The Indian e-commerce giant's acquisition of Walmart, the world's biggest retailer, is in line with its aims to tap into the $650 billion B2B retail market in the country.
The job cuts come as competition grows fiercer in the local retail market with Amazon stepping up investment and Mukesh Ambani preparing to roll out his e-commerce venture.
India’s shopkeepers are mobilizing against Amazon & Flipkart, alleging they are engaged in predatory pricing in violation of rules meant to protect local businesses.
California-based GGV Capital, a $6.2 billion investor in some of the biggest unicorns, is backing start-ups that serve India’s tiny, family-run kiranas.
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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