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Govt rejects Flipkart's proposal for entering food retail sector
Mon, Jun 01, 2020
The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart's proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday. The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India
Flipkart partners Vishal Mega Mart for home delivery of essential products
Tue, May 19, 2020
Flipkart Delivery: As the government announced the extension of nationwide coronavirus-induced lockdown, many people have turned to e-commerce platforms to place orders for essential goods like food.
Amazon, Flipkart issue: Stricter rules soon to regulate e-commerce; check out 8 that will make customer king
Mon, Feb 24, 2020
Government likely to bring new rules for e-commerce players by 1 April, sources tell Zee Business' Sameer Dixit. Move to protect consumer interests
TDS deduction for big e-tailers, relief for small traders: FM
Sun, Feb 02, 2020
Further tightening the noose on global ecommerce giants like Amazon and Walmart-owned Flipkart, the Indian government has announced mandatory TDS deduction on e-commerce transactions for the participants on the e-marketplaces
Walmart introduces Supplier development program "Vridhi scheme''
Mon, Dec 09, 2019
Walmart introduces Supplier development program for MSMEs in India, named as Vridhi scheme.
This HDFC Bank Credit Card with Walmart link offers up to Rs 40,247 in savings! Can you get it? Find out
Tue, Dec 03, 2019
This HDFC Bank credit card is meant exclusively for members of Walmart India's Best Price stores across the country. Around one million members are now being introduced to this co-branded card with benefits like rewards and cashbacks on all purchases and savings of up to 6% on annual spends.
Amazon pumps in more than $600 million into India
Wed, Oct 30, 2019
India is among the last frontiers for Amazon and a crucial market for growth. Founder Jeff Bezos has committed to spending more than $5 billion for the Indian market, where Amazon is locked in a battle with Walmart Inc-owned Flipkart.
Walmart to stop sales of e-cigarettes in US stores
Sat, Sep 21, 2019
Walmart Inc told staff on Friday it was discontinuing the sale of e-cigarettes and electronic nicotine delivery products at its U.S. stores.
Flipkart co-founder Binny Bansal sells part shares to Walmart for Rs 531 crore
Mon, Jun 24, 2019
Binny Bansal, co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76 million (Rs 531 crore) to world's retail giant Walmart`s Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday.
Walmart to pay over $282 mn for violating anti-corruption regulations in 4 countries
Fri, Jun 21, 2019
International retail giant Walmart Thursday agreed to pay over USD 282 to various US bodies to settle charges of violating anti-corruption regulations while conducting its business in India, China, Brazil and Mexico.
Walmart faces major India test over unit Flipkart's legal spat with GOQii
Tue, Jun 04, 2019
An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.
Former Google, Amazon employee and IIT Madras alumnus Suresh Kumar appointed Walmart's new CTO
Wed, May 29, 2019
Walmart has appointed Suresh Kumar, an IIT Madras graduate and former Google executive, as its new chief technology officer and chief development officer.
Global Markets: Wall Street shot up 1% on strong economic data
Thu, May 16, 2019
US stock indexes rose 1% on Thursday and were on pace to extend a two-day winning streak, lifted by better earnings from Cisco and Walmart, and robust economic data.
Walmart senior executive Judith McKenna lauds Flipkart team
Sat, May 04, 2019
Flipkart Chief Executive Kalyan Krishnamurthy said the e-tailer`s partnership with Walmart was helping the group to serve customers better and accelerate its growth with products and solutions.
Sachin Bansal to be CEO again? Flipkart co-founder in talks to acquire Bengaluru-based firm: Report
Fri, Apr 12, 2019
Sachin Bansal has been a busy man since quitting Flipkart after Walmart picked up 77 per cent stake in the Indian e-commerce company for $16 billion.
Amazon's Jeff Bezos challenges rivals to raise minimum wages; gets schooled from Walmart on taxes
Fri, Apr 12, 2019
Amazon has raised its minimum wage to $15 per hour for US employees from November, giving in to critics of poor pay and working conditions at the company.
Flipkart vs Amazon: Fastest growing skills at two most sought-after companies in India for jobseekers
Fri, Apr 05, 2019
In a recent Linkedin survey, Walmart-owned Flipkart is ranked as the most sought after company to work for in India.
E-commerce, consumer internet cos raised over $ 7 bn in PE/VC capital in 2018: EY
Fri, Mar 08, 2019
"The Indian e-commerce and consumer internet sector has seen significant inflow of capital in 2018, making India one of the most exciting destinations to invest in across the globe," said Ankur Pahwa, Partner and National Leader E-Commerce and Consumer Internet, EY India.
E-comm FDI policy changes haven't shaken confidence in India: Walmart
Wed, Feb 20, 2019
We hope to have an effective, productive dialogue as it relates to future changes that happen
Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers
Thu, Feb 14, 2019
Garrick Clark, a 44-year-old driver making deliveries for Walmart in Alpharetta, said he would prefer dropping packages for Amazon over delivering groceries for Walmart because Amazon pays $18 to $24 an hour for similar deliveries.