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omnichannel is a constant consideration: flipkart ceo kalyan krishnamurthy




days after the us retail giant walmart closed the $16-billion deal, which gave it 77 per cent ownership in e-commerce marketplace flipkart, chief executive officer kalyan krishnamurthy said the firm continues to be run independently. in an interview with bibhu ranjan mishra & alnoor peermohamed, kri...



tiger in flipkart's corner: kalyan krishnamurthy led fight against fierce rivalr




foreign direct investment (fdi) in india was less than five basis points as a percentage of gross domestic product (gdp) when kalyan raman krishnamurthy was born on january 12, 1972. forty six years later, he will help usher in, as chief executive officer of e-commerce giant flipkart, billions of do...



walmart set to acquire india's flipkart with 73% stake for $14.6 billion




walmart is gearing up to buy flipkart in a $14.6-$16 billion deal, according to a recent report.walmart would gain a 73% share in the company, and most of its initial investment is expected to go towards a grocery supply chain.alphabet inc. may be contributing $3 billion to the investment.walmart i...



flipkart to shut ebay in india from next month, launch new platform: ceo




e-commerce major flipkart will shut down ebay.in next month and launch a new platform for refurbished goods as it attempts to tap into a large market segment that is predominantly unorganised. last year, flipkart had raised $1.4 billion from global technology majors ebay, tencent and microsoft. in e...



we've moved away from business of chasing the competition: flipkart ceo




flipkart has been able to raise more capital in the last 12 months than it has in the nine previous years of its existence, and now, more capital is on the way as walmart looks to back it offering a valuation of over $20 billion, according to sources. this swing has really helped flipkart stay ahead...



walmart may bring an ipo to make flipkart public in as little as 4 years




us retail giant walmart is looking to retain flipkart co-founder binny bansal and other minority investors such as tiger global for at least four years, promising that it will protect the valuation of their shareholding and offer them the potential upside of taking the company public. in a filing wi...



walmart, flipkart work on synergies; merger may result in common leadership




with just the formal signatures pending for a deal with flipkart, walmart has begun its search for real estate, mostly in bengaluru, to have synergies with the e-commerce company headquartered there, sources said. the american retail major is looking at shifting some critical divisions such as infor...



flipkart and asus enter strategic partnership in india; will launch asus zenfone




in a flipkart-hosted press conference today, the ceos of flipkart and asus – kalyan krishnamurthy and jerry shen – came together to announce a long-term strategic partnership to launch products in india.with this partnership with asus, flipkart will aim to leverage its data-driven research and i...



walmart deal in the bag, flipkart may now build a $1 bn m&a warchest




flipkart is gearing up for the next phase of expansion after its merger with walmart and has kept aside around a billion dollar for mergers and acquisitions (m&as), sources said. readying its game plan, the bengaluru-based e-commerce giant plans to renew talks of investments in various companies suc...



flipkart acquires ai startup liv.ai to compete with rival amazon's alexa




indian e-commerce major flipkart has augmented its capability to roll out voice-based shopping on its platform to compete with rival amazon’s alexa by acquiring bengaluru-based artificial intelligence startup liv.ai. the startup, which set up shop in 2015, has built capabilities in speech recognit...



end of era! ebay india's 14-year long first innings comes to an end




with flipkart deciding to pull the plug on ebay india on august 14, 2018, this will finally bring to an end the era of one of the earliest movers in the country’s online retail space. the san jose-headquartered company, right after walmart’s decision to acquire majority stake in flipkart on may ...



walmart completes acquisition of majority stake in flipkart for $16 bn




walmart, the world's largest retailer, has completed the acquisition of majority stake in india's leading e-commerce marketplace, flipkart. in a joint statement issued on saturday, walmart and flipkart announced the completion of the $16-billion deal that would see the us giant taking ownership of 7...



ebay 2.0: e-commerce major trying to play catch-up in indian market




with flipkart deciding to pull the plug on ebay india on august 14, 2018, this will finally end the era of one of the earliest movers in the country’s online retail space. the san jose-headquartered company, right after walmart’s decision to acquire a majority stake, in flipkart, on may 9 this y...



flipkart, walmart india top executives meet cci to explain biz activities




top executives of walmart india and flipkart on wednesday met fair trade regulator cci to explain their activities in the country, days after submitting an application seeking approval for their usd 16-billion mega-merger deal. while there was no official word on the meeting, sources said it was a "...



no person should be a minister unless he is 35: ex-cec




former chief election commissioner t s krishnamurthy has pitched for a minimum educational qualification to become a minister and also a higher age limit to get such berths.krishnamurthy recommended that one should be at least 35 years' old to become a minister (both in states and at the centre), fr...



ex-cec krishnamurthy questions ec on gujarat poll schedule delay




want create site? find free wordpress themes and plugins.ts krishnamurthy joins opposition chorus questioning why poll panel announced schedule for himachal pradesh elections but not for gujaratformer chief election commissioner ts krishnamurthy has been critical of the election commission’s decis...



tax cloud hangs over walmart-flipkart deal




more than meeting the regulatory guidelines, tax-related issues may continue to vex the walmart-flipkart transaction for some time to come. whether tax authorities allow carrying forward of existing losses of flipkart india – amounting to around $2 billion – under the new management, is likely t...



evm bashing should stop now, says former cec t s krishnamurthy




former chief election commissioner t s krishnamurthy said today that electronic voting machines (evms) are the "real winner" in gujarat and himachal pradesh elections and their "bashing" should stop now.when asked over the remarks in some quarters that the evms are the "real winner", as results of t...



'trust ad' starring amitabh scrapped: what went wrong for kalyan jewellers




faced with protests from an irate group of bankers, kalyan jewellers finally pulled out its advertisement that has offended many, eager to stamp down on the wave of negative publicity that was threatening to engulf the brand. was it hasty in doing so or are companies left with little choice in the f...



flipkart pips tata, birla, ambani in value, but it's they who rule market




walmart’s decision to spend $16 billion to acquire 77 per cent stake in flipkart has focused attention on india’s top conglomerates, which are yet to build a meaningful presence in e-commerce despite being in the retail industry and years of investments. the deal values flipkart at around $20.8 ...



hold polls again if nota is more than winning margin: ex-cec




former chief election commissioner t s krishnamurthy has pitched for second round of elections in constituencies where the winning margin is less than the nota option and the victorious candidate fails to muster one-third of votes.he also expressed the view that india's first-past- the-post electora...



after walmart deal, flipkart plans expansion into other categories




it took a $16-billion stake sale, a change in the top management, and an entry of the largest retail giant in the world for flipkart to alter its game plan. realising that just concentrating on smartphones and the assorted electronics segment would not give it repeat customers or high revenue number...



mystery surrounds walmart-flipkart deal as softbank's son in wait mode




masayoshi son-led softbank has kept the $16-billion walmart-flipkart deal in suspense and how. soon after the mega transaction was signed and announced, the indications coming from the tokyo-headquartered softbank, the largest investor in flipkart, suggest there’s more to the deal. sources close t...



mystery surrounds walmart-flipkart deal as masayoshi son says wait




masayoshi son-led softbank has kept the $16-billion walmart-flipkart deal in suspense and how. soon after the mega transaction was signed and announced, the indications coming from the tokyo-headquartered softbank, the largest investor in flipkart, suggest there’s more to the deal. sources close t...



flipkart-promoted phonepe receives rs 4.51 billion investment




e-commerce major flipkart-promoted mobile wallet phonepe has received rs 4.51 billion from the company's singapore-based subsidiary flipkart payments, the company said in a filing with business intelligence platform paper.vc. the investment is part of the $500-million plan that flipkart has chalked ...