Amazon is gearing up for a price war in the wake of confirmations about the Flipkart-Walmart acquisition deal. The American e-commerce giant is set to infuse its funds with fresh capital worth an eye-dropping $385.7 Mn (INR 2,600 Cr) into its Indian unit, Amazon Seller Services to rival Indian arch-enemy Flipkart, according to a Livemint […]
Sachin Bansal, Executive Chairman and co-founder of Flipkart is set to sell his entire 5.5% stake of his company to American brick-and-mortar giant Walmart as the acquisition of India’s largest tech company seems imminent. Three people close to the company reported the news which was subsequently shared on various platform. Indeed, Sachin Bansal might be […]
Indian e-commerce major Flipkart is all set to hold its 4-day mega sale event “Big Shopping Days” slated from May 13 to May 16. The company claims that customers will witness biggest deals and discounts of the year till date that will focus on making shopping affordable for all its customers through offers on debit […]
Flipkart is launching its very own servicing subscription programme along with the sale launch of the Asus Zenfone Max Pro M1, which went on sale at noon on Thursday and was sold out within minutes. The servicing subscription programme is currently available for the Asus smartphone currently but the leading e-commerce platform intends expand this […]
Flipkart, the Indian e-commerce giant came to terms with American brick-and-mortar mammoth, Walmart, to sell an equity stake of about 75% for $15 billion, according to a report from Bloomberg which cited anonymous sources. SoftBank, the Japanese multinational conglomerate holding company that holds 20% stake in the e-commerce business agreed to sell its shares of […]
The Income Tax Appellate Tribunal (ITAT) rejected Indian tax authorities decision on Flipkart to pay INR 110 crores on the discounts offered by Flipkart in their capital expenditure account. As per the law, the tax authority targeting and demonstrating how e-commerce companies asked for tax exemption from earnings generated through discounted products, which deduct their taxable […]
India’s leading e-commerce company, Flipkart has come with a big announcement on Tuesday. It had already hinted a mega device launch in partnership with a mobile company a few days back. Today, it announced an exclusive partnership with Taiwanese smartphone manufacturer, Asus. In the big announcement that took place Tuesday afternoon, Flipkart informed about its […]
The income-tax department demanded Flipkart to classify its marketing expenses and discounts as capital expenditure and therefore asked the E-commerce giant to pay the sum of Rs 110 crore as tax demand for the financial year 2015-16 due to a reclassification order on how startups are taxed. However, Flipkart does not look likely to give […]
Indian e-commerce Flipkart set up a new 8.3 lakh sq ft campus in Embassy Tech Village in Bengaluru as part of its Better together theme. The new campus has a seating capacity of over 7,300 people. Flipkart has around 7,600 employees, including warehouse, logistics team. About 6,800 employees would operate out of the new campus […]
MakeMyTrip, the online travel company and Flipkart, the e-commerce marketplace announced on Thursday that it would begin a partnership intended for the travel services market. MakeMyTrip owns several branches such as Goibibo and redBus, and will use the large client base of over 100 Million registered users of Flipkart to increase the its online travel […]
Walmart Stores Inc. is set to become Flipkart’s largest shareholder as negotiations are being finalized. Walmart could buy around 20-26% stakes in the Indian company and improve its shareholding rights to 51% in tranches, according to reports. India’s biggest online retail company, Flipkart is luring the world’s largest brick-and-mortar retailer in its ranks before yet […]
American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores- Walmart is actively looking to invest in Indian e-commerce giant Flipkart and is willing to pay billions for as much as 20 percent stake. Walmart is the world’s biggest retailer and if it invested in the Indian unicorn, it […]