PhonePe Raises Rs 150 Crore From Parent Company
PhonePe has received Rs 150 crore from PhonePe Pvt Ltd, Singapore in funding, as per regulatory filings. PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt...
Tag : Walmart
Walmart Prepares For $10 Billion Flipkart IPO
Walmart is preparing for e-commerce major Flipkart’s $10 billion initial public offerings (IPO) in the US and has hired Goldman Sachs to assist with the listing. The US...
Walmart to Increase Indian Exports To $10 Billion by 2027
Global retail major Walmart on Thursday said it will triple its exports of goods from India to $10 billion each year by 2027.The expansion in sourcing will...
Sriram Venkataraman to be New Flipkart Commerce CFO
Walmart-owned Flipkart has appointed Sriram Venkataraman as chief financial officer (CFO) for the commerce division (Flipkart and Myntra) of India’s homegrown company. The announcement comes after...
Motorola to Launch Foldable Razr with two screens on 6 Feb
Lenovo-owned Motorola’s much-awaited vertically foldable smartphone ‘Moto Razr’ is all set to release on February 6 for $1,499, with preorders starting on January 26 in...
Paytm to Start Planning IPO in 22-24 Months: CEO
The giant online payment platform Paytm will start preparations for an initial public offering (IPO) in the next 22-24 months. The announcement has been made...
Walmart Sues Tesla for ‘Negligence’
Walmart Inc sued Tesla Inc, accusing it of ‘widespread negligence’ that led to repeated fires of its solar systems and asking a court to force...
Ananth Narayanan, Former Myntra-Jabong CEO Joins Medlife
Over six months after his exit from Walmart-owned Myntra, Ananth Narayanan is back as CEO with e-pharmacy platform Medlife, said the company on Monday. Narayanan...
Walmart Inc. Agrees To Comply With Any Tax Demand
Walmart Inc. has said that it will comply with all the tax demands arising from its purchase of a stake in India’s e-commerce leader, in...
Walmart Deposits Tax Payment Of Rs. 7439 Crores
Walmart Inc. paid Rs. 7,439 crores tax on payments it made to buy out shares of 10 major shareholders of Flipkart. Flipkart’s significant shareholders like...