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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''s Flipkart says Indian probe shouldn''t treat it the same as Amazon

Walmart''s Flipkart says Indian probe shouldn''t treat it the same as Amazon

Sun, Jul 18, 2021

Both Amazon and Flipkart have challenged the Competition Commission of India (CCI) in court as they seek revocation of an Indian court`s June decision to allow https://www.reuters.com/world/india/india-court-dismisses-pleas-by-amazo... an antitrust probe against them to continue. The companies deny any wrongdoing

Walmart launches Vriddhi Cares to help MSMEs with COVID-19 support

Walmart launches Vriddhi Cares to help MSMEs with COVID-19 support

Tue, Jun 29, 2021

Global retail major Walmart on Tuesday announced the launch of Vriddhi Cares, to extend COVID-19 support to MSME employees and their family members in the country.

Walmart to donate 20 oxygen-generating plants, cryogenic containers to India to fight COVID-19

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

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

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

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

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

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

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

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

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''

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

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

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

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

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

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

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

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

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.

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