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Walmart expects ‘timely approval’ for Flipkart deal

Walmart expects timely approval from authorities for its US $16 billion deal to acquire Flipkart, a top company official said.According to a PTI report: The company is awaiting approval from fair trade regulator CCI, where its mega deal to...

Uttar Pradesh government in discussion with Flipkart to sell Khadi products

After foraying into online space with Amazon India, the Uttar Pradesh government is in discussion with another e-tail giant Flipkart to sell Khadi products."After the successful sale of various Khadi products on amazon.in, (the) UP government is in talks...

Partnership with Flipkart to provide marketplace for thousands of suppliers: Walmart India

Cash-and-carry major Walmart India on Monday said that its partnership with e-commerce giant Flipkart will provide thousands of local suppliers and manufacturers access to consumers through the marketplace model.Walmart India's statement comes on a day, when traders across the...

E-commerce companies cash in FIFA World Cup fever

Indians usually 'bleed blue' with cricket fever, but the ongoing FIFA World Cup has the nation donning yellow, green, red and white as Indian supporters cheer for their favourite teams in the team jerseys.According to a PTI report: Sale...

Walmart deal will be cancerous to retail trade, says CAIT

The Walmart-Flipkart deal will be cancerous for the Indian retail industry, the Confederation of All India Traders (CAIT) has said in a letter to Finance Minister Piyush Goyal.According to a PTI report: CAIT said that its letter has also...

CAIT threatens nationwide agitation over Walmart-Flipkart deal

Retail trader body Confederation of All India Traders (CAIT) has threatened nationwide agitation if the government clears US $16 billion Walmart-Flipkart deal."Since last five years we are knocking the doors of the government for bringing reforms in e-commerce but...

Competition Commission of India may suggest structural changes in Walmart-Flipkart deal

Fair trade regulator CCI might recommend structural changes to the proposed US $16 billion Walmart-Flipkart deal to address possible competition concerns, according to officials.According to a PTI report: The Competition Commission of India (CCI) might also take cues from...

Flipkart’s ecosystem true advantage to Walmart: Official

Walmart believes Flipkart's 'ecosystem' of businesses, including Myntra-Jabong and PhonePe which are part of its mega US $16 billion deal with the Indian company, could be a true advantage for the US-based retail giant.According to a PTI report: Judith...

Commerce ministry forwards complaint of FDI policy violation by e-comm companies to ED, RBI: CAIT

Traders' body CAIT on Thursday said the commerce and industry ministry has forwarded its complaint with regard to violation of FDI policies by e-commerce firms to the RBI and Enforcement Directorate (ED) for necessary action."Enforcement Directorate and Reserve Bank...

India’s e-commerce market continues to surge: eMarketer

Retail e-commerce sales in India will climb 31.0 percent this year to reach US $32.70 billion, according to eMarketer’s latest forecast. That growth rate will trail only China and Indonesia in Asia-Pacific.This growth has been enabled in part by...
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Reliance net profit falls 5% in Q1 on weak O2C business

The consolidated net profit of Rs 15,138 crore, or Rs 22.37 per share, in April-June was compared to Rs...
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