Walmart is bringing its digital ad business inhouse and ending its relationship with Triad, a unit of WPP, which sells advertising space on websites
The change in e-commerce policy came into effect from February 1
The company had a fourth-quarter profit of $3.69 billion, or $1.27 per share
The amount that drivers are paid is determined largely by the distance from a store to the shopper's home or location
Will Walmart stay put in India or will the policy flip-flop make it review its plans?
Walmart said it removed the toys from its shelves and online as soon as top importer LaRose informed the recall nearly three years ago
Leading the ranking is Amazon, accounting for 48% share
Associations say global retail giant will call the shots; to meet Union ministers
While Flipkart did provide a boost to Walmart's international earnings, the Indian company was a drag on its profitability
The solid sales growth pushed the closely-watched earnings per share measure to $1.08 in the latest quarter, beating expectations
Margin commentary is also of interest given recent investments
Walmart's foray into entertainment comes as the company, based in Bentonville, Ark., seeks to expand its business beyond brick-and-mortar retailing
I-Tax dept have the option to seek more clarifications from Walmart once they study the reply
Wal-Mart International Holdings Inc, however, in a separate reply has said its business model and activities in India were different of Flipkart's
WalmartLabs also powers the retail firm's e-commerce offering the world over in addition to technology acquired through JD.com
Walmart posted its best quarterly sales growth in the grocery category in nine years, fueled by an improved selection of low-priced produce, meat and bakery items
Agri produce accounts for nearly 20% of Walmart's total procurement in India, with almost 100,000 farmers linked in its backend value chain
Walmart will have its Best Price stores at Kanpur Muradabad, Varanasi, Gorakhpur, Sharanpur, Lucknow and Ghaziabad
Shares in Walmart rose more than 2%, with analysts saying the deal allows the company to focus on more promising markets
As Walmart and Amazon sink billions into e-commerce in India, they might be overlooking a tough rival on every corner