India

Walmart looking to buy stake in India’s Flipkart

Walmart looking to buy stake in India’s Flipkart

MUMBAI — Walmart is in talks to buy a stake in Indian e-commerce company Flipkart, Thomson Reuters reported today, citing sources familiar with the matter. Walmart is reportedly eyeing a stake of 40% or more in India’s largest online marketplace. An investment from Walmart would give Flipkart muscle in its battle with Amazon.com, which has

India ripe for retail

India ripe for retail

CHICAGO — An expanding economy and a growing middle class make India the developing country that is most promising for retail development, according to the latest Global Retail Development Index (GRDI) from management consulting firm A.T. Kearney Inc. Recent changes in the regulatory environment is another factor cited by Kearney for placing India atop its