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Walmart increases stake in Flipkart, pays $3.5 billion to acquire further shares

During the same period, the company received $700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiary New Delhi: US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid...

EcoSoul onboards Bhumi Pednekar as brand ambassador and investor

With EcoSoul, Bollywood actor Bhumi Pednekar will advocate conscious consumption and the importance of choosing environmentally friendly alternatives to single-use plastic Mumbai: EcoSoul Home Inc., an eco-friendly products company, announced signing Bollywood actor and environmental advocate, Bhumi Pednekar, as its...

Walmart acquires Tiger Global’s stake in Flipkart for $1.4 billion

The transaction took place at an enterprise valuation of around $35 billion New Delhi: US retail giant Walmart has acquired the entire stake of Tiger Global for USD 1.4 billion at an enterprise valuation of $35 billion, sources aware of...

Walmart, Flipkart join hands with Telangana govt to upskill, support local MSMEs

The MoU between Swasti and Telangana government will facilitate the development of local Micro, small and medium-sized enterprises towards accessing a wider domestic market space, to leverage online retail and enable sustained growth and commercialisation Hyderabad: Walmart and Flipkart on Tuesday...

Consumers spent $6.4 billion on first day of Amazon Prime Day: Study

This represents a 5.96% growth year-over-year (YoY) for Amazon Prime Day in terms of sales New Delhi: Amazon.com Inc. generated a sale of $6.4 billion on the first day of its flagship shopping event ‘Prime Day’ in the US, according...

Walmart Global Tech elevates Balu Chaturvedula as new Country Head for India

Chaturvedula joined Walmart in 2015 and was previously the Vice President of Supply Chain Technology for Walmart's US Omni Tech organisation New Delhi: US retail giant Walmart's technology arm Walmart Global Tech has promoted Balu Chaturvedula as the country head...

Walmart ties up with payment company PingPong

International sellers selling on Walmart’s marketplace can now choose PingPong to receive their payments Bengaluru: Multinational retail corporation Walmart has partnered with online payment processing platform PingPong, the tech company said in a press release on Monday. International sellers selling on...

Top 25 global retailers thrive amidst challenges to post 7.1% YoY revenue growth in 2022

The retail industry worldwide reaped the benefits of COVID-19 pandemic-induced circumstances as consumers were compelled to shift their shopping habits online, reveals GlobalData Mumbai: Despite the challenges of high inflation rates, labour shortages, and disruptions in the supply chain, the...

$150bn e-commerce market: Potent mix of retail, telecom, digital media to put Reliance at top

In a new report, Bernstein Research said India is evolving into a three-player market with Amazon, Walmart and Reliance New Delhi: Billionaire Mukesh Ambani's Reliance is the best-positioned player in the USD 150-billion Indian e-commerce market ahead of Amazon and...

Walmart looking at sourcing toys, shoes, bicycles from India

The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles New Delhi: US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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