In the era of Amazon-Walmart-Flipkart versus Rest of India, it could be the death of the deep discount.

On May 9, Walmart bought a 77% stake in Flipkart for $16 billion, pitting it directly against Amazon, which launched India operations in Ju...

The firm has also been handsomely rewarded by investors. Its stock has appreciated by as much as 375% since the beginning of this year.