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.
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Fri, Dec 22, 2023
Flipkart did not comment on the valuation of the company post fresh fund infusion from its parent firm.
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.
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.
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.
Amazon has raised its minimum wage to $15 per hour for US employees from November, giving in to critics of poor pay and working conditions at the company.
Fri, Apr 05, 2019
In a recent Linkedin survey, Walmart-owned Flipkart is ranked as the most sought after company to work for in India.
Fri, Mar 08, 2019
"The Indian e-commerce and consumer internet sector has seen significant inflow of capital in 2018, making India one of the most exciting destinations to invest in across the globe," said Ankur Pahwa, Partner and National Leader E-Commerce and Consumer Internet, EY India.
Wed, Feb 20, 2019
We hope to have an effective, productive dialogue as it relates to future changes that happen
Thu, Feb 14, 2019
Garrick Clark, a 44-year-old driver making deliveries for Walmart in Alpharetta, said he would prefer dropping packages for Amazon over delivering groceries for Walmart because Amazon pays $18 to $24 an hour for similar deliveries.
Wed, Feb 13, 2019
The new policy has come into effect from February 01, 2019. Few notable norms are - 100% FDI under automatic route is permitted in marketplace of e-commerce.
Thu, Feb 07, 2019
The revised FDI norms in e-commerce, however, have tightened the noose around the businesses of the country's leading e-tailers - Walmart-owned Flipkart and Indian arm of American e-commerce giant Amazon.
Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49 percent equity stakes in both firms
Wed, Feb 06, 2019
Walmart last year in May, gave the world its largest-ever e-commerce deal by buying Flipkart for about $16 billion for an initial stake purchase of 77%.
Morgan Stanley, in a report titled 'Assessing Flipkart Risk to Walmart EPS' dated February 4, claimed that "an exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated."
Tue, Feb 05, 2019
Walmart-Flipkart deal which took place last year, is already in the news for all the wrong reasons. Check out the reasons why and why it may shock investors and others too.
Mon, Feb 04, 2019
Amazon India had to pull out many products and was listed as "currently unavailable" as the new norms prohibit e-tailers from selling products of companies in which they have stakes.
Fri, Feb 01, 2019
E-commerce giants like Amazon and Walmart-backed Flipkart scurried to re-align their platforms to comply with the new FDI rules that came into effect Friday, with Amazon.In removing a number of products, including mobile accessories and batteries, from its platform.
Tue, Jan 29, 2019
The policy move has jolted Walmart, which last year invested $16 billion in Flipkart in its biggest ever deal, and Amazon, which has committed $5.5 billion in India investments.
Thu, Jan 24, 2019
India`s e-commerce investment rules, which kick in from Feb. 1, ban companies from selling products via firms in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.
Thu, Dec 20, 2018
With the new-age online platforms, retail sector is ending with a record level of FDI in the year 2018, gearing up for more mergers and acquisitions, partnerships and other deals in the new year. The sector, which employs over 60 million people, has also received one of the largest FDI in 2018.
Fri, Dec 14, 2018
Target Corp, Walmart Inc and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children`s toys, New York Attorney General Barbara Underwood said.
Mon, Dec 10, 2018
Myntra's Chief Executive Officer (CEO) Ananth Narayanan has quit from his role, according to a report by Mint.
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