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Walmart CEO Doug McMillon says ‘committed’ to Indian market

Almost a year into writing a US$ 16 billion cheque for Flipkart, Walmart CEO Doug McMillon Tuesday said the retail giant continues to be committed to the Indian market given the huge opportunity that the country presents. According to a...

Snapdeal to expand tech team; hire 120 engineers this year

E-commerce platform Snapdeal Monday said it is looking to expand its technology team with the addition of 120 engineers this year as it enhances personalisation and recommendation features for its users. The company, which competes with larger rivals like Amazon...

Walmart adds voice-shopping feature on Assistant

Competing with the likes of Alexa-powered Amazon, retail giant Walmart is now adding a voice-controlled shopping feature called 'Walmart Voice Order' on Google Assistant. To use the feature, users are required to add and link their existing Walmart accounts to...

BigBasket raises US$ 150 mn from Mirae, Alibaba and CDC Group

Online grocery platform BigBasket has raised about US$ 150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba, according to regulatory filings. According to a PTI report: Bigbasket had raised US$ 300 million in February...

Walmart India opens 24th ‘Best Price’ Cash & Carry store in India; creates 2,000 direct & indirect jobs

Walmart India, the wholly-owned subsidiary of Walmart Inc., has announced the opening of its first B2B Cash & Carry store in the city of Karimnagar, making it the second in the state of Telangana and the 24th 'Best Price...

Foreign e-tailers must have registered entity in country: Draft policy

E-commerce sites or apps available for download in India must have a registered business entity in the country, according to latest draft e-commerce policy, which also proposes regulation of cross-border flow of data collected by sector players in India. According...

Walmart still optimistic on Indian e-commerce after new FDI rules

US retail major Walmart said it is “disappointed” with recent changes in FDI policy for e-commerce firms in the country, and hopes for a collaborative regulatory process going forward which results in a level-playing field. According to a PTI report:...

Today’s demanding consumers need tech-savvy food retailers: Walmart India CEO

Food is the largest retail consumption category in India, accounting for 33 percent of the overall consumption expenditure. It is also the largest opportunity area, especially in times when market dynamics are changing dramatically, and consumer behaviour is no...

Walmart bets on India despite change in FDI norms

American retail giant Walmart and its Indian e-tail major Flipkart are betting big on India despite the revised norms for Foreign Direct Investment (FDI) in e-commerce, the companies said. "Walmart's and Flipkart's commitment to India is deep and long term....

Optimistic about Indian market despite changes in new FDI policy: Walmart

US retail major Walmart, which invested $16 billion in Flipkart, Wednesday said it is committed to the Indian market and is optimistic despite recent changes in the FDI policy for e-commerce firms in the country, according to a PTI report. The Bentonville-based retailing major's statement came...
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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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