India hottest e-commerce market now, thanks to Jeff Bezos, Warren Buffett

Amazon and Flipkart have cornered about three-quarters of the online Indian retail market, but other big players are getting aggressive

India's long-neglected retail market is turning into one of the world's hottest thanks to Warren Buffett, Jeff Bezos and a frenzy of billion-dollar dealmaking.     

Walmart Inc just wrapped up a $16 billion agreement for control of the country's leading e-commerce player, Flipkart Online Services Pvt, while Bezos' Amazon.com Inc negotiates deals with a large supermarket chain and an investment in a prominent retail conglomerate, according to local media. This week, Buffett's Berkshire Hathaway Inc agreed to acquire a stake in the company behind digital payments leader Paytm.