US-Iran war CJP protest in Delhi US-Saudi nuclear deal Wildfires in Europe El Nino

Walmart expected to buy a minority stake in Indian e-commerce site Flipkart: Report

A deal could be finalized as early as March and may involve primary and secondary sales by longstanding Flipkart investors

|Jan 31, 2018, 09:43:05 IST

US retailer Wal-Mart Stores Inc is in advanced talks to buy a minority stake in Indian e-commerce firm Flipkart, Indian financial daily the Economic Times reported on 30 January.[caption id="attachment_4237505" align="alignleft" width="380"] Flipkart. Reuters.[/caption]Walmart could buy a 15 percent to 20 percent stake in Amazon.com Inc's main competitor in India, the newspaper said, citing two anonymous sources.A deal could be finalized as early as March and may involve primary and secondary sales by longstanding Flipkart investors, the paper added.“We don’t comment on rumors and speculation,” Walmart spokesman Randy Hargrove told Reuters via email.Bengaluru-based Flipkart was not immediately available for comment outside regular business hours.The news comes nearly two years after Reuters reported that Walmart was looking to invest between $750 million and $1 billion in Flipkart.

Why AI notetakers are raising serious privacy and security concerns

AI notetakers promise effortless meeting summaries, but experts warn they could expose confidential conversations, corporate secrets and personal voiceprints. As businesses increasingly adopt AI-powered meeting assistants, questions over data storage, privacy, consent and legal risks are becoming impossible to ignore

5 min read

China's low-cost AI models are changing the global AI race. Here's why Silicon Valley is worried

As Chinese firms continue to improve performance while keeping prices low, the AI race is no longer just about building the smartest model—it is increasingly becoming a battle over who can deliver the best value

2 min read

China's Kimi K3 challenges US AI leaders with frontier-level performance at lower cost

Chinese artificial intelligence startup Moonshot AI has unveiled its latest open-weight AI model, Kimi K3, with early results suggesting it could compete with some of the world's most advanced AI systems developed by leading US companies

2 min read

How did Instagram run ads promoting child abuse in India?

India has issued a notice to Meta after an investigation alleged that Instagram displayed paid advertisements promoting child sexual abuse material. MeitY ordered Meta to remove such Instagram ads and explain within seven days how they were approved

8 min read

Why has India halted WhatsApp’s username feature before launch?

India has halted WhatsApp’s planned username feature, citing concerns about cybercrime, impersonation, and law enforcement challenges. As Meta races to address security concerns, here’s why MeitY has paused the rollout, what the feature does, and how it could influence privacy and online safety in India

3 min read

Up Next