Flipkart shifts holding company to India from Singapore ahead of planned IPO

Walmart's Indian e-commerce firm Flipkart has shifted its holding company to India from Singapore, the company said on Monday, paving the way for its planned stock market listing in the country. The firm joins dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills but are now queuing to return home from financial hubs such as Singapore due to better IPO prospects in the country.Also Read | Flipkart asks nearly 500 employees to exit after performance r ...