Business  /  Published 16.09.20

Flipkart in overseas IPO bid

Walmart acquired a roughly 77 per cent stake in Flipkart for about $16 billion back in 2018. That deal remains the single largest foreign direct investment in India. It turned Flipkart’s founde...
By Reuters in

Business  /  Published 14.08.20

Flipkart to deliver liquor in Bengal and Odisha on Friday launched an online pharmacy in Bangalore. The service, Amazon Pharmacy, has begun and will soon offer deliveries across the city, Amazon said. It offers both over-the-counter and ...
By Reuters in New Delhi

Business  /  Published 29.07.20

Flipkart: deal hits roadblock

Less than a week after it announced the deal, Flipkart is facing a major hurdle in its proposed move to acquire the local cash-and-carry business of parent Walmart. The All India Online Vendors&rsquo...
By Our Special Correspondent in Mumbai

Business  /  Published 24.07.20

Flipkart bites wholesale pie

Flipkart is acquiring parent Walmart Inc’s local cash-and-carry business as the e-commerce giant strengthens its wholesale operations to compete better with Amazon and other players. The deal w...
By Our Special Correspondent in Mumbai

Business  /  Published 23.07.20

Flipkart acquires Walmart India

Flipkart on Thursday announced the acquisition of Walmart India for an undisclosed amount and said it will launch 'Flipkart Wholesale' next month as the homegrown e-commerce major looks t...
By PTI in New Delhi

Business  /  Published 15.07.20

Flipkart: in for more funds

Walmart, the Bentonville, Arkansas-based retail giant, is investing $1.2 billion along with other existing shareholders in Flipkart. The investment in Flipkart by its parent comes at a time India&rsq...
By Our Special Correspondent in Mumbai

Business  /  Published 10.07.20

Flipkart buys into Arvind Youth Brands

Flipkart, the Walmart owned online commerce player, is investing Rs 260 crore in Arvind Youth Brands, the subsidiary of Arvind Fashions Ltd (AFL). Arvind Youth Brands is Arvind Fashions’ recent...
By Our Special Correspondent in Mumbai

Business  /  Published 11.04.20

Flipkart, Tatas team up

Flipkart, the Walmart-owned entity, has teamed up with Tata Consumer Products to sell the latter’s products on its portal. Tata Consumer’s distributors will list as marketplace sellers on the e-co...
By Our Special Correspondent in Mumbai

Business  /  Published 25.03.20

Flipkart, Amazon suspend operations

Walmart-owned Flipkart and Amazon India’s Pantry services have been suspended temporarily as India entered a 21-day lockdown to contain the spread of the coronavirus pandemic. E-commerce platforms h...
By PTI in New Delhi

Business  /  Published 21.06.19

Walmart fined for bribery

Inside Walmart’s corporate offices in Brazil, one local contact was known as the “sorceress” for the ability to obtain government permits quickly.In India, concerns about bribery were met with a...
By Michael Corkery/ New York Times News Service in New York


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