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Tag Archives: Morgan Stanley

Morgan Stanley MF slashes Flipkart’s valuation to $5.5bn

A mutual fund managed by Morgan Stanley has sharply cut the value of its shares in India’s largest e-tailer for the fourth time over a period of a year, valuing the company at $5.5 billion.This is by far the most sizeable correction for Flipkart, which last raised a financing round in July 2015 when its paper valuation stood at $15.2 ... Read More »

Walmart, Flipkart may gang up on Amazon

NEW DELHI: The world’s biggest retailer Walmart Stores Inc is exploring an equity partnership with Flipkart to take on common rival Amazon in India, two persons directly aware of the development said. The companies are engaged in early talks and a meeting is scheduled this week that will include discussions on Walmart picking up a minority stake in India’s largest ... Read More »

Govt may get support for GST bill in 2016: Morgan Stanley

Key to the bill’s passage is a reduction in Upper House members opposing it. Morgan Stanley forecasts that to happen by July this year. The government is likely to gain the votes it needs to pass the Goods and Services Tax (GST) bill this year which could have far-reaching macroeconomic and earnings implications, says a Morgan Stanley report. “The government ... Read More »