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traders protest walmart-flipkart deal, call for bharat bandh on sep 28




traders' body cait on monday said it has called a bharat bandh on september 28 to oppose us retail major walmart's acquisition of flipkart. cait secretary general praveen khandelwal said the deal has "violated press note no 3 of 2016 of government and is a combination with a sinister design to contr...



traders' body holds nationwide protest against walmart-flipkart deal




a group of traders on monday protested against us retail giant walmart's proposed acquisition of 77 per cent stake in home-grown retailer flipkart, as part of a nationwide stir called by an umbrella traders body. in delhi, the protest was held at prominent commercial markets in karol bagh, confedera...



walmart-flipkart deal to hit indian retail, needs govt scrutiny, says cait




traders' body cait today said walmart's usd 16 billion acquisition of home-grown retailer flipkart will affect india's retail sector "very badly" and demanded to scan and scrutinising the deal from "different angles" by the government. us retailer walmart inc has announced the acquisition of 77 per ...



shopkeepers, traders to protest walmart's flipkart buy across india today




a lobby group of small indian traders and shopkeepers has asked tens of thousands of its members to hold protests across the country on monday against walmart inc's proposed $16-billion acquisition of e-commerce firm flipkart.  the confederation of all india traders (cait) says the us retail giant'...



flipkart-walmart deal wil promote loss funding, predatory pricing: cait




traders' body cait today demanded scrutiny of the proposed $12-billion flipkart-walmart deal, claiming that it will promote loss funding and predatory pricing in e-commerce sector. it is really unfortunate that in spite of having a clear fdi policy, foreign companies are finding an escape route, whe...



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...



walmart may face backlash in india; massive protests planned on july 2




in a recap of what happened more than a decade ago to global retail giant walmart inc. in india, as many as 700,000 traders, workers, farmers and political outfits might take to the streets in a nationwide protest on july 2, against the walmart-flipkart deal. ever since and even before the deal was ...



traders likely to move supreme court over $16-billion walmart-flipkart deal




a number of trade bodies, farmer organisations, online vendors and political outfits were protesting in public on monday, with ‘walmart go back’ placards, protesting against the us-based retail giant’s move to buy indian online marketplace flipkart. protests were organised across the country b...



traders' body cait files plea in cci against walmart-flipkart deal




traders body cait on monday said it has approached the competition commission of india (cci) against the walmart-flipkart deal, stating that it will create unfair competition and an uneven level playing field for domestic players. the confederation of all india traders (cait) said the deal would den...



trade regulator cci may suggest structural changes to flipkart-walmart deal




fair trade regulator cci might recommend structural changes to the proposed usd 16-billion walmart-flipkart deal to address possible competition concerns, according to officials. the competition commission of india (cci) might also take cues from a ruling in south africa with respect to walmart- mas...



traders body cait to launch naitionwide stir against flipkart-walmart deal




traders' body cait on sunday announced its plans to launch a nationwide stir against the $16 billion walmart-flipkart deal and said demonstrations will be held at the offices of the ed and rbi. "since the union commerce minister while addressing the traders at the convention informed that complaint ...



flipkart-walmart deal: bansals may be liable for 20% capital gains tax




flipkart founders sachin and binny bansal may have to pay 20 per cent capital gains tax if they sell their shares in the company as part of the proposed deal with us retail giant walmart, say tax experts. the indian e-commerce major is in discussions to sell majority holding to walmart and an announ...



cci seeks dipp views on discount norms for e-commerce marketplace with fdi




competition commission of india (cci) has sought views of the commerce and industry ministry on deep discounts being offered by e-commerce marketplace platforms having foreign investments, in connection with the walmart-flipkart deal, sources said. as per cci, discounts being offered by such platfor...



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...



flipkart-walmart potential deal underpins gap in india's retail market




as the deal which could see us retail giant walmart investing as much as $10 billion for a majority stake in indian e-commerce major flipkart nears fruition, all eyes are focused on how walmart executes its online-to-offline plan in the country. considered to be a major proponent of the deal, walmar...



amazon offers to buy 60% stake in flipkart, but walmart still ahead




american e-commerce major amazon has formally entered the battle for flipkart, a move that may slow down rival walmart’s effort to buy a controlling stake in the bengaluru-headquartered firm. sources indicated that amazon, which aggressively competes with flipkart in the india market, has put in a...



flipkart deal: taxman wants walmart to file for withholding tax in 15 days




the income tax department expects us-based retail giant walmart to file withholding tax certificates within a fortnight of closing its 77 per cent stake purchase in e-commerce major flipkart. this comes a day after the competition commission of india gave nod to the flipkart-walmart deal. "now that ...



bharat bandh: dalit protest over sc/st act turns violent, nine dead




the centre on monday filed a petition for reviewing the supreme court order on the law on preventing atrocities on scheduled castes (scs) and scheduled tribes even as the ‘bharat bandh’ call by dalit outfits was marked by widespread protests, including incidents of violence in several parts of n...



cci nod gets flipkart-walmart collaboration going in india, across globe




with the competition commission of india (cci) giving its nod to walmart acquiring 77 per cent stake in flipkart for $16 billion, the ball for collaborations between the us retail giant and the country's largest e-commerce player has begun rolling. prior to the announcement of the deal, which happen...



softbank dilly-dallies on flipkart stake sale after walmart acquisition




japan's softbank group corp has not yet decided to sell its 20-22 per cent stake in flipkart to us retailer walmart inc, sources with direct knowledge of the development said. softbank's masayoshi son will take a call in the next 7-10 days on whether to exit india's biggest online retailer or say in...



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...



india set for largest m&a flipkart-walmart deal today: walmart to buy flipkart f




a day ahead of the announcement of the walmart-flipkart deal, the largest through the m&a route and marking the american firm’s real entry into india, both organisations were in waiting. the flipkart campus at bengaluru’s embassy tech village was dressing up for a town hall meeting with carl dou...



walmart buys 77 per cent stake in flipkart for $16 billion




us retail giant walmart has signed a definitive agreement to acquire a 77 per cent stake in india’s largest e-commerce marketplace flipkart with an investment of around $16 billion, making it the largest transaction in history of the online retail space globally.the deal, which wiped away $10 bill...



for amazon, deal with flipkart was a non-starter, and how




american e-commerce major amazon, which reportedly matched rival walmart’s bid and put in an additional $2 billion as break-up fee in an effort to take flipkart, may have known quite well the deal was a non-starter, people in the know said. but the jeff bezos-led company continued to stay in the g...