Flipkart acquires Walmart India

Photo: News Karnataka

Flipkart To Launch Wholesale Marketplace After Acquiring Walmart India

Flipkart Group on July 23 announced the acquisition of the Best Price cash-and-carry business, 'Walmart' India, and it has also said that it will launch a new digital market place 'Flipkart Wholesale.' This will focus on the Business-to-Business (B2B) segment in India. India's retail ecosystem and Flipkart Wholesale will keep Kiranas and MSMEs at the centre and will focus on small businesses with potential. 

Thu, 23 Jul 2020 - 05:14 PM / by Bhavyata Kagrana

Tags: Flipkart Wholesale, Walmart India, MSMEs

Walmart- Flipkart

Photo: Entrackr

Flipkart Acquires Walmart India, to launch 'Flipkart Wholesale' in August

On July 23, Flipkart announced the acquisition of Walmart India for an undisclosed amount and said that it will launch a new digital marketplace next month - 'Flipkart Wholesale'. This B2B segment will leverage and strengthen the growth of grocery business. "The marketplace is expected to effectively link sellers and… read-more

Thu, 23 Jul 2020 - 02:34 PM / by Sweety Agarwal

Tags: Flipkart, Walmart India, Acquisition, B2B, MSMEs, Flipkart Wholesale

Courtesy: The Indian Express

Source: https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.financialexpress.com%2Feconomy%2Fdeveloping-country-debt-jumps-to-7-8-trillion-in-2018-world-bank%2F1724666%2F&psig=AOvVaw1Lvd3YCCnKN0gneA6CsRiE&ust=1593704168065000&source=images&cd=vfe&ved=0CAMQjB1qFwoTCLCKlOuwrOoCFQAAAAAdAAAAABAD
15 Crore Viable MSMEs To Get Support 750 Million USD From World Bank

On July 1, the World Bank said that it will provide US$ 750 million budget support to 15 crore MSMEs. This decision comes forward to increase liquidity access for the potential small business to overcome the COVID-19 impact. During July 2019-June 2020, World Bank has extended USD 5.13 billion loans to India. Junaid Ahmed, World Bank Country Director in India stated this is direct budget support.

Wed, 01 Jul 2020 - 07:35 PM / by Bhavyata Kagrana

Tags: World Bank, India, MSMEs

Courtesy: The Indian Express

Representative image via PTI
India To Refuse Chinese Investors For Highway Projects And MSMEs

Union Minister of Micro, Small and Medium Enterprises (MSME) and Transport, Nitin Gadkari said India will deny Chinese companies or investors to participate in highway and other infrastructure projects, including those through joint ventures. The minister added that a policy will be out soon banning Chinese firms and relaxing norms for Indian companies to expand their eligibility criteria for participation in highway projects.

Wed, 01 Jul 2020 - 06:34 PM / by Kajol Pravina

Tags: Nitin Gadkari, MSMEs, Chinese investors, Indo-China dispute, Transport

Courtesy: The Indian Express

Representative image
Minister Of MSME Asks To Allow Chinese Imports

Minister of Micro, Small, and Medium Enterprises (MSMEs), Nitin Gadkari has requested Finance and Trade Ministries to permit the Chinese imports and consignments which are being held at ports across the country. A senior government official said that small and micro businesses have dependency on these Chinese imports as raw materials for manufacturing products.

Sun, 28 Jun 2020 - 06:38 PM / by Kajol Pravina

Tags: Nitin Gadkari, MSMEs, Chinese goods

Courtesy: LiveMint

Nirmala Sitharaman
Modi Government further changes the definition of MSMEs

The government on June 1 further revised the definition of MSMEs beyond the revisions announced during the Ôé╣20 lakh crore economic package announcement made last month. The turnover limit for medium enterprises has been further amended to Ôé╣250 crore and investment limit has been raised to Ôé╣50 crore. These were earlier Ôé╣100 crore and Ôé╣20 crore respectively.

Mon, 01 Jun 2020 - 08:06 PM / by Harsh V Singh

Tags: MSMEs, Central Government, Economic Package

Courtesy: Financial Express