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PTI
September 22, 2018
The new store simultaneously got integrated with the B2B e-commerce platform, making it the 22nd Best Price store to go online.



September 21, 2018
New jobs rise to 11-month high of 9.51 lakh in July; 27 states, UTs on board to implement PM Modi's healthcare scheme from September 25; India to pay Iran in rupees for oil imports from November; Flipkart employees to turn millionaires after Walmart buys employee shares worth $800 million. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, September 21, 2018
New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...


BusinessToday.In
New Delhi, September 20, 2018
Flipkart has announced in a letter to current employees that they will be allowed to liquidate their ESOPs at $126-128 a unit - against $150 a unit as the reports had initially suggested.


BusinessToday.In
New Delhi, September 20, 2018
The instant credit facility is a part of Flipkart's strategy to drive its gross merchandise volume by \"15-20 per cent\" by launching affordability instruments in the next 24 months.


BusinessToday.In
New Delhi, September 19, 2018
Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost salesFlipkart is aiming at achieving 50 per cent of all smartphone sales during the upcoming festive month. Keeping the ambitious plan in mind, Flipkart has pumped in Rs 3,463 crore into its online marketplace, Flipkart Internet. This is the first biggest capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company. RCom to exit tele...


BusinessToday.In
New Delhi, September 19, 2018
This is the first capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


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.


BusinessToday.In
New Delhi, September 13, 2018
Govt approves procurement policy worth Rs 15,000 crore to ensure remunerative prices to farmers; RBI pulls back rupee from the brink by selling dollars; and Walmart and Flipkart employees can switch between companies. Watch this episode of Business Wrap.


BusinessToday.In
New Delhi, September 13, 2018
A Walmart spokesperson said that there is always a scope to move talent across different entities or geographies based on expertise.


BusinessToday.In
New Delhi, September 13, 2018
RBI pulls back rupee from the brink by selling dollarsThe rupee slumped to a historic low of 72.91 in morning trade on Wednesday forcing the RBI to sell US dollars in the market through public sector banks to bring the Indian currency back from the brink. The government also issued a statement that the rupee would not be allowed to crash to an unreasonable level which further bolstered sentiments and enabled the rupee to climb back to 72.18 vis-a-vis the US dollar at the end of th...


Mail Today Bureau
New Delhi, September 10, 2018
The policy faced backlash over its suggestions dealing with data localisation, curbing deep discounting which has been the mainstay of online retailers and Foreign Direct Investment (FDI) norms


PTI
September 8, 2018
Flipkart's investor would have to give \"written notice of at least five business days prior\" to Tencent for such transfer or sale of share, according to the share issuance and acquisition agreement filed by Walmart with the US Security and Exchange Commission.


BusinessToday.In
New Delhi, September 7, 2018
The company is also planning to invest heavily to promote its in-house labels such as MarQ (appliances like washing machines and ACs), Perfect Homes (furniture brand), SmartBuy (electronics and accessories), etc. Other offerings from Flipkart like flexible EMI option through both debit card and debit card and mobile protection services will drive in more sales.


BusinessToday.In
September 7, 2018
The National Company Law Appellate Tribunal (NCLAT) has asked US-based brick-and-mortar behemoth Walmart and its recent acquisition, Flipkart, to explain their business model in India.


BusinessToday.In
New Delhi, September 5, 2018
The New York-based hedge fund will now step up investments in India from its mega $3 billion fund called Tiger Global Private Investment Partners XI.


Reuters
New Delhi, September 4, 2018
None of India's other leading e-commerce portals - Flipkart, Snapdeal or Paytm Mall - currently have a local language version of their apps or websites.


BusinessToday.in
New Delhi, September 3, 2018
Wipro wins biggest ever contract, over $1.5 billion; income tax dept to wait till September 7 for Walmart to pay tax on Flipkart deal; IKEA's Veg Biryani came with a worm, company fined; Mauritius tops India's FDI charts again in FY 2018; and government plans exam for aspiring independent directors to bolster corporate governance. Watch this episode of Business Wrap.


BusinessToday.in
New Delhi, September 3, 2018
Wipro wins biggest ever contract, over $1.5 billionIndian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services as reported by Reuters. Wipro would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance.The deal is expected to be completed in the quarter ending September.  Income Tax dept to wait til...


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