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Walmart

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

Amazon.com 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

Odisha chemists, retailers join nationwide strike

Thousands of medicine stores and retail businesses remained closed in Odisha as they joined a nationwide strike on Friday.

Sep 28, 2018, 14:48 PM IST

Bharat Bandh on September 28 against Walmart's acquisition of Flipkart, FDI in retail, Delhi sealing drive

CAIT has alleged that multinational companies are being given a passage to enter the retail trade of the country.

Sep 27, 2018, 16:21 PM IST

Traders call nationwide strike on September 28 against Walmart-Flipkart deal

Retailers association CAIT has called for nationwide traders' strike on September 28 to protest against acquisition of Flipkart by US retail giant Walmart, the traders' body said Thursday.

Sep 07, 2018, 13:10 PM IST

Walmart acquires 77% stake in Flipkart, invests $2 billion

Walmart Inc. on Saturday announced its closing deal to buy 77% stake in Flipkart. The company has invested $2 billion new equity funding in the Indian e-commerce giant.

Aug 18, 2018, 19:47 PM IST

Walmart may approach I-T dept to determine tax liability in Flipkart deal

Following CCI's nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act within a fortnight.

Aug 09, 2018, 13:09 PM IST

Competition Commission clears $16 billion Walmart-Flipkart deal

In May, Walmart announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.

Aug 08, 2018, 22:43 PM IST

Walmart to open 20 cash & carry stores in India in 3 years

Walmart has plans to add 50 stores in next five to seven years.

Jul 23, 2018, 13:09 PM IST

Flipkart-Walmart combine to create India’s leading e-commerce platform: Walmart

It is the biggest M&A deal in India this year.

Jul 02, 2018, 17:43 PM IST

Walmart expects to close Flipkart deal by the end of 2018

According to a regulatory filing with Securities and Exchange Commission (SEC), Walmart said the ongoing operations of Flipkart are expected to impact the US company's income negatively.

Jun 05, 2018, 18:00 PM IST

Income tax department to seek share purchase pact from Flipkart to ascertain tax liability

In the Walmart-Flipkart deal, the revenue department will go through the share purchase agreement to ascertain the purpose of investment and the emanating gains.

May 13, 2018, 21:30 PM IST

I-T department writes to Walmart, Flipkart on tax liability over USD 16 billion deal

Walmart runs 21 Best Price wholesale stores in India that sell everything from fast-moving consumer goods to furniture to other retailers and institutions.

May 10, 2018, 20:15 PM IST