Technology News

Flipkart Says India Not Ready for a Big Internet IPO

By Reuters | Updated: 16 January 2016 18:22 IST
Flipkart Says India Not Ready for a Big Internet IPO
Advertisement
The co-founder of Flipkart, India's biggest e-commerce company, said on Saturday that the country's stock markets were not yet ready for a large Internet listing.

Sachin Bansal's comments at a startup conference in New Delhi came days after a rejig in the top management that was viewed by some as a step toward a stock market listing.

"Indian markets are not yet ready for a large Internet company listing but we would absolutely love to list here when the time comes," he said.

But India's junior minister of finance Jayant Sinha told the same conference that listing of Internet stocks on Indian markets would be a big boost for the economy.

India's market regulator has eased some rules to make it easier for home grown start ups to list their shares on local bourses.

© Thomson Reuters 2016

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Flipkart, Flipkart IPO, Internet
Startup India: Tax Sops for Angel Investment Will Boost Initiative, Says Google India
Uber's Kalanick: India's Payment System Prompted a Change in Operations

Related Stories

Flipkart Says India Not Ready for a Big Internet IPO
Comment
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Featured
Follow Us
Latest Videos
More Videos
Tech News in Hindi
More Technology News in Hindi

Advertisement

Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. JioCinema Premium Plans With Ad-Free 4K Streaming Announced: See Price
  2. OnePlus Watch 2 Gets a New Nordic Blue Colour Variant: See Price
  3. Infinix GT 20 Pro 5G Price, Renders, Specifications Tipped
  4. iQoo Z9 Turbo, iQoo Z9, iQoo Z9x Launched: Check Price, Specifications
  5. Flipkart Upcoming Sale 2024: Check out Next Sale Date and Best Offers
  6. WhatsApp May Soon Let You Call Unsaved Contacts Using This Feature
  7. Ray-Ban Meta Smart Glasses: Versatile and Practical
  8. Australia Now Has Over 1,000 Active Crypto ATM Machines: Report
  9. These Brands Could Launch the First Snapdragon 8 Gen 4-Powered Phones
#Latest Stories
  1. JioCinema Premium Plans With Ad-Free 4K Video Streaming Starting at Rs. 29 Announced
  2. WhatsApp Passkey Support Rolling Out for iPhone Users: How to Set It Up
  3. OnePlus Watch 2 Introduced in New Nordic Blue Colour Option: Price, Availability
  4. iQoo Z9 Turbo, iQoo Z9, iQoo Z9x With 6,000mAh Battery, Snapdragon SoCs Launched: Price, Specifications
  5. WhatsApp Working on In-App Dialler Feature to Call Unsaved Contacts: Report
  6. Xiaomi Tipped to Launch First Snapdragon 8 Gen 4-Powered Smartphone Ahead of OnePlus, iQoo
  7. X to Boost Its ‘Video-First’ Plans With a New Smart TV App, CEO Linda Yaccarino Reveals
  8. Gigabyte Aorus 49-Inch AI-Enabled QD-OLED Gaming Monitor Debuts in India: Price, Features
  9. HMD Pulse Pro, Pulse and Pulse+ With Unisoc T606 Chip, Gen 1 Repairability Launched: Price, Specifications
  10. OpenAI Announces New Assistants API Features and Tools for Enterprise Users
Gadgets 360 is available in
Follow Us
Download Our Apps
App Store App Store
Available in Hindi
App Store
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »