Tag: Walmart

In what would be the most self-evident scoop on the plate, Singapore-based Flipkart Group has seen a surge in its total revenue, which, fortunately, has increased at a dramatic pace! The revenue of Flipkart Group during FY'18 ending March 2018, increased over 50%, to Rs 30,164 crore. But does that mean Flipkart is all up for a windfall and is...

The new Foreign Direct Investment (FDI) rules which kicked in on February 1, 2019, have come as a huge jolt for the ambitious US-based retailer Walmart.The behemoth had decided to join the huge Indian e-commerce feast barely a year ago by paying an astoundingly huge $16 billion to acquire a 77% stake in the Indian retail juggernaut Flipkart. Walmart May...

Flipkart India, the wholesale entity of the country’s largest online retailer is being given a raw deal! With a loss that accounts to a staggering nine-fold, the retailing giant owned by US-based Walmart Inc., had a tough financial year.According to regulatory filings of the two main entities that control the India business i.e., Flipkart India and Flipkart Internet, the...

Flipkart employees are expected to strike gold through the deal of acquisition of the e-commerce giant by Walmart. Flipkart has recently allowed its employees - if they want - to sell their stocks to its parent company. The employee stock options present at their disposal had their valuation increased as a result of the deal. The increase in valuation...

Amazon.com (NASDAQ:AMZN) is leaving no stone unturned to hold up its presence in the grocery and food market, against rival retail strategies.According to recent reports, the Indian arm of Global retail leviathan, Amazon India is sizing up a stake in Aditya Birla’s retail chain of stores, namely 'More'. If reports are to be believed, Amazon, in a close collaboration with Goldman Sachs...

The recent collaboration between the tech giant and the brick-and-mortar king comes amidst bells-and-whistles and is a shot across Amazon's bow, as of now!If recent reports are to be believed, Walmart and Microsoft are joining forces in the bruising battle against Amazon. Under a five-year deal agreement, Walmart Inc. (NASDAQ:WMT) will boost its use of the cloud services from Microsoft Corporation (NASDAQ:MSFT) cloud services and...

As the battle to enjoy the lion's share in customer satisfaction intensifies in the Indian eCommerce system, native eCommerce giant, Flipkart is beck and call, at launching a customer loyalty program by end of July or early August.Reportedly, the Bengaluru-headquartered company which is recently acquired by Walmart, Flipkart has appropriated about $173 million to spend on all the benefits,...

On the deck for decades now, Walmart has been striving to pillow its online offerings, in the ever-growing eCommerce sector. The upshot of Walmart’s interest in India is the latest sequel to the erstwhile retailer’s battle with Amazon. However, in a quick retaliation, Amazon's vision to expand globally, strikes payback to Walmart, according to Morgan Stanley.Amazon.com just increased its entire capital...

In the backdrop of the recent Walmart-Flipkart deal, reports claimed that eBay could possibly sell its stake in Flipkart that represents as much as $1.1 billion in value to Walmart and exit the Indian firm. While eBay was quick to release the official statement, there were no additional details provided by the once the e-commerce behemoth in India. However, it was clear...

Reportedly, India has maintained its position as the third largest online retail market in the world after China and the USA. Pocketing in benefits, the acquisition of Flipkart by the American supermarket chain, Walmart is considered to be a major attempt of stretching its wings into the Indian online retail business. With a mammoth valuation of $500 billion, Walmart purchased major stakes...

Latter day, the news of Walmart’s acquisition of Flipkart panned out everywhere. At a valuation of nearly $21 billion, this deal has managed to generate one of the largest wealth pools for employees in India. With this deal being hammered down, the total worth of Flipkart's employee stock ownership plans(ESOPs) has jacked up. Over and above, it includes invested shares...

It's official. Walmart acquires Flipkart to enjoy a lion's share of e-commerce industry in India. Reportedly, Walmart, No. 3 in the Internet Retailer 2017 Top 500, has sealed the deal with Flipkart at $16 billion, a valuation of $20.7 billion. This is one of the biggest e-commerce deals and this ascertains the online inventory to lock horns with Amazon which is No.1...

The eCommerce industry in India is finally hearing for consolidation as all the major players have set their eyes on the lion's share of the market. While the talk with Walmart to buy a controlling stake in Flipkart is advancing, in a new twist, Amazon is also showing its interest in acquiring Flipkart - the post boy of the Indian e-commerce revolution.According...

Undoubtedly, ‘Black Friday’ and ‘Thanksgiving Day’ showed off great beginning of Christmas 2012 and holiday shopping season. Of course, online retailers succeeded to entice significant number of users by touting amazing discounts and offers on Black Friday and Thanksgiving Day. Besides, bricks-and-mortar retailers also succeeded to leverage over the holiday shopping season, and this is the reason why every...

Indeed, it's a great news for Nokia Lumia 900 enthusiast who are eagerly waiting to get their hand on Windows Phone based device, which is available for pre-order. As we previously informed that Nokia decided to launch the device on April 08th this year for the carrier AT&T in the US. The price is kept almost $100 for folks in...

The online shopping of last year is considered as all time highest shopping which is estimated to $35.3 billion. A research firm—ComScore—tracked online consumer between Nov 1 to Dec 25 of 2011 and finally concluded that total online shopping counts 15% higher compare to year 2010. The mobile shopping was the highest ever in the last year’s holiday session....