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Walmart may exit Flipkart due to new FDI rules: Morgan Stanley
short by Pragya Swastik / on 05 Feb 2019,Tuesday
US-based brokerage firm Morgan Stanley has said the US-based retail giant Walmart's exit from Flipkart is "likely, not completely out of the question" with India's new FDI norms for e-commerce. "We estimate that Flipkart derives 50% of its revenue from high-selling electronics category," said Morgan Stanley. "It could face meaningful disruption and top-line pressure in the near term," it added.
short by Pragya Swastik / 03:01 pm on 05 Feb
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