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ONDC Framing Mechanism to Ensure Rule Compliance by Entities Involved

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Government-promoted Open Network for Digital Commerce (ONDC) is framing a mechanism to ensure compliance with its rules by entities involved in online retail trading, a senior official said on Thursday. The ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium … Read more

Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report

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Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart for about $1.5 billion (roughly Rs. 12,235 crore), the Economic Times reported on Thursday. The stake, which collectively amounts to about 5 percent, would raise Walmart‘s … Read more