Walmart | The Asian Age

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n The draft has suggested setting up of a separate wing in the Directorate of Enforcement to handle complaints related to implementation of FDI guidelines in e-commerce sector.

MNCs may be asked to store data locally

National e-commerce policy aims to level playing field.

31 Jul 2018 12:47 AM

Tagging Uttar Pradesh as a priority growth state, Walmart India said it expects to create at least 30,000 local jobs by setting up 15 stores in the state. (Photo: AFP)

Walmart plans to create 30,000 jobs in Uttar Pradesh

Narendra Modi and Yogi Adityanath will take stock of the progress in implementation of the MoUs signed during the UP Investment Summit.

27 Jul 2018 2:59 PM

US Retail major Walmart will open 30 wholesale cash-and-carry stores in the next three years, a top company official on Monday said. (Photo: AFP)

Walmart to open 30 cash-and-carry stores in next three years

Walmart has plans to add 50 stores in next five to seven years.

23 Jul 2018 11:57 AM

While Walmart is doubling down on its e-commerce presence to better compete with Amazon, Microsoft has been working on a technology that would eliminate cashiers and checkout lines from stores, Reuters reported last month

Walmart, Microsoft in partnership to use cloud tech

The five-year agreement will leverage the full range of Microsoft’s cloud solutions, including Microsoft Azure and Microsoft 365.

18 Jul 2018 1:21 PM

Retail giant Walmart on Tuesday said it has entered into a five-year partnership with Microsoft to leverage its cloud solutions for making shopping faster for its customers globally. (Photo: AFP)

Walmart partners with Microsoft for cloud solutions

Walmart is already using Microsoft services for critical applications and workloads.

17 Jul 2018 3:24 PM

Microsoft’s technology aims to help retailers keep pace with Amazon Go. (Photo: ANI)

Walmart, Microsoft enter into partnership to use AI tech

The five-year agreement will leverage the full range of Microsoft’s cloud solutions, including Microsoft Azure and Microsoft 365.

17 Jul 2018 12:55 PM

The CAIT has been demanding the govt to scrap the deal and constitute a regulatory authority to regulate and monitor the country’s e-commerce market.

Flipkart deal in line with India’s FDI policy: Walmart

Walmart does not seem to have violated any existing FDI rules for investment in e-marketplaces.

03 Jul 2018 10:53 AM

Flipkart deal in line with FDI policy

The company further said, “We believe the combined capabilities of Flipkart and Walmart will create India’s leading e-commerce platform.

03 Jul 2018 12:24 AM

The nature of many dynastic fortunes—backed by decades and sometimes centuries of assets and dividends—can obfuscate the true extent of their holdings.

Ambanis 7th richest family in the world, Walmarts first

The wealth of families like the Rothschilds or Rockefellers is too diffuse to value.

28 Jun 2018 11:39 AM

Retail trader body Confederation of All India Traders (CAIT) has threatened nationwide agitation if the government clears USD 16 billion Walmart-Flipkart deal.

CAIT threatens nationwide agitation over Walmart-Flipkart deal

The deal will increase malpractices manifold in e-commerce spectrum, it said.

10 Jun 2018 5:45 PM

In India, 100 per cent foreign direct investment (FDI) is allowed in e-commerce for marketplaces.

Walmart-Flipkart deal to endanger jobs: Trade unions

As many as 127 groups have now come together to oppose the Walmart-Flipkart deal.

05 Jun 2018 8:53 AM

E-commerce major Flipkart has shared 'some details' with the I-T authorities on its USD 16 billion deal with US-based Walmart, but the tax department will act only after regulatory approvals have been obtained, an official said.

Tax dept will act once Walmart gets regulatory nod in Flipkart deal

The department is currently studying the details received from the company.

03 Jun 2018 2:31 PM

Retailers object to Walmart deal

CAIT said the deal would deny market access to non-preferred sellers and impact small traders on offline platform.

29 May 2018 1:50 AM

Traders body CAIT on Monday said it has approached the Competition Commission of India (CCI) against the Walmart-Flipkart deal, stating that it will create unfair competition and an uneven level playing field for domestic players. (Photo: AFP)

CAIT files petition in CCI against Walmart-Flipkart deal

CAIT said the deal would deny market access to non-preferred sellers and impact small traders on offline platform.

28 May 2018 5:09 PM

Softbank has announced its decision to sell 21 per cent stake in Flipkart to Walmart as part of USD 16 billion deal.

IT department await final print of Flipkart deal

Walmart had said earlier this month said that it would take control of Flipkart.

28 May 2018 1:23 PM

Walmart agreed to purchase around 77 per cent stake in India's largest e-tailer, Flipkart, for USD 16 billion.

Flipkart-Walmart deal: CAIT fears predatory pricing by Walmart

CAIT also feared that Walmart will penetrate the retail trade through e-commerce.

25 May 2018 5:45 PM

A SoftBank spokesman declined to give further details.

SoftBank says selling its entire Flipkart stake to Walmart

SoftBank Group Corp said it is selling its roughly 20 pc stake in Indian e-commerce firm Flipkart to Walmart.

23 May 2018 8:37 AM

Flipkart to ramp up product range, partners for Perfect Homes

Flipkart, which is being taken over by Walmart in a USD 16 billion deal, had introduced the furniture brand on its platform last year.

21 May 2018 1:22 PM

Walmart Inc CEO Doug McMillon with Flipkart Co-Founder and CEO Binny Bansal in Bengaluru during the takeover.

The sitting ducks of e-commerce

Entrepreneurs, too, fail to strengthen their position once on top.

20 May 2018 1:11 AM

Flipkart will benefit from Walmart’s deep pockets and its expertise in food, and in offline stores.

Takeovers not a bad idea afterall

It is wrong to think that external intervention is always bad.

20 May 2018 1:06 AM

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Farrukh Dhondy