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Sunday, Jul 21, 2019
news about Walmart
Jul 16, 2018 10:11
Over the past three months, both Flipkart and Amazon have apparently reduced spending on Google by more than 30% compared with the months before. read more
Jul 13, 2018 14:30
In May, the I-T department had written to Bentonville-Arkansas-based Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (2) of the I-T Act. read more
Jul 05, 2018 18:01
At the RIL AGM, Mukesh Ambani said the e-commerce effort will involve the group’s Reliance Retail Ltd. and Reliance Jio Infocomm Ltd. businesses read more
Jun 21, 2018 12:20
Just a week before Walmart announced its plans for a stake in Flipkart, it agreed to sell a controlling stake of its of its British business, Asda, to a competitor for $10 billion. read more
Jun 04, 2018 15:34
Walmart India has been piloting its Mera Kirana programe over the past four years and now wants to make it part of its mainstream business. read more
May 29, 2018 14:09
In the Starbucks Philadelphia incident, Rashon Nelson and Donte Robinson were asked to leave after one was denied access to the bathroom in the cafe. read more
May 24, 2018 07:28
Flipkart tried hard to raise money locally but was ridiculed and turned away, leaving only the foreign giants to rescue it. This pattern will repeat itself until India’s investors realise that the best opportunities are not in Silicon Valley but at ... read more
May 22, 2018 23:41
Walmart had, on May 9, announced that it will pay about US $16 billion to buy about 77% stake in Flipkart read more
May 15, 2018 06:55
While current Flipkart employees will be allowed to encash their holdings fully over the next two years, former employees can only cash out 30% of their vested options and have to hold on to the rest for an undefined period. read more
May 14, 2018 11:44
Walmart Inc is buying a 77 per cent stake in Flipkart for about $16 billion, but it is yet to disclose financing plans. read more
May 13, 2018 12:58
To ascertain the exact tax liability, the revenue department will write to Flipkart seeking the share purchase agreement that the company had entered into with Walmart. read more
May 12, 2018 11:01
Walmart announced earlier this week that it will pay $16 billion for a roughly 77 percent stake in Flipkart in what is the US retail giant’s largest-ever deal . read more
May 11, 2018 14:35
Ashish Gupta has acquired a reputation of being a smart, low-key investor with a knack for picking winners. The first angel investor in Flipkart, he invested Rs10 lakh in 2009, and now stands to make $20 million out of the company’s deal with Walmart read more
May 11, 2018 13:09
SoftBank is yet to take a call on exiting Flipkart. The factors that hold key to the decision include the tax SoftBank has to pay on profits it would earn from such share sale, sources with direct knowledge of the matter said. read more
May 10, 2018 18:46
A round-up on how employees, founders, and investors in Flipkart will be impacted by its deal with Walmart read more