September 20th, 2018After the Flipkart-Walmart deal, many steps have been taken by Walmart in favor of the merger. This time the company has planned to purchase from Flipkart employees ESOPs worth nearly $800 million. The worth of Flipkart’s total Esop is about $1.5 billion based on the per-share purchase price.
Flipkart announced to its current...
September 18th, 2018Soon after the Walmart-Flipkart deal, four senior leaders from the US retail giant have been appointed at the Flipkart Group level. The four senior leaders will make the transfer by October.
The executives that are supposed to make the transfer are Walmart's M&A head Emily McNeal, who will join the Flipkart Group as senior vice...
September 17th, 2018One of the largest retail player Walmart has reportedly paid Rs 7,439 crore tax on the payments the company made to acquire the shares of 10 major shareholders of Flipkart. Various shareholders of Flipkart including the major ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.
On the...
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...
August 6th, 2018The multinational retail corporation Walmart has planned to hire around 1,000 employees for the technology space in India. The world’s largest retail company is lately focusing on technology to give a tough competition to the other predominant e-commerce players including Amazon.
At present, the company has its technology...
July 28th, 2018The multinational retail corporation Walmart is seeing Uttar Pradesh as a major source of recruitment. The company is seeking to offer at least 30,000 local jobs by setting up 15 stores in the state.
Walmart India at present operates four Cash and Carry stores in UP and had recently launched a fulfillment center (FC) in Lucknow,...
July 23rd, 2018US-based multinational retailing corporation Walmart is planning to open nearly 30 new wholesale cash-and-carry stores in the next three years in India, basically in Uttar Pradesh (UP) and Uttarakhand, mentioned by the top company official.
Walmart India, the wholly owned subsidiary of Walmart Inc, has inaugurated its second B2B...
June 20th, 2018The popular online retailer Amazon is now making efforts to focus more on making its position strong in the Indian market after the Walmart-Flipkart deal. Amazon is all set to compete with its rival by reducing its seller fees and melding the operations in India more firmly with its American headquarters for the approaching Prime Day...
June 11th, 2018The Indian retailer body known as Retail trader body Confederation of All India Traders (CAIT) has threatened nationwide agitation if the Indian government clears $16 billion Walmart-Flipkart acquisition deal.
The US-based retailer Walmart acquired 77% stake in Flipkart in its biggest takeover in the history till date. The deal values...
June 7th, 2018E-commerce giant Amazon is loading cash to its digital wallet for customers in India as it is actively pushing to deepen its footprint in the country battling competition from rivals-Alibaba and Walmart.
A letter dated June 5 issued to customers, which also marked the fifth anniversary of launch in India, Jeff Bezos, Amazon founder...
June 6th, 2018Premji Invest, the family office of Wipro Head Ajim Premji is eyeing to invest $250 million in the holding company of Kishore Biyani's Future Group. According to a report published in leading daily, Premji invest can pick up 6 percent stake sale in Future Retail at a time when the market is already buzzing discussions over Amazon to pick...
June 5th, 2018The American Multinational Retail Corporation Walmart Inc. has announced to sell the majority of its stake that is 80% stake in its Brazilian business operations to a private equity company Advent International Corp. decreasing its existence in countries where it is battling and struggling for profitability.
Walmart is a US-based...
