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Walmart News

10 Dec 2024

Walmart Faces Massive Backlash Over Ganesha-Printed Innerwear, Slippers, Socks

Hindu American Foundation criticized the incident and said Hindu deities like Ganesha hold profound spiritual significance. Items like slippers and bathing suits featuring sacred imagery demean the reverence with which these symbols are held.

26 Oct 2024

Who Was Gursimran Kaur? Indian Teen Found Dead At Walmart Store in Canada

Walmart Bakery Oven Death: According to reports, both the daughter and her mother had been employed at the Mumford Road Walmart for the past two years and were well-known within Halifax's Sikh community.

24 May 2024

Google Infuses $350 Million In Walmart-Owned Flipkart

Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution.

19 Apr 2024

Amazon Ran Secret Firm 'Big River' To Gather Intel On Rivals: Report

The employees at the fake company were instructed to take screenshots of the products on various marketplaces.

17 Mar 2024

Flipkart Valuation Declines By Over Rs 41,000 Crore In Two Years

Flipkart attributed the decline in valuation to the demerger of fintech firm PhonePe into a separate company.

02 Sep 2023

Walmart Paid $3.5 Bn To Buy Flipkart Shares From Binny Bansal & Others

Bansal reportedly received about $1-$1.5 billion from his shareholding in Flipkart. Binny, along with Sachin Bansal, exited Flipkart after selling it to Walmart in 2018 for around $16 billion.

04 Jun 2023

Walmart's Shareholding In PhonePe Drops To 85%

PhonePe has now raised a total of USD 850 million of primary capital in the current round till the end of May.

17 Mar 2023

PhonePe Raises $200 mn In Additional Funding From Walmart

With this tranche, the company has raised USD 650 million (around Rs 5,360 crore) from several global investors, PhonePe said in a statement.

19 Jan 2023

THIS company beats Apple to become no 1 brand in world; check list of top 10

Despite regaining the top spot, Amazon's brand worth has decreased by almost $50 billion this year, according to Brand Finance's Global 500 2023 list, and its grade has dropped from AAA+ to AAA.

05 Jan 2023

Walmart may have to pay $1 bn tax on PhonePe shift to India: Reports

According to reports, citing sources aware of developments, the tax is the result of PhonePe's relocation and it's rising valuation, after Walmart took majority share in it.

22 Dec 2022

Walmart hires over 150 on Unstop.com

Walmart Global Tech India recently held a hiring competition - Sparkplug 2022 - on Unstop.com, an early talent engagement and hiring platform, garnering over 10,000 registrations from 34 engineering colleges across India, said Unstop.

27 Oct 2022

Walmart reportedly raising up to $3 bn for Flipkart to expand India biz

With new funds, Flipkart's valuation is set to soar to more than $40 billion, giving a fillip to the Indian funding scene which is going through a harsh winter.

04 Sep 2022

Pilot who threatened to crash into Mississippi Walmart faces criminal charges

Police said Cory Patterson had stolen a King Air twin-engine jet from Tupelo`s airport and flew it over the town for a few hours, putting residents on edge. He eventually landed in a field and was arrested.

Walmart Layoffs

04 Aug 2022

Walmart lays off 200 corporate employees amid rising inflation

Amazon has also reduced its direct workforce by nearly 1 lakh. Amazon plans to become more cautious in its hiring.

18 May 2022

Phonepe to acquire wealth management platforms Wealthdesk, Open IQ for $75 mn

The founder and the entire team will be working as a part of the PhonePe group and both the platforms. WealthDesk will continue to remain an open platform for all players. The valuation of Wealthdesk reportedly is over $50 million.

28 Apr 2022

Top Amazon, Flipkart sellers raided by Competition Commission of India: Report

Some sellers on Walmart`s Flipkart platform were also being raided by officers. Amazon has previously said it "does not give preferential treatment to any seller on its marketplace." Amazon has also said that it "treats all sellers in a fair, transparent, and non-discriminatory manner".

06 Apr 2022

Flipkart launches Flipkart Health Plus app to foray into healthcare sector

The app is available on the Android Play Store and will come on iOS in future. The new app is an intermediary marketplace platform as of now.

21 Jan 2022

Walmart invites Indian sellers to expand overseas via US marketplace

This initiative expands on over 20 years of Walmart's engagement with Indian exporters. India is already one of Walmart`s top sourcing markets. The company has set an ambitious goal of exporting $10 billion from India each year by 2027.

23 Nov 2021

Twitter conducting first shopping livestream on November 28

The company said that while watching a Live Shopping stream on Twitter, people can take several actions that make the shopping experience on Twitter seamless.

13 Sep 2021

Walmart release on litecoin partnership is fake; crypto tumbles after rise

The fake statement said Walmart would allow its customers to make payments with litecoin at its online stores. It quickly gave up most of those gains and was last trading up about 5%.

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