E-COMMERCE IN INDIA is a political and regulatory minefield. US consumer giant Walmart Inc. — which has been waiting to launch the much-anticipated initial public offering of the online marketplace it acquired for $16 billion six years ago — has had its patience tested. It's unlikely to get Flipkart out the door next year: A 2026 IPO may be a more reasonable expectation, with a little diplomatic help from the incoming government in Washington.
The business side of things is not the reason for the delay. Flipkart is the country's largest e-commerce player, ahead of Amazon.com Inc. The homegrown app lacks the consumer-service finesse of its rival, but its sheer reach across a continent-sized geography gives it the heft that took the likes of Unilever Plc a century to build.
Denne historien er fra December 19, 2024-utgaven av Financial Express Delhi.
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Denne historien er fra December 19, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD IN the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".
US announces H-1B visa overhaul, Indian techies to benefit
TO TAKE EFFECT IN MID-JANUARY
Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday.
Sebi tightens SME IPO rules
Sebi cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the threshold for identifying HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introducing a sunset clause governing corporate governance of debt-listed securities.
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
Opposition seeks Shah's resignation
● PM defends HM; slams Cong & its 'rotten ecosystem'
Enhancing customer journey in the cloud
ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools.
Moving beyond conventional tech
● AI offers a wide range of benefits for SMEs
Drones deliver new hope to farmers
Aerial tech enhances farming efficiency, can tackle workforce woes
