News digest Walmart Flipkart bid NCLT Binani row EPFO hack and more

Confidential data from one of the Aadhaar-seeding portals of the Employees Provident Fund Organisation (EPFO) has been stolen by hackers

Amazon offers to buy 60% stake in Flipkart, but Walmart still ahead

American e-commerce major Amazon has formally entered the battle for Flipkart, a move that may slow down rival Walmart’s effort to buy a controlling stake in the Bengaluru-headquartered firm. Sources indicated that Amazon, which aggressively competes with Flipkart in the India market, has put in a matching bid along with a $2-billion breakaway fee. While a competing bid could possibly raise Flipkart’s valuation, thereby helping investors, Walmart is learnt to be determined to strike a deal with India’s e-commerce poster boy. Read More

NCLT Kolkata bench orders