Apr 08, 2021 08:57 AM IST
Walmart had in January announced that it is creating a fintech company with venture capital firm Ribbit Capital.
- Apr 07, 2021 07:13 PM IST
Walmart’s Flipkart is aiming to roll out its Initial Public Offering (IPO) in the fourth quarter in the United States
- Mar 19, 2021 12:49 PM IST
The new sellers will make up a small portion of the Walmart's total number of sellers, most of whom are based in the US.
- Mar 04, 2021 08:43 AM IST
Walmart's newest venture, whose name and scope of work are yet to be revealed, is radically different in that its partner isn’t a banking services firm or even a pure tech provider but an investment firm
- Mar 01, 2021 10:30 PM IST
Most large ecommerce players like Flipkart, Amazon and Paytm want to embrace the super-app strategy and be present in every business segment, be it retail, food delivery, payment services and travel. From that vantage online travel aggregator Cleartrip makes sense for Flipkart.
- Feb 19, 2021 09:57 AM IST
Walmart International -- which includes the company’s operations in markets like India, China, Japan, Africa, Canda, UK, Mexico and Chile -- had posted a net sales of USD 33 billion in the year-ago period.
- Feb 10, 2021 07:32 PM IST
TikTok has been in talks with Walmart and Oracle since September to finalize a deal that would shift TikTok's US assets into a new entity to prevent its total ban on use in the country.
- Jan 21, 2021 04:26 PM IST
DPIIT issued Press Note 2 in February 2019, which forbids foreign companies from holding inventory or equity directly or through group companies in seller entities.
- Jan 19, 2021 04:38 PM IST
India only allows foreign e-commerce players to operate as a marketplace to connect buyers and sellers. It prohibits them from holding inventories of goods and directly selling them on their platforms.
- Jan 15, 2021 10:17 PM IST
Lore, who served as CEO of Walmart's e-commerce division, joined the company in September 2016 when Walmart bought Jet.com, an e-commerce company he founded, for more than $3 billion.
- Dec 10, 2020 06:30 PM IST
In order to accelerate exports from India, Walmart said it will strengthen the development of the supply chain ecosystem in the country, both by boosting existing exporters and by expanding the nation's pool of export-ready businesses.
- Dec 07, 2020 09:24 AM IST
Walmart, in May 2018, acquired a 77 percent stake in Flipkart for $16 billion.
- Dec 03, 2020 09:10 PM IST
Walmart, which is also the largest employer in the United States, said the additional spending brings the total 2020 quarterly and special bonuses to more than $2.8 billion.
- Nov 17, 2020 10:21 PM IST
According to Flipkart, 10 million deliveries were achieved in the first five days of the Big Billion Day sales, while PhonePe saw a record 925 million transactions in October 2020.
- Nov 09, 2020 08:15 AM IST
One of the major complaints customers have against online retailers is the kind of packaging they use.
- Nov 03, 2020 03:47 PM IST
Walmart US Chief Executive John Furner worried about shopper's reaction to robots, which led to the creation of a cost-effective way to manage the products on its shelves with the help of human workers.
- Oct 12, 2020 03:49 PM IST
The companies, however, did not disclose the amount being invested.
- Oct 07, 2020 09:18 PM IST
The e-commerce giant intends to set up a logistics park on the land parcel over the next 3-5 years.
- Oct 02, 2020 07:25 PM IST
Walmart has owned Asda since 1999 but had been looking for a buyer recently to focus on higher-growth markets.
- Sep 29, 2020 09:31 AM IST
As per talks, the platform being considered for launch in December 2020 or January 2021 in India, could be a joint venture between Tata and Walmart
- Sep 23, 2020 10:11 PM IST
ByteDance's version of the deal would also defy President Donald Trump's order last month calling for the Beijing-based company to relinquish ownership of the app in the United States.
- Sep 17, 2020 11:54 AM IST
The new grants will help two NGOs -- Tanager and PRADAN -- to further scale their efforts to help farmers earn more from the improved output and fair market access, Walmart said in a statement.
- Sep 16, 2020 07:26 PM IST
Bengaluru-based Flipkart will be aiming for a valuation in the $45-$50 billion range. If achieved, this would mean that Walmart would have more than doubled its investment
- Sep 02, 2020 03:07 PM IST
Flipkart Wholesale plans to expand the platform, now available for fashion retailers in three cities, to 20 more cities and in categories such as home and kitchen and grocery.
- Sep 01, 2020 09:22 PM IST
Walmart's announcement highlighted the need to meet consumer needs in a fast-evolving economy especially amid the upheaval caused by the coronavirus pandemic that has fueled a surge in tech adaptations for the work- and shop-at-home world.