Tag: Walmart

Bengaluru: In a mega deal in India’s e-commerce space, global retail giant Walmart Inc on Wednesday announced it was buying 77 per cent equity stake in the country’s largest e-tailer Flipkart for $16 billion. “Subject to regulatory approval in India, Walmart will pay $16 billion (Rs 1,07,662 crore) for 77 per cent equity stake in […]

Bengaluru: The world’s largest retailer, Walmart Inc, on Wednesday announced it was buying 77 per cent equity stake in India’s e-tail major Flipkart for $16 billion. “Subject to regulatory approval in India, Walmart will pay $16 billion for an initial stake of 77 percent in Flipkart,” the Kansas-based company said in a statement from the […]

Washington: Around two persons were killed after a gunman open fired on a crowd outside of a Walmart store of Denver in the US state of Colorado, informed police. The attack took place on Wednesday night in the city of Thornton, reports The New York Times. The police has warned people in the area to […]

Hyderabad: Global retail giant Walmart will set up 50 new stores across India over the next three to four years, a top company official said on Saturday. The new stores would include 10 in Telangana, for which the US retailer signed a Memorandum of Understanding (MoU) with the state government. It will invest $10 to […]

Chandigarh: Leading wholesale chain Walmart India Thursday announced the launch of its B2B e-commerce platform for all members of its ‘Best Price’ modern wholesale stores. The facility will be available at Best Price stores in Jalandhar and Ludhiana. “All members of Best Price stores in the two cities can now log on to www.bestprice.in, book […]

New Delhi: As the shares of Amazon and Walmart lost 5 per cent and 2 per cent, respectively, on Friday, both the companies together lost a market capitalisation of $50 billion. The fall in stock prices can be attributed to disruption caused in their e-commerce operations in India after the new foreign direct investment (FDI) […]

New Delhi: Reliance Retail’s upcoming entry into the online retail sector is the biggest challenge for Amazon and Walmart-Flipkart as the Mukesh Ambani-led behemoth is well positioned to create massive disruption in the market, a new report has stressed. According to the global market research firm Forrester, the online retail sales in India will grow […]

New Delhi: Retail major Walmart on Monday launched “Walmart Vriddhi Supplier Development Program”, an initiative to help MSMEs in India to enhance their capability and supply chain. Speaking at the launch event here Judith McKenna, President and CEO, Walmart International Under the initiative, the company which owns the e-commerce major Flipkart, aims to train around […]

Bengaluru: Retail giant Flipkart and the Walmart Foundation on Saturday extended their support to India’s fight against COVID-19 by announcing to provide Rs 46 crore worth help that will focus on personal protective equipment (PPEs) including N95 masks and medical gowns for medical staff, and other necessities for vulnerable communities. Walmart and eCommerce player Flipkart […]