Walmart
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Walmart may approach I-T dept to determine tax liability in Flipkart deal
Business | Aug 09, 2018, 04:35 PM ISTFlipkart had shared share purchase agreement with tax authorities in May, and I-T department is currently calculating the tax rate that would be applicable for investors in Flipkart who are selling the shares to Walmart. Significant shareholders like SoftBank, Naspers, venture fund Accel Partners and eBay, have agreed to sell their shares.
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Walmart India to create 30,000 jobs in Uttar Pradesh
Business | Jul 27, 2018, 05:50 PM ISTIn the UP Investment Summit held earlier this year, Walmart India had signed a memorandum of understanding (MoU) with the state government to open 15 wholesale Cash and Carry stores.
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Walmart expands Microsoft partnership to boost digital footprint
Business | Jul 17, 2018, 02:05 PM ISTUnder the partnership, Walmart and Microsoft engineers will collaborate on the assessment, development and support phase of moving hundreds of existing applications to Cloud native architectures.
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Walmart expects to close Flipkart deal by the end of this year
Business | Jun 05, 2018, 08:57 PM ISTAccording to a regulatory filing with Securities and Exchange Commission (SEC), Walmart said the ongoing operations of Flipkart are expected to impact the US company's income negativel
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Flipkart-Walmart deal good for better economic stability, job creation: Walmart CEO
Business | May 10, 2018, 05:35 PM IST"It's pretty clear that this deal is good for customers and would create jobs and help society", said Walmart chief executive Doug McMillon.
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Flipkart's journey: Start-up worth Rs 4 lakh to e-commerce giant valued at Rs 1.47 lakh cr | All you need to know
Business | May 10, 2018, 02:48 PM ISTThe deal, under which co-founder Sachin Bansal and Japan's Softbank Corp Group are exiting, values Flipkart at USD 20.8 billion. It is the biggest M&A deal in India this year.
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Walmart-Flipkart deal: Indian retail giant's co-founder Sachin Bansal pens letter to employees before exit
Business | May 10, 2018, 01:06 PM ISTIn his letter, Flipkart co-founder Sachin Bansal said it was time for him to hand over the baton and focus on finishing a few personal projects.
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US retailer Walmart acquires 77% stake in Flipkart for $16 billion in its biggest acquisition till date
Business | May 09, 2018, 09:26 PM ISTThe reports say the deal values Flipkart, the 11-year old Indian e-commerce company, at $20.8 billion.
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From 'holding' firm, Flipkart turns into 'private' firm for buyout by Walmart
Business | May 04, 2018, 11:28 PM ISTFlipkart, in a regulatory filing, informed ACRA that it concluded a second buyback of shares from a set of its investors for $350.46 million in a transaction that closed on April 27.
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Flipkart co-founder Sachin Bansal likely to quit after Walmart takeover, say reports
Business | May 04, 2018, 11:21 AM ISTEarlier, in a 15 billion US dollar deal signed on Thursday, Walmart decided to buy 73 per cent of the Indian e-commerce giant.
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Amazon may offer to buy Flipkart to rival Walmart's bid: Reports
Business | Apr 04, 2018, 01:54 PM ISTLaunched in 2007, Flipkart has, so far, raised more than $6 billion. The firm controls nearly 40 per cent of India's online retail market, ahead of Amazon.
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Colorado shooting: Two dead and one injured at Walmart in Thornton
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Colorado shooting: 'Multiple people shot' at Walmart in Thornton
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Google, Walmart float new e-commerce venture
Aug 23, 2017, 02:21 PM ISTThe new e-commerce firm is likely to give a tough fight to online shopping giant Amazon.
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Walmart eyes 50 new stores; 20 of them in UP, Uttarakhand
Mar 27, 2017, 10:00 AM ISTGlobal retail giant Walmart is planning to open 50 new stores in India, half of which will be located in Uttar Pradesh and Uttarakhand.
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Walmart may help Flipkart take the fight to Amazaon with Rs 66,000 crore investment
Sep 28, 2016, 06:36 PM ISTWorld's biggest retailer Walmart Stores is looking to buy a small equity in Indian e-commerce giant Flipkart.
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Texas: Armed worker at Walmart takes hostage, shot dead
World | Jun 15, 2016, 06:56 AM ISTAmarillo: Police say a suspect has been shot and is apparently dead after officers responded to a reported shooting inside a Wal-Mart store in Amarillo, Texas. The Amarillo Police Department released a brief statement saying
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Alibaba’s business hits $463 bn mark, slated to pip Walmart as world's top retailer
Mar 22, 2016, 02:18 PM ISTMarking a significant development in the e-commerce market, Chinese giant Alibaba has on Monday said it has crossed a major milestone, hitting the 3 trillion RMB ($463 billion) in trade volume transacted over its China retail marketplaces in under a
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Walmart in talks with Baba Ramdev to sell Patanjali products
Jan 26, 2016, 01:48 PM ISTNew Delhi : With the growing demand for Patanjali products from its wholesale buyers, India unit of world's largest retailer, Wal-Mart, is talking to Yoga guru Baba Ramdev to sell his firm's products across its
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Wal-Mart to shutter 269 stores, 154 of them in US
Jan 18, 2016, 11:53 AM ISTNew York: Wal-Mart is doing some rare pruning. The world's largest retailer is closing 269 stores, including 154 in the U.S. that includes all of its locations under its smallest-format concept store called Wal-Mart Express.