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Total 23 results found. Search for [ walmart acquires flipkart ]

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PTI
New Delhi, May 17, 2019
Spencer's Retail will acquire Nature's Basket's entire share capital comprising 44,58,30,000 fully paid-up equity shares of Rs 10 each.


BusinessToday.In
New Delhi, December 27, 2018
Biyani says it is now clear that the online marketplaces will have no option but to stick to just linking buyers and sellers on their platforms.


P.B. Jayakumar
New Delhi, June 25, 2018
Companies of all hues, including old warhorses, are now betting on stock options to ensure employee loyalty


BusinessToday.In
New Delhi, May 18, 2018
An investor who was part of the deal at that time said that they were the only firm that was ready to take a risk.


Anilesh S Mahajan
New Delhi, May 11, 2018
According to some sources, close to the Prime Minister, he avoided meeting the CEO because of the ongoing proceedings against the global retail company in the US. In 2015, the reports suggested that Walmart paid bribes -from $5 to $200, totally millions - to push their goods and real estate permits.


BusinessToday.In
New Delhi, May 11, 2018
Amongst the ones turning millionaires are Sameer Nigam, CEO and founder of PhonePe, and Amod Malviya, former Chief Technology Officer.


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.


Dipak Mondal
New Delhi, May 10, 2018
The tax on the deal arises due to indirect transfer provisions of Indian income tax laws. The tax provisions say income arising out of transfer of share of a company registered outside India is taxable in India, if such shares derive substantial value from assets located in India.


BusinessToday.In
New Delhi, May 10, 2018
Building Flipkart into one of the world's most-valued tech companies will certainly be one of Sachin's legacies, says Binny Bansal.


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.


Rajeev Dubey
New Delhi, May 10, 2018
I'm very emotional about this. More than anything else it's a very emotional moment for all of us, not just me. Sachin and I go a long way. Before Flipkart started, says Binny Bansal.


BusinessToday.In
New Delhi, May 10, 2018
Sharma had earlier said the deal is good for India.


BusinessToday.In
New Delhi, May 10, 2018
On Wednesday, US retailer giant Walmart Inc acquired 77% stake in home-grown Flipkart for USD 16 billion.


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.


PTI
May 9, 2018
The shares took a beating amid concerns that the Flipkart deal could impact profits of Walmart. The American retail majors shares fell over 4 per cent on the New York Stock Exchange at around USD 82.13 apiece.


E Kumar Sharma
New Delhi, May 9, 2018
Kishore Biyani says in terms of the e-commerce space, the e-commerce market is still too small in India. \"If you look at the non-CDIT (consumer durables and IT or electronics and mobile phones), it is hardly Rs 35,000 to Rs 40,000 crore. So, in that sense, it's a very small business,\" says the Future Group CEO.


Rajeev Dubey
New Delhi, May 10, 2018
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.


Ajita Shashidhar
New Delhi, May 9, 2018
A better managed retail operations network will not just increase competitive intensity between Flipkart, Amazon and the likes of Reliance Retail and Future Group, but it will also step up consumption.


BusinessToday.In
New Delhi, May 9, 2018
Walmart will pay $16 billion for an initial stake of 77 per cent in Flipkart, valuing the e-tailer close to $20 billion. The remainder of the business will be held by some of Flipkart's existing shareholders.


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


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