Karnataka HC deals blow to Amazon, Walmart''s Flipkart in antitrust case

The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group that alleged they were promoting some “preferred sellers" and in turn hurting business for other, smaller sellers.

Jun 11, 2021, 22:21 PM IST

Flipkart may get $500-600 million from THIS returning investor: Report

Flipkart is in talks with various investors to raise funding, including SoftBank that is expected to invest about $500-600 million. 

Jun 04, 2021, 17:12 PM IST

THIS company is giving free Samsung phones to over 7 lakh employees, because why not?

Walmart said more than 740,000 workers would receive Samsung Galaxy XCover Pro smartphones, cases and protection plans. 

Jun 03, 2021, 19:31 PM IST

What is Black Friday Sale? Why is not important for India?

On the day of the Black Friday event, several big shopping giants like Amazon, Walmart, Best Buy, Target offer great deals on products on a host of items.

Nov 11, 2020, 09:43 AM IST

Flipkart Wholesale announces 1st 'Big Festival Month' fashion sale

The sale will feature products in fashion categories across more than 50 brands.

Sep 28, 2020, 14:16 PM IST

TikTok confirms agreement with Oracle, Walmart; says Oracle will host all US user data

On Friday, the US Commerce Department said that Trump`s executive order was going to block US users from downloading TikTok starting from September 20 and was going to ban the use of the app in the US from November 12. 

Sep 20, 2020, 15:31 PM IST

Donald Trump supports deal to allow TikTok to continue to operate in US

Trump offered strong support for the deal he said would create 25,000 US jobs. He said there would be a $5 billion US education fund as part of the deal. 

Sep 20, 2020, 06:25 AM IST

Flipkart Group to launch of Wholesale, acquires Walmart India biz

Kiranas and MSMEs are central to India's retail ecosystem and Flipkart Wholesale will focus on meeting their needs by providing small businesses a wide selection at significant value, the company said in a statement.

Jul 24, 2020, 13:39 PM IST

Flipkart Group raises $1.2 bn from Walmart-led investor group; valued at $24.9 bn

It will be funded in two tranches over the remainder of the fiscal year.

Jul 14, 2020, 18:15 PM IST

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