The Forrester analyst explained: "To remain the number-one player in India - Amazon coming a close second in just four years in India - [Flipkart is] looking to expand beyond smartphones and fashion".
Moreover, from Amazon's perspective, its domination as the global online retailer has forced its biggest American rival, Walmart, to fork out $16 billion for what is easily one of the most expensive acquisitions ever-a clear acknowledgement that Walmart is trying hard to make up for lost time by not investing more aggressively on e-commerce earlier. CEO Bob van Dijk says the group chose to sell because with Walmart running the show it will have little influence in future "and we're not a financial investor".
Reacting to the deal, RSS affiliate Swadeshi Jagran Manch has alleged that Walmart was "circumventing" rules for a "back-door entry" into India, and sought Prime Minister Narendra Modis intervention to safeguard "national interest".
Flipkart truly upheld audacity and customer centricity and I got to work with the best people. The Bansals, likewise, would be wiser, getting some knowledge about how to sell groceries online, something rival Amazon is betting big on.
Binny Bansal, who co-founded Flipkart with Sachin Bansal 11 years ago, will retain his 5.5 per cent stake and will be chairman of the company's board.
He said SoftBank's $2.5 billion stake in the company would be worth $4 billion with the acquisition.
White hot Day among favorites at Sawgrass There will, of course, be a huge amount of attention on Tiger Woods as he continues his comeback. "We give each other needle". Yes, I was annoyed, but I'd been playing golf - well, on the front nine - on a gorgeous spring afternoon.
Flipkart co-founders Sachin Bansal (R) and Binny Bansal in Bengaluru. The companies said they're also in talks with other potential investors, which could result in the US company's stake being lowered, though it will retain majority ownership.
SoftBank, Flipkart's largest investor before the deal, will also completely exit the company.
A February regulatory filing with US Securities and Exchange Commission (SEC) stated that eBay Inc made a gain of $167 million by selling the eBay India business to Flipkart. This will make Walmart be a part of local deals across India. The deal will see Walmart increase its foothold in Indian eCommerce, a market which is expected to surge in the next decade. So far it had been handicapped by Indias retail policy that does not allow overseas companies to sell directly to consumers (except in wholesale cash-and-carry segment).
Walmart, whose profits have already been pinched by efforts to build up its e-commerce in the United States, notably grocery delivery and pickup, has already tested investor patience for the past few years with its tech investments.
Walmart plans to link consumers through its partnership with kirana stores.
United States e-tail giant Amazon has infused fresh capital to the tune of Rs 2,600 crore into its India unit, Amazon Seller Services, to strengthen the war-chest of the company against domestic rival Flipkart.
The U.S. company said its investment would include USD$2bn (£1.48bn) in new equity funding, which Flipkart could tap to accelerate its growth in the future.
Swansea may well have been level five minutes before the break but Jordan Ayew couldn't covert brother Andre's ball into his path. They actually looked the more likely to score late on, and they nearly did.
The Official Draw for the AFC Asian Cup was held at the Armani Hotel Ballroom of the Burj Khalifa, at Dubai on 4th May 2018. The other 12 qualified teams were placed in the remaining two pots, on the basis of their AFC and FIFA Rankings.
There are 1,07,288 registered candidates in Tamilnadu who would appear for the test in 170 centres across the State. The state has arranged special KSRTC services to facilitate the smooth conduct of the examination.
He pointed out that the Congress and the JD (S) have been in an alliance as they were ruling the BBMP in Bengaluru . Earlier on Friday, BJP's Chief Ministerial candidate B.S.Yedyurappa released the BJP manifesto in Bengaluru .
Paid membership to the Nintendo Switch Online service will be required when users want to play online starting this September . There will be 20 NES games at launch and some of them will be playable online either competitively or co-cooperatively.
The Egyptian striker will return to Stamford Bridge for the first time as the recently crowned double player-of-the-season. This season I'm seeing a very clinical player, every opportunity, every chance he takes'.
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".
He too has had an exciting week and is happy to finally have the draft process behind him and is ready to start playing football. According to a projection from ESPN, Mayfield's four-year deal will be worth about $32.5 million guaranteed.
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.
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.
And throughout her ordeal, the youngster has been cheered by listening to her favourite songs by the "Shake It Off" hitmaker. I knew it meant a lot to Isabella'. 'We have so much respect for them and how they raised her'.
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.
Rick Scott has a message for President Donald Trump: the United States needs to junk the 2015 Iran nuclear deal. Signatories, the five members of the UN Security Council and Germany, all strenuously support the agreement.
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 .
Now, he has little choice but to directly petition the UK's Court of Appeal, which is second only to the country's Supreme Court. The law firm that represented Indian banks in the case described the ruling as significant.
Saunders, from her "home" on the stage, opened up Alexa on her Amazon Echo smart speaker and added to her grocery list. The two tech leaders shared that customers would be able to use the two digital assistants in tangent in the future.
Moats , a competitive buffer between one's business and the rest of the competition, have historically been used by Warren Buffet. Musk launched The Boring Company in 2016 to alleviate traffic jams with a system of high-speed underground shortcuts.
Internationally, the film earned an estimated $162.6 million this weekend, making for a current foreign total of $713.3 million. The Avengers ($1.52 billion) now holds the record for the biggest global total for a superhero film.
Mr Watson said the party was taking action to tackle the problem, but acknowledged that more needed to be done. Votes in the local elections equated to a 35 per cent share for both Labour and the Conservatives .
Stoke City started slowly but grew into the game and were close to getting the lead through Mame Biram Diouf's glanced header. West Brom will join the Potters in the Championship next season if they fail to beat Tottenham this afternoon.
It took the 36-year-old Golovkin just two rounds to finish Martirosyan, who was fighting for the first time in almost two years. Gennady Golovkin dominated Vanes Martirosyan , winning with a second-round knockout (courtesy of Sporting News ).
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.