eBay to sell stake in Flipkart for about $1.1 billion, to relaunch eBay India
The plan includes unwinding commercial agreements with Flipkart and terminating Flipkart's licence to use the eBay.in brand, a statement from eBay said.
NCAER, NIPFP, Brookings get Rs 16-crore grant from Omidyar Network for research on property rights
The Rs 16-crore fund includes an innovatio...
Flipkart to close eBay.in, sell used goods at new bay
In May, eBay had said that it had decided to end its strategic partnership with Flipkar...
Debris from Prince Philip's car crash up for sale on eBay; seller says it might even have royal DNA
The current price of the debris is at 65,900 pounds with 139 bids.
Reliance can be India's Alibaba, says UBS report
While Amazon's strong 'Prime' membership growth has been a key pillar of its business, Reliance has similarly built a strong telecom subscriber base.
Walmart plans to add 2,000 staffers in technology group in 2019
The hiring binge will support Walmart’s efforts to expand its online business and embed in-store technology, such as robots that scrub floors and scan shelves.
eBay chalks out a comeback plan with export option for Indian sellers
The Walmart-owned etailer had shut down the eBay.in platform earlier this month and had started plans to set up its own platform for refurbished goods.
Did you know eBay founder Pierre Omidyar earned $6 an hour in high school for coding?
The philanthropist top boss' fascination with computers began early.
eBay in talks with etailers, including ShopClues, for a fresh bid in India
eBay, however, maintains that it is looking at a relaunch in India for the cross-border trade play while declining to comment on strategic options.
Walmart submits to I-T dept details of tax deducted from each Flipkart investor
Withholding tax, or retention tax, is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income.
Walmart may repeat 'predatory behaviour' in India as well: CAIT to NCLAT
CAIT said that Walmart "may cause an appreciable adverse effect on competition" in the domestic market post combination as its "predatory tendencies" would be on a much larger scale.
eBay secures 5.4% stake in Flipkart
The sale of eBay India to Flipkart also resulted in a gain of $167 million for eBay Inc, the filing also stated.
'Walmart paid Rs 7,439 crore tax on Flipkart deal; did not deduct taxes from 34 shareholders'
US retail giant Walmart Inc had on September 7 said it has complied with the tax obligations of its $16 bn acquisition of India's largest online retailer Flipkart but did not say the quantum of taxes it paid.
Jasper investment costly for eBay, books Rs 392 crore loss
At the same time, the consumer internet giant has recorded a gain of $167 million on sale of its India business to Flipkart, according to its annual report.
Naspers’ India appetite for food is far from done, says CEO Larry Illg
With over $2 billion invested in food delivery globally, South African media giant Naspers is only just getting warmed up in India.
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