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  • PhonePe CEO Sameer Nigam makes renewed pitch for MDR, warns there is no path to recovery otherwise Sep 22, 2022 05:37 PM IST

    PhonePe CEO Sameer Nigam makes renewed pitch for MDR, warns there is no path to recovery otherwise

    Nigam pointed out that when payment modes are made free of cost there is an underlying assumption that companies involved in these businesses will have alternate sources of revenue. However, that may be possible for banks, but not startups, he added.

  • Myntra looks to add 1 million new customers during festive season sale Sep 15, 2022 02:53 PM IST

    Myntra looks to add 1 million new customers during festive season sale

    Myntra expects to process 13,000 orders every minute, and it intends to use the 21,000 kirana stores it has partnered with to fulfil 80% of the festive orders.

  • Walmart-backed fintech to test banking services in coming weeks: Sources Sep 15, 2022 07:08 AM IST

    Walmart-backed fintech to test banking services in coming weeks: Sources

    The fintech aims to make the accounts available to Walmart's 1.6 million employees within a year before rolling out services more broadly, the people said. It also hopes to expand its offerings to loans and investments.

  • US pilot arrested for threatening to crash into Walmart store Sep 04, 2022 08:41 AM IST

    US pilot arrested for threatening to crash into Walmart store

    The man will be charged with grand larceny and making terrorist threats.

  • Walmart sees smaller annual profit drop as discounts draw inflation-hit shoppers Aug 17, 2022 07:39 AM IST

    Walmart sees smaller annual profit drop as discounts draw inflation-hit shoppers

    The company nudged up its annual profit forecast on Tuesday, partly reversing a hefty cut less than a month ago. Walmart shares, which have fallen by more than 8% this year, rose 5% in morning trading. Shares of rivals Target Corp, Costco and Best Buy also climbed by 1% to 3% on the news.

  • Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism Aug 17, 2022 06:16 AM IST

    Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism

    The S&P 500 also came close to breaking above its 200-day moving average, a key technical level. The benchmark index has not closed above that level since early April.

  • Flipkart advertising helps Walmart ad business grow 30% in June quarter Aug 16, 2022 05:38 PM IST

    Flipkart advertising helps Walmart ad business grow 30% in June quarter

    PhonePe continued to show strong growth with annualised TPV (total payments volume) of over $830 billion in the June quarter, reaching a record monthly volume of transactions of 3.1 billion

  • Walmart enters streaming deal with Paramount+ in race with Amazon Aug 16, 2022 06:58 AM IST

    Walmart enters streaming deal with Paramount+ in race with Amazon

    Members of Walmart+ will get access to Paramount's "essential" plan, which costs $4.99 per month and includes commercials. It also offers a $9.99-per-month service without ads.

  • Walmart to cut hundreds of corporate jobs Aug 04, 2022 06:42 AM IST

    Walmart to cut hundreds of corporate jobs

    Around 200 jobs are being cut, the WSJ said, adding that the retailer notified employees in its Bentonville, Arkansas headquarters and other corporate offices of its restructuring move.

  • WalMart's profit warning a sign of trouble for global retailers Jul 29, 2022 10:03 AM IST

    WalMart's profit warning a sign of trouble for global retailers

    US retail giant WalMart's profit warning signals a mounting threat to retail businesses as inflation and a slowdown hurt growth in key markets

  • Asian stocks wobble on Walmart warning, looming Fed hike Jul 26, 2022 09:02 AM IST

    Asian stocks wobble on Walmart warning, looming Fed hike

    MSCI's broadest gauge of Asia stocks outside Japan meandered just above flat. Japan's Nikkei fell 0.2% and S&P 500 futures were down 0.4%.

  • Walmart 'train wreck' profit warning sends shares down 10% Jul 26, 2022 06:57 AM IST

    Walmart 'train wreck' profit warning sends shares down 10%

    Shares of rivals including Target and Amazon.com also tanked after Walmart's warning, which signaled a "proverbial train wreck" for retailers, Burt Flickinger, managing director at Strategic Resource Group, said.

  • Lego reveals its 'The Office' set and fans can't keep calm. Pics inside Jul 18, 2022 05:57 PM IST

    Lego reveals its 'The Office' set and fans can't keep calm. Pics inside

    'The Office' set became a reality after getting 10,000 votes through the Lego Ideas programme.

  • Wary of Phone Pe and Google Pay's duopoly in UPI market, MPs plan to raise issue in Parliament Jul 11, 2022 08:34 AM IST

    Wary of Phone Pe and Google Pay's duopoly in UPI market, MPs plan to raise issue in Parliament

    Adding PayTM, the share of the top-three players rose even further to 96 per cent.

  • Reliance succession plan is a classic playbook for other businesses Jul 01, 2022 07:06 PM IST

    Reliance succession plan is a classic playbook for other businesses

    Ambani's succession plan comes against a backdrop of financial stability and is part of an overall group restructuring.

  • JD.com to issue shares worth $220 million to Tencent for WeChat access Jun 29, 2022 05:33 PM IST

    JD.com to issue shares worth $220 million to Tencent for WeChat access

    The deal follows Tencent’s sale of a $16.4 billion stake in JD.com to Walmart Inc last year and extends an existing partnership with the WeChat owner.

  • PhonePe's FY21 loss little changed even as revenues soar 85% Jun 24, 2022 08:18 PM IST

    PhonePe's FY21 loss little changed even as revenues soar 85%

    PhonePe reported a consolidated net loss of Rs 1,728 crore for FY21, against a consolidated loss of Rs 1,771 crore a year earlier.

  • Amazon, Walmart's Flipkart in talks to buy stake in Metropolis Healthcare May 20, 2022 03:06 PM IST

    Amazon, Walmart's Flipkart in talks to buy stake in Metropolis Healthcare

    The company is in early discussions with several global strategic investors and other potential purchasers of the shares

  • Walmart Q1 profit dragged down as inflation takes a bite May 18, 2022 06:38 AM IST

    Walmart Q1 profit dragged down as inflation takes a bite

    The company also on Tuesday cut its full-year earnings forecast, sending shares down more than 8% in morning trading.

  • ​PhonePe acquires freelance entrepreneur network GigIndia to strengthen enterprise offerings Mar 21, 2022 04:46 PM IST

    ​PhonePe acquires freelance entrepreneur network GigIndia to strengthen enterprise offerings

    Through the acquisition, PhonePe will integrate with itself the 1.5 million entrepreneurs, and over 100 enterprises as customers, besides the company’s employees.

  • Navi Technologies IPO: Decoding Sachin Bansal's fintech in 5 charts Mar 14, 2022 01:21 PM IST

    Navi Technologies IPO: Decoding Sachin Bansal's fintech in 5 charts

    The fintech plans to use the proceeds of the IPO to invest in subsidiaries Navi Finserv and Navi General Insurance

  • Walmart not keen to open retail stores in India; to focus on Flipkart, PhonePe Mar 11, 2022 07:36 PM IST

    Walmart not keen to open retail stores in India; to focus on Flipkart, PhonePe

    American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India, but will focus on growing its acquisitions - online marketplace Flipkart and payments major PhonePe, a top official said on Friday.

  • Should you invest in US stocks like Amazon, Tesla, Netflix on NSE IFSC? Mar 04, 2022 09:40 AM IST

    Should you invest in US stocks like Amazon, Tesla, Netflix on NSE IFSC?

    As the overseas investing avenue opens up to Indians, a look at how the process works and whether it is suitable for all categories of investors.

  • Ashneer Grover's exit from BharatPe spotlights other founders who had run-ins with board, investors: Here’s a look Mar 01, 2022 03:56 PM IST

    Ashneer Grover's exit from BharatPe spotlights other founders who had run-ins with board, investors: Here’s a look

    From Ola to Housing.com to Flipkart, several startups have found themselves hogging the limelight for controversies and spats involving founders.

  • Flipkart expands grocery business to 1,800 cities in India Jan 24, 2022 02:10 PM IST

    Flipkart expands grocery business to 1,800 cities in India

    Flipkart now services 10,000 pin codes across 23 states

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