Total revenue was up 1 percent at $123.9 billion but lower than analysts' estimates of $125.03 billion.
Elections and regulatory challenges may be deterring would-be investors
Flipkart has reportedly started giving new detailed forms to some vendors.
Trump’s biggest objection is the growing trade imbalance. India enjoys a trade surplus with the US, which he wants reversed
The exit from China frees up cash that may be headed for India to make the most of the projected growth story, but it won’t be easy.
The move could generate 50,000 jobs, a media report suggested.
Sakshi Batra gets in a conversation Moneycontrol's Priyanka Sahay to find out the reason behind the possible replacement.
US retail giant redrawing strategy ahead of shareholders’ meet in the first week of June
McMillon addressed employees in a townhall, where he was asked a range of questions.
Walmart put local stores out of business in the US but must partner with kirana stores in India for its expansion
Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India.
Brett Biggs, CFO at Walmart, said the company expected ‘legislation changes’ and it will have to steer its way through this change
'It's disappointing that you have a law like that changed that quickly, but we have made the adjustments and we are moving forward,' Briggs said.
The latest funding would help Grofers continue its expansion into the fast-moving consumer goods segment.
The policy talks less about online commerce, more about data protection; declares data its ‘national asset’
The revised policy on FDI in online retail, issued by the commerce and industry ministry, also said that these firms have to offer equal services or facilities to all its vendors without discrimination.
The world's largest retailer began bolstering its partnerships with third-party courier firms to reach consumers in 100 US cities last year to better compete with Amazon.com Inc.
In grocery delivery, Swiggy will have to fight it out with likes of Amazon, and Walmart backed Flipkart.
Swiggy has now delved into the hyper-local delivery space, which is becoming one of the most attractive avenues of Indian retail market
Selling Flipkart at a discount would hurt Walmart’s global shareholders. Even then, it won’t find a foreign buyer due to new ecommerce norms. An Indian buyer, if there is one, will like it dirt cheap.
The company will be able to achieve its target of opening 50 stores by 2020
The Bentonville-based retailing major's statement came after a recent report by global consultancy firm Morgan Stanley, which had hinted that Walmart may quit Flipkart as the new foreign direct investment (FDI) policy came into effect, which would lower its profitability in the long run.
The brokerage firm said an exit is not ‘completely out of the question’ after the new FDI norms came into effect
Sakshi Batra gets in conversation with Moneycontrol's Priyanka Sahay to find out how the new rules have affected the e-commerce platforms.