyers soon

Walmart buys Flipkart: Great discounts coming for buyers soon

Thu, May 10, 2018

Flipkart-Walmart deal: US firm's $16 billion majority stake acquisition in Flipkart is set to make shopping much more rewarding for the Indian online consumers. With Jeff Bezos promoted Amazon India challenging Flipkart’s leadership position, the latter is left with no option but to do everything under the sun and maintain/ grow its market share in the $17.8 billion Indian e-commerce industry.

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