CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With Flipkart which company received approval from the Competition Commission of India (CCI)?
A
EBay
B
Snapdeal
C
Amazon
D
Oyo stores
Explanation: 

Detailed explanation-1: -Chinese tech giant Tencent had bought a stake worth $264 million (about Rs 2, 060 crore) in Walmart-owned e-commerce firm Flipkart from its co-founder, Binny Bansal, through its European subsidiary, according to the sources.

Detailed explanation-2: -Citing its indirect shareholding in Future Retail, Amazon had opposed its stake sale worth ₹24, 713 crore to Reliance Industries. The CCI order said Amazon had not disclosed its interest in Future Retail, while seeking approval for its investment in Future Coupons.

Detailed explanation-3: -Walmart Inc on Wednesday announced that it would pay $16 billion for an initial stake of approximately 77% in homegrown e-commerce company Flipkart. The deal values Flipkart at $20.8 billion, according to sources.

There is 1 question to complete.