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Total 66 results found. Search for [ walmart purchase flipkart ]

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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
May 10, 2018
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.


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.


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.


BusinessToday.In
May 9, 2018
The Flipkart-Walmart deal involves the world's biggest company by revenue buying around 77 per cent stake in the Indian e-commerce market leader for $16 billion.


BusinessToday.In
New Delhi, May 9, 2018
Flipkart is expected to sell 70-75 per cent stake to the Bentonville-based retail major but the final contours of the deal will be announced today evening. Bansal, who's also the executive chairman of Flipkart, will step down from its board after the final deal is through.


Dr S. Raghunath
New Delhi, May 9, 2018
One thing is certain in the acquisition of the Flipkart stake is that the cart has flipped in favour of the small and medium businesses in India, more so for groceries in particular where the efficiency of the supply chain for consumables and perishables has never been robust and efficient.


BusinessToday.In
May 9, 2018
According to tax experts, there are two taxation angles to the Walmart-Flipkart deal, if it goes through.


Goutam Das
New Delhi, May 5, 2018
If the world's largest retailer Walmart indeed ends up buying a majority in Indian e-tailer Flipkart at valuations that has been doing the rounds, it could change the e-commerce landscape in the country in many ways.


Reuters
Mumbai, April 21, 2018
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.


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.


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