Page 16 - Walmart

Walmart sells majority stake in Seiyu for over $1-bn, nearly exiting Japan

TOKYO (Reuters) - Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition.

Google, Walmart hit by India's move to limit some digital payments players

More than 2.07 billion UPI transactions were processed in October, according to NPCI, with Walmart's PhonePe accounting for just over 40% of those transactions

Flipkart bolsters fashion portfolio, makes strategic investment in USPL

The Walmart-owned firm is exploring strategic funding in multiple online-offline retailers and technology companies quite like rivals Amazon and Reliance JioMart

Walmart lays off robots deployed in 500 stores, lets humans do the work

The retailer said Monday it has ended its relationship with startup Bossa Nova Robotics, which builds roving robots equipped with cameras for identifying out-of-stock and misplaced products

Flipkart bolsters gaming strategy, acquires gaming startup Mech Mocha

Walmart-owned company sees strong trend of casual gamers going on to become early shoppers

PhonePe breaches 250-mn user mark; logs 925 mn transactions in October

Walmart-owned digital payments firm hits $277-billion annual TPV run-rate

Walmart reverses move to pull firearms, ammunition from US store floors

The retailer said the civil unrest earlier this week was isolated

Jack Ma to become richer than Walmart heirs with mega Ant Group IPO

Ma's 8.8% stake is worth $27.4 billion based on the stock pricing in Hong Kong and Shanghai

Gadkari urges Walmart to work with khadi cos to take their products global

He also highlighted that the MSME sector in India is a major job creator and contributor to the country's gross domestic product

Flipkart eyes retail brands, acquires 7.8% stake in Aditya Birla Fashion

The Walmart-owned firm is in a race with rivals Amazon and Reliance's JioMart, who are also following a similar strategy

Walmart sues US govt in pre-emptive strike in opioid abuse battle

The government is expected to take civil action against the world's largest retailer, seeking big financial penalties

Walmart, Flipkart make fresh investment in supply chain tech firm Ninjacart

For Bengaluru-based Ninjacart, the investment further deepens the partnership with Walmart and the Flipkart Group to improve its offerings and enhance the customer experience

Walmart, Flipkart Group pump in additional investment in Ninjacart

Walmart and Flipkart Group on Monday announced a fresh round of investment in Bengaluru-based business-to-business (B2B) supply chain company Ninjacart

Amazon to host month-long Great Indian Festival starting October 17

This will be Amazon India's biggest event ever as it will last at least a month and allow hundreds of thousands of small and medium businesses to offer unique selection to customers

Low-profile Indian origin brothers buy British supermarket chain Asda

'We've been on the pumps, we've been stocking the shelves', say Mohsin and Zuber Issa.

Indian-origin brothers pull off coup, buy UK supermarket chain Asda

Pull off an acquisition bigger than the Tatas' Corus and JLR deals, will hold controlling stake while Amazon will own a minority share

General Atlantic to invest Rs 3,675 cr into Reliance Retail for 0.84% stake

Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds

Walmart in talks to invest $25 bn in Tata Group's 'super app': Report

According to ongoing discussions between the two companies, the super app could be launched as a joint venture between Tata and Walmart

Beyond TikTok deal, Walmart looks to transform the broader retail sector

The retailer could, for example, embed advertisements in the user-generated videos with links to the Walmart website or siphon data from the site's tens of millions of users

TikTok asks judge to block US order from barring new app downloads

A federal judge in San Francisco on Saturday issued a preliminary injunction blocking a similar Commerce Department order from taking effect on Sunday on Tencent Holdings' WeChat app