Wal-Mart in Talks to Invest Up to $1 Billion in Flipkart

Wal-Mart in Talks to Invest Up to $1 Billion in Flipkart

Wal-Mart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc. in e-commerce, according to a person familiar with the matter. Wal-Mart, the world’s largest retailer, would take a minority stake in Flipkart under the proposed agreement, the person said, asking not to be identified because the matter is private. Final terms of the deal have not been worked…

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NASA to launch another spacecraft

NASA to launch another spacecraft

Next month Nasa will launch a spacecraft on its journey towards an asteroid, where it will collect and return samples that experts believe may hold the building blocks of life. Nasa’s OSRIS-REx spacecraft will travel for two years to reach Bennu, and plans to return to Earth in 2023. Fitted with sensors, the craft will map out the surface of the asteroid in order to address basic questions about the composition of the very early…

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