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Walmart May Exit Flipkart After Implementation Of New FDI Rules: Morgan Stanley Report
India’s biggest startup acquisition in history might be in danger of falling apart, less than a year after it was announced. Walmart could exit Flipkart after India introduced new e-commerce rules which prevent e-commerce marketplaces from selling items from their own companies, a Morgan Stanley report has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report said. “There is a precedent for an exit as Amazon...