What Walmart's earnings call signals about Flipkart
Updated : February 20, 2019 11:24 AM IST
After Tuesday's better-than-expected holiday quarter sales and profit, Walmart has proved its mettle in the US, its top market, but the results also highlighted the difficulty faced by the world’s largest retailer in getting a real shot at India’s booming e-commerce market.
The government tightened norms that came into effect on February 1, prohibiting foreign companies like Walmart and Amazon from selling their own products through their affiliated entities in the country.
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