In India, Amazon currently offers some groceries via a service named Pantry. It has also tied up with local vendors in four cities for Amazon Now, which promises two-hour deliveries.

Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday.

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.

A deal with Flipkart would step up Walmart's battle with Amazon.com for a bigger share of India's fledgling e-commerce market, which Morgan Stanley estimates will be worth $200 billion in a decade. Local media have reported that Amazon is exploring a possible counter offer for Flipkart.

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.

Tata Group may not bid for Air India as terms not favourableTata Group is unlikely to consider a bid for Air India as the government's terms are just too onerous, Reuters reported today. The report suggests three terms - merger with existing airline, job security of staffs and ownership of debts - that may have deterred the Tata Group from buying the national carrier. Tata Group till few months ago was seen as a potential bidder for the national airline. Last month, the government...

The US e-commerce major is keen on buying Flipkart at a time when it is closing in on a $21-billion deal with US retail giant Walmart Inc.

As the market is abuzz with the talk of a possible merger between the two e-commerce giants in the country, Flipkart and Amazon, the question that is raging now is whether the merger, if at all it happens, would get the nod from the Competition Commission of India (CCI).

E-way bill rollout is going well as nearly 1.7 million e-way bills were generated for inter-state goods since its launch on April 1; Amazon may propose a counter bid to a possible Flipkart-Walmart deal, but a Flipkart-Amazon deal is next to impossible in the Indian context and China has announced its own list of $50 billion worth of US goods in a possible retaliation to similar US measures announced against Chinese products. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

While the Nokia 8 Sirocco is the most premium offering from HMD Global so far, the Nokia 7 Plus and Nokia 6 have been placed at different price points in the mid-range segment.

The intense rivalry between the two e-tailers has been good for the consumers thanks to the discounts, but tough on both their bottomlines.

Several systemic loopholes led to PNB loan fraud, says ICAI panelA high-power group, constituted by the Institute of Chartered Accountants of India (ICAI) to look into the PNB loan fraud case, has found systemic failure at many levels that led to the fraud in the first place and then failed to detect it for a long time. The group found that Nirav Modi's company was granted loan despite his company having only current account with the Brady House branch of the bank. \"When there is...

Most jobs are in the data science and analytics team in order to push its AI-for-India programme and also counter; Flipkart had cut down its hiring drive in 2016

The long-standing rumour of a tie-up between Flipkart and the US retail behemoth Walmart Stores Inc is getting louder. In fact, negotiations between the two companies are reportedly in the final stages now, with the latter having wrapped-up its due diligence process.

Who are forced to deal with the ugly consequences of the Rs 11,400 crore PNB scam by Nirav Modi, Mehul Choksi? What fresh bad news is hounding Singh brothers in the Daiichi case? And why Walmart entering Indian retail sector is good? BusinessToday.in Editor Rajeev Dubey elaborates in this episode of The Good, The Bad, and The Ugly.

Will the Indian modern retail industry sooner or later be dominated by global giants such as Walmart, Amazon and Alibaba? It looks like they are aggressively doing ground work to spread their wings in India.

Walmart is negotiating for more than a 30 per cent stake in Flipkart, but it might have to settle for a 20 per cent stake.

Amazon is also the only global company to have applied for the food-only retailing segment.

The world's largest retailer, Walmart Inc, is eyeing a stake of over 40% in India's e-tailing poster child, Flipkart, and is reportedly willing to shell out as much as $10 billion for it.

American retail giant Walmart may be planning to take a piece of India's ecommerce pie. The multinational chain which operates hypermarkets chains and department stores is reportedly eyeing a large stake in online marketplace Flipkart, and may offer to double the valuation of Flipkart to about $20 billion.