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PTI
September 16, 2018
As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.


PTI
September 2, 2018
As per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian authorities on the seventh day of the subsequent month, which falls on September 7.


BusinessToday.In
August 31, 2018
The buzz is that the Income Tax department stands to make a whopping $2 billion from the $16 billion Walmart-Flipkart deal.


BusinessToday.In
August 10, 2018
The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.


BusinessToday.In
New Delhi, August 8, 2018
In this round of investment, some early employees of Ola, including Rehan Yar Khan and VC investors like Accel India, Bessemer Venture Partners, Texiforsure founders Aprameya Radhakrishna and Raghunandan G, etc, will sell some of their shares in Ola.


BusinessToday.In
New Delhi, August 1, 2018
According to the company, the latest cash infusion will be used to further expand its global footprint and continue investment in its integrated SaaS platform.


BusinessToday.In
July 9, 2018
In an emotional post on Facebook after the Walmart deal was announced, Sachin had written \"Sadly my work here is done and after 10 years, it's time to hand over the baton and move on from Flipkart.\"


E Kumar Sharma
New Delhi, June 19, 2018
It wants to focus on India and other emerging markets, while at some stage, perhaps sometime in 2019, it may also look at a foray into the US market. It already has an office in Boston and is scouting for a partner in the US.


PTI
New Delhi, June 3, 2018
The tax department is currently studying the details received from Flipkart, said an official, adding that they can issue notices seeking details of taxes withheld once the transactions are completed.


BusinessToday.In
New Delhi, May 31, 2018
The deal is getting heightened scrutiny because of the different types of taxes applicable on it as well as the ambiguity created by last year's changes to applicable bilateral tax treaties.


BusinessToday.In
New Delhi, May 28, 2018
Acko can possibly leverage on the shopping patterns of a consumer on Amazon and accordingly suggest insurance products.


PTI
May 27, 2018



BusinessToday.In
New Delhi, May 11, 2018
Ashish Gupta, an IIT-Kanpur alumnus who also won President's Gold medal at the prestigious institute, is known as a smart and witty angel investor in the venture capitalists circles. He doesn't believe in making many angel investments but when he does, they turn into 'gold'.


BusinessToday.In
New Delhi, May 11, 2018
While short-term capital gains tax in the hands of foreign investors is 40 per cent, long-term capital gains tax is levied at 20 per cent for shares sold after 24 months of purchase.


BusinessToday.In
May 10, 2018
Four of Flipkart's biggest investors had agreed to sell their stakes to Walmart, but the newest and biggest investor, SoftBank, which invested $2.5 billion in the company, will take away a bigger pie - $4 billion - out of the mega-deal.


Goutam Das
New Delhi, May 9, 2018
The Walmart deal is a sign things are changing. Flipkart's Japanese investor SoftBank has exited selling 20 per cent of its stake. Co-founder Sachin Bansal has exited as well. The 23 per cent remaining stake in Flipkart will now be held by co-founder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp.


BusinessToday.In
New Delhi, May 9, 2018
Sachin and Binny Bansal met each other for the first time in 2005 in IIT Delhi.


BusinessToday.In
New Delhi, May 2, 2018
Walmart's entry could also significantly shake up things for Flipkart's board.


BusinessToday.In
April 17, 2018
The report added that Sachin Bansal and Binny Bansal, the co-founders of the Bangalore-based company, may also sell a part of their stake. These six shareholders collectively hold more than 55 per cent of Flipkart. Walmart would reportedly grab close to 50% ownership if it acquires the stakes of the investors it has reached agreement with.


BusinessToday.In
April 12, 2018
The Flipkart-Walmart deal is reportedly at its last leg, and may even close by the end of June. If things go to plan, the US retail behemoth will emerge as the desi unicorn's largest shareholder.


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