US retail giant Walmart has assured the Indian income tax department that it will fulfil all tax obligations on its proposed USD 16 billion Flipkart buyout, an official said today.
ASUS launched its latest flagship smartphone ZenFone 5Z in India at a starting price of Rs 29,999.
Samsung India launched an online exclusive "Galaxy On6" smartphone with Infinity Display for Rs 14,490.
A lobby group of small Indian traders and shopkeepers has asked tens of thousands of its members to hold protests across the country against Walmart proposed $16 billion acquisition of Flipkart.
Walmart is now getting nearly half of its business through non-store or out-of-store sales channels, which include B2B e-commerce, associates' driven sales and call centres.
Nearly 10 lakh traders will protest at about 1,000 places across the country tomorrow against Walmart's proposed acquisition of 77% stake in Flipkart in a USD 16-bn deal.
Samsung announced that its recently launched Galaxy "J8" smartphone will be available for purchase in the country from June 28.
Walmart is selling bonds to help finance its acquisition in Flipkart, stuffing the U.S. investment grade market with another jumbo deal.
Digital payments major Paytm today said it has acquired Flipkart-backed startup, Cube26 for an undisclosed amount.
E-commerce platforms captured a record 38% share of the total smartphone channels in India in the first quarter of 2018, a new report said.
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