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Reliance Brands in talks to buy Genesis Luxury

According to industry experts the acquisition is in line of the company's objective of achieving strong foothold in the booming luxury market.

June 18, 2018  |  comments ( 0 )  | 

PremjiInvest invests Rs 1,700 cr on Future Retail, buys 6%

The largest in brick-and-mortar retail appeared in the Wednesday reports of a financial daily. After the transaction, Sunil Mittal-led Bharti will still own 3% in the

June 08, 2018  |  comments ( 0 )  | 

CAIT files complaint with ED against Flipkart

In its complaint with ED, CAIT said that Flipkart in the guise of operating under a marketplace model is actively engaged in the inventory-based model of e-commerce.

June 02, 2018  |  comments ( 0 )  | 

Walmart India, Flipkart top executives meet CCI

The meeting convened after the Walmart's approach to CCI for the approval of its proposed acquisition of a majority stake in e-commerce major Flipkart.

May 24, 2018  |  comments ( 0 )  | 

Amazon in talks to buy 10% stake in Future Retail

The move comes close at the heels of Walmart's $16 billion payout to acquire 77% of Flipkart India’s largest e-commerce firm. Walmart is Amazon’s biggest rival in the

May 23, 2018  |  comments ( 0 )  | 

SoftBank confirms it's selling 22% in Flipkart to Walmart

Before Flipkart, SoftBank in 2014 had invested in Snapdeal, which ended with the group writing off almost $1 billion invested in the Delhi-based online marketplace.

May 23, 2018  |  comments ( 0 )  | 

Kedaara, Partners to buy Vishal Mega Mart from TPG, Shriram Group

The transaction expected to complete later this year after going through regulatory approval. As per reports, Kedaara and partners may value Vishal Mega Mart (VMM) for

May 23, 2018  |  comments ( 0 )  | 

Paytm acquires e-ticketing startup TicketNew

The development marks a clear intent of the Noida-based Paytm to take on the current leader in the segment, Book-MyShow, which has been focusing on its events business

May 23, 2018  |  comments ( 0 )  | 

PE Firm L Catterton Invests Rs 170 Cr in Future Lifestyle Fashion

FLF, which is the largest department store chain in the country has Central, Brand Factory and more than a dozen brands including Indigo Nation and Lee Cooper operating

May 19, 2018  |  comments ( 0 )  | 

EY records USD 2.4 bn PE/VC investments in April on Big Deals

The next 4-5 years are expected to be the golden age for the Indian PE/VC sector, provided there is stability in the political as well as policy front, he said.

May 17, 2018  |  comments ( 0 )  | 

Flipkart India Cuts losses to Rs 244.7 crore in 2017 Fiscal

Locked in an intense battle for market leadership against American rival Amazon in India, Flipkart had recently inked an agreement with Walmart.

May 17, 2018  |  comments ( 0 )  | 

Walmart may put $ 3 bn more in Flipkart to Buy 85% stake

The Masayoshi Son-led, SoftBank group invested $2.5 billion in Flipkart in August last year through its $100 billion Vision Fund.

May 14, 2018  |  comments ( 0 )  | 

Flipkart Won't Change Into Walkart: Doug McMillon

This time around, Walmart's choice in India is starkly different. While Flipkart has absorbed billions of dollars of investor money to rapidly grow its business, its main

May 10, 2018  |  comments ( 0 )  | 

Post-Flipkart Deal Walmart Plans 50 new India Outlets in 4-5 yrs

For the cash-and-carry business, Walmart currently operates in 9 states and 19 cities and the future expansion is focused on more or less the same geographies.

May 10, 2018  |  comments ( 0 )  | 

Assocham gives thumbs up to Flipkart Deal, Traders oppose

PHD Chamber of Commerce and Industry said the deal will open new chapters in the world of e-commerce and the growth of the sector expected to increase.

May 10, 2018  |  comments ( 0 )  |