News brief: Big stories of the day

To ascertain tax liability, the revenue department will write to Flipkart seeking the share purchase agreement the company has entered into with Walmart

Tax department to seek information from Flipkart on Walmart buyout, ascertain tax liability

Three days after US retail giant Walmart struck its largest deal with a big-ticket investment in Indian online marketplace Flipkart, members of trade wing of New Delhi's ruling Aam Aadmi Party or 'common man party' staged a demonstration calling for the deal to be scrapped

Walmart Go Back! Protesters in New Delhi decry Flipkart deal

The factors that hold key to the decision include the tax SoftBank has to pay on profits it would earn from such share sale.

Flipkart deal: SoftBank undecided on selling stake to Walmart

Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce company Flipkart before the end of this week.

Flipkart: A look at the journey of India's e-commerce giant

Before joining Flipkart, Ambur Iyappa had been a delivery manager with First Flight Couriers. He left First Flight to do a three-month course. When he went back to them, First Flight told him they no longer had a job for him

Flipkart's 1st employee was hired at Rs 8,000 a month. Today, he's a multi-millionaire

Amazon has already begun building up its war chest infusing fresh capital worth Rs 2,600 crore into its India unit, Amazon Seller Services.

Walmart may announce Flipkart deal today

Walmart is buying a 77% stake in Flipkart for $16 bn. This is Walmart's biggest-ever acquisition and is expected to help it compete against Amazon

Walmart buys Flipkart for $16 bn: Other mega Indian deals

The deal, capping almost two years of talks, will help the Bentonville, Arkansas-based retailer fortify and boost market share against Amazon.com, which reportedly had tried to make a competing offer for a stake

Walmart buying 77% stake in Flipkart for $16 billion

The announcement was made by SoftBank CEO Mayashi Son who owns a 20 per cent stake in Flipkart. The deal is expected to be officially announced today with Walmart CEO Doug McMillon in Bangalore, where Flipkart is headquartered

Walmart is buying Flipkart for a reported $15 billion

Walmart declined to comment. Flipkart, Alphabet, Tiger Global and Accel did not immediately respond to requests for comment

Walmart likely to announce Flipkart deal before end of week

Walmart has been on an acquisition spree to strengthen its online presence. It bought Amazon's competitor Jet.com for $3.3 billion in 2016

Flipkart co-founder Sachin Bansal may quit as Walmart warms up to takeover

The terms and conditions of the deal are still being discussed upon and are subject to change

Flipkart yet to finalise stake sale deal with Walmart: Sources

Walmart was likely to reach a deal to buy a majority stake in Flipkart, Amazon's biggest competitor in India, by the end of June for $10 billion to $12 billion

Amazon offers to buy 60 per cent stake in Flipkart

Sky News said the two companies are in negotiations about combining Walmart's Asda business in the UK with Sainsbury's in a 10 billion pound ($13.79 billion) deal

Watch: Sainsbury's, Walmart's Asda in talks about $13.79 billion merger

Walmart has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks to take on rival Amazon.com Inc head-on in India.

Walmart could buy controlling stake in Flipkart by next week

Walmart completed its due diligence on Flipkart and had made a proposal to buy 51 percent or more of the Indian company for between $10 billion to $12 billion

Walmart close to buying majority of Flipkart, deal likely by end-June: Sources

The National Center on Sexual Exploitation said Walmart made the decision following conversations with the anti-pornography organization

Walmart bans Cosmopolitan from checkout aisle to protect minors from sexually explicit material

Hicks, 29, was caught up in a controversy surrounding former White House staff secretary Rob Porter, whom she had been dating.

WION News Brief, March 1, 2018

The retailer said it has also removed from its website items "resembling assault-style rifles, including nonlethal airsoft guns and toys" but that it would continue to serve "sportsmen and hunters" in a "responsible way."

Walmart raises to 21 minimum age to buy firearms, ammo

Terms under discussion were not immediately available, but Flipkart would be valued at more than the $12 billion figure given when Japan's SoftBank Group Corp's Vision Fund took roughly a fifth of the firm last year for $2.5 billion

Walmart may buy 40% stakes in Flipkart: Sources

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