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Walmart buys 77% stake in Flipkart for $16 billion

United States retail giant Walmart will buy 77% stake in India’s Flipkart for 16 billion dollars.   Walmart’s Krish Iyer will be the CEO of the company which will continue to be based out of Bengaluru. Walmart and Flipkart will remain separate brands and the Indian e-commerce company will have …

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