walmart

Amazon Seller Services, the India unit of US e-tail giant Amazon, saw its losses widening to Rs 4,830.6 crore for 2016-17 fiscal from the previous year, as the company ramped up investments in the country to compete aggressively against...

E-commerce major Flipkart has seen its losses narrow to Rs 1,638.6 crore in 2016-17, as per a regulatory documents. According to a PTI report: It had a net loss of Rs 2,306.5 crore in the previous financial year, 2015-16. The company...

The Confederation of All India Traders (CAIT) on Monday said that it has approached the Competition Commission of India (CCI) against the Walmart-Flipkart deal. The confederation's petition to the CCI objected to the deal and said that Walmart "will create...

Continuing its protest against the US $16-billion Flipkart-Walmart deal, the Confederation of All India Traders (CAIT) wrote to commerce minister Suresh Prabhu expressing concerns that Walmart might adopt predatory pricing and deep discounting, which will kill the trade. In its...

Top executives of Walmart India and Flipkart met fair trade regulator CCI on Wednesday to explain their activities in the country, days after submitting an application seeking approval for their US $16-billion mega-merger deal According to a PTI report: While...

Japan’s SoftBank has decided to sell its over 20 percent stake in e-commerce major Flipkart to US retailer Walmart for an estimated US $4 billion. “SoftBank confirms the sale of its entire stake in Flipkart to Walmart,” a SoftBank spokesperson...

Retailers have joined hands to approach fair trade regulator CCI against US $16 billion Walmart-Flipkart deal as they apprehend that the it would lead to massive job loss and be a 'nightmare for retail trade of the country. According to...

Global retail giant Walmart has approached fair trade regulator CCI for approval of its proposed acquisition of a majority stake in e-commerce major Flipkart, saying the deal doesn't raise any competition concerns. According to a PTI report: Stating that the...

World's largest retailer Walmart said its US $16 billion investment in Flipkart may negatively impact its earnings per share (EPS) by US $0.25-0.30 in fiscal year 2019, even though it remains excited about what the future holds in the...

American retail major Walmart's acquisition of 77 percent stake in Flipkart is good for the retail industry and will create more job opportunities, said Atul Chaturvedi, Additional Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry. "It's...