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Last Updated Friday February 23 2018 02:00 AM IST

Walmart in talks to buy more than 40% of Flipkart

Terms under discussion were not immediately available, but Flipkart would be valued at more than the $12 billion figure given when Japan's SoftBank Group Corp's Vision Fund took roughly a fifth of the firm last year for $2.5 billion.

2017: Indian IT industry's year of disruptions

The industry has been wading through the challenges thrown by disruptive technologies, changing business models, rising protectionism, anti-globalization and political and economic upheavals and single-digit growth.

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