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Walmart unit asked to explain India business model after Flipkart purchase NCLAT  has asked US retail major  Walmart  and  e-commerce  major  Flipkart  to explain their way of doing business in India. instagram The National Company Law Appellate Tribunal (NCLAT) has asked US retail major Walmart and e-commerce major Flipkart to explain their way of doing business in India. NCLAT, which is also an appellate authority over the Competition Commission of India (CCI), has asked Wal-Mart International Holdings Inc to file its reply before it by September 20, 2018. Wal-Mart International Holdings, Inc is a subsidiary of Walmart Inc. It has also asked trader's body CAIT, which has filed an appeal before NCLAT challenging the go ahead by fair trade regulator CCI on Walmart's $16 billion acquisition of home-grown Flipkart, to file its understanding over the Walmart's busin...

In-flight wifi services from october :  here's what you have to pay back EW DELHI: Soon, it would be possible for Indian fliers to make calls and browse internet while flying as the Department of Telecom  is set to allow in-flight connectivity (IFC) services from October. As per the existing rules, no person can use any electronic device which intentionally transmits radio signals at all times while on board an aircraft for the purpose of flight. Technologically, it would not be very difficult for Indian carriers to launch the facility after they obtain the licence. However, providing IFC services will depend on its cost and price. How much it will cost According to aviation experts, it would be tough for carriers to provide IFC since the cost and turnaround time for retrofitting an aircraft for IFC are quite high. "As per industry sources, the cost of installation is estimated to be around $100,000 per aircraft and turnaround time would be about eight days. The ...