E-commerce rules should be stable and equitable
Apart from China, India is one of the few countries that has specific regulations targeted at online sellers
Currently, online retailers such as Amazon and Flipkart are the dominant players in this space, capturing around two-thirds of the market share, experts said
The latest draft e-commerce rules build on laws that curb the two US companies from offering deep discounts, deter exclusive arrangements with preferred sellers
Many multinationals were already sourcing items across categories from India for overseas buyers
The move would help the e-commerce giant diversify its business and tap the opportunities in the travel space, according to industry sources
Walmart announced in January that it formed a partnership with Ribbit Capital to create a new financial technology startup
Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said
Walmart on Thursday said its international sales grew 5.5 per cent to USD 34.9 billion in the fourth quarter, led by "strong topline growth" across e-commerce arm Flipkart and some other markets
McMillon, which is betting big on India through Flipkart, said e-commerce penetration is low in India but growing rapidly
Walmart will report fourth-quarter results on Thursday
The administration of former President Donald Trump had cited national security concerns in its targeting of TikTok, arguing that the personal data of US users could be obtained by China's governmen
Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we've come full circle on grocery
The digital payments firm has rolled out the compensation to all its employees ranging from software engineers, product managers to customer experience and on-ground sales agents
The efforts are key to Walmart's aggressive plan to achieve a more than tenfold increase in its advertising business within five years, according to a source familiar with the matter.
Walmart to build more robot-filled warehouses at stores
Walmart is already vaccinating healthcare workers in New Mexico and its home state of Arkansas.
His exit comes at a time when the COVID-19 pandemic has heated up the online shopping business, as customers turn to websites and apps to avoid the risks of visiting stores
Walmart Inc, the world's biggest retailer, and Walt Disney Co joined other major companies in indefinitely suspending donations to US lawmakers who voted against Joe Biden's election certification
PhonePe is currently valued at $5.5 billion from existing Flipkart investors led by Walmart with the e-commerce player holding majority shares in the company