According to a survey by Grand Thornton, India has been ranked 6th on the global optimism index in the first quarter of 2018. The report stated that the business optimism in the country has gone down while entering the last year of the current regime.
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Food giant Nestle to pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products across the world in a global alliance which is aimed at reinvigorating the coffee empire. The deal will reinforce the position of Nestle as the world’s biggest coffee company while it tries to fortify its place in a fast-changing market.
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It is finally official that Walmart has acquired Flipkart. The largest retailer in the world will acquire a 77% stake in the Indian e-commerce company for a whopping $16 billion in the biggest acquisition ever. Walmart’s president Doug McMillon mentioned that India is one of the most attractive retail markets in the world and this investment opportunity to partner with the company will be... Read Full Article