India’s tough e-commerce norms bound to damage investor outlook
A customer carries a basket while shopping for school supplies at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Tuesday, Aug. 8, 2017. Wal-Mart Stores is scheduled to release earnings figures on August 17. Photographer: Patrick T. Fallon/Bloomberg
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On Monday, financial services firm Morgan Stanley published a report that said Walmart-owned online retailer Flipkart and its arch rival Amazon India would be hit by higher costs and slower sales growth because of India’s new e-commerce laws.