Flipkart’s Loss Narrows By More Than Half In First Year Of Walmart Takeover

Flipkart’s losses fell by more than half in the first year of Walmart Inc. taking over the online retailer.Flipkart, which also owns fashion retailers Myntra and Jabong, and PhonePe payments platform, reported a loss of Rs 17,231 crore, or about $2.4 billion, in the year ended March, according to filings with the Accounting and Corporate Regulatory Authority of Singapore. It had reported a loss of Rs 46,901 crore or about $6.7 billio...