Jan 13, 2017 at 11:16 | Source: Reuters
Krishnamurthy was named CEO on Monday, while co-founder and outgoing CEO Binny Bansal moved into the new role of group head.
Nov 12, 2016 at 12:01 | Source: CNBC
Instead of latching onto the uncertainties, the market vaulted higher on the president-elect's promise of changing the tax code and launching a huge spending program to stimulate the economy.
Nov 07, 2016 at 09:34 | Source: Moneycontrol.com
Stepping up its game, Indian e-commerce firm Flipkart may raise around $1 billion from the Canada Pension Plan Investment Board (CPPIB) and US retail giant Wal-Mart Stores, according to a Hindu BusinessLine report.
Oct 07, 2016 at 08:07 | Source: Reuters
Prosecutors have now gone back to seek more evidence about the company's alleged bribery in Mexico to put pressure on the retailer to settle, Bloomberg reported.
Oct 06, 2016 at 14:25 | Source: Reuters
The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of e-commerce supply chain and fulfillment.
Sep 23, 2016 at 07:34 | Source: PTI
The allegations included that Wal-Mart's Mexican unit paid millions of dollars in bribes to speed building permits and gain other favors.
Sep 10, 2016 at 17:04 | Source: Moneycontrol.com
Welspun India will continue to do business with Walmart albeit with stronger controls and better labeling of products being supplied, the company said in a statement. The product line in question with Walmart accounts for approximately 1.5 percent of Welspuns annual business, it added.
Sep 10, 2016 at 15:24 | Source: Reuters
Wal-Mart Stores Inc on Friday said it will stop selling Egyptian cotton sheets made by Welspun India after the Indian manufacturer was unable to assure them the products were authentic.
Sep 06, 2016 at 14:07 | Source: Moneycontrol.com
Welspun India lost more than a third of its market cap in two days after its US client Target Corp cancelled its contract. The client alleged that Welspun sold pillowcases with non-premium cotton, instead of Egyptian variety. Even as other clients have launched a probe, Moneycontrol tries to find out if the textile maker is in trouble.
Aug 19, 2016 at 07:36 | Source: Reuters
The Dow Jones industrial average gained 23.76 points, or 0.13 percent, to 18,597.7, the S&P 500 added 4.8 points, or 0.22 percent, to 2,187.02 and the Nasdaq Composite rose 11.49 points, or 0.22 percent, to 5,240.15.