Flipkart

09 Aug 2018

While the Flipkart-Walmart alliance aims to fend off competition from e-commerce giant Amazon, the US retail giant announced plans to hire 1,000 professionals and also projected creation of 30,000 direct and indirect jobs through new cash-and-carry shops

07 Aug 2018

SoftBank showed a gain of around $1.48 billion on its balance sheet due to an increase in the fair value of its stake in Flipkart, translating to a 60-per cent return on its investment ahead of its sale to Walmart

01 Aug 2018

03 Jul 2018

India currently allows 100-per cent foreign direct investment in e-commerce firms that operate on an online marketplace-based model and most analysts and experts expect the deal to go through

09 Jun 2018

06 Jun 2018

Walmart is planning to open its second fulfilment centre in India as part of its kirana store programme, called 'Mera Kirana', which tries to empower and train local kirana stores

02 Jun 2018

The commerce ministry has asked the Reserve Bank of India and the Enforcement Directorate to look into the alleged violation of FDI rules in the $16-billion Walmart-Flipkart deal

26 May 2018

Comparing Walmart to The East India Company, the Confederation of All India Traders says  Walmart will penetrate retail trade through e-commerce, and indulge in predatory pricing and deep discounting, creating an uneven playing field for others

11 May 2018

Despite earlier statements treating the Flipkart-Walmart deal as final, SoftBank’s Masayoshi Son is now reported to be having second thoughts on selling his company's stake in the ecommerce firm

10 May 2018

The acquisition of the majority stake makes the $500-billion Walmart the largest shareholder of the Flipkart group and  help it emerge the undisputed leader in ecommerce