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Walmart in talks to invest $1bn in Flipkart

Walmart Stores is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt, as the two companies battle Amazon.com in e-commerce, according to a person familiar with the matter. Walmart, the world’s largest retailer,…

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Druva raises $51 mn in fresh funding led by Sequoia

Cloud data protection and management firm Druva has raised $51 million in fresh funding led by existing investor Sequoia Capital India and new investors such as EDBI, Blue Cloud Ventures and Hercules Capital.Druva will utilise the new capital to expand…

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RBI to rely more on liquidity than rates

With Consumer Price Index (CPI)-based inflation dropping to 5.1 per cent in August, the clamour for policy rate cuts has again increased. Much better monsoon rains after two back-to-back droughts and lingering weaknesses in manufacturing have again opened the case…

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RBI to rely more on liquidity than rates

With Consumer Price Index (CPI)-based inflation dropping to 5.1 per cent in August, the clamour for policy rate cuts has again increased. Much better monsoon rains after two back-to-back droughts and lingering weaknesses in manufacturing have again opened the case…

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Deutsche Post DHL Snaps Up UK Mail for $315.5 Million

Germany?s Deutsche Post DHL Group agreed to acquire UK Mail Group for 242.7 million pounds, ($315.5 million), bolstering its presence in one of Europe?s biggest e-commerce markets at a time of booming online orders for clothes, household goods and other…

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