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.
The funding round saw the participation of sovereign wealth and pension funds and included Walmart, SoftBank Tencent Holdings & Blackstone Group-backed Antara Capital among others.
India's e-commerce market is going through significant changes, particularly through the impending merging of online and offline retail with Big Tech investments.
Walmart Inc., the world’s largest retailer, could be forced to publicly list its newly acquired Indian e-commerce company, Flipkart Group, within four years at the request of a small minority of Flipkart shareholders, a public filing shows.
Considering the fact that Walmart has failed to build up its own Indian business in 11 years, the deal represents a second-best outcome at most.
Walmart...
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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