Most of the markets it is now looking at in hopes of gaining the next billion internet users have demographics similar to that of India.
In two months, as many as 25 complaints have been sent to Enforcement Directorate, Competition Commission of India, Reserve Bank of India and income tax department, beside various state agencies, to thwart the deal.
The company was awaiting clarification from the Reserve Bank of India on data storage before it took a final call on data localisation.
Ever since the deal was announced of Walmart spending over $16 bn for a 77 per cent stake in Flipkart, the road to the takeover of India's biggest online marketplace has been quite bumpy
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, says TCS
It all began as one of its customers did not want a Muslim representative to resolve a problem. Rather, the customer wanted a Hindu representative to resolve the issue.
The Indian Post Payments Bank will be a boon to Indians who live in rural areas. India has 154,000 post offices, of which 139,000 are rural.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
Investment proposals under Modified Special Incentive Package Scheme take a hit as firms exit
Infibeam appointed Kothari as president, strategy, corporate development, international operations, and investor relations.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
Online biggies and global retail giants are working on being omnipresent in both the virtual and the real world to see what helps them get the numbers, says Karan Choudhury.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
Company says it is just replacing old guard with stronger leaders
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
Idea may have to shell out Rs 4,500 crore in cash
While the talks are still at a preliminary stage, sources said major retail players had held discussions with Amazon
Using the app, bank transfers can be done from/to any bank account, making it easier to make payments at no charge. Even non-KYC Paytm users can avail the facility.
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