Page 3 - Walmart

Indian teen Walmart worker found dead in walk-in oven, found by her mother

A Halifax community is mourning the tragic death of 19-year-old Gursimran Kaur, a Walmart bakery worker, who died in a walk-in oven accident

Xiaomi asks Centre to recall antitrust report on Walmart's Flipkart

Any recall of the Competition Commission of India (CCI) report could delay its antitrust investigation, which began in 2021

Walmart's Flipkart appoints former Reliance executive Seema Nair as CHRO

Nair has previously worked with Hindustan Coca-Cola Beverages as CHRO for India and SAARC, where she contributed significantly to sales retention and supply chain productivity

BJP MP Khandelwal asks Goyal to suspend festival sales of e-commerce giants

BJP MP Khandelwal urges Goyal to suspend festival sales of ecommerce players

CCI investigation finds Amazon, Walmart's Flipkart breached antitrust laws

The Competition Commission of India (CCI) in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements

Walmart Foundation provides $2.78 mn grant to promote tech in agriculture

Walmart Foundation has provided three new grants totalling USD 2.78 million to advance technological innovation in India's agriculture sector. With the Walmart Foundation funding, the National Entrepreneurship Network (NEN), Cornell University in support of the Tata-Cornell Institute for Agriculture and Nutrition (TCI) and Precision Development (PxD) collectively aim to reach over 3,00,000 farmers in India, according to a statement. Walmart.org represents the philanthropic efforts of Walmart and the Walmart Foundation. These grants aim to enhance farmer livelihoods, increase market access and promote sustainable agricultural practices, thereby contributing to the Walmart and Walmart Foundation goal of reaching 1 million smallholder farmers by 2028 across India's agriculture sector, it added.

Walmart joins hands with Burger King to offer discounted deals to members

Walmart's members can avail discounts at Burger King, including 25 per cent off on any digital order every day, the company said

Walmart seeks to raise $3.74 bn in sale of JD.com stake, term sheet shows

Walmart said in a statement that JD.com had been a valued partner over the past eight years, and the US retailer was committed to a continued commercial relationship with the Chinese e-commerce giant

Walmart raises annual profit forecast on steady demand, shares jump

Shares of the Bentonville, Arkansas-based company rose more than 7 per cent in premarket trading

Flipkart's 10-min quick commerce service 'Minutes' goes live in Bengaluru

The service has been launched across areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli

World wars in Retailville

As Amazon turns 30, Clash is a timely book that explores the fierce rivalry between retail giants Amazon and Walmart, and examines their impact on the retail landscape and customers

Govt steps help boost toy making, exports; more work needed: DPIIT secy

Government measures such as mandatory quality control orders and increasing customs duty have helped boost exports of toys from India, but there is a need to do much more for the sector, a top official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh also indicated that they are diligently pursuing the proposal of extending fiscal incentives under the production-linked incentive scheme for the sector. He said that the industry is wondering about one proposed major policy intervention and "let me assure you that we are still pursuing that". In the interim Budget in February, the Commerce and Industry Ministry has recommended an outlay of Rs 3,489 crore for the Production Linked Incentive (PLI) scheme for toys to boost domestic manufacturing of the sector. As the scheme is yet to be cleared by the Union Cabinet, the interim Budget has made a token provision of Rs 1 lakh towards the scheme for 2024-25. The scheme a

New updates: Sonia Gandhi unanimously elected as Congress Parliamentary Party chairperson

Catch all the latest updates from around the world here

Nvidia's Huang now richer than every member of Walmart's founding family

Huang's net worth jumped to $91.3 billion Thursday, bumping him up three spots on the Bloomberg Billionaires Index to become the 17th-richest person in the world

Walmart shares surge, market value hits $500 billion as results impress

Its shares climbed 7 per cent, the most since March 2020, to close at an all-time high of $64

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Amazon's secret Project Curiosity used to gather intel on rivals for years

E-commerce giant Amazon used a company called Big River to gather intel on competitors, especially targeting Walmart, which back Flipkart in India

Walmart announces dedicated page for Indian sellers on its website

Multinational retailer Walmart announced the launch of a dedicated page for Indian sellers to register and sell on the company's marketplace site. The company hosted a global seller meet in Jaipur on Tuesday, kicking off a series of regional events to help prospective sellers with insights and knowledge on consumer and category trends and assist with onboarding support and catalogue setup, a release said. "India is a priority market for Walmart, and the dedicated landing page builds upon our commitment to Indian sellers. Walmart Marketplace strives to unlock the potential of Indian businesses by giving sellers access to customers around the world," Michelle Mi, Vice President of Emerging Markets and Business Development for Walmart stated in the release. "Through dedicated onboarding support and expertise in navigating global supply chains, we are empowering sellers with the tools they need to thrive in the US marketplace and beyond," the release added.

Operationally profitable for two quarters: Fashion platform Myntra

Brands on Myntra have recorded strong year-on-year (YoY) growth, with the catalogue size on the platform also having grown by over 50 per cent in the last year

Flipkart valuation declines by over Rs 41,000 cr in two years, says Walmart

E-commerce firm Flipkart's valuation has declined by USD 5 billion or around Rs 41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions carried out by its US-based parent firm Walmart. The valuation of the e-commerce firm declined to USD 35 billion as of January 31, 2024, from USD 40 billion in the financial year ended on January 31, 2022, as per Walmart's change in equity structure in Flipkart. Flipkart attributed the decline in valuation to the demerger of fintech firm PhonePe into a separate company. Sources, however, peg the current valuation of Flipkart in the range of USD 38-40 billion. Walmart diluted 8 per cent equity in Flipkart for USD 3.2 billion in fiscal year (FY) 2022 reflecting the enterprise value of the e-commerce at USD 40 billion. The US retail giant in FY2024 increased its shareholding by 10 per cent to approximately 85 per cent by paying USD 3.5 billion, reflecting the enterprise valuation of Flipkart at USD 35 ...