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Traders’ body to move court against CCI nod for Walmart-Flipkart deal

Fair trade watchdog Competition Commission of India (CCI) has approved the acquisition of e-commerce major Flipkart by Wal-Mart International Holdings. However, a traders' body said that it will move the court against the approval. "@CCI_India approves proposed acquisition of Flipkart Private...

Walmart expects ‘timely approval’ for Flipkart deal

Walmart expects timely approval from authorities for its US $16 billion deal to acquire Flipkart, a top company official said. According to a PTI report: The company is awaiting approval from fair trade regulator CCI, where its mega deal to...

Walmart to open 6 more stores in Uttar Pradesh soon

US retail major Walmart will open six more stores in Uttar Pradesh soon, taking the number of such outlets to ten, a top company official said. "We have four stores at present - two in Agra, and one each in...

Walmart to open 20 cash and carry stores in next three years

US Retail major Walmart will open 20 wholesale cash-and-carry stores in the next three years, a top company official said. The company, which opened its second fulfilment centre here, is also in the process of opening some more in...

Devendra Chawla, EVP & COO, Walmart

Walmart India, wholly owned subsidiary of Walmart Stores Inc., has appointed Devendra Chawla as EVP & Chief Operating Officer. Chawla will lead Merchandising, Marketing, and Omnichannel functions for Walmart India’s Cash & Carry business and will report to Krish Iyer,...

Walmart to boost digital footprint

Aiming to make shopping faster and easier for millions of customers, cash-and-carry major Walmart on Tuesday announced a five-year strategic partnership with Microsoft. Already using Microsoft services for critical applications and workloads, Walmart will now embark on a broad set...

Walmart to sell Japanese supermarket chain Seiyu: Nikkei

U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday. According to Nikkei report: The unit is expected to fetch 300...

Partnership with Flipkart to provide marketplace for thousands of suppliers: Walmart India

Cash-and-carry major Walmart India on Monday said that its partnership with e-commerce giant Flipkart will provide thousands of local suppliers and manufacturers access to consumers through the marketplace model. Walmart India's statement comes on a day, when traders across the...

Walmart deal will be cancerous to retail trade, says CAIT

The Walmart-Flipkart deal will be cancerous for the Indian retail industry, the Confederation of All India Traders (CAIT) has said in a letter to Finance Minister Piyush Goyal. According to a PTI report: CAIT said that its letter has also...

CAIT threatens nationwide agitation over Walmart-Flipkart deal

Retail trader body Confederation of All India Traders (CAIT) has threatened nationwide agitation if the government clears US $16 billion Walmart-Flipkart deal. "Since last five years we are knocking the doors of the government for bringing reforms in e-commerce but...
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