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Walmart in preliminary talks to invest $1 billion in Flipkart

Walmart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt. Ltd in exchange for a minority stake in the Bengaluru-based e-commerce company, according to several reports. The move is being widely...

Flipkart valuation marked up 10 pc by investor Valic

After facing a successive markdown in the past few months by its investors, the valuation of India's largest e-commerce firm, Flipkart has been marked up by Valic Co., a mutual fund investor in the firm. Valic has marked up the...

Morgan Stanley Fund cuts Flipkart valuation again by 15.5 pc

Morgan Stanley Mutual Fund Trust, a mutual fund investor in Flipkart Ltd, has lowered its estimate of the online retailer’s valuation to $9.39 billion. This is the second consecutive markdown by Morgan Stanley, after it had marked it down...
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Malabar Group’s Playaza to launch Rs 20 crore FEC in Kochi

The 23,000 sq. ft. outlet will be located at Centre Square Mall, MG Road, Kochi Bengaluru: Retail conglomerate Malabar Group’s...
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