Walmart

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Walmart - Total results - 460
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.

Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown
Business

Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown

The rapid global economic slowdown, India’s coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a start-up community that has quickly become one of the world’s biggest, raising a record $14.9 billion last year

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment
Business

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment

Unlike traditional mobile carriers which depend on voice services to make money, Ambani has pitched Jio as a trailblazer tech company by offering cheap mobile data plans that helped hundreds of millions of Indians use the internet for the first time

Flipkart appoints new chief financial officer; Sriram Venkatraman succeeds Emily McNeal, takes charge today
Business

Flipkart appoints new chief financial officer; Sriram Venkatraman succeeds Emily McNeal, takes charge today

Walmart-owned Flipkart on Tuesday said it has appointed Sriram Venkataraman as the Chief Financial Officer for Flipkart Commerce (Flipkart and Myntra) with immediate effect

Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers
Business

Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers

The deal for 9.99 percent of Jio Platforms, which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.

Garment exporter Bangladesh, second-largest after China, faces $6 bn hit as world retailers cancel orders
Business

Garment exporter Bangladesh, second-largest after China, faces $6 bn hit as world retailers cancel orders

Low wages have helped Bangladesh build its garment industry, with some 4,000 factories employing 4 million workers.

Flipkart resumes operations; Amazon says in talks with govt to enable delivery of essential items
Business

Flipkart resumes operations; Amazon says in talks with govt to enable delivery of essential items

Flipkart, along with rival Amazon India's Pantry service, were suspended temporarily on Wednesday morning as India entered into a 21-day lockdown to contain the spread of Covid-19 pandemic.

Walmart India elevates Sameer Aggarwal as CEO; Krish Iyer set to retire on 31 March
Business

Walmart India elevates Sameer Aggarwal as CEO; Krish Iyer set to retire on 31 March

Walmart India on Wednesday said it has elevated Sameer Aggarwal as its CEO and the appointment will be effective from 1 April