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Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains
Fp Staff •In May, Bentonville, Arkansas-based Walmart Inc acquired 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.
Swiggy raises $1 billion in funding round, led by the internet group Naspers
•Naspers said in a statement it had invested $660 million in Swiggy during this latest round
Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion
Fp Staff •Swiggy will use the funds to hire and strengthen its technology backbone, the company said.
Naspers, Canada pension plan invest $540 mn in online education startup Byju's; funding to drive innovation
•In June this year, Byju's had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.
BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion
•In June this year, BYJU'S had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.
Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains
Fp Staff •The deal, wherein co-founder Sachin Bansal and Japan's Softbank Corp Group exited, valued Flipkart at $20.8 billion.
Ola in talks with Naspers for fresh funding; cab-hailing major may see its valuation go up to $7-8 billion
Fp Staff •Ola is also in talks with Singapore's Temasek Holdings Pvt. Ltd and two other funds to raise $1 billion capital
Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials
•In case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.
China's Tencent Holdings in talks with global firms to invest in food delivery platform Swiggy
Fp Staff •The latest investment, if finalised, will value Swiggy at $2.5-3 billion and will mark the online foods delivery platform's third fundraise this year
Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September
Fp Staff •Following the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.