Header Ads

Walmart acquires Flipkart for $16 billion in world's largest ecommerce deal

THE ECONOMIC TIMES
Wed, May 09, 2018 | 05:54 PM IST

Daily Newsletter

Walmart acquires Flipkart for $16 bn, world's largest ecommerce deal

The announcement culminates discussions between Walmart and Flipkart that began in September 2016 with Walmart's plans to pick a minority stake in Flipkart.

You don't even have 0.77999999999883585 per cent chance to escape GST scrutiny

GST officers have started sending notices to companies whose payment did not match the final return, after an underpa...

'Natural ally' Trump gives Modi biggest headache in poll season

Data available on IndianOil's website suggests OMCs have not revised fuel prices since April 24....

Modi joins Putin, Jinping in Forbes top 10 most powerful people list

Chinese President Xi Jinping dethroned Russian President Vladimir Putin as the most influential person on the planet....

More From our Partners
E-book: Creating a Robust Investment Portfolio
There are no short-cuts to success in life and the same holds true when it comes to building wealth. One can accumulate a sizeable corpus through patience, sticking to basics, and avoiding adventurism and risky ventures. The key to meeting your goals includes having a plan in place, creating and reviewing your portfolio, and finally sticking to the plan.
Economic Times Business Listings
Are you a financial Service Provider? Are you looking for Financial Advice?
List your Business to get Leads
Find trusted Professionals near you
FEATURED STORIES
Overseas loans get cheaper for India banks battling bad debt Overseas loans get cheaper for India banks battling bad debt
India's bankruptcy courts are dealing with the nation's 40 largest bad loan accounts....read more
What Walmart's Flipkart buy means for India, consumers and its rival Amazon » 
How long would it take Iran to build a nuclear bomb? It depends » 
More From our Partners
What is UPI?

UPI or Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring the funds between the two bank accounts through a mobile platform.

If oil continues to sustain at current levels, it will cause the macros to worsen. If oil continues to sustain at current levels, it will cause the macros to worsen. ...
Prateek Agarwal, ASK Investment Manager
Latest Updates
We are still overweight on government capex theme

"Invest in small-ticket items like FMCG and bigger ticket items like two-wheelers and tractors"...

'India can take stress, concern over oil a bit premature'

"Markets, in the end, look at earnings, which should start getting buoyant from here on."...

IMF expects India to grow at 7.4 per cent in FY19

Asia continues to be the main engine of the world's economy, accounting for more than 60% of global growth - three-qu...

Indian economy coming out of twin shock of DeMo and GST: Ind-Ra

The ratings agency, however, cautioned on the possible widening of the current account deficit (CAD) due to rising oi...

Market Watch 9 May | 05:54PM|
SENSEX NIFTY USD/INR GOLD
35319.35
103.03
10741.70
23.90
67.26
0.18
31267.00
57.00
MARKET NEWS
Extreme gambling? Jerky PCJ stock hits small investors real hard

Ace investor Porinju Veliyath on Tuesday termed the stock behaviour as extreme gambling....

Oil at $80 in medium term? Iran chaos suggests so

Brent soared to $77 after US President Trump decided to pull out of the Iran nuclear deal....

Gainers Losers 9 May, 2018, 05:54PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
Firstsource Solutions 72.25 12.19 7856656 74.20 65.00
Mahindra Holidays & Resorts India 336.90 6.28 91797 340.00 318.00
Linde India Ltd 454.30 5.92 4356 464.25 429.90
Rain Industries Ltd 333.75 5.22 664687 335.00 311.30
PNB Housing Finance 1329.55 5.22 98502 1339.80 1266.95
MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices
FEATURED SLIDESHOW
Russia shows off military hardware in Red Square parade
Russia shows off military hardware in Red Square parade
Seizures of over Rs 120 crore made in poll-bound Karnataka
Seizures of over Rs 120 crore made in poll-bound Karnataka
From 2BHK to 8.3 lakh sq feet: The Flipkart story so far
From 2BHK to 8.3 lakh sq feet: The Flipkart story so far
Storylines to watch out for as the IPL approaches its climax
Storylines to watch out for as the IPL approaches its climax
More Slideshows
FROM THE NEWSPAPER
Google I/O 2018: Sundar Pichai bets big on AI in healthcare, Android P; JOMO, Shush make headlines

The tenth edition of Google's annual gig kicked off with a revamped, AI-enabled Google News in the works....

Banking is all about risk, requires a better process to deal with corruption

​The Indian banking industry for the first time in decades is seeing some of its top executives being charged for all...

Government wants to keep hands off ICICI Bank row for now

"We are in a wait-and-watch situation," said a senior finance ministry official. "If the investigating agencies revea...

App on truckers to speed up cargo movement from ports

The move is a part of the big plan to bring down the time taken for imports delivery at sea ports to 48 hours and air...

Ordering food on train will pinch you a bit more, all thanks to a new tax definition

A train is a medium of transport and cannot be termed as a restaurant, the AAR said in a decision that will impact th...

VIDEOS
'Fake voter' scandal hits K'taka, BJP alleges scam
ET More Newsletter'Fake voter' scandal hits K'taka, BJP alleges scam
Caste, cash and crime mars K'taka polls 2018
ET More NewsletterCaste, cash and crime mars K'taka polls 2018
Sensex, Nifty log steady gains amid Trump turmoil
ET More NewsletterSensex, Nifty log steady gains amid Trump turmoil
Its official! Walmart buys Flipkart
ET More NewsletterIts official! Walmart buys Flipkart
More Videos
ET PANACHE
Planning a summer getaway? Goa, Jaipur still on top of Indians' list despite the heat
Planning a summer getaway? Goa, Jaipur still on top of Indians' list despite the heat
Roman Polanski shuns #MeToo movement, calls it hysterical & hypocritical
Roman Polanski shuns #MeToo movement, calls it hysterical & hypocritical
How high cholesterol may be responsible for the onset of Alzheimer's disease
How high cholesterol may be responsible for the onset of Alzheimer's disease
Meghan Markle's family friend reminisces that she was always more mature than children her age
Meghan Markle's family friend reminisces that she was always more mature than children her age
Read more from Panache
More Newsletters

ET Mutual Fund

A weekly round-up of the top news and views ET More Newsletter

Wealth

Weekly news on personal finance, stocks, property, gold, tax planning and more ET More Newsletter

Markets Watch

Round up of stock, currency, bond, money and real estate ET More Newsletter
View All
Follow Us on ET:
Facebook Twitter YouTube LinkedIn
About us|Advertise with us|Feedback|Sitemap|Code of Ethics
© 2018 Times Internet Limited.
To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today.
If you are having trouble viewing this newsletter, please click here
To unsubscribe or edit your subscriptions please click here

No comments