Category: Trade

Walmart buys Flipkart’s 77% stake in its biggest takeover

US retailer Walmart Inc today acquired 77 per cent share in Flipkart for about USD 16 billion. It is Walmart `biggest acquisition till date. The deal also attracted the attention of Jeff Bezos, the richest person on the Bloomberg Billionaires Index. Amazon tried to take control of Flipkart with a competing offer but the board […]

Gold touches Rs 32,000-level

Gold prices reclaimed the Rs 32,000-level by rising Rs 100 to Rs 32,080 per 10 grams today, taking strength from scattered buying by local jewellers amid a firm trend overseas. Silver also strengthened by Rs 200 to Rs 40,500 per kg due to increased offtake by industrial units and coin makers. Gold prices firmed up […]