February 15th, 2019
Infibeam Avenues Thursday said its net profit grew manifold close to $4 million (Rs 26.6 crore) during the December 2018 quarter from the year-ago period.
The net profit stood at Rs 1.9 crore in the October-December 2017 period, Infibeam said in a statement.
The company's total revenue more than doubled to Rs 150.3 crore in the...
October 7th, 2018Walmart acquired India's e-commerce platform Flipkart said it's foraying into the insurance segment after securing a corporate agent license.
To begin with, Flipkart has partnered with Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone...
August 19th, 2018US-based retail giant Walmart has now completed the deal with Flipkart to hold its 77 percent stake. After the closure, Flipkart's future financial activities will be reported by Walmart International Business.
Besides the acquisition part, Walmart also infused USD 2 billion of equity funding in Flipkart business.
In the press...
