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  Flipkart acquires Walmart India, launches wholesale business to transform kirana retail ecosystem

  Business | July 23, 2020 13:53 IST

  Ecommerce platform Flipkart on Thursday announced the acquisition of 100 per cent interest in Walmart India to leverage the strong wholesale capabilities of the company as it launched Flipkart Wholesale, a new digital marketplace designed to help transform the kirana retail ecosystem in the country. 

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  Walmart makes face coverings mandatory in US

  Business | July 16, 2020 11:29 IST

  Retail giant Walmart has made it mandatory for its customers across the US to wear face coverings starting July 20. The mandate on Wednesday came as the number of confirmed COVID-19 cases spiked in communities across the country recently

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  Flipkart Group raises $1.2 billion from Walmart-led investor group; valued at $24.9 billion

  Business | July 14, 2020 18:06 IST

  ​E-commerce giant Flipkart Group on Tuesday said it has closed a USD 1.2 billion funding led by Walmart, its majority stake owner. In 2018, Walmart Inc invested USD 16 billion for acquiring a 77 percent stake in the group.  

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  Walmart to launch Amazon Prime like subscription service: Report

  Technology | July 13, 2020 16:06 IST

  Amazon Prime subscription is soon to get a rival in the form of a subscription service by Walmart

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  Walmart India elevates Sameer Aggarwal as CEO

  Business | March 25, 2020 12:37 IST

  Sameer Aggarwal, who was elevated as Deputy CEO earlier in January this year, has now been promoted to Chief Executive Officer of Best Price, Walmart India, effective from April 1, Walmart said in a statement. 

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  NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart

  Business | March 12, 2020 13:54 IST

  The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's USD 16-billion acquisition of Flipkart.

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  Walmart fires over 100 top executives in India: Report

  Business | January 13, 2020 11:52 IST

  Walmart Inc has fired over 100 of its India executives as part of its restructuring in the country, a report in the Economic Times said. It is common knowledge that Walmart has been facing trouble expanding its wholesale business in India.

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  Walmart to open 25 institutes in next 5 years, to train 50,000 MSME entrepreneurs

  Business | December 09, 2019 15:17 IST

  US retail major Walmart would open 25 institute hubs in India in next five years, which would train 50,000 entrepreneurs from the micro, small & medium enterprises (MSME) sector, said a top company official.

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  Walmart CEO writes to PM Modi on data policy and regulatory stability

  Business | October 22, 2019 17:47 IST

  McMillon in a letter has assured the prime minister of Walmart's commitment to increasing global sourcing from India, empower small and medium enterprises and more job creation.

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  Walmart reinforces commitment to support India's smallholder farmers

  India | July 12, 2019 19:36 IST

  Walmart International President and CEO Judith McKenna on Friday reiterated the company's commitment to support India's smallholder farmers as she discussed steps suppliers can take to enter supply chains of global companies.

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  Walmart President & CEO Judith McKenna meets Piyush Goyal

  India | July 11, 2019 22:14 IST

  Walmart International President and CEO Judith McKenna has met Commerce and Industry Minister Piyush Goyal to discuss local sourcing norms for the domestic market.

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  IPO in long-term strategy, currently focused on driving e-commerce growth in India: Flipkart

  Business | June 24, 2019 19:58 IST

  The statement comes amid reports that Flipkart, which is locked in an intense battle with US giant Amazon for leadership in the Indian market, is looking at tapping into the US equity market by 2022.

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  India's leading e-tailer Flipkart, co-founder sells part stake to Walmart for 531 crore

  Business | June 24, 2019 9:43 IST

  "Walmart increased its equity holding in Flipkart by buying 5,39,912 shares of its erstwhile co-founder Binny Bansal for $76 million through its Luxembourg-based entity.

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  Reliance Retail’s big online push poses huge challenge for Amazon, Walmart-Flipkart

  Business | May 21, 2019 17:35 IST

  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.  

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  Walmart plans to offer jobs in Flipkart, Jabong and Myntra

  Business | November 17, 2018 21:05 IST

  The decision has come in the wake of Jabong and Myntra, Flipkart's sister companies, shedding some of their employees.

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  Walmart-Flipkart deal: NCLAT adjourns hear over CCI's approval for December 14

  Business | November 12, 2018 16:42 IST

  On August 18 Walmart had informed that it has completed deal with Flipkart and holds 77 per cent stake in the Indian e-commerce major.

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  Walmart says USD 16-bn Flipkart deal to hit earnings

  Business | October 16, 2018 19:25 IST

  "FY20 operating income is expected to decline by a low single digit percentage range, but is expected to increase by a low single digit percentage range when excluding Flipkart in both FY19 and FY20," Walmart said in a regulatory filing.

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  CAIT to NCLAT: Walmart may repeat 'predatory behaviour' in India as well

  Business | October 02, 2018 19:19 IST

  Wal-Mart International Holdings Inc, however, in a separate reply has said its business model and activities in India were different of Flipkart's. 

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  See great value in omni-channel retail with Flipkart acquisition, says Walmart India

  Business | September 18, 2018 20:54 IST

  Walmart India is a wholly-owned subsidiary of US retail giant Walmart Stores.

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  Walmart completes deal to acquire 77% stake in Flipkart

  Business | August 19, 2018 7:35 IST

  While Walmart now holds approximately 77 per cent of Flipkart, the remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp.