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Explained – What Jack Ma’s retirement means for India

That he speaks impeccable English despite being a Chinese comes from the fact that Jack Yun Ma, Co-Founder and Executive Chairman of e-commerce behemoth Alibaba, graduated from Hangzhou Teacher’s Institute with a major in English and later became a...

Flipkart Big Billion Days: Walmart-backed company aims over 30 pc phone sales this festive season

Flipkart aims to account for over 30 percent of the phone sales this festive season as it lines up new launches through handset partners and dishes out more financing options to woo Indian shoppers. According to a PTI report: The...

Flipkart acquisition may impact Walmart income FY 19, 20

The acquisition of Flipkart by Walmart may negatively impact the net income of the latter this fiscal and also the next, said Walmart in its recent regulatory filing. According to a PTI report: The US retail giant had last month...

Urbanisation with affluency coupled with digital disruption forces online offline retailer to join hands

With rapid urbanization of several Indian cities, there are localities within these urban cities that can be comparable with Tier II cities in other parts of the country. According to top retail experts at India Retail Forum 2018, the...

Walmart unboxes America’s best toy shop

When it comes to toys, Walmart is not playing around! Walmart has unboxed its plans for America’s Best Toy Shop: its destination for kids’ favorite products – toys! – in its stores and on Walmart.com. Walmart’s toy aisles are...

Flipkart unveils Indian version of eBay for refurbished goods

Retail giant Walmart-owned leading e-tailer Flipkart on Wednesday unveiled a dedicated portal '2GUD' for refurbished goods, including mobile phones, laptops and tablets, a week after shutting its eBay India operations. "The independent platform '2GUD' aims to bring affordability, accessibility and...

Walmart acquires 77 percent stake in Flipkart Group

Retail giant Walmart Inc. on Saturday acquired approximately 77 percent stake in e-commerce major Flipkart. According to a statement, Walmart now holds approximately 77 percent of Flipkart, while the remainder of the business is held by other shareholders, including Flipkart...

Shubh Food Products: Leading the Spice Race

Shubh Food Products has carved a name for itself in the past 18 years. Starting off with a simple spice product Asafoetida (hing), the company now boasts of numerous private label products under its belt. Founder Gaurav Gambhir once...

Walmart’s share price soars due to strong revenue gains

Walmart's share price soared on Thursday as investors focused on the retail giant's strong quarterly revenue gains and shrugged off a net loss linked to the sale of a majority stake in its Brazilian unit. The Bentonville, Arkansas-based company posted...

Walmart India activates UPI for all its registered members

Walmart India, a wholly-owned subsidiary of Walmart Inc, on Thursday activated unified payments interface (UPI) for all its registered members. This payment solution will enable members, especially kiranas/resellers, who shop online at Walmart India's B2B e-commerce site bestprice.in, to make...
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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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