Walmart has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. The transaction brings the value of the e-commerce firm to $35 billion from nearly $38 billion after it sold its… Continue reading Walmart buys out $1.4 billion hedge fund Tiger Global’s stake in Flipkart
Tag: fund
Can Jio disrupt the mutual fund business?
Mukesh Ambani’s newly demerged entity Jio Financial Services, about which hardly anything is known, is widely expected to disrupt the $540 billion Indian mutual fund (MF) business. It has formed a 50:50 joint venture with giant US fund house BlackRock to “transform India’s asset management industry” and “democratise access” to options for Indians by… Continue reading Can Jio disrupt the mutual fund business?