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Toys to account for significant portion of Walmart's USD 10 billion exports target from India: Official

Toys to account for significant portion of Walmart's USD 10 billion exports target from India: Official

Thu, Jan 04, 2024

Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the American company has recently held a workshop with 100 Indian toy makers so that they can set up the supply chain for toy exports from India.

Flipkart gets $ 600 million from Walmart at around 5-10% higher valuation

Flipkart gets $ 600 million from Walmart at around 5-10% higher valuation

Fri, Dec 22, 2023

Flipkart did not comment on the valuation of the company post fresh fund infusion from its parent firm.

FedEx profit misses, cuts full-year revenue forecast; shares sink

FedEx profit misses, cuts full-year revenue forecast; shares sink

Wed, Dec 20, 2023

FedEx now expects a low-single-digit percentage decline in revenue from last year, compared with its prior forecast of roughly flat results.

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Walmart, Target earnings to offer clues on crucial holiday season

Walmart, Target earnings to offer clues on crucial holiday season

Tue, Nov 14, 2023

After a turbulent holiday season last year, when inflation peaked, shoppers' focus on buying essentials like bread, milk and toothpaste, left retailers with lots of unsold clothing and electronics, Wall Street is hoping recent economic data showing food disinflation and higher wages will spur shoppers to open their wallets this season.

Walmex Q3 net profit jumps more than 12%, pushed by higher sales

Walmex Q3 net profit jumps more than 12%, pushed by higher sales

Thu, Oct 26, 2023

Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 8.5 per cent to 23 billion pesos.

Walmart changes starting pay structure for entry-level store workers

Walmart changes starting pay structure for entry-level store workers

Fri, Sep 08, 2023

Walmart is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market. The change means that store workers including cashiers, personal shoppers, stockers, self-checkout helpers and associates manning departments such as sporting goods or electronics will all receive the same hourly starting wages that are paid at the store.

Walmart acquires Tiger Global's stake in Flipkart for USD 1.4 billion

Walmart acquires Tiger Global's stake in Flipkart for USD 1.4 billion

Mon, Jul 31, 2023

US retail giant Walmart has acquired the entire stake of Tiger Global for USD 1.4 billion at an enterprise valuation of USD 35 billion, sources aware of the development said.

Walmart buys Tiger Global's remaining Flipkart stake for $1.4 billion

Walmart buys Tiger Global's remaining Flipkart stake for $1.4 billion

Mon, Jul 31, 2023

Retail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global's remaining shares in the e-commerce major.

Flipkart begins MEGA cash payout, to pay estimated USD 700 million to staff post PhonePe separation

Flipkart begins MEGA cash payout, to pay estimated USD 700 million to staff post PhonePe separation

Fri, Jul 14, 2023

Walmart-backed Flipkart on Friday began mega cash payout to staff, estimated to be worth USD 700 million, following its separation from fintech firm PhonePe.

White gunman to be sentenced for killing 23 people in a racist Walmart attack in a Texas border city

White gunman to be sentenced for killing 23 people in a racist Walmart attack in a Texas border city

Sat, Jul 08, 2023

The white Texas gunman who killed 23 people in a racist attack at a Walmart in 2019 is expected to learn his punishment Friday, after victims' relatives berated him for days over the shooting that targeted Hispanic shoppers on the US-Mexico border.

Walmart bets big on India with Flipkart and PhonePe

Walmart bets big on India with Flipkart and PhonePe

Fri, Jun 16, 2023

Walmart's CFO John David Rainey says Flipkart and PhonePe could be $100 billion businesses in the future. Flipkart is one of India's most valuable startups, and PhonePe controls a significant share of the payments market.

Walmart to cut over 2,000 jobs in e-commerce warehouses

Walmart to cut over 2,000 jobs in e-commerce warehouses

Tue, Apr 04, 2023

Walmart layoffs: Walmart had confirmed the staffing cuts at its warehouses without providing specifics.

Walmart to Close 3 Technology Hubs, Tells staff to return to offices

Walmart to Close 3 Technology Hubs, Tells staff to return to offices

Tue, Feb 14, 2023

Walmart Inc will close three of its technology hubs in the US and has asked the employees to shift to other primary offices to keep their jobs. Walmart has about 1.7 million US workers, the majority hourly staff in stores and warehouses, and about 0.6 million other staff abroad.

PhonePe raises USD 350 million at USD 12 billion valuation

PhonePe raises USD 350 million at USD 12 billion valuation

Thu, Jan 19, 2023

The company also plans to invest in new businesses, including insurance, wealth management, and lending.

Virginia Walmart Shooting News: Several feared dead after gunfire in US supermarket

Virginia Walmart Shooting News: Several feared dead after gunfire in US supermarket

Wed, Nov 23, 2022

Virginia Walmart Shooting News: The number of dead and wounded is still unclear, but no more than 10 people have died, local media outlet WAVY reported.

Flipkart burns over USD 3.7 billion cash in about a year till September 2022

Flipkart burns over USD 3.7 billion cash in about a year till September 2022

Thu, Nov 10, 2022

Flipkart invested USD 213 million in its business-to-business vertical, Flipkart India, formerly Walmart Wholesale, before the festive season sale of 2022.

Walmart layoffs hundreds of corporate employees—Check Why?

Walmart layoffs hundreds of corporate employees—Check Why?

Fri, Aug 05, 2022

Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide.

Walmart layoff: American retail giant cuts hundreds of corporate jobs - Here's why

Walmart layoff: American retail giant cuts hundreds of corporate jobs - Here's why

Thu, Aug 04, 2022

Walmart described the layoffs as a way to "better position the company for a strong future," reports The Wall Street Journal. "We`re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson said in a statement late on Wednesday.

In a first, LIC enters Fortune 500 list, becomes top-ranked Indian company | Check full list

In a first, LIC enters Fortune 500 list, becomes top-ranked Indian company | Check full list

Thu, Aug 04, 2022

The list, topped by US retailer Walmart, has nine Indian companies -- five of them state-owned, and four from the private sector.

Walmart opens platform for Indian sellers to reach 120 mn US consumers

Walmart opens platform for Indian sellers to reach 120 mn US consumers

Thu, Apr 21, 2022

Retail giant Walmart on Thursday said that it is now offering manufacturers and trading firms in India to reach a growing market of more than 120 million US consumers each month.

McDonald preparing for virtual store in the metaverse; What is Metaverse, how does it work? Know the details with Ashish Chaturvedi

McDonald preparing for virtual store in the metaverse; What is Metaverse, how does it work? Know the details with Ashish Chaturvedi

Wed, Feb 16, 2022

The fast-food company is investing a big amount for this project and has already filed more than 10 patents for its virtual store.

Flipkart, Walmart invest $145 million in produce supply chain Ninjacart

Flipkart, Walmart invest $145 million in produce supply chain Ninjacart

Mon, Dec 13, 2021

Flipkart India and Walmart on Monday said they have invested USD 145 million in fresh produce supply chain company Ninjacart.

MSME - Walmart-owned Flipkart, IIM Sambalpur partner to support small businesses, artisans

MSME - Walmart-owned Flipkart, IIM Sambalpur partner to support small businesses, artisans

Sun, Aug 08, 2021

Walmart-owned Flipkart on Saturday said it has partnered with the Indian Institute of Management (IIM), Sambalpur, to support and promote small businesses, artisans and weavers by leveraging technology, e-commerce platform and market insights

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