The much speculated US-based retail giants Walmart Stores Inc., collaboration with Flipkart the e-commerce portal for a minority stake around $1 billion has been put on hold. With the latest news pouring in the audit which was conducted by Walmart may have fallen through due to some noticeable inconsistency in Flipkart’s financial report. Walmart Stores Inc previously tried the South American market with Bharti …

In a recent event, e-commerce giant witnessed another high-level exit as Flipkart’s Chief Financial Officer (CFO) Sanjay Baweja resigns from his post. He is one of those higher officials who comes in the list of latest quitting. Earlier, the company sacked as many as 700 to 1000 employees as a part of the cost-cutting drive. Moreover, the recent resignation of …