Walmart Not Surprised with Facebook Investment into Reliance Jio

The entry of Facebook into the Indian retail market through an investment into Jio Platforms is “not surprising,”...

Walmart May Exit Flipkart Courtesy of New FDI Norms for E-Commerce Companies: Morgan Stanley

Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came...

Walmart Successfully Completes Deal to Acquire 77% Stake in Flipkart for USD 16 Billion

Walmart, the US-based retail giant today announced that it has successfully completed the deal to acquire Flipkart for...

Walmart to Buy Majority Stake in Flipkart for More Than $12 Billion

Numerous reports in recent times stated that Walmart is looking to buy a majority stake in India’s leading...