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Income tax department searches offices of Flipkart unit, Swiggy on alleged tax-evasion charges
By Reuters | Posted by Arpan Rai | Bengaluru
PUBLISHED ON JAN 08, 2021 01:54 PM IST
The searches began on Wednesday at Swiggy and Instakart’s offices in the southern city of Bengaluru, the sources said.
Flipkart, Swiggy face tax survey
By Tarush Bhalla and Gireesh Chandra Prasad | Hindustan Times, Bengaluru/New Delhi
UPDATED ON JAN 08, 2021 12:00 AM IST
The tax department is also questioning some employees of Swiggy for suspected tax evasion by one of its vendors.
Why Flipkart, Swiggy are under IT scanner. All you need to know
By hindustantimes.com | Edited by Poulomi Ghosh | Hindustan Times, New Delhi
UPDATED ON JAN 07, 2021 11:05 PM IST
The Directorate General of GST Intelligence has reported some GST invasion in both their accounts. Both the companies have issued statement saying they have complied with all tax and legal mandates.
Flipkart Wholesale app logs 75% month-on-month growth in customer base
By Press Trust of India | Posted by Srivatsan K C | New Delhi
PUBLISHED ON DEC 28, 2020 07:48 PM IST
Encouraging trends have emerged from retailers in small towns who have opted for e-commerce as a preferred mode to do business at ease, the statement said, adding that one in every five customers on Flipkart Wholesale is from Tier 2 or Tier 3 cities.
Flipkart gets new directors ahead of IPO
By Madhurima Nandy | Livemint, Bengaluru
UPDATED ON DEC 25, 2020 05:21 AM IST
Keki Mistry, vice-chairman and chief executive of mortgage lender Housing Development Finance Corp. Ltd (HDFC); Walmart’s chief technology officer Suresh Kumar; and Leigh Hopkins, executive vice-president of strategy and development for Walmart International, will also join Flipkart’s board.
Books on Hero, Flipkart, HDFC in race for Gaja Capital Prize
By Press Trust of India | Posted by Jahnavi Gupta | New Delhi
UPDATED ON DEC 09, 2020 07:14 PM IST
Books on HDFC Bank’s digital revolution and the journeys of Flipkart, BigBasket and Hero are among the six works shortlisted for the Gaja Capital Business Book Prize 2020.
Walmart begins work on $10 billion Flipkart listing
By Anirudh Laskar | Livemint, Mumbai
UPDATED ON DEC 07, 2020 05:04 AM IST
The Bentonville, Arkansas-based Walmart is planning to sell around 25% in India’s largest online retailer, the people said, requesting anonymity.
Flipkart announces spin-off of PhonePe, to remain majority shareholder
By Reuters| Posted by Mallika Soni | Bengaluru
PUBLISHED ON DEC 03, 2020 01:21 PM IST
PhonePe, which competes with Alibaba-backed homegrown payments pioneer Paytm and GooglePay, will raise $700 million in primary capital, Bengaluru-based Flipkart said in a statement.
Artisans, weavers, and handicraft makers celebrate India’s heritage through a successful festive season with Flipkart
By Asian News International | Posted by Jahnavi Gupta | Bengaluru (Karnataka) [India]
UPDATED ON NOV 22, 2020 01:33 PM IST
This year’s festive season has been extra special for artisans, weavers and handicraft makers across the country as they catered to the growing consumer demand for indigenous products, crafted to bring the rich culture of India to life.
Flipkart acquires augmented reality firm Scapic to enhance user experience
By Press Trust of India | Posted by Karan Manral | New Delhi
UPDATED ON NOV 17, 2020 12:33 PM IST
Though Flipkart did not disclose the financial details of the deal, in a statement, the company said that through the acquisition, it would acquire a 100% stake in Scapic.
Yash-Roohi Johar’s critical review Karan Johar’s ‘The big thoughts of little Luv’ is all we need to brush aside Monday blues
By Zarafshan Shiraz | Hindustan Times, Delhi
UPDATED ON NOV 09, 2020 02:10 PM IST
Watch: Twins Yash and Roohi Johar have a critical reaction for their dad Karan Johar’s illustrative parenting book, The big thoughts of little Luv and it is too cute to miss
Flipkart fashions new front in Amazon fight
By Suneera Tandon and Tarush Bhalla | Hindustan Times, New Delhi/Bengaluru
PUBLISHED ON OCT 24, 2020 06:06 AM IST
Both Flipkart and Amazon are buying minority stakes in offline multi-brand retailers to strengthen their presence in the brick-and-mortar segment, where foreign investment is restricted to 49%.
Amazon open to help out Future Group
By Anirudh Laskar | Hindustan Times, Mumbai
UPDATED ON OCT 23, 2020 04:27 AM IST
They said Amazon, which holds a 49% stake in Future Coupons Pvt. Ltd, had earlier informally helped Kishore Biyani-founded Future Group get new strategic partners and large institutional investors to help it with its debt crisis. Both people spoke on condition of anonymity.
Demand for credit, EMI services soars
By Tarush Bhalla | Livemint, Bengaluru
UPDATED ON OCT 21, 2020 06:19 AM IST
In the first 24 hours of its ‘Great Indian Festival’ sale, Amazon India disbursed over Rs 600 crore of credit to customers through its ‘Pay Later’ offering. The e-commerce major said 3 out of 4 equated monthly instalment (EMI) shoppers were from Tier 2 and Tier 3 cities.
This festive season, go for these electronic essentials on Flipkart for comfort, entertainment, and productivity
UPDATED ON OCT 19, 2020 09:58 PM IST
From earbuds to tech wearables, from teenagers to elders, Flipkart has something for everyone.
Govt issues notices to Amazon, Flipkart over country of origin
By Reuters | Mumbai
PUBLISHED ON OCT 18, 2020 06:01 AM IST
The two e-commerce firms have been given 15 days to explain the lapses or action will be taken against them, according to an October 16 letter addressed to the companies from the Union ministry of consumer affairs.
Online, offline retail converge to bind fortunes in festive season
By Tarush Bhalla and Suneera Tandon | Livemint, Bengaluru/New Delhi
PUBLISHED ON OCT 17, 2020 07:49 AM IST
Millions of offline outlets, ranging from big chain stores to small neighbourhood ones, are participating in the ongoing Flipkart’s Big Billion Days (BBD) and Amazon’s Great Indian Festival. The old adversaries have formed new partnerships to offer shoppers a wider selection of products at attractive prices.
Amazon, Flipkart receives govt notice for showing products without mandatory information
By Press Trust of India | Posted by Deepali Sharma | New Delhi
PUBLISHED ON OCT 16, 2020 09:16 PM IST
Notices have been issued by the Ministry of Consumer Affairs, Food and Public Distribution to Flipkart, Amazon and others to ensure that all mandatory declarations are displayed on the digital and electronic network used for ecommerce transactions.
Flipkart’s ‘Big Billion Days’ and Amazon’s ‘Great Indian Festival’: Here’s how to avail additional discounts
By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON OCT 16, 2020 09:38 AM IST
Both Flipkart and Amazon have tied up with banks and financial institutions to make various products available for their customers at cheaper rates.
Flipkart signs MoU wit Jammu & Kashmir administration to for sale of handicraft products
By Ashiq Hussain | Hindustan Times, Srinagar
PUBLISHED ON OCT 15, 2020 04:58 PM IST
The handicraft sector is the mainstay of Jammu & Kashmir’s economy after agriculture and horticulture. According to the handicrafts department, over 500,000 artisans and weavers are associated with the sector. As many as 230,000 of them are registered with the department
Flipkart bolsters partnerships with banks, NBFCs ahead of festive season
By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON OCT 14, 2020 02:03 PM IST
Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options, a statement said.
Flipkart tells Nagaland customer no service outside India. Then apologises
By Utpal Parashar | Hindustan Times, Guwahati
UPDATED ON OCT 09, 2020 10:33 PM IST
According to a report in Dimapur Today, the company made the faux pass in a recent reply to a customer from Nagaland who asked the company why it was not delivering goods to the northeastern state.
Walmart looking at up to $25 billion investment in Tata Group’s ‘super app’
By Reuters | Bengaluru
PUBLISHED ON SEP 29, 2020 10:26 AM IST
According to ongoing discussions between the two companies, the super app could be launched as a joint venture between Tata and Walmart, leveraging on the synergies between Tata’s e-commerce business and Flipkart, Walmart’s e-commerce unit, according to the report.
Flipkart may list overseas by 2021
By Madhurima Nandy and Tarush Bhalla | Livemint, Bengaluru
UPDATED ON SEP 17, 2020 05:00 AM IST
Flipkart would look at an overseas listing, either in the US, where its parent Walmart Inc. is based, or another country, the person said on condition of anonymity. Walmart had in 2018 acquired a majority stake in Flipkart for $16 billion, valuing the Bengaluru-based company at $21 billion.
Recover fine from Amazon, Flipkart for excessive plastic packaging, NGT tells CPCB
By Press Trust of India | Posted by Shankhyaneel Sarkar | New Delhi
PUBLISHED ON SEP 12, 2020 02:49 PM IST
The CPCB has earlier told the NGT that e-commerce giants need to fulfil their extended producer responsibility under the Plastic Waste Management Rules, 2016.
Amazon faces new antitrust challenge from Indian online sellers: Report
By Reuters | Posted by Kanishka Sarkar | New Delhi
UPDATED ON AUG 26, 2020 09:31 PM IST
In the latest case, the All India Online Vendors Association, members of which sell goods on Amazon and Flipkart, allege Amazon engages in unfair business practices.
Govt to discuss GI tags with online retailers
By Tarush Bhalla | Mint, Bengaluru
UPDATED ON AUG 19, 2020 07:05 AM IST
The government will discuss with e-commerce platforms the training and orientation of sellers of GI products for their listing, shipping as well as exports.
Flipkart gross merchandise value exceeds pre-Covid-19 level: Walmart
By Press Trust of India | Posted by Kanishka Sarkar | New Delhi
UPDATED ON AUG 18, 2020 11:58 PM IST
After the lockdown was imposed in India from March 25 by the government to curb the pandemic, e-commerce majors have to struggle as their supply chains were disrupted and were able to recover after almost two months.
Offering a flagship experience like no other, OPPO Reno4 Pro all set to go on sale starting Aug 5
By Partnered Feature, HT Brand Studio
UPDATED ON AUG 04, 2020 06:28 PM IST
The smartphone, which packs a punch, has been priced at Rs. 34,990.
Walmart’s Flipkart to offer 90-minute deliveries in India
By Reuters| Posted by Susmita Pakrasi | Bengaluru
PUBLISHED ON JUL 28, 2020 01:59 PM IST
Flipkart said its hyperlocal service, dubbed Flipkart Quick, will also sell mobile phones and stationery items, taking it a step further than Amazon’s quick-delivery service that mainly offers just groceries.