Deal | The Asian Age

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As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, sold their holdings to Walmart.

Income Tax dept examining taxation issues in Walmart-Flipkart deal

Walmart has reportedly paid over Rs 7,439 crore as taxes to the government on payments made by it to major shareholders of Flipkart.

04 Dec 2018 4:22 PM

After high-stakes talks on Saturday between US President Donald Trump and Chinese President Xi Jinping in Argentina, the White House said in a statement that China was “open to approving the previously unapproved” deal for Qualcomm to acquire NXP “should it again be presented”.

Qualcomm says China comment will not revive NXP deal

Qualcomm walked away from its agreement to buy NXP in July.

04 Dec 2018 10:08 AM

Plantronics added in its statement that Logitech approached it regarding a potential acquisition, and that it engaged in discussions in line with its fiduciary duties.

Logitech ends negotiations to acquire Plantronics

The companies confirmed the talks on Sunday, but said they had now been terminated.

27 Nov 2018 7:40 AM

Defence procurement happening speedily but with 'due diligence intact': Sitharaman

Sitharaman also urged defence manufacturers to get out of the mindset of looking at the India market alone.

15 Nov 2018 3:54 PM

Share purchase agreement (SPA) stands terminated as all the conditions precedent were not satisfied within the stipulated time period," IndusInd Bank said.

IndusInd Bank calls off deal to acquire IL&FS Securities Services

IL&FS initiated the process for divesting its stake in IL&FS Securities Services and ISSL.

13 Nov 2018 1:20 PM

On account of FDI restrictions, Walmart India can not engage in selling directly to consumers.

Walmart-Flipkart deal: NCLAT adjourns hearing over CCI's approval

Traders' body CAIT against fair trade regulator CCI's approval for Walmart's USD 16 billion acquisition of Flipkart.

12 Nov 2018 4:30 PM

The deal underscores how top brands such as Apple and Nike Inc which long resisted distributing products via Amazon. (Photo: AFP)

Amazon strikes deal with Apple to sell iPhones, iPads

About 71 per cent of Apple’s sales in fiscal 2018, ended in September, were through indirect distribution channels like Amazon.

10 Nov 2018 11:53 AM

IDBI Bank had said that LIC's open offer to purchase shares from the minority shareholders of the state-owned bank will kick-start from December 3.

LIC seeks CCI nod for IDBI Bank deal

LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26 per cent of the fully paid-up equity capital of IDBI Bank.

31 Oct 2018 5:25 PM

Sony expects unconditional approval or for the Commission to open a full-scale investigation on Oct. 26 at the end of its review.

Sony makes no concessions to EU regulators in EMI music bid

The deadline for proposed concessions in the European Commission’s preliminary assessment of the deal was Oct. 19.

23 Oct 2018 8:40 AM

Walmart said it expects its US same-store sales growth to be in the range of 2.5-3 per cent.

Walmart says USD 16 billion Flipkart deal to hit earnings

Walmart expects net sales growth to be about 5 per cent internationally in constant currency.

16 Oct 2018 7:22 PM

Amazon and Samara Capital deal to acquire ABRL has to get clearance from the Competition Commission of India. (Photo: PTI)

Amazon, Samara Capital buy Aditya Birla Group's retail chain More: report

Samara Capital acquired 51 per cent stake in ABRL while the Amazon will acquire the remaining 49 per cent stake.

19 Sep 2018 4:38 PM

Wipro will provide a comprehensive suite of solutions and services to Alight Solutions.

Wipro strikes its biggest deal, hopes to win lost ground

During Q4, Wipro signed a strategic partnership with Alight Solutions to acquire its India operations for $117 million.

03 Sep 2018 9:01 AM

Idea, a part of the Aditya Birla conglomerate, and Vodafone both declined to comment.

Idea and Vodafone's India deal edges closer to completion: source

Vodafone had set the end of August - or Friday - as its target to close the deal.

31 Aug 2018 8:34 AM

The jury is not yet out on whether LIC acquiring IDBI banks is a prudent investment or not.

As a captive bank, IDBI will get fresh liquidity from LIC deposits

IRDA has bent backwards and favoured LIC, which has been bailing out government divestment initiatives.

27 Aug 2018 8:46 AM

Six members of Tesla’s board of directors said in a separate statement that they were informed on Thursday that Musk was abandoning his take-private bid. (AP Photo/David Zalubowski, File)

Tesla CEO Musk drops pursuit of USD 72 billion take-private deal

The decision leaves Tesla as a publicly listed company but raises new questions about its future.

25 Aug 2018 11:03 AM

CAIT said it will launch a nation-wide Rath Yatra on September 15 against the deal.

Traders to shut shops on Sept 28 against Walmart-Flipkart deal

The traders' body will also hold a mega rally here on December 16 to protest "discriminatory treatment against traders.

21 Aug 2018 8:59 AM

I-T department had written to Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (2) of the I-T Act.

Walmart may approach I-T dept to determine tax liability in Flipkart deal

Walmart last month assured the I-T department that it will fulfil all tax obligations.

09 Aug 2018 1:08 PM

IHH proposal offers a more strategically and financially compelling proposition along with simplicity and certainty.

IHH Healthcare wins race for Fortis, to invest Rs 4,000 cr

Malaysian firm will make a mandatory open offer to public shareholders for 26 pc of the outstanding shares post issuance.

13 Jul 2018 8:49 AM

Adani has emerged as the highest bidder (H1) with an offer of about Rs 6,000 crore, while Patanjali’s bid was worth around Rs 5,700 crore. (Photo: PTI/File)

Patanjali says won’t back out from race to acquire Ruchi Soya

Patanjali was asked to submit a revised bid by June 16 to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.

11 Jul 2018 8:57 AM

The CAIT has been demanding the govt to scrap the deal and constitute a regulatory authority to regulate and monitor the country’s e-commerce market.

Flipkart deal in line with India’s FDI policy: Walmart

Walmart does not seem to have violated any existing FDI rules for investment in e-marketplaces.

03 Jul 2018 10:53 AM

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Sunil Gatade