The Latest: On March 5 2024, the India-based e-commerce giant Flipkart announced a USD54mn investment into Myntra, an India-based fashion e-commerce platform, a subsidiary company of Flipkart. This follows a similar investment in March 2023 of USD105mn. Flipkart’s investment into Myntra comes after the US-based Walmart, the largest shareholder in Flipkart, announced additional funds of USD600mn into its India investments.
You May Also Like
The MPC cut the policy rate to 1%, ahead of market expectations: signals a prolonged low-rate stance, with further easin…
The MPC cut the policy rate from 1.25% to 1.0% to ease financial conditions and support SMEs amid inflation risks. Despite expected economic growth at 2.0%, challenges persist, including tight credit for SMEs and a cautious approach toward low rates.
