Alibaba Hits Pause on Fresh Investments in India
Alibaba Group Holding Ltd, the largest investors in Indian startups such as Paytm and Zomato, is temporarily halting fresh investments in the country, as the...
Tag : Flipkart
Mi Launches Redmi Note 6 Pro, Sold Out In Seconds
Chinese smartphone maker Xiaomi announced that yesterday during its first Black Friday sale six lakh units of Redmi Note 6 Pro smartphone were sold on...
Flipkart Partner-Up With Bajaj Allianz To Enter Insurance Segment
E-commerce giant Flipkart said that it is entering into the insurance segment after they secured a corporate agent license. Flipkart said in a statement that...
Walmart Inc. Agrees To Comply With Any Tax Demand
Walmart Inc. has said that it will comply with all the tax demands arising from its purchase of a stake in India’s e-commerce leader, in...
Flipkart Buyouts Israel Based Start-Up Upstream Commerce
Flipkart has acquired an Israel-based analytics start-up called Upstream Commerce, making this is Flipkart’s second acquisition in the recent months after the Walmart-owned e-commerce company...
Flipkart Internet Gets Fund Infusion Worth Rs. 3500 Crores
Flipkart Internet, the online marketplace arm of the Flipkart India Pvt Limited, as per regulatory documents received around Rs. 3,462 crores fund infusion from Flipkart...
Walmart Deposits Tax Payment Of Rs. 7439 Crores
Walmart Inc. paid Rs. 7,439 crores tax on payments it made to buy out shares of 10 major shareholders of Flipkart. Flipkart’s significant shareholders like...
Flipkart Shuts Down The Operations Of eBay India
Flipkart owned e-commerce website eBay India has terminated all of its operations in India, as the parent company has announced that they will soon introduce...
Amazon Inc. Invests 2700 Crores In India
US online retail giant Amazon Inc has invested US$ 386 million (nearly Rs. 2700 crores) earlier this month in the midst of an ongoing online...
CCI Approves The Flipkart Acquisition By Walmart
Competition Commission Of India (CCI) has approved the proposal of Walmart to acquire Bangalore based Indian e-commerce giant Flipkart. CCI made the approval through twitter...