The newspaper report that Walmart wants Group CEO Binny Bansal and Krishnamurthy to have more crucial rules in the company. The giant is also seeking a non-compete agreement with Flipkart's founders, according to the sources.
Walmart Inc has reportedly reached a deal to buy a majority stake in Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, two people with direct knowledge of the matter said. Flipkart's other co-founder Binny Bansal, who isn't related to Sachin Bansal, could remain on in some capacity as Walmart is said to be keen on retaining only one of them.
The Economic Times newspaper first reported about the negotiations in January, although it had said that the deal would be a minority investment.
The factor daily report quoted sources a saying, "Cash component will be close to 55%, which will mark the exit of some of the largest investors in Flipkart".
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If the deal with Walmart goes through, it would provide Flipkart with more arsenal to go up against Amazon in the Indian market.
The rival company Amazon has also made a counter offer to buy 60 percent stake in Flipkart.
The sources added that Sachin Bansal, founder of Flipkart, was in the USA last week to oversee final lap negotiations with Walmart.
The buzz of the $12 billion deal between Walmart and Flipkart recently got louder with Softbank approaching Walmart's global CEO. "There has been a shareholder realignment within Flipkart over the past few weeks, which has brought top level fissures into the open", said a source cited earlier in the report.
Flipkart's major investors - Tiger Global Management, Accel and Naspers are expected to sell all their shares to the Arkansas-based retailer.
But in recent months, he has voiced strong support for Trump's tougher trade approach to China and steel and aluminum tariffs . The president has long complained of what he says are unfair Chinese policies contributing to a huge USA trade deficit .
Shaquem impressed teams at last month's NFL Scouting Combine where he bench pressed 225 pounds 20 times with a prosthetic hand. Most believe that he will be drafted but some think he might have to wait until sometime on Saturday to hear his name called.
This was driven in part by a slowdown in discretionary categories like shoes, apparel and cars, as well as food and beverages. Spending on new equipment also grew by 6.1 percent, a potentially worrisome pop if the machinery is meant to automate jobs.
China , Brunei , Malaysia , the Philippines, Taiwan and Vietnam all have overlapping claims in the region. Earlier media reported about the plans of China to open a new military base overseas , like "Bagnet".
On the price front, input price inflation softened in April, while firms raised their selling prices at an accelerated pace. All of the nations covered registered an increase in charges, with the steepest seen in Germany and the weakest in Greece.
Emergency resource personnel assigned to contain the Arizona wildfires include firefighters and seven hotshot crews. The fire remains active in these areas and the priority now is providing for emergency responder and public safety.
Dallas' coaching position was left vacant after Ken Hitchcock retired following 22 National Hockey League seasons. AVALANCHE: Colorado signed goaltender Pavel Francouz of the Czech Republic to a one-year deal.
Supporters of the legislation, however, are hopeful the measure can be a catalysis for change in the abortion debate. Ohio GOP legislators in March mounted a challenge to Roe by passing a law that would criminalize abortion care.
Curbing terrorism: Both India and China identified terrorism as a major problem and as such, chose to work together to combat it. They also had tea after the walk. "They should regard each other as an active factor in the change of world power", Xi said.
Around ten people were taken to hospital, with Hatzola medical volunteers treating "multiple patients" at the scene. The Metropolitan Police said there had been no reports of serious injuries or any criminal allegations.
Doctor Ronny Jackson has returned to the White House medical unit, but not to the role as physician to the president. Jackson, a Navy rear admiral who also served as White House doctor under former Presidents George W.
Last week Trump issued a veiled threat against nations that may align in voting blocs against the North American bid. The North American bid boasts large stadiums and excellent infrastructure but is no certainty to win the June vote.
The footage reveals the chaos and confusion the Las Vegas police encountered as they searched for the position of the shooter. As they move forward, they're heard identifying a camera, spotting a rifle, and saying they're going to check under the bed.
The first results show the UKIP vote going to the Tories with them making gains while Labour have made losses outside of London. And there was anger in areas trialling controversial ID cards, with some people saying they were unable to cast their ballot.
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However, she struck a note of caution saying, " Freedom of the press , like any other freedom, is never completely secure". On World Press Day, South Africa ranks third among Africa nations on the media freedom barometer.
Olympic wrestling team, did not receive a single scholarship offer to play football at any level coming out of high school . Brown got away with a lack of athleticism in college, holding up well in pass protection. "I'm a dynamic player as well".
Declining issues outnumbered advancing ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 1.71-to-1 ratio favored decliners. Chemical companies and other materials makers could also see their profits affected as oil prices and other expenses rise.
Netflix has announced the release date for the second season of teen suicide drama, 13 Reasons Why , with a trailer. A whole host of new characters are set to be introduced to the halls of Liberty High in season two .
He said that at Trump's direction, he spoke with Kim about the release of three USA citizens detained by North Korea. As to the channel's information, these states are included in the short list of possible sites for their meeting.
Malkin had three goals and two assists in the first five games of the first round series against the Flyers, but missed Game 6. Tom Wilson will not have a hearing with the DOPS after his hit to the head of Pittsburgh Penguins defenceman Brian Dumoulin .
Disney updated its opening-weekend forecast to US$240 million, compared with independent forecasts of about US$230 million. The opening day collections of $105 million are second only to Star Wars: The Force Awakens' $116 million haul in 2015.
When asked what Victoria thought his sentencing should be, she replied: "Well I think the same special treatment that he gave us". He must also wear a Global Positioning System monitoring device. "It was his deposition, really", Mr.
News, "She has one foot out the door but is also holding on to the fact that her and Tristan can make it work". At this point, anything Tristan posts on social media will be flooded with hate from the KUWTK crowd.
DeAngelo's name hadn't been on McNamara's radar screen, said Billy Jensen , an investigative journalist who helped write the book. Investigators took two vehicles, motorcycle and fishing boat out of his three-car garage and put up tarps to block news cameras.
But the archaeological record suggests they succumbed to an Incan invasion only a few decades after the sacrifices occurred. There are even skid marks in the sediment indicating places where the sacrificial victims were reluctant to participate.
Doctors say this strain of E. coli is especially risky because it produces a toxin that could lead to kidney complications. Of the 87 clients the CDC has great info on, 46 (53 percent) have actually needed hospitalization, the firm kept in mind.