Walmart Flipkart Deal
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In A First, Flipkart Secures Approval For Direct Lending In India: Report
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
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ED Said to be Quizzing Apple, Xiaomi in E-Commerce Probe on Amazon, Flipkart
ED, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. The agency, in recent weeks wrote to smartphone companies, including Apple and Xiaomi, to get data related to their online sales.
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Zomato, Blinkit Said to Have Reached Merger Agreement in an All-Stock Deal
Zomato has reportedly reached an all-stock merger with Blinkit (formerly Grofers) that values the instant-delivery service between (roughly Rs. 5,350 crore) and $750 million (roughly Rs. 5,732 crore).
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Tata Digital Buys Majority Stake in BigBasket for Rs. 9,500 Crores to Rival Amazon, Flipkart
Tata Digital, a unit of Tata Sons, has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon, Walmart's Flipkart, and Reliance.
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Tata Group Looking for Stake in IPO-Bound Online Grocer BigBasket: Report
Salt-to-software conglomerate Tata Group is in talks with Indian online grocery startup BigBasket to buy a stake in the company, the Mint newspaper reported, citing people familiar with the matter.
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Reliance Denies Plans to Sell $20-Billion Retail Arm Stake to Rival Amazon
Reliance denied a report Thursday that it was planning to sell a $20-billion stake in its retail business to US rival Amazon in a deal that could upend the country's hugely lucrative e-commerce sector.
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Flipkart Big Shopping Days 2020 Sale Kicks Off From March 19: All the Top Offers Revealed So Far
Flipkart will host its Big Shopping Days 2020 sale later this week. The four-day sale will bring hundreds of deals on mobile phones, laptops, TVs, smart home products, and other electronics.
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Walmart Fires 56 India Executives Including 8 From Senior Management
Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...
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A Jeff Bezos-Mukesh Ambani Deal In The Works: Report
A potential partnership will help the duo counter Walmart, which last year invested $16 billion in Flipkart, in their battle for a bigger share of India's fast-growing e-commerce market.
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Walmart Said to Get $10-Billion Surprise After Buying Flipkart
When Walmart paid $16 billion for control of Flipkart it got a little-noticed digital payments subsidiary as part of the deal - PhonePe.
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Amazon's India Unit Sees 56% Rise In Export Merchants
Amazon is fighting with Walmart Inc's Flipkart for market share in the country, while dealing with constantly changing government rules
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Walmart May Exit Flipkart Due To New FDI Rules: Morgan Stanley
According to the report, Walmart-Flipkart saga might turn out to similar to what happened with Amazon in China in late 2017.
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"Consensual Affair," Found Probe Against Flipkart's Binny Bansal: Report
Binny Bansal, Flipkart CEO and co-founder, resigned after an investigation into allegations of sexual assault, dealing a blow to owner Walmart Inc.'s ambitions in the country. Mr Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said.
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Allegations Left Me Stunned, Flipkart's Binny Bansal Told Staff In Email
The chief executive of Walmart's Flipkart Group, Binny Bansal, is stepping down amid an investigation into "serious personal misconduct," the retailer announced Tuesday.
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Challenging Situation For Binny Bansal, Said Flipkart Internal Note
Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The U.S. retail giant completed its $16 billion purchase of the company in August in a deal that lifted Bansal's net worth to $1 billion.
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In A First, Flipkart Secures Approval For Direct Lending In India: Report
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
-
ED Said to be Quizzing Apple, Xiaomi in E-Commerce Probe on Amazon, Flipkart
ED, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. The agency, in recent weeks wrote to smartphone companies, including Apple and Xiaomi, to get data related to their online sales.
-
Zomato, Blinkit Said to Have Reached Merger Agreement in an All-Stock Deal
Zomato has reportedly reached an all-stock merger with Blinkit (formerly Grofers) that values the instant-delivery service between (roughly Rs. 5,350 crore) and $750 million (roughly Rs. 5,732 crore).
-
Tata Digital Buys Majority Stake in BigBasket for Rs. 9,500 Crores to Rival Amazon, Flipkart
Tata Digital, a unit of Tata Sons, has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon, Walmart's Flipkart, and Reliance.
-
Tata Group Looking for Stake in IPO-Bound Online Grocer BigBasket: Report
Salt-to-software conglomerate Tata Group is in talks with Indian online grocery startup BigBasket to buy a stake in the company, the Mint newspaper reported, citing people familiar with the matter.
-
Reliance Denies Plans to Sell $20-Billion Retail Arm Stake to Rival Amazon
Reliance denied a report Thursday that it was planning to sell a $20-billion stake in its retail business to US rival Amazon in a deal that could upend the country's hugely lucrative e-commerce sector.
-
Flipkart Big Shopping Days 2020 Sale Kicks Off From March 19: All the Top Offers Revealed So Far
Flipkart will host its Big Shopping Days 2020 sale later this week. The four-day sale will bring hundreds of deals on mobile phones, laptops, TVs, smart home products, and other electronics.
-
Walmart Fires 56 India Executives Including 8 From Senior Management
Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...
-
A Jeff Bezos-Mukesh Ambani Deal In The Works: Report
A potential partnership will help the duo counter Walmart, which last year invested $16 billion in Flipkart, in their battle for a bigger share of India's fast-growing e-commerce market.
-
Walmart Said to Get $10-Billion Surprise After Buying Flipkart
When Walmart paid $16 billion for control of Flipkart it got a little-noticed digital payments subsidiary as part of the deal - PhonePe.
-
Amazon's India Unit Sees 56% Rise In Export Merchants
Amazon is fighting with Walmart Inc's Flipkart for market share in the country, while dealing with constantly changing government rules
-
Walmart May Exit Flipkart Due To New FDI Rules: Morgan Stanley
According to the report, Walmart-Flipkart saga might turn out to similar to what happened with Amazon in China in late 2017.
-
"Consensual Affair," Found Probe Against Flipkart's Binny Bansal: Report
Binny Bansal, Flipkart CEO and co-founder, resigned after an investigation into allegations of sexual assault, dealing a blow to owner Walmart Inc.'s ambitions in the country. Mr Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said.
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Allegations Left Me Stunned, Flipkart's Binny Bansal Told Staff In Email
The chief executive of Walmart's Flipkart Group, Binny Bansal, is stepping down amid an investigation into "serious personal misconduct," the retailer announced Tuesday.
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Challenging Situation For Binny Bansal, Said Flipkart Internal Note
Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The U.S. retail giant completed its $16 billion purchase of the company in August in a deal that lifted Bansal's net worth to $1 billion.
