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Walmart to donate 20 oxygen-generating plants, cryogenic containers to India to fight COVID-19
Sat, May 01, 2021
Walmart will donate up to 20 oxygen-generating plants and 20 cryogenic containers to India for the storage and transportation of the life-saving gas, and also provide USD 2 million to non-governmental organisations to help them fight the devastating surge in coronavirus cases.
Monthly active users for Flipkart, PhonePe at 'all-time high': Walmart
Wed, Nov 18, 2020
The US-based company had picked up a majority stake in the Indian e-commerce major, Flipkart, for USD 16 billion in 2018. Earlier this year, Walmart led a new USD 1.2 billion financing round that valued Flipkart at USD 24.9 billion
Walmart, Flipkart Group pump in additional investment in Ninjacart
Mon, Oct 12, 2020
The companies, however, did not disclose the amount being invested. The transaction is expected to close by the end of the month
The Walmart Foundation announces two new grants to help India’s smallholder farmers
Thu, Sep 17, 2020
In a major news that will positively impact farmers, it has been revealed that the Walmart Foundation will invest $25 million (approximately Rs. 180 crores) over 5 years in improving farmer livelihoods in India
Walmart tests drone delivery amid competition with Amazon
Thu, Sep 10, 2020
"The drones, which are controlled over the cloud using a smart and easy control dashboard, will help us gain valuable insight into the customer and associate experience, from picking and packing to takeoff and delivery," Ward said.
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.