$120 billion does not make Uber a real company. Here's why
The big challenge is it’s hard to confidently say that Uber’s business works under normal conditions — because conditions haven’t been normal for all of Uber’s life.
Walmart may approach income tax department to determine tax liability in Flipkart deal
In May, the I-T department had written to Walmart, say...
Anil Goteti in charge of eBay India
eBay made a $500-million cash investment in Flipkart for an equity stake and sold its eBay.in business to...
Flipkart completes eBay India merger
The deal was announced in April when the Flipkart group raised $1.4 billion from global technology majors eBay, Tencent and Microsoft.
'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.
Flipkart launches platform for refurbished products
2GUD to initially offer smartphones, laptops, tablets and electronic accessories; large appliances to be added soon
Flipkart raises $1.4 billion from Tencent, eBay and Microsoft, acquires eBay India
The $1.4-bn deal is led by Tencent with an investment of $700 mn while eBay will contribute $500 mn & also receive Flipkart stock worth $200 mn in lieu of its Indian operations.
Flipkart may put eBay to good use for used goods
Flipkart’s entry into the online second-hand products business will pit it directly against QuikrBazaar and OLX in a largely unorganised market.
View: Walmart's big Flipkart deal is an admission of defeat
Walmart would’ve struggled to open its own e-commerce business as well, given that India doesn't permit foreign investment in online retailing.
FDI into India decreased to $40 billion last year from $44 billion in 2016: UN report
FDI to India decreased from USD 44 billion in 2016 to USD 40 billion in 2017.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service