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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.
RIL vs Amazon vs Flipkart: Why Mukesh Ambani-led firm will be a clear winner in this e-commerce battleground
Wed, Feb 13, 2019
The new policy has come into effect from February 01, 2019. Few notable norms are - 100% FDI under automatic route is permitted in marketplace of e-commerce.
Why Walmart and Flipkart are betting big on India
Thu, Feb 07, 2019
The revised FDI norms in e-commerce, however, have tightened the noose around the businesses of the country's leading e-tailers - Walmart-owned Flipkart and Indian arm of American e-commerce giant Amazon.
Amazon changes business structures in India to bring big seller back
Thu, Feb 07, 2019
Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49 percent equity stakes in both firms
Walmart shrugs off 'Flipkart-exit' buzz; says, 'commitment to India is deep and long term'
Wed, Feb 06, 2019
Walmart last year in May, gave the world its largest-ever e-commerce deal by buying Flipkart for about $16 billion for an initial stake purchase of 77%.
Walmart says it is committed to Indian market despite change in e-commerce FDI policy
Wed, Feb 06, 2019
Morgan Stanley, in a report titled 'Assessing Flipkart Risk to Walmart EPS' dated February 4, claimed that "an exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated."
Walmart to exit Flipkart? How this new policy may have hit e-commerce in India - from largest investment, to thoughts of sad exit
Tue, Feb 05, 2019
Walmart-Flipkart deal which took place last year, is already in the news for all the wrong reasons. Check out the reasons why and why it may shock investors and others too.
When Amazon, Walmart together lost a market capitalisation of whopping $50 billion
Mon, Feb 04, 2019
Amazon India had to pull out many products and was listed as "currently unavailable" as the new norms prohibit e-tailers from selling products of companies in which they have stakes.
New FDI rules: E-biz cos re-align operations, many Amazon products go off platform
Fri, Feb 01, 2019
E-commerce giants like Amazon and Walmart-backed Flipkart scurried to re-align their platforms to comply with the new FDI rules that came into effect Friday, with Amazon.In removing a number of products, including mobile accessories and batteries, from its platform.
New e-commerce rules: Flipkart warns of major 'customer disruption' if curbs not delayed
Tue, Jan 29, 2019
The policy move has jolted Walmart, which last year invested $16 billion in Flipkart in its biggest ever deal, and Amazon, which has committed $5.5 billion in India investments.
US voices concern as India's e-commerce restrictions hit Amazon, Walmart: Sources
Thu, Jan 24, 2019
India`s e-commerce investment rules, which kick in from Feb. 1, ban companies from selling products via firms in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.
2018 Yearender: Retail sector bags record FDI collection
Thu, Dec 20, 2018
With the new-age online platforms, retail sector is ending with a record level of FDI in the year 2018, gearing up for more mergers and acquisitions, partnerships and other deals in the new year. The sector, which employs over 60 million people, has also received one of the largest FDI in 2018.
New York sues Target, Walmart over lead-contaminated toys
Fri, Dec 14, 2018
Target Corp, Walmart Inc and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children`s toys, New York Attorney General Barbara Underwood said.
Trouble in Walmart paradise! After Binny Bansal, Myntra CEO Ananath Narayanan quits; What Flipkart plans - 5 points
Mon, Dec 10, 2018
Myntra's Chief Executive Officer (CEO) Ananth Narayanan has quit from his role, according to a report by Mint.
Shock for Walmart in India? Is Flipkart domination over in India? Jeff Bezos' Amazon sees good days
Wed, Nov 28, 2018
Jeff Bezos Amazon has taken over the lead in India's e-commerce industry in gross merchandise value (GMV), or gross sales, segment.
A blow to Flipkart, Walmart! There is a new deal in town, this is what Jeff Bezos' Amazon is planning here
Tue, Nov 27, 2018
Just like offline channel Walmart knocked the door of e-retailer Flipkart, similarly, online major Amazon is in talks to join hands with India’s largest offline channel Future Retail.
Surprise! Walmart Flipkart stake quietly soars to 81.3%
Thu, Nov 22, 2018
Walmart said it is in talks to bring new investors into Flipkart, said the report, and cited one person familiar with the matter saying that Flipkart is in discussions with Google, Intel and existing investor Microsoft to raise more capital.
Flipkart makers' exit! First Sachin Bansal, now Binny Bansal; This is how they give India its largest shopping portal
Fri, Nov 16, 2018
A scandal has emerged in Flipkart, but that has been under the leadership of US-based offline retailer Walmart, albeit, it has to do with a co-founder. What has happened is that, since Flipkart came under ambit of Walmart, two of its founder have left the company.
In shock move, Warren Buffett ends 20-year love affair with Walmart; Flipkart or Amazon to blame?
Fri, Nov 16, 2018
Berkshire’s investment in Walmart goes way back to 1998, and Buffett held some 20 million shares in the retailer until he doubled that by the end of 2009. In the year 2003, Buffett had even purchased Walmart’s McLane food-distribution business.