The Flipkart group has the horizontal e-commerce platform, of course, but also owns the fashion platforms, Myntra and Jabong

Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.

The mega deal, announced in May this year, is the largest so far in the Indian retail space. This is also Walmart's biggest acquisition and will help it compete more aggressively with its US-based rival Amazon.

The policy will be the latest in a series of proposals that seek to spur data localisation in India, as the government finalises an overarching data protection law.

The maker of Reva, India's first electric car, Chetan Maini and Uday Khemka's SUN Mobility has joined hands with American tech giant Microsoft to build a smart network to effectively deploy its universal energy infrastructure.

China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APT...

Facebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday.

Long before food tech became a catchword, Sandipan Mitra, Co-founder and CEO of HungerBox, a business-to-business (B2B) food tech start-up, started an online food ordering company in 2007 and named it HungryBangalore.com.

Minority investors holding 60 percent of Flipkart's shares \"acting together, may require Flipkart to effect an initial public offering\" (IPO) four years after the close of the Walmart-Flipkart transaction, the Arkansas-based retailer said in a regulatory filing.

Ravi Venkatesan has resigned as an independent director from Infosys, the first board-level departure since Nandan Nilekani took over the chairmanship of the IT major more than eight months back.

Amongst the ones turning millionaires are Sameer Nigam, CEO and founder of PhonePe, and Amod Malviya, former Chief Technology Officer.

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.

Building Flipkart into one of the world's most-valued tech companies will certainly be one of Sachin's legacies, says Binny Bansal.

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.

On Wednesday, US retailer giant Walmart Inc acquired 77% stake in home-grown Flipkart for USD 16 billion.

Just hours after announcing Walmart's acquisition of Flipkart in the biggest e-commerce deal in the history, Walmart President and CEO, Doug McMillon sent out his remarks to Flipkart employees saying that the acquisition was the best decision they have ever made.

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.

Walmart CEO Doug McMillon has said that the Flipkart-Walmart deal will create around 10 million jobs in India. This includes both direct and indirect jobs.