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 partnership marks the entry of Adani into the three-way fight for domination of India’s online shopping space. Up against the Walmart-Adani alliance is Amazon & Reliance Industries.
The group, which includes companies like Walmart & Target, is looking to back legislation that would require digital marketplaces to verify information about third-party merchants.
Pressure for less chemical-intensive farming methods is coming from retailers like Walmart, who are throwing more dollars toward organic foods with environmental claims.
After Walmart's $16 billion investment in Flipkart, the largest internet retailer's move of recruiting these unlikely suppliers is a sign of the fierce battle raging globally.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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