Walmart incurs $290m impairment on Jabong, is bullish about Flipkart, PhonePe

Walmart incurs $290m impairment on Jabong, is bullish about Flipkart, PhonePe

Photo: Reuters

American retail giant Walmart has incurred a non-cash impairment charge of $290 million related to Jabong’s trade name, it disclosed in an earnings call this week.