Walmart-Flipkart Deal Good news for you: 100 million job opportunities will be created
Walmart CEO Doug McMillan has announced that after this deal, more than 10 million jobs will be created in the Indian market.
New Delhi: Not only is this a special deal on Walmart and Flipkart deals, which is more than 1, 7, 000 crores. There is much more to it that you can be happy to know.
Walmart CEO Doug McMillan has announced that after this deal, more than 10 million jobs will be created in the Indian market. The kind of Walmart business model will not only create new jobs in India through new investment, but the grocery will provide a platform to shopkeepers, which will earn them more and they will be able to make more profit from retail as well as online medium.
After the deal, Binny Bansal, one of the founders of Flipkart, had also said that this deal will benefit Indian businessmen as it is going to be beneficial for small industries.
Although there are some other things about this deal, like Softbank CEO Mayshoshi Sun has clarified about its 20-22% stake in the e-commerce company Flipkart that the American retailer Wal-Mart sells its shares He has not taken any decision right now.In the seven to ten days, it can be decided that he should come out of Flipkart or for some more time. Esh be retained.
The key reason behind this is that the sale of the stake will have to be paid on the profit due to SoftBank, on which basis he will decide. Softbank invested $ 2.5 billion in Flipkart, while coming out of it would get $ 4.5 billion. Thus, according to Indian law on the benefit of two billion dollars, it will be taxed.
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