Page 18 - Walmart

RIL's home team advantage

India's complicated e-commerce policy with restrictions on overseas investors may help keep out global retail and e-commerce players

Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis

The United States' largest employer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.

Reliance emerging as bigger threat for US giants like Amazon, Walmart, Zoom

Stake sales in Reliance's digital unit Jio Platforms attracted not just private equity and sovereign wealth funds but also Google and Facebook

Fighting Covid-19: Walmart latest retailer to ask customers to wear masks

Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores, making it the largest retailer to introduce such a policy

Flipkart starts part payment method to reduce cancellations, order returns

Walmart-owned e-commerce firm says option would encourage pre-paid transactions and reduce cash on delivery

Walmart's PhonePe assures employees there will be no layoffs, salary cuts

The Walmart-owned company says it continues to hire and has plans to add about 600 people across areas such as engineering and marketing over the next few months

US Fed invests $428 million in Walmart, oil firms, tobacco giant and others

WASHINGTON (Reuters) - The U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.

Mukesh Ambani nears deal to buy stake in some units of Future Group

An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month

CCI to review Facebook's purchase of 10% stake in Reliance Jio

The US social media giant's $5.7 billion investment in Reliance's digital unit is the biggest among a string of investments amounting to $13.7 billion into Jio Platforms, controlled by Mukesh Ambani

Walmart-Flipkart deal: AAR rejects Tiger Global plea on withholding tax

Tiger Global was one of the prominent shareholders in e-commerce major Flipkart, founded by Sachin Bansal and Binny Bansal in 2007.

Govt rejects Flipkart's proposal for entry into food retail business

The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India

IT firms to face heat as global enterprises put digital projects on hold

Digital initiatives of several global enterprises have been cancelled or postponed in the last couple of months as the Covid-19 crisis has prompted firms to halt non-revenue generating ventures

Limited Flipkart sales in India hit our growth: Walmart CEO Doug McMillon

Closure of stores, warehouses contributed to volatility in first quarter: McMillon

Direct to home

Doorstep delivery is the biggest opportunity thrown open by the coronavirus crisis. Inevitably, new leaders will emerge in this landscape

Amazon India extends work from home plan till Oct amid Covid-19 spread

Flipkart to reopen offices in graded manner

Global business bodies nudge FM Sitharaman to defer equalisation levy

The bodies have also approached the US Trade Representative to call for discussion on India's move to impose equalisation levy while the matter is still under discussion at international level.

What really is essential?

To make iron-fisted distinctions between essential and non-essential products is poor policy making

Walmart, Flipkart secure one million medical gowns in coronavirus fight

The companies have committed Rs 46 crore to support India's fight against the pandemic.

Covid-19: Walmart to hire 50000 more workers as people continue stockpiling

Walmart said it will now require its US staff to wear masks or other face coverings at work

21-day lockdown: E-commerce firms set to resume work after police assurance

The Delhi police issued a statement saying they were proactively engaging with e-commerce portals and were issuing passes to ensure agents were able to commute seamlessly