Walmart has announced about the acquisition of 77 percent shares in the Indian e-commerce Flipkart for 16 billion dollars.
The firm is planning to evlove as a non-banking financial company (NBFC).
Indra Nooyi (62) has been serving PepsiCo for 24 years and for 12 years she held up as the Chief Executive.
Walmart is among the world's largest spenders on technology.
The top rate will be 25% , and the lowest rate will be 5%.
India ranks way below at number nine, with a market capitalisation of a little over $2 trillion.
The company has reached historic milestone as its shares hit $207.05. Apple’s share price has grown to 2000% after Tim Cook became the Chief Executive of the company in 2011.
Other companies such as Mahindra&Mahindra and TATA Motors has also announced the price hikes from this month.
The ICICI Bank reported a loss of 120 crore for the first quarter of the fiscal year.
The Ministry of Finance tweeted the news.