Sriram Venkataraman named Flipkart Commerce CFO

Venkataraman succeeds Emily McNeal, who held the role of Flipkart Group CFO since September 2018. She has decided to return to the US to pursue a career opportunity outside the Walmart Group, a statement said.

May 05, 2020, 11:08 AM IST

Walmart to hire 50,000 more workers in coronavirus-driven hiring spree

The retailer said it had reached its earlier target of hiring 150,000 workers six weeks ahead of schedule, taking in 5,000 people per day on average at a time when millions of Americans are losing their jobs amid unprecedented "stay-at-home" orders from state and local governments.

Apr 18, 2020, 11:46 AM IST

Walmart sacks around 50 executives in India restructuring: sources

The firings mostly affected executives in the company`s real estate division because the growth in the wholesale model has not been that robust, two of the sources said.

Jan 13, 2020, 17:36 PM IST

Three dead in shooting at Walmart in Oklahoma: United States police

Three people were shot at an Oklahoma Walmart on Monday, a spokeswoman for the Duncan Police Department said.

Nov 18, 2019, 22:25 PM IST

Tiger Fund increases equity stake in Flipkart

The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.

Sep 02, 2019, 14:48 PM IST

Flipkart rolls out video service through Android app

Similar to Amazon Prime Video, Netflix and other streaming services, Flipkart is offering curated and personalised video content to the Indian audience.

Aug 19, 2019, 09:51 AM IST

Walmart's Walton family earns $4 million per hour, employees get a paltry $11

The Bloomberg report adds that the fortune of the Waltons has swelled by $39 billion, to $191 billion, since topping the June 2018 ranking of the world’s richest families.

Aug 14, 2019, 12:01 PM IST

21-year-old gunman kills at least 20 in mass shooting at Walmart in Texas

Announcing the death toll at a news conference, Texas Governor Greg Abbott said it was “one of the deadliest days in Texas history.”

Aug 04, 2019, 06:09 AM IST

Flipkart co-founder Binny Bansal sells part stake to Walmart for 531 crore

The latest sell-off, however, is not Binny Bansal`s first monetisation of his equity holding in 12-year-old Flipkart.

Jun 24, 2019, 17:11 PM IST

Walmart to pay over $282 mn for violating US anti-corruption regulations in four countries

According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart's third-party intermediaries who made payments to foreign government officials without reasonable assurances that they complied with the Foreign Corrupt Practices Act or FCPA.

Jun 21, 2019, 12:31 PM IST

Flipkart ties up with banks, NBFCs to offer quick loans

It has revamped its seller financing programme called 'Growth Capital' which allows over 1 lakh sellers to avail of credit from 10 banks and NBFCs with one-day approval and disbursal in the next two days, the company said in a statement Thursday.

Jun 21, 2019, 10:41 AM IST

Robots sort out thousands of Flipkart parcels in a jiffy

As it is humanly not possible to handle the parcels in thousands in a short time, emerging technologies like AI, ML (machine learning), and cloud computing data analysis, have ushered in a paradigm shift to speed up and scale logistics.

Jun 12, 2019, 12:29 PM IST

Walmart taps ex-Google, Amazon employee Suresh Kumar as new chief technology officer

Kumar most recently worked as a vice president and general manager of display, video, app ads and analytics at Google. He will directly report to the retailer`s Chief Executive Doug McMillon, Walmart said on Tuesday.

May 29, 2019, 14:47 PM IST

Walmart responds to Bezos with tweet asking Amazon to pay taxes Inc Chief Executive Jeff Bezos on Thursday challenged retailers to hike their minimum wages to $16 an hour, prompting a comeback from Walmart Inc which asked its rivals to pay taxes.

Apr 12, 2019, 06:20 AM IST

E-comm FDI policy changes haven't shaken our confidence in India: Walmart

The government tightened norms for e-commerce firms having foreign investment from February 1.

Feb 20, 2019, 13:09 PM IST

Optimistic about Indian market despite changes in e-comm FDI policy: Walmart

Government tightened norms for e-commerce firms having foreign investment from February 1.

Feb 07, 2019, 13:59 PM IST

Amazon takes numerous products off its India website to comply with new rules: Sources

India`s new e-commerce investment rules block the companies from selling products via vendors in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.

Feb 01, 2019, 08:01 AM IST

Flipkart warns of major 'customer disruption' if India's new e-commerce rules not delayed

The contents of Flipkart`s letter have not been previously reported. Flipkart declined to comment.

Jan 29, 2019, 20:41 PM IST

Flipkart rejigs leadership team

The leadership changes announced span marketing, operations, engineering and product.

Dec 13, 2018, 12:34 PM IST

'Stunned by allegations', says Flipkart co-founder Binny Bansal in email to employees

Binny will continue to be a large shareholder in Flipkart, which was acquired by Walmart in May 2018.

Nov 13, 2018, 21:27 PM IST