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What Walmart-Flipkart deal could mean for e-commerce in India

Policy direction for domestic e-commerce regulations could change. Will the dominance of online retail by foreign companies be liberalised or curtailed? Watch this space.

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Flipkart (above, its online services HQ in Bengaluru) started out in 2008, selling just books. Its buyout by Walmart gives the US retail giant access to more than a million of its customers and casts Walmart as a key player in India's e-commerce.

THE world witnessed its biggest e-commerce deal when the American retail giant, Walmart, announced the acquisition of a 77 per cent stake in Flipkart, India's major online retail platform. The acquisition, at a value of US$16 billion, is reportedly the largest buyout by Walmart in online retail

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