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Flipkart's Big Billion Days event lifts Walmart's International Q3 sales number

Flipkart's Big Billion Days event lifts Walmart's International Q3 sales number

Tue, Nov 19, 2024

US-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.

PhonePe, Liquid Group partner to expand UPI QR payment service in Singapore

PhonePe, Liquid Group partner to expand UPI QR payment service in Singapore

Wed, Sep 11, 2024

The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base.

Wipro top-level exits continue as CTO Subha Tatavarti steps down

Wipro top-level exits continue as CTO Subha Tatavarti steps down

Tue, Aug 13, 2024

Before joining Wipro, she led different roles at Walmart and PayPal, among others. She was recognised in "Top 100 Executive Women in Tech to Watch" earlier this year by the WomenTech Network.

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When Amazon, Walmart together lost a market capitalisation of whopping $50 billion

When Amazon, Walmart together lost a market capitalisation of whopping $50 billion

Mon, Feb 04, 2019

Amazon India had to pull out many products and was listed as "currently unavailable" as the new norms prohibit e-tailers from selling products of companies in which they have stakes.

New FDI rules: E-biz cos re-align operations, many Amazon products go off platform

New FDI rules: E-biz cos re-align operations, many Amazon products go off platform

Fri, Feb 01, 2019

E-commerce giants like Amazon and Walmart-backed Flipkart scurried to re-align their platforms to comply with the new FDI rules that came into effect Friday, with Amazon.In removing a number of products, including mobile accessories and batteries, from its platform.

New e-commerce rules: Flipkart warns of major 'customer disruption' if curbs not delayed

New e-commerce rules: Flipkart warns of major 'customer disruption' if curbs not delayed

Tue, Jan 29, 2019

The policy move has jolted Walmart, which last year invested $16 billion in Flipkart in its biggest ever deal, and Amazon, which has committed $5.5 billion in India investments.

US voices concern as India's e-commerce restrictions hit Amazon, Walmart: Sources

US voices concern as India's e-commerce restrictions hit Amazon, Walmart: Sources

Thu, Jan 24, 2019

India`s e-commerce investment rules, which kick in from Feb. 1, ban companies from selling products via firms in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.

2018 Yearender: Retail sector bags record FDI collection

2018 Yearender: Retail sector bags record FDI collection

Thu, Dec 20, 2018

With the new-age online platforms, retail sector is ending with a record level of FDI in the year 2018, gearing up for more mergers and acquisitions, partnerships and other deals in the new year. The sector, which employs over 60 million people, has also received one of the largest FDI in 2018.

New York sues Target, Walmart over lead-contaminated toys

New York sues Target, Walmart over lead-contaminated toys

Fri, Dec 14, 2018

Target Corp, Walmart Inc and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children`s toys, New York Attorney General Barbara Underwood said.

Trouble in Walmart paradise! After Binny Bansal, Myntra CEO Ananath Narayanan quits; What Flipkart plans - 5 points

Trouble in Walmart paradise! After Binny Bansal, Myntra CEO Ananath Narayanan quits; What Flipkart plans - 5 points

Mon, Dec 10, 2018

Myntra's Chief Executive Officer (CEO) Ananth Narayanan has quit from his role, according to a report by Mint.

Shock for Walmart in India? Is Flipkart domination over in India? Jeff Bezos' Amazon sees good days

Shock for Walmart in India? Is Flipkart domination over in India? Jeff Bezos' Amazon sees good days

Wed, Nov 28, 2018

Jeff Bezos Amazon has taken over the lead in India's e-commerce industry in gross merchandise value (GMV), or gross sales, segment.

A blow to Flipkart, Walmart! There is a new deal in town, this is what Jeff Bezos' Amazon is planning here

A blow to Flipkart, Walmart! There is a new deal in town, this is what Jeff Bezos' Amazon is planning here

Tue, Nov 27, 2018

Just like offline channel Walmart knocked the door of e-retailer Flipkart, similarly, online major Amazon is in talks to join hands with India’s largest offline channel Future Retail.

Surprise! Walmart Flipkart stake quietly soars to 81.3%

Surprise! Walmart Flipkart stake quietly soars to 81.3%

Thu, Nov 22, 2018

Walmart said it is in talks to bring new investors into Flipkart, said the report, and cited one person familiar with the matter saying that Flipkart is in discussions with Google, Intel and existing investor Microsoft to raise more capital.

Flipkart makers' exit! First Sachin Bansal, now Binny Bansal; This is how they give India its largest shopping portal

Flipkart makers' exit! First Sachin Bansal, now Binny Bansal; This is how they give India its largest shopping portal

Fri, Nov 16, 2018

A scandal has emerged in Flipkart, but that has been under the leadership of US-based offline retailer Walmart, albeit, it has to do with a co-founder. What has happened is that, since Flipkart came under ambit of Walmart, two of its founder have left the company.

In shock move, Warren Buffett ends 20-year love affair with Walmart; Flipkart or Amazon to blame?

In shock move, Warren Buffett ends 20-year love affair with Walmart; Flipkart or Amazon to blame?

Fri, Nov 16, 2018

Berkshire’s investment in Walmart goes way back to 1998, and Buffett held some 20 million shares in the retailer until he doubled that by the end of 2009. In the year 2003, Buffett had even purchased Walmart’s McLane food-distribution business.

Binny Bansal resigns: What next at Flipkart now

Binny Bansal resigns: What next at Flipkart now

Wed, Nov 14, 2018

After the unceremonious, even ignominous, exit of Binny Bansal from the very cpompany he co-foinded, Kalyan Krishnamurthy, who heads the company's main Flipkart e-commerce operation, would now act as chief executive for a broader group.

Why Flipkart CEO Binny Bansal has resigned

Why Flipkart CEO Binny Bansal has resigned

Tue, Nov 13, 2018

Walmart-owned Flipkart's chief executive and co-founder Binny Bansal has resigned following a probe into serious personal misconduct, said Walmart Inc on Tuesday in a regulatory filing. Bansal has strongly denied the allegations, the company said in a statement.

Amazon or Flipkart? Where did India shop this time online? And the winner is...

Amazon or Flipkart? Where did India shop this time online? And the winner is...

Tue, Nov 06, 2018

With festive sales drawing to a close, e-tailing giants Amazon and Flipkart have claimed bumper sale on their platforms, and that they were ahead of the competition, as they received orders from customers from over 99 per cent of the pin codes in the country.

Flipkart Big Billion Days sale Oct 10-14: Rs 60,000 credit line open, all details here

Flipkart Big Billion Days sale Oct 10-14: Rs 60,000 credit line open, all details here

Tue, Sep 25, 2018

Flipkart is back with its Big Billion Days sale, starting from October 10 and the sale will go on till October 14.

This Flipkart honcho set to be replaced? Walmart cracks the whip

This Flipkart honcho set to be replaced? Walmart cracks the whip

Mon, Sep 24, 2018

Walmart Inc's newly acquired Indian retailer Flipkart is likely to appoint a new chief executive officer (CEO) at the group level, replacing Binny Bansal. One of the most prominent names that may replace Bansal is Flipkart Chief Executive Officer Kalyan Krishnamurthy, reported Mint.

Ahead of festive season, Walmart starts purchasing Flipkart shares from current, former staff; all details here

Ahead of festive season, Walmart starts purchasing Flipkart shares from current, former staff; all details here

Thu, Sep 20, 2018

It has been revealed that Walmart has set September 28 as its deadline for completing the buyback process.

'Flipkart acquisition may impact Walmart net income this Fiscal'

'Flipkart acquisition may impact Walmart net income this Fiscal'

Sun, Sep 09, 2018

Beginning in the third quarter of fiscal 2018, Walmart will consolidate the financial statements of Flipkart using a one-month lag, it added.

Tencent has 1st right to buy in future Flipkart share sale

Tencent has 1st right to buy in future Flipkart share sale

Sat, Sep 08, 2018

"No change of control sale or drag-along sale to Alibaba shall be effected (each an Alibaba Transfer), unless Tencent shall have been given written notice of at least five business days prior to the consumption of such transaction...," said the agreement between Wal-Mart International Holding Inc and Flipkart.

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