Photo: GB
Flipkart To Launch 'Flipkart Quick'; Now Operating In Major Cities
Owing to the growing customer demand, Walmart-owned Flipkart in a statement informed that five new warehouses are under development in Haryana and Hyderabad. The move will ensure faster delivery and better capabilities to support thousands of sellers, MSMEs, farmers, creating around 12,000 job opportunities. However, Flipkart plans to introduce hyperlocal service 'Flipkart Quick' to over 200 cities by 2022, currently, operating in Kolkata,… read-more
Tags: Flipkart, warehouse centre, Hyderabad, Haryana, Walmart India
Courtesy: Money Control
Photo: India.com
Flipkart May Face $1.35 Billion Penalty Over Violating Forex Norms
Walmart-owned Flipkart is alleged of hoodwinking foreign exchange laws and giving preferential treatment to select sellers by Enforcement Directorate (ED) today, Reportedly, it may have to pay a fine of $1.35 Billion. An ED official said, Flipkart attracted foreign investment and a related party, then sold goods on its shopping website which is against laws. Flipkart's spokesperson defended the company by saying "It complies with Indian rules… read-more
Tags: Flipkart, Walmart India, Foreign Exchange Management Act, online shopping
Courtesy: India Today
