Retail
Flipkart parent gets a Rs2,190-cr equity boost from Walmart
12 Dec 2018
The fresh infusion of funds by Walmart comes amidst reports that Flipkart may invest in or partner with offline retailers in groceries and furniture to take on arch rival Amazon in India
Amazon set to acquire 9.5% stake in Future Retail for Rs2,000 cr
28 Nov 2018
While the initial investment will be in the form of portfolio investment, a deal could include Amazon buying out Biyani and promoter group’s entire holding in the future, subject to applicable regulations in India, say reports
Flipkart is now 81.3% Walmart
21 Nov 2018
The move, amidst a controversial exit of co-founder Binny Bansal and an expected rise in annual earnings of Flipkart, leaves the remaining shareholders with a mere 18.639 per cent stake
Binny Bansal resigns as chairman and CEO of Flipkart group
14 Nov 2018
With both co-founders - Sachin Bansal and Binny Bansal - out of power, Flipkart, India’s largest and most popular e-commerce firm, will now be a Walmart show
Amazon to buy 49% in Aditya Birla’s More retail chain in deal with Samara
20 Sep 2018
The recent deals in Indian retail space, including the Walmart-Flipkart deal, are widely seen as the government’s green light for foreign retail giants to establish themselves in India’s $400-billion food and grocery market
And now, Google, Paytm team up for 7-10% stake in Future Retail
27 Aug 2018
News of entry of another foreign suitor in India’s retail-online market, with investment plan pegged at Rs3,500-4,000 crore, boosted Future Retail stock by 6 per cent in morning trade today
Walmart files caveat in HC to pre-empt move by Cait and SJM
21 Aug 2018
Traders say the approval for Walmart’s acquisition of Flipkart “violated government’s FDI policy and that the combination is a sinister design to control and dominate the retail trade through the passage of e-commerce policy
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