Retail
Walmart to announce Flipkart deal this week, to acquire 70-75% stake with Google
08 May 2018
Retail major Walmart along with Google's parent Alphabet are expected to announce their acquisition of Flipkart,, India's largest e-commerce business, before the end of this week
Flipkart turns itself into a private firm ahead of Walmart deal
07 May 2018
With a second buyback of shares from investors worth $350.46 million, Indian online retail major Flipkart has turned from a holding company into a private firm in Singapore where it is registered
Sachin Bansal likely to quit Flipkart if Walmart stake sale goes through
04 May 2018
While Binny Bansal is likely to sell about a tenth of his shares in Flipkart, it is not clear how much Sachin Bansal, who holds about 5.5 per cent stake in Flipkart, will sell
Walmart may get 3-4 seats on Flipkart board after stake purchase
30 Apr 2018
US retail giant Walmart, which is in negotiations for a large stake in Flipkart, may be given three or four seats on the ten-member board of the online retailer, which will continue to be run as an independent company if the deal goes through
ITAT backs Flipkart, says discounts are deductible expense
26 Apr 2018
In a ruling that has wide ramifications especially for ecommerce, the Income Tax Appellate Tribunal has rejected the revenue department’s stand that discounts given by Flipkart should be reclassified as capital expenditure and taxed as such
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