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  • Walmart files trademark for its fintech venture's name Apr 08, 2021 08:57 AM IST

    Walmart files trademark for its fintech venture's name

    Walmart had in January announced that it is creating a fintech company with venture capital firm Ribbit Capital.

  • IPO News | Walmart’s Flipkart Eyes $10 Billion IPO In The 4th Quarter Of FY2022 Apr 07, 2021 07:13 PM IST

    IPO News | Walmart’s Flipkart Eyes $10 Billion IPO In The 4th Quarter Of FY2022

    Walmart’s Flipkart is aiming to roll out its Initial Public Offering (IPO) in the fourth quarter in the United States

  • Walmart now allows non-US vendors on its marketplace: Report Mar 19, 2021 12:49 PM IST

    Walmart now allows non-US vendors on its marketplace: Report

    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.

  • New fintech venture is Walmart’s latest attempt to change its battleground Mar 04, 2021 08:43 AM IST

    New fintech venture is Walmart’s latest attempt to change its battleground

    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

  • Walmart-owned Flipkart in talks to add Cleartrip to its shopping cart Mar 01, 2021 10:30 PM IST

    Walmart-owned Flipkart in talks to add Cleartrip to its shopping cart

    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.

  • Flipkart pushes Walmart global sales up 5.5% in Q4 to $34.9 billion Feb 19, 2021 09:57 AM IST

    Flipkart pushes Walmart global sales up 5.5% in Q4 to $34.9 billion

    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.

  • TikTok sale to Walmart, Oracle stalls as Biden reviews security: Report Feb 10, 2021 07:32 PM IST

    TikTok sale to Walmart, Oracle stalls as Biden reviews security: Report

    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.

  • Flipkart to drop plans for fresh foods platform: Report Jan 21, 2021 04:26 PM IST

    Flipkart to drop plans for fresh foods platform: Report

    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.

  • India plans foreign investment rule changes that could hit Amazon Jan 19, 2021 04:38 PM IST

    India plans foreign investment rule changes that could hit Amazon

    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.

  • Walmart's e-commerce chief resigns after nearly 5 years Jan 15, 2021 10:17 PM IST

    Walmart's e-commerce chief resigns after nearly 5 years

    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.

  • Walmart plans to increase exports from India to $10 billion by 2027 Dec 10, 2020 06:30 PM IST

    Walmart plans to increase exports from India to $10 billion by 2027

    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.

  • Walmart prepares for $10 billion Flipkart IPO in the US: Report Dec 07, 2020 09:24 AM IST

    Walmart prepares for $10 billion Flipkart IPO in the US: Report

    Walmart, in May 2018, acquired a 77 percent stake in Flipkart for $16 billion.

  • Walmart to spend more than $700 million on new round of employee bonuses Dec 03, 2020 09:10 PM IST

    Walmart to spend more than $700 million on new round of employee bonuses

    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.

  • Monthly active customers at Flipkart, PhonePe at 'all-time high', says Walmart CEO Nov 17, 2020 10:21 PM IST

    Monthly active customers at Flipkart, PhonePe at 'all-time high', says Walmart CEO

    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.

  • Ending the tyranny of online packaging Nov 09, 2020 08:15 AM IST

    Ending the tyranny of online packaging

    One of the major complaints customers have against online retailers is the kind of packaging they use.

  • In a first, humans replace robots at Walmart's 4,700 retail outlets Nov 03, 2020 03:47 PM IST

    In a first, humans replace robots at Walmart's 4,700 retail outlets

    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.

  • Walmart, Flipkart Group pump in additional investment in Ninjacart Oct 12, 2020 03:49 PM IST

    Walmart, Flipkart Group pump in additional investment in Ninjacart

    The companies, however, did not disclose the amount being invested.

  • HSIIDC alots 140 acres to Flipkart in Manesar Oct 07, 2020 09:18 PM IST

    HSIIDC alots 140 acres to Flipkart in Manesar

    The e-commerce giant intends to set up a logistics park on the land parcel over the next 3-5 years.

  • Walmart to sell UK chain Asda in $8.8 billion deal Oct 02, 2020 07:25 PM IST

    Walmart to sell UK chain Asda in $8.8 billion deal

    Walmart has owned Asda since 1999 but had been looking for a buyer recently to focus on higher-growth markets.

  • Walmart in talks for $25 billion investment in Tata’s super app: Report Sep 29, 2020 09:31 AM IST

    Walmart in talks for $25 billion investment in Tata’s super app: Report

    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

  • How a marked-up term sheet and messy rollout threw TikTok deal into disarray Sep 23, 2020 10:11 PM IST

    How a marked-up term sheet and messy rollout threw TikTok deal into disarray

    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.

  • Walmart Foundation announces two new grants to help India's smallholder farmers Sep 17, 2020 11:54 AM IST

    Walmart Foundation announces two new grants to help India's smallholder farmers

    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.

  • Flipkart looks for an overseas IPO as early as 2021 Sep 16, 2020 07:26 PM IST

    Flipkart looks for an overseas IPO as early as 2021

    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

  • Flipkart Wholesale launches digital platform for kiranas, MSMEs Sep 02, 2020 03:07 PM IST

    Flipkart Wholesale launches digital platform for kiranas, MSMEs

    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.

  • Walmart unveils subscription program to challenge Amazon Sep 01, 2020 09:22 PM IST

    Walmart unveils subscription program to challenge Amazon

    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.

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