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US: Gunman among several killed at Virginia Walmart shooting
World

US: Gunman among several killed at Virginia Walmart shooting

The incident took place late on Tuesday evening at Chesapeake in the US state of Virginia. The gunman was reportedly shot and killed by the police. The Chesapeake Police Department said the number of dead and injured is still unclear and could rise

US airport worker, who knew just how to take off, safely lands plane after threat to crash into Walmart, arrested: WATCH
World

US airport worker, who knew just how to take off, safely lands plane after threat to crash into Walmart, arrested: WATCH

Cory Wayne Patterson, 29, circled for five hours over unnerved Mississippians before ending the flight safely in a soybean field where police arrested him

DoorDash and Walmart to call off delivery partnership from next month
Business

DoorDash and Walmart to call off delivery partnership from next month

The two companies partnered together in 2018, when DoorDash began to deliver goods ordered through the Walmart website to customers. The service had first started in Georgia before expanding to several other states in the US

Explained: The history of the Fortune Global 500 list and the significance of LIC making the ranks
Business

Explained: The history of the Fortune Global 500 list and the significance of LIC making the ranks

The Fortune Global 500 is an annual ranking of the 500 largest corporations across the world as measured by total revenue. This year, Life Insurance Corporation (LIC) broke into the list at the 98th position, making it the highest-ranked Indian company

US opioid crisis: Pharma giants to pay $590 million to Native Americans to settle claims
World

US opioid crisis: Pharma giants to pay $590 million to Native Americans to settle claims

The US opioid crisis has claimed more than 500,000 lives over the last 20 years and ensnared some of the largest firms in the world of American medicine

US toddler cleans out mother's online shopping cart, orders furniture worth $2,000 from Walmart
World

US toddler cleans out mother's online shopping cart, orders furniture worth $2,000 from Walmart

The toddler’s mother, Madhu Kumar, said that she had shortlisted some furniture for the family's new home in a Walmart cart but never proceeded to the next step

Joe Biden orders sweeping new vaccine mandates for 100 million Americans
World

Joe Biden orders sweeping new vaccine mandates for 100 million Americans

President Joe Biden has encouraged COVID-19 vaccine requirements in settings like schools, workplaces and university campuses

CCI approves e-commerce giant Flipkart's acquisition of 7.8 percent stake in Aditya Birla Fashion
Business

CCI approves e-commerce giant Flipkart's acquisition of 7.8 percent stake in Aditya Birla Fashion

Flipkart and Aditya Birla Fashion had announced the agreement in October 2020 in which Aditya Birla Fashion would be issuing a 7.8 percent stake to Flipkart on a preferential basis.

PhonePe revenue grows 74 percent in financial year 2020, losses fall amid IPO talk
Business

PhonePe revenue grows 74 percent in financial year 2020, losses fall amid IPO talk

The company saw a seven percent decline in net loss from Rs 1,904 crore in FY19 to Rs 1,771 crore in FY20, according to Tofler.

Centre asks ED, RBI to act against Amazon, Flipkart for violation of FDI and FEMA rules
Business

Centre asks ED, RBI to act against Amazon, Flipkart for violation of FDI and FEMA rules

The Centre has taken cognisance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies

PhonePe raises Rs 150 crore from majority stakeholder Flipkart bringing its valuation to $5.5 billion
Business

PhonePe raises Rs 150 crore from majority stakeholder Flipkart bringing its valuation to $5.5 billion

PhonePe currently has over 250 million registered users and competes with the likes of Paytm, GooglePay and WhatsApp Payments.

PhonePe raises $700 million in a new funding round led by Walmart, becomes a separate entity
Business

PhonePe raises $700 million in a new funding round led by Walmart, becomes a separate entity

In unnamed funding round, Flipkart backed PhonePe raises fresh funds thereby taking its valuation to $5.5 billion.

Flipkart India revenue up 12 percent in the financial year 2020 even as losses drop 18 percent
Business

Flipkart India revenue up 12 percent in the financial year 2020 even as losses drop 18 percent

E-commerce giant Flipkart sees not only a rise in revenue but also expenses for the financial year 2020.

Flipkart Group and Amazon corner 88 percent market share in festive sales: Report
Business

Flipkart Group and Amazon corner 88 percent market share in festive sales: Report

Flipkart and Amazon record combined sale of $7.3 billion as online shopping gets a boost due to pandemic.

TikTok confirms proposed deal with Oracle, Walmart for US business; Donald Trump touts deal as 'fantastic'
World

TikTok confirms proposed deal with Oracle, Walmart for US business; Donald Trump touts deal as 'fantastic'

The deal will lead to the creation of a new company, headquartered in Texas, that will have 'nothing to do with China' but will still be called TikTok, according to the president

Walmart may join Microsoft in bid for TikTok, says deal could help reach wider audience
World

Walmart may join Microsoft in bid for TikTok, says deal could help reach wider audience

Earlier in the day, TikTok's American CEO Kevin Mayer resigned from the post as a result of 'changes in the political environment'

Amazon, Flipkart considering asking sellers to list country of origin on products: Report
News & Analysis

Amazon, Flipkart considering asking sellers to list country of origin on products: Report

The move comes amid India's efforts to single out Chinese-made products and cut down on their import.

Walmart says Flipkart's 'limited operations' during COVID-19 outbreak negatively affected Q1 growth
Business

Walmart says Flipkart's 'limited operations' during COVID-19 outbreak negatively affected Q1 growth

Walmart International, which is present in nine markets including China, Japan, Mexico, the UK apart from India, saw sales growing by 3.4 percent to $29.76 billion in the January-March period, with e-commerce accounting for 9 percent sales.

Flipkart awaits advisories from states for resuming full services; Centre allows delivery of non-essential items by e-commerce platforms
Business

Flipkart awaits advisories from states for resuming full services; Centre allows delivery of non-essential items by e-commerce platforms

Sales of non-essential items on e-commerce platforms in the first week of May, after sales of such items were allowed in green and orange zones, were lower than last year on account of the lockdown.