Flipkart to focus on grocery, hotel business; to trim workforce as part of annual performance review thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The fresh fundraise is likely to value Flipkart at about a 5-10% premium to its latest valuation of around $33 billion, the people said requesting anonymity.
India s antitrust body, the Competition Commission of India (CCI), has appointed Ansuman Pattnaik as the head of its investigations unit, succeeding Atul Verma. Pattnaik, with 28 years of government experience, previously worked at the CCI from 2014 to 2019. He supervised investigations into companies like Google for market power abuse and global beer firms for alleged price collusion.