Walmart

McMillon's retirement is effective Jan 31, 2026. Furner will start as CEO the next day.

General Atlantic pumps $600 mn into PhonePe ahead of IPO

The latest round, aimed at helping employees meet ESOP-related tax obligations, doubles General Atlantic’s stake to 9% as PhonePe gears up for a $1.35 billion public listing.

Walmart owned PhonePe files for mega IPO of around Rs 12,000 crore via confidential route

The proposed IPO is a pure OFS or offer for sale with participation from Walmart and investors Tiger Global and Microsoft

Walmart-backed Flipkart invests $30 million in fintech arm Supermoney

Launched less than a year ago, Supermoney has quickly become India’s fifth-largest UPI app, handling about 257 million transactions a month, according to data from the National Payments Corporation of India.

PhonePe to file for IPO via confidential route by September-end

IPO likely to be sized at Rs 10,000–13,000 crore ($1.2–1.5 billion) and will be a mix of fresh issue and offer for sale. Walmart, Tiger Global and General Atlantic likely to be among the key investors who might seek part-monetisation via the IPO

Walmart HR head says she 'never believed in the term work-life balance'

For Walmart’s chief people officer Donna Morris, the key is flexibility. She believes that rigid boundaries between work and personal life are not always realistic, especially in leadership roles.

Indian GCCs power Agentic AI, core infrastructure for global operations: Walmart CTO

Walmart employs millions worldwide, and while acknowledging that roles will evolve, Suresh Kumar, Chief Technology Offier and Chief Development Officer, highlighted that the company expects headcount to remain stable.

Walmart to appoint Flipkart senior vice president Bharath Reddy to its Global Tech Team

Reddy is an alumnus of IIT Bombay and IIM Calcutta. Flipkart is in the process of appointing a new leader for its IT & InfoSec functions, CEO Krishnamurthy told employees in an internal email.

Quick commerce investments in Flipkart, Myntra pressure Walmart International’s profit margins

Walmart is betting big on 15-minute fulfilment in India, even as rising infrastructure and discounting costs test the profitability of its international arm

Walmart HR head says 'nobody' will want to hire employees who 'bring the problem, never the...'

Donna Morris spoke about red flags in employees that can erode trust and limit career growth.

Flipkart’s Kanchan Mishra to take over Mobiles business after VP Smrithi Ravichandran quits

With the new role, Mishra will become a key person at Flipkart as she will overlook the operations of up and coming Minutes, the quick commerce arm of Flipkart and Mobiles, a key revenue driver for the company.

Early Diwali for Flipkart employees as it completes $50 million ESOP buy back from over 7,000 staffers

The ESOP liquidity event comes at a time when a growing list of companies such as Blinkit, Swiggy, Zepto and several others are poaching from Flipkart.

Walmart’s PhonePe is said to seek $1.5 billion for India IPO: Report

The deal would value the fintech company at about $15 billion, and PhonePe is planning to submit a draft red herring prospectus for the listing by as early as August, says report

Flipkart won’t trade market share for profit, says Walmart International CEO

Kathryn McLay signaled continued bets on quick commerce, fashion and fintech despite tighter burn targets, while speaking at the Bernstein Annual Strategic Decisions Conference

Walmart to introduce “several hundred new roles” in US, India; laid-off employees can apply

It is learnt that several of those affected by the layoffs are employed in Walmart’s Bengaluru and Chennai GCCs in India.

Walmart layoff: US netizens accuse CTO Suresh Kumar of replacing Americans with H1-B users

After Walmart announced the layoff of 1,500 employees, a memo from Walmart CTO Suresh Kumar and US CEO John Furner stated the job cuts are part of a long-term operational strategy, not a move to bring in foreign workers.

Trump asks Walmart to 'eat the tariffs' and not hike prices

Trump’s trade war has upended operations for businesses across all industries

Walmart-owned Myntra to begin operations in Singapore

Myntra is expected to go live in Singapore in the coming weeks and will majorly focus on Indian ethnic wear, among other categories, during the initial period, a source told Moneycontrol.

Walmart-owned Flipkart to flip its holding company from Singapore to India as it prepares for an IPO

While Flipkart said it intends to flip Its base back to India, it did not provide details on how much progress it has made or when the process will be completed.

Was extremely unhappy after Flipkart exit; Paytm's Vijay calls me the unhappiest billionaire: Sachin Bansal

Bansal admitted that his exit from Flipkart in 2018, following the company’s $16 billion acquisition by Walmart, was neither anticipated nor desired.

Flipkart introduces new pricing policy for sellers

As part of the new policy, Flipkart allows sellers to determine a ‘bank settlement price’ for their products. The final listing price is then determined by the platform, after levying discounts, taxes, and other fees.

Walmart promoted PhonePe picks 4 i-banks to kick off mega IPO next week; eyeing up to $15 billion valuation

Walmart is the majority shareholder and other investors include the likes of Microsoft, General Atlantic, Tiger Global, Ribbit Capital, TVS Capital, Tencent and Qatar Investment Authority

World Street | Japan inflation at 2-yr high, Alibaba's stellar earnings, Amazon surpasses Walmart revenue and more

From Japan’s inflation surge to Meta’s executive pay hike and Amazon’s revenue leap, here's a look at some of the major developments from across the world.

Timing of Flipkart’s Big Billion Days sale impacted growth in Q4, says Walmart CFO John David Rainey

The shift in Flipkart’s sale event resulted in flat growth for Walmart’s overall international revenues. The Bentonville-based retail major’s net sales for this segment in Q4 grew just 0.7 percent YoY to $32.2 billion.

PhonePe has long aspired to go public, excited to take early steps towards IPO: Walmart CEO Doug McMillon

While announcing its listing plans, PhonePe said it has established a clear corporate structure with each of its new non-payment businesses as fully owned subsidiaries. It had redomiciled from Singapore to India in 2022