India Digest: Flipkart cost cut; Essar Oil stake sale; Muthoot Fincorp fund raise

India Digest: Flipkart cost cut; Essar Oil stake sale; Muthoot Fincorp fund raise

While Flipkart is looking to cut costs by merging some of its departments and operations, Essar Oil is in talks to sell more stake. Also, Muthoot Fincorp is looking to raise up to $75 million for which it is in talks with global private equity funds.

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