Wednesday, 9 May 2018
Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal
Walmart Inc. on Wednesday announced its high profile acquisition of Flipkart for $16 billion for a valuation of over $20 billion, making it the largest ecommerce acquisition in the world. The Bentonville company has acquired 77% of the Bengaluru-based company, as per sources.
You can read more here: Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal
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Life insurers earn more in Oct selling lesser policies
The 24-company Indian life insurance industry closed last month with new business of Rs 22,776.03 crore, up by 31.87 per cent over the prev...
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