Walmart
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Flipkart acquires Walmart India, launches wholesale business to transform kirana retail ecosystem
Business | Jul 23, 2020, 01:53 PM ISTEcommerce 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 | Jul 16, 2020, 11:29 AM ISTRetail 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 | Jul 14, 2020, 06:06 PM ISTE-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 | Jul 13, 2020, 04:06 PM ISTAmazon 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 | Mar 25, 2020, 12:37 PM ISTSameer 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 | Mar 12, 2020, 01:54 PM ISTThe 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 | Jan 13, 2020, 11:52 AM ISTWalmart 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 | Dec 09, 2019, 03:17 PM ISTUS 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 | Oct 22, 2019, 05:47 PM ISTMcMillon 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 | Jul 12, 2019, 07:36 PM ISTWalmart 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 | Jul 11, 2019, 10:14 PM ISTWalmart 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 | Jun 24, 2019, 07:58 PM ISTThe 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 | Jun 24, 2019, 09:43 AM 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, 05:35 PM ISTReliance 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 | Nov 17, 2018, 09:05 PM ISTThe 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 | Nov 12, 2018, 04:42 PM ISTOn 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 | Oct 16, 2018, 07:25 PM 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 | Oct 02, 2018, 07:19 PM ISTWal-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 | Sep 18, 2018, 08:54 PM ISTWalmart 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 | Aug 19, 2018, 07:35 AM ISTWhile 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.