The Flipkart-owned PhonePe incurred a loss of Rs 791.03 crore in FY18. The company's losses are mounting amid stern competition against rivals like Paytm, Google Pay and Amazon Pay

McMillon's letter comes amid accusations of \"unfair business practices\" and violation of FDI norms levelled against Flipkart and Amazon by the Confederation of All India Traders (CAIT), following which the government has increased its scrutiny

PhonePe CEO said that Walmart is now looking at the company differently in terms of its potential size and opportunities as to how they may work with them across different markets.

About 1.5 billion people are expected to watch the tournament worldwide, more than 15 times the audience for the Super Bowl of American football

Walmart International President and CEO Judith McKenna visited Bengaluru-headquartered Flipkart to commemorate the first anniversary of the partnership between the two companies, the e-commerce company said Friday.

McMillon expressed satisfaction at the progress made by Flipkart and said Walmart is aggressive on the Indian market given the size of the opportunity.

Flipkart's payments arm has been beefing up its war chest amid intensifying competition in India's $200 billion digital payment market, expected to mushroom to $1 trillion in the next five years

\"The brand is now very strong, and it will now leverage the strength of the overall group. I feel good about it,\" Ananth Narayana told Business Today.

How can Walmart correct the wobble in India's best known start-up?

Kalyan Krishnamurthy has a different working style, and both he and Narayanan don't see \"eye to eye\" on several issues, including Kalyan's push for the integration of Myntra and Jabong with Flipkart's fashion vertical, Flipkart Fashion.

Although Krishnamurthy didn't go into the details of the investigations, in his email, he assured employees that it will be business-as-usual, going forward.

Though Walmart has not disclosed the nature of the allegations, sources say the complaint was filed in July by one of the ex-employees of Flipkart, following which an inquiry was conducted by an independent law firm at the behest of Flipkart board.

While the investigation did not find evidence to corroborate the complainant's assertions against Binny, it did reveal other lapses in judgement, particularly a lack of transparency, related to how Binny responded to the situation, says the company.