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AIOVA demands regulatory body to monitor e-commerce marketplaces

E-sellers' representative body AIOVA has urged the Government to set up a regulatory body to monitor various e-commerce marketplaces and their policies towards merchants on these platforms.All India Online Vendors Association (AIOVA) has re-iterated its demand in the wake...

Flipkart offers employees US $125-129 for ESOPs

The offer from the Bengaluru-headquartered company comes close on the heels of US-based retailer Walmart buying close to 77 percent stake for roughly US $16 billion.One of the sources close to PTI said Flipkart will allow employees — present...

Flipkart-Walmart deal: Tax department plans this to ascertain tax liability

The tax department will seek share purchase agreement from Flipkart on the mega US $16 billion buyout by US retail giant Walmart to assess the tax liability and also to find out whether the GAAR provisions can be invoked,...

Walmart CEO Doug McMillon on how Flipkart-Walmart deal will benefit consumers

World’s largest retailer Walmart Inc has tried to assuage concerns around its US $16 billion takeover of Flipkart, saying the deal is good for the country as it will help create millions of jobs over time and help the...

CAIT might approach CCI over Walmart-Flipkart deal

The Confederation of All India Traders (CAIT) on Thursday said that it might approach the Competition Commission of India (CCI) to seek "a ban" on the Walmart-Flipkart deal after studying the metrics of the agreement.CAIT Secretary General Praveen Khandelwal...

Flipkart’s acquisition a blow to ‘Make in India’ campaign: CPI-M

The Communist Party of India-Marxist on Thursday came out strongly against global retail giant Walmart's proposed acquisition of India's largest e-tailer Flipkart saying it changes 'Make in India' campaign to 'Make for India'."The $16 billion acquisition by international e-commerce...

No change in operating processes after Walmart deal, says Flipkart CEO Kalyan Krishnamurthy

Flipkart's Chief Executive Officer Kalyan Krishnamurthy has reached out to sellers on its platform and sought to reassure that there will be no changes in the operating processes of the Bengaluru-based firm as a result of the US $16-billion...

Walmart-Flipkart US $16 billion deal: A 16-point fact sheet on how both companies entered India in 2007

The following are the highlights of the Indian e-commerce giant Flipkart, in which US-based Walmart has bought 77 percent stake for US $16 billion:- Sachin Bansal and Binny Bansal (not related) set up Flipkart in 2007 in Bengaluru. The...
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Reliance Retail Q1 profit rises 4.6 % to Rs 2,549 crore

The retail behemoth also recorded 18.87% increase in number of footfalls at its stores at 296 million in the...
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