Morning News from India - May 14, 2018 Tweet14 May 2018
- Sensex, Nifty close flat ahead of Karnataka election results (Livemint)
- Exit Polls Vex India Stocks, Rupee as Majority Seen Eluding Modi (Bloomberg)
India CPI Inflation Rises To 4.58% In April (Bloomberg Quint)
- The India smartphone market starts the year 2018 with its strongest ever first quarter shipments, says IDC
- We are seeing momentum, the tide is turning: TCS CEO (The Hindu) - INFY, WIT
- Flipkart introduces flight bookings powered by MakeMyTrip (The News Minute) - MMYT, YTRA
- Tata Power Plans $5 Billion Push to Boost Renewable Capacity (Bloomberg Quint) - AZRE
- Tiger global management, Flipkart and India’s startup ecosystem
SoftBank in talks to invest big money in Paytm Mall(Economic Times)
- Walmart’s deal to buy Flipkart came with an interesting caveat (Tech Crunch)
Retail giant Walmart, which earlier this week announced that it’s paying $16 billion for a 77 percent stake in the Indian e-commerce company, Flipkart Group, could have to take Flipkart public within four years, shows a public filing that was reported on earlier by Reuters.
Specifically, the filing states that, “acting together,” holders of 60 percent of the Flipkart shares held by the company’s minority shareholders, may require Flipkart to stage an IPO following the fourth anniversary of the deal’s official close — and at a valuation that’s “no less” than that paid by Walmart under its current agreement, which is $20.8 billion.
- Walmart-Flipkart: Young Entrepreneurs’ Pride, Government’s Shame (Bloomberg Quint)