Walmart, Flipkart asked to explain India business model 
The National Company Law Appellate Tribunal (NCLAT) has asked Walmart and Flipkart to explain their way of doing business in India. The order relates to an appeal petition filed by traders' body CAIT against Competition Commission of India's approval of the Walmart-Flipkart deal. CAIT said the combination would create unfair competition and drive local convenience stores out of business.