November 24, 2024 10:36 (IST)
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$1-billion tax imposed on retail giant Walmart for PhonePe relocation to India: Report

$1-billion tax imposed on retail giant Walmart for PhonePe relocation to India: Report

New Delhi: The Indian government has imposed a tax of $ 1 billion on Walmart and digital payments company PhonePe for shifting the latter’s base to India from Singapore, Bloomberg reported.