Page 10 - Walmart

PhonePe gets in-principal nod from RBI to operate as an account aggregator

Account aggregators are responsible for providing services based on the explicit consent of individual clients, which includes the transfer, but not storing, of a client's data

India has its own rules, we must comply with them: Walmart CEO McMillon

Says Flipkart business has now reached over 300,000 marketplace sellers and PhonePe business has more than 300 million users

India among most exciting markets, to grow to $1 trn by 2025: Walmart CEO

The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to CEO Doug McMillon

India, Mexico markets push Walmart international business grow 13% in Q2

US retail giant Walmart saw its operations in markets like India, China and Mexico push its international business growth by 13 per cent in the second quarter ended July 31

Walmart raises forecast as people return to stores; online sales slow

The world's biggest retailer has also been given a boost by stimulus checks handed out during the pandemic

Ambitious again? Tata group entering too many global giants' turfs all at once

With its unrelated new initiatives, the group will enter the turfs dominated by the likes of Intel, Samsung, Tesla, Huawei, Amazon and Walmart- all of which are more focused than it - writes T N Ninan

Walmart's Flipkart expands grocery services in Tamil Nadu and Kerala

Will offer online grocery shopping to users in Coimbatore and in neighbouring cities of Madurai, Trichy, Ernakulam, Tirupur, Erode, Thrissur, Palakkad and Malappuram

Walmart to pay college, book costs for full and part-time employees

By Hilary Russ

Flipkart to challenge Karnataka HC order on CCI probe in SC: Report

The High Court in Karnataka state last week dismissed cases filed by Amazon and Flipkart which sought to quash the Competition Commission of India's (CCI) 2020 investigation

Walmart's Flipkart says CCI probe shouldn't treat it the same as Amazon

Both Amazon and Flipkart have challenged the Competition Commission of India (CCI) in court as they seek revocation of a court's June decision to allow an antitrust probe against them to continue.

Walmart's Myntra sees 1.2 million customers shop on Day-1 of sale event

Four million products sold the highest-ever opening day traffic sessions growth for Myntra, at 200% over business-as-usual

After sinking billions, Walmart, Amazon haven't learnt their place in India

India is effectively muzzling the two leading US players. and it's tilting balance in favor of offline commerce, away from digital startups that are India's best bet for rebuilding the economy.

Walmart's Flipkart, Amazon challenge India court order on antitrust probe

The companies have denied wrongdoing and near-immediate legal challenges from the pair stalled the investigation for more than a year until a court last week ruled it could resume

SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018

Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.

S&P 500 backs off on weak telecom stocks despite strong retail earnings

US stocks ended lower on Tuesday as a sharp decline in telecom stocks and weak housing starts data overshadowed better-than-expected earnings from Walmart and Home Depot

Flipkart and PhonePe continue to post strong growth in India: Walmart CEO

Strength in India, Canada, China helps Walmart International post $27.3 bn net sales; 8.3% decrease

Walmart beats Street estimates for sales on stimulus spending boost

The firm raises its profit forecast

Flipkart begins Covid-19 vaccinations for its front-line staff in India

The Walmart-backed e-commerce firm has relaxed the deadline for this year's goal-setting so that employees can completely focus on their health and well being.

Second month in row, Walmart's PhonePe logs over 1 billion transactions

Maintains top position in UPI apps, followed by Google Pay

Covid-19 second wave: Walmart scales up efforts to fight pandemic in India

The company will donate up to 20 oxygen-generating plants and 20 cryogenic containers for oxygen storage and transportation