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Walmart started talks for investment, ended in acquisition: Sachin Bansal
Sunday, April 14, 2019, 7:52 PM
Flipkart co-founder Sachin Bansal is betting big on the domestic financial services sector as he looks to acquire a majority stake in a Bengaluru-based microfinance firm, two people familiar with the matter said. A successful transaction could also result in Bansal taking the top job at the firm, marking his return to an executive position, the sources said.
Ola to launch self-drive service, to invest $500 million
Thursday, March 28, 2019, 9:21 AM
Homegrown ride-hailing platform Ola will invest over $500 million to launch 'self-drive' service aimed at broadening its portfolio of transportation solutions, according to two-people directly aware of company's plans. The investment will come from a mix-of-debt and equity over the next couple-of-years, according to one of persons. Ola will deploy nearly 10,000-vehicles, including luxury sedans and SUVs, in major-cities in coming months, said person.
India e-commerce norms: Amazon may have to sell Cloudtail, Appario stakes
Saturday, December 29, 2018, 7:44 AM
The norms for FDI in e-commerce put out on Wednesday bars e-commerce firms from selling products of entities in which they have an equity stake. This may effectively lead to Amazon offloading its investment in Cloudtail and Appario, which forms majority of its sales. Most large e-commerce firms previously exploited loopholes in existing FDI rules and created complex structures to get around the norms.
