Binny Bansal has announced his resignation as CEO of Flipkart Group, effective immediately, following an independent investigation into an allegation of “serious personal misconduct,” said Walmart Inc., in a statement. The world’s largest retailer said that Mr. Bansal had been an important part of Flipkart since co-founding the company, but that Mr.Bansal made the decision […]
Competition Commission may suggest structural changes in Walmart-Flipkart deal
Fair trade regulator, the Competition Commission of India (CCI), might recommend structural changes to the proposed $16-billion Walmart-Flipkart deal to address possible competition concerns, according to officials. Read the full story at http://www.thehindu.com/business/Industry/competition-commission-may-suggest-structural-changes-in-walmart-flipkart-deal/article24128649.ece SOURCE: The Hindu
Flipkart deal unhealthy: CAIT
The Confederation of All India Traders ( CAIT)has sought “immediate intervention” by the government in the proposed acquisition of Flipkart by US-based Walmart, claiming that the deal would encourage predatory pricing and malpractices in the e-commerce sector. Read the full story at http://www.thehindu.com/business/Industry/flipkart-deal-unhealthy-cait/article23805278.ece SOURCE: The Hindu
What’s going on with Flipkart?
Bengaluru, India’s Silicon Valley, has lately become obsessed with the rumours that Flipkart is on the block and may be acquired either by American retail giant Walmart or e-commerce major Amazon. Flipkart’s impending sale is being discussed everywhere as what happens to the company will be impact the whole ecosystem. Read the full story at […]
Walmart completes due diligence for buying stake in Flipkart: Report
Walmart completed a thorough due diligence process on e-commerce firm Flipkart this week, two sources said, as the US retail giant looks to take a controlling stake of 51 per cent or more in the Indian company. Read the full story at https://timesofindia.indiatimes.com/business/india-business/walmart-completes-due-diligence-for-buying-stake-in-flipkart-report/articleshow/63645508.cms SOURCE: Times of India
Flipkart, Amazon vs offline retail war reaches PM
Offline retailers have complained online companies are not maintaining the spirit of the guidelines laid out by the government to create a level playing field. They have reached out to the PMO with complaints against e- commerce majors like Flipkart and Amazon. Read the full story at https://timesofindia.indiatimes.com/business/india-business/online-vs-offline-retail-war-reaches-pmo-doorstep/articleshow/61013916.cms SOURCE: Times of India
Watch out Amazon, Flipkart looks to acquire Snapdeal
Flipkart, Amazon’s (AMZN, Tech30) top rival in India, is on track to complete takeovers of two big local competitors that will boost its arsenal in the battle for the country’s online retail crown. The Bangalore-based firm has moved a step closer to acquiring eBay’s (EBAY) Indian business, after antitrust regulators approved a merger of the […]