Walmart bought a controlling stake in Flipkart in 2018, giving it ownership of PhonePe. The company said last month it would remain a majority stakeholder in both the companies.
The world's biggest retailer, Walmart, is keen to bring in strategic investors for the Indian e-commerce company but is also open to selling to large pure-play investment firms.
General Atlantic is likely to lead the round with an investment of $450- $500 million, making PhonePe the most valuable Indian financial tech firm, surpassing Razorpay and Paytm.
The suspect was arrested in California for fatally shooting his daughter-in-law at a Walmart parking lot. He reportedly travelled over 240 km to find her.
Whoever comes out on top this Diwali gains more than bragging rights. Investors will be watching how Amazon and Flipkart fare against domestic competition such as Reliance.
Oracle & Walmart say American investors will control more than 50% of the new TikTok Global. But this is at odds with ByteDance’s insistence that the company will get a 80% stake.
Rather than attempting to overthrow the current system, Chinese commentary positions the country as both defending existing frameworks and guiding their evolution.
Gurugram: Stirring a storm in Haryana's real estate circles, the Haryana Shehri Vikas Pradhikaran (HSVP)—the state's urban development agency—has taken on the role of...
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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