Flipkart undertakes $350 million buyback ahead of Walmart deal
Moving closer to its deal with Walmart, e-commerce major Flipkart has bought back over 1.8 million shares worth more than USD 350 million from minority investors, as per information filed by Flipkart...
View Article‘Flipkart founders may be liable for 20% capital gains tax after stake sale...
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...
View ArticleSoftBank CEO Masayoshi Son confirms Walmart buying India e-tailer Flipkart
US retail giant Walmart will buy a majority stake in India’s largest e-commerce company Flipkart, according to the head of SoftBank, a major stakeholder in the Indian firm. “Last night, (they) reached...
View ArticlePaytm to invest Rs 5,000 cr towards growing e-transactions
Digital payments major Paytm today said it will invest Rs 5,000 crore over the next three years as it looks to enhance bank transfer and other payments facilities for customers through its platform....
View ArticleSoftBank confirms selling ‘entire stake’ in Flipkart to Walmart
Japan’s SoftBank has decided to sell its over 20 per cent stake in e-commerce major Flipkart to US retailer Walmart for an estimated USD 4 billion. “SoftBank confirms the sale of its entire stake in...
View ArticlePaytm crosses $29 billion in gross transactions run rate
New Delhi, May 31 (PTI) Digital payments major Paytm today said it has crossed an annual gross transaction run-rate of USD 29 billion, driven by growth across mobile payments and bank transfers through...
View ArticlePaytm receives final tranche from $445 million funding from SoftBank, Alibaba
Paytm Mall has received the final tranche of its USD 445 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial...
View ArticleFacebook wants to launch own internet satellite in 2019: Report
As part of its plan to connect billions of people who are still offline, Facebook is working on launching Athena, its own Internet satellite, early in 2019, the WIRED reported. According to an...
View ArticleSoftBank partners Paytm to launch payments service in Japan
SoftBank Group Corp today said it will launch a digital payments service in Japan, and has partnered Paytm for the service. The service PayPay will be launched by SoftBank’s joint venture PayPay...
View ArticleOla appoints Ben Legg as managing director of UK operations
Cab hailing company Ola today said it has appointed Ben Legg as managing director of its UK operations. Earlier this month, Ola had said it has obtained licences to operate in Greater Manchester and...
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