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FLIPKART WALMART TRANSACTION
Curefoods follows Flipkart, PhonePe to delay IPO plan amid choppy marketsCloud kitchen platform Curefoods has postponed its Rs 800 crore IPO plans after Sebi approval, as mutual funds resisted its Rs 4,000 crore ...- FEMA case against Myntra closed following compounding: EDMyntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no o...
- H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...
- Flipkart revamps Shopsy to take on Meesho, Amazon Bazaar in value commerce segmentShopsy has over 450 million app downloads and delivers across more than 20,000 pin codes, but did not disclose its annual transacting users...
- West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- Kirana stores see dip in business as consumers shift to quick commerce: ReportConsumers are increasingly turning to quick commerce for everyday needs, leading to a reduced reliance on traditional kirana stores, a Gran...
- I-bank Wolet files $800k suit over Flipkart’s Upstream BuyInvestment bank said it identified Israeli startup Upstream Commerce as a potential target and worked on the acquisition, but Flipkart refu...
- Walmart to help Flipkart leverage its global scaleThe company reiterated that the change in earning guidance, which was notified when the Flipkart transaction was announced, is driven only ...
- Tencent’s consent key to future Flipkart share saleFlipkart investors can sell shares to Alibaba only if Tencent is notified of the transaction in detail at least five business days ahead.
- CAIT moves NCLAT against Walmart-Flipkart deal“The CCI acknowledged (in its order) that a small number of sellers have been accounting for substantial sales on Flipkart.”
- Walmart to take longer to close Flipkart dealWalmart has given itself time till June 7, 2019, to close the deal, failing which it will have to repay a significant portion of the bond i...
- E-commerce vendors write to CCI on Flipkart-Walmart deal“Walmart has considered the B2B market of pan-India as the relevant market of the proposed transaction,” read the letter, seen by ET.
- All details in, taxmen begin solving the Walmart-Flipkart tax riddleI-T dept had written to Flipkart, prior to the deal’s announcement, seeking details of the transaction to examine the tax implications of t...
- Walmart may put $ 3 billion more in Flipkart, take over 85% stakeThe price at which Walmart bought Flipkart stake has not been disclosed, and different tranches could have been purchased at different pric...
- Walmart can invest $3 billion more in Flipkart at same valuationBentonville-headquartered Walmart said earlier this week it would invest $16 billion in Flipkart for a 77% stake, making it the world's big...
- Walmart can invest another $3 billion in Flipkart at the same valuationWalmart's additional $3 billion investment will up its shareholding by 10-12 per cent.
- Indian e-commerce market sees M&A deals worth $2.1 bn in 2017In the January-April 2018 period, six transactions worth USD 226 million were seen, according to the data.
- Amazon rolls the dice for a chance to lift FlipkartAmazon begins talks, looks to counter rival Walmart’s bid to gain foothold in market.
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