Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Flipkart plans to relocate to India from Singapore ahead of potential IPO
E-commerce behemoth Flipkart is actively exploring the possibility of relocating its holding company from Singapore back to India, a move often referred to as a "reverse flip." This potential restructuring is widely speculated to be a precursor to a future Initial Public Offering (IPO) of Flipkart in the Indian stock market. By shifting its domicile back to India, Flipkart could potentially simplify its corporate structure, benefit from the growing investor appetite for Indian tech companies in the domestic market, and align itself with government initiatives encouraging local incorporation. This move would be a significant development in the Indian startup and e-commerce landscape, paving the way for one of the country's largest IPOs.