The fresh equity round values Flipkart, where Walmart acquired a majority stake for USD 16 billion two years ago, at USD 24.9 billion.
14 Jul 2020 7:33 PM
Walmart stores in even Tier II & III cities like Karimnagar, Nizamabad, Aurangabad and Amravati have also shown high e-commerce mix.
28 Jun 2020 7:15 PM
Costs soared as well, $900 million in all, as hourly workers were given a total cash bonus of $755 million and pay was raised by $2 an hour.
19 May 2020 7:13 PM
A group of the top venture firms warned startups this month that it will be “very difficult” to raise financing anytime soon
11 May 2020 3:01 PM
Report says 500,000 migrant workers in firms like Facebook, Apple, Amazon, Walmart, Qualcomm and Uber are paid salaries in lowest wage slabs
06 May 2020 3:52 PM
Flipkart has launched PhonePe as a payment option at Walmart’s “B2B Cash & Carry” stores in India.
20 Feb 2020 3:58 AM
Walmart in 2018 invested USD 16 billion to buy a majority stake in India’s Flipkart, its biggest ever deal.
14 Jan 2020 10:57 AM
Oyo’s Ritesh Agarwal said, “Some roles at Oyo will become redundant,” but not saying how many.
14 Jan 2020 1:28 AM
The move underscores the struggles Walmart has faced in expanding its wholesale business in India.
13 Jan 2020 11:02 AM
The shooting happened around 1:30 pm on Tuesday.
01 Jan 2020 11:57 AM
The card was launched at 26 other Best Price Modern Wholesale Store locations across the country.
02 Dec 2019 3:40 PM
Witnesses told local news channels that the shooter approached his victims while they were inside the vehicle, opening fire on them.
19 Nov 2019 9:40 AM
In January, Walmart told the US government privately that India's new rules were regressive and had the potential to hurt trade ties.
22 Oct 2019 3:01 PM
Customers will have to pay USD 49.95 upfront for the instalment of Level Home smart lock or Nortek garage door tech.
16 Oct 2019 8:55 AM
The new stores will be in addition to 4 existing stores the company operates in the state -- two in Agra and one each in Meerut and Lucknow.
14 Oct 2019 3:36 PM
A great deal of consumption appetite is coming from Tier II and III markets said Flipkart's CEO Kalyan Krishnamurthy.
23 Sep 2019 8:50 PM
India is also a major source of employment for Amazon’s global operations with some 62,000 full-time staff and 155,000 contract employees.
11 Sep 2019 12:20 PM
The SJM had earlier sought Prime Minister Modi’s intervention on these issues due to national security concerns.
28 Aug 2019 1:48 AM
India’s revised ecommerce regulations, along with its push to compel multinationals to store data locally.
22 Aug 2019 8:32 AM
The deal with the Future Retail is expected to close in the next few weeks, sources close to the development said.
13 Aug 2019 5:18 PM