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PE/VC investments in April touch US $2.4 bn on large deals: EY
Private equity and venture capital investments in April were up 23 percent at US $2.4 billion, backed by large deals in sectors like e-commerce and life sciences, says an EY report.According to EY, there were 69 PE/VC deals in...
Retail
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...
Retail
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,...
Retail
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...
Retail
CAIT might approach CCI over Walmart-Flipkart deal
IANS -
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...
Retail
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...
Retail
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...
Retail
Walmart-Flipkart Deal: SoftBank yet undecided on selling stake in Flipkart
Japan’s SoftBank Group Corp has not yet decided to sell its 20-22 percent stake in Flipkart to US retailer Walmart Inc, sources with direct knowledge of the development told PTI.According to a PTI report: SoftBank’s Masayoshi Son will take...
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Ex-Zomato executive-owned F&B company Ninecamp Ventures raises Rs 16 cr seed funding
The proceeds will be allocated to enhancing the brand portfolio, acquiring prime real estate, recruiting talent, and investing in...
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