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Walmart-Backed Flipkart to Shift Base Back to India from Singapore
Flipkart will shift its holding company from Singapore to India as its parent Walmart aims to take the 17-year-old company public. Walmart is looking to list Flipkart and PhonePe in India over the next couple of years, Dan Bartlett, Walmart's executive vice president for corporate affairs, told Reuters last year.
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Walmart Confirms It Paid Most of $1 Billion Tax to Move PhonePe Headquarters to India
Walmart said on Wednesday that it had paid the Indian government most of the $1 billion (roughly Rs. 8,300 crore) tax after it shifted the headquarters for PhonePe from Singapore to India. The US retail giant said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both firms.
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PhonePe Announces Shift of Domicile From Singapore to India
PhonePe, a part of the Walmart-controlled Flipkart group, announced that it has completed the process of moving its domicile from Singapore to India. The development comes ahead of its plans to launch an initial public offering (IPO) for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments...
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Oppo Enco Buds 2 Specifications Reportedly Revealed via Flipkart Listing, India Launch Date Tipped
The Oppo Enco Buds 2 have been reportedly spotted on Flipkart ahead of the expected launch of the true wireless stereo earphones in India. In addition, a tipster has suggested these TWS earphones could launch on August 25 and go on sale starting from August 27.
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Walmart's PhonePe Planning to Move Its Headquarters From Singapore to India
Walmart group digital payments firm PhonePe is planning to shift its headquarters from Singapore to India, according to a source privy to the development. When contacted, a PhonePe spokesperson confirmed the development. "We are in the process of moving our registered entity from Singapore to India," the PhonePe spokesperson said.
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Flipkart To Employ 70,000 In Supply Chain Operations This Year
Flipkart is likely to choose between Singapore, or the United States for the initial public offering (IPO).
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Flipkart Buys Back Shares Worth $350 Million From Investors To Become Private Limited Firm
Flipkart has bought back $350 million worth of shares from its investors as it seeks to convert its Singapore-incorporated company to a private firm
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Flipkart, eBay India Deal Gets Competition Commission Nod
Besides, the fair trade regulator has given nod to eBay Singapore's subscription of compulsorily convertible preference shares (CCPS) issued by Flipkart.
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India to Overtake US as World's Largest E-Commerce Market in Less Than 2 Decades: Study
Worldpay analysed 30 markets around the world, including India, China, Hong Kong, South Korea, Singapore, and Australia in Asia-Pacific.
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Mukesh Ambani is Richest Indian for 9th Year in a Row: Forbes
Despite a dip of USD 4.7 billion in one year, industrialist Mukesh Ambani was today named India's richest for ninth year in a row with a net worth of USD 18.9 billion, while ecommerce giant Flipkart's founders made their debut on the country's top 100 rich list of the Forbes magazine.
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Bengaluru the Second Fastest Growing Startup Ecosystem in 2015: Compass
The Garden City moved four places up this year; other big cities to make an improvement in their rankings were New York, Austin, Singapore, Berlin and Chicago.
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Flipkart Files Application to Become Public, Raises $700 Million
Flipkart said the funds raised will be used towards long-term strategic investments in India and to build a world-class technology company, delivering superior customer experiences.
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Nokia, Vodafone top Nielsen consumer rankings
Nokia and Vodafone have emerged on top in the latest Nielsen consumer rankings in the country, which ranked brands in six lifestyle categories. E-commerce site Flipkart also shares the top honours, ahead of Amazon and mobile messenger application WhatsApp.
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Walmart-Backed Flipkart to Shift Base Back to India from Singapore
Flipkart will shift its holding company from Singapore to India as its parent Walmart aims to take the 17-year-old company public. Walmart is looking to list Flipkart and PhonePe in India over the next couple of years, Dan Bartlett, Walmart's executive vice president for corporate affairs, told Reuters last year.
-
Walmart Confirms It Paid Most of $1 Billion Tax to Move PhonePe Headquarters to India
Walmart said on Wednesday that it had paid the Indian government most of the $1 billion (roughly Rs. 8,300 crore) tax after it shifted the headquarters for PhonePe from Singapore to India. The US retail giant said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both firms.
-
PhonePe Announces Shift of Domicile From Singapore to India
PhonePe, a part of the Walmart-controlled Flipkart group, announced that it has completed the process of moving its domicile from Singapore to India. The development comes ahead of its plans to launch an initial public offering (IPO) for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments...
-
Oppo Enco Buds 2 Specifications Reportedly Revealed via Flipkart Listing, India Launch Date Tipped
The Oppo Enco Buds 2 have been reportedly spotted on Flipkart ahead of the expected launch of the true wireless stereo earphones in India. In addition, a tipster has suggested these TWS earphones could launch on August 25 and go on sale starting from August 27.
-
Walmart's PhonePe Planning to Move Its Headquarters From Singapore to India
Walmart group digital payments firm PhonePe is planning to shift its headquarters from Singapore to India, according to a source privy to the development. When contacted, a PhonePe spokesperson confirmed the development. "We are in the process of moving our registered entity from Singapore to India," the PhonePe spokesperson said.
-
Flipkart To Employ 70,000 In Supply Chain Operations This Year
Flipkart is likely to choose between Singapore, or the United States for the initial public offering (IPO).
-
Flipkart Buys Back Shares Worth $350 Million From Investors To Become Private Limited Firm
Flipkart has bought back $350 million worth of shares from its investors as it seeks to convert its Singapore-incorporated company to a private firm
-
Flipkart, eBay India Deal Gets Competition Commission Nod
Besides, the fair trade regulator has given nod to eBay Singapore's subscription of compulsorily convertible preference shares (CCPS) issued by Flipkart.
-
India to Overtake US as World's Largest E-Commerce Market in Less Than 2 Decades: Study
Worldpay analysed 30 markets around the world, including India, China, Hong Kong, South Korea, Singapore, and Australia in Asia-Pacific.
-
Mukesh Ambani is Richest Indian for 9th Year in a Row: Forbes
Despite a dip of USD 4.7 billion in one year, industrialist Mukesh Ambani was today named India's richest for ninth year in a row with a net worth of USD 18.9 billion, while ecommerce giant Flipkart's founders made their debut on the country's top 100 rich list of the Forbes magazine.
-
Bengaluru the Second Fastest Growing Startup Ecosystem in 2015: Compass
The Garden City moved four places up this year; other big cities to make an improvement in their rankings were New York, Austin, Singapore, Berlin and Chicago.
-
Flipkart Files Application to Become Public, Raises $700 Million
Flipkart said the funds raised will be used towards long-term strategic investments in India and to build a world-class technology company, delivering superior customer experiences.
-
Nokia, Vodafone top Nielsen consumer rankings
Nokia and Vodafone have emerged on top in the latest Nielsen consumer rankings in the country, which ranked brands in six lifestyle categories. E-commerce site Flipkart also shares the top honours, ahead of Amazon and mobile messenger application WhatsApp.
