Wednesday, August 4, 2021

Enforcement Directorate threatens Flipkart, founders with $1.35 billion fine

Enforcement Directorate threatens Flipkart, founders with $1.35 billion fine Walmart took a majority stake in Flipkart for $16 billion in 2018, its biggest deal ever. Sachin Bansal sold his stake to Walmart at the time, while Binny Bansal retained a small stake.

from Moneycontrol Business News https://ift.tt/2WNDK3o

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...