Walmart-Flipkart deal to get government $2 billion: Report
Walmart's acquisition of majority stake in Indian e-commerce firm Flipkart in a $16-billion deal is expected to help the government collect up to $2 billion, as per reports. Walmart will reportedly deduct $1.5-2 billion as taxes before paying entities such as SoftBank, eBay, Naspers and the company's co-founder Sachin Bansal. The Competition Commission of India approved the deal on Wednesday.