Nothing seems to have been going right for the Walmart acquired multi-billion Dollar e-commerce giant Flipkart. Soon after Binny Bansal stepped down from his post of the chief executive over allegations of “personal misconduct”, reports have emerged that Jabong may lay off up to 50 per cent of its employees. Arecibo[Read More…]
Tag: Walmart-Flipkart deal
Traders’ body launches ‘Rath Yatra’ against Walmart-Flipkart deal
The Confederation of All India Traders (CAIT) on Saturday started a 90-day “National Rath Yatra” protesting against foreign direct investment (FDI) in retail and the Walmart-Flipkart deal. The protest movement named “Sampoorn Kranti Rath Yatra” started at Red Fort here. It will cover various parts of the country and culminate[Read More…]
CCI nod for Walmart-Flipkart deal, traders’ body to move court
New Delhi: Fair trade watchdog Competition Commission of India (CCI) has approved the acquisition of e-commerce major Flipkart by Wal-Mart International Holdings. However, a traders’ body said that it will move the court against the approval. @CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc, CCI[Read More…]