Advertisement
Singapore markets open in 7 hours 17 minutes
  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     
  • S&P 500

    5,075.26
    +4.71 (+0.09%)
     
  • Dow

    38,496.32
    -7.37 (-0.02%)
     
  • Nasdaq

    15,740.62
    +43.98 (+0.28%)
     
  • Bitcoin USD

    65,005.12
    -1,732.12 (-2.60%)
     
  • CMC Crypto 200

    1,403.00
    -21.10 (-1.48%)
     
  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     
  • Gold

    2,338.60
    -3.50 (-0.15%)
     
  • Crude Oil

    82.62
    -0.74 (-0.89%)
     
  • 10-Yr Bond

    4.6600
    +0.0620 (+1.35%)
     
  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     
  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     
  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Could Walmart Acquire Majority Stake in India’s Flipkart?

Could Walmart Acquire Majority Stake in India’s Flipkart?

According to The Economic Times, Walmart (WMT) could soon announce a majority stake in Flipkart, one of India’s leading e-commerce players. The financial daily, citing people familiar with the matter, stated that Walmart could initially acquire a 20.0%–26.0% stake in Flipkart, and eventually raise it to 51.0%.