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Walmart
Walmart News
Amazon
19 Apr 2024
Amazon Ran Secret Firm 'Big River' To Gather Intel On Rivals: Report
The employees at the fake company were instructed to take screenshots of the products on various marketplaces.
Flipkart
17 Mar 2024
Flipkart Valuation Declines By Over Rs 41,000 Crore In Two Years
Flipkart attributed the decline in valuation to the demerger of fintech firm PhonePe into a separate company.
Walmart
02 Sep 2023
Walmart Paid $3.5 Bn To Buy Flipkart Shares From Binny Bansal & Others
Bansal reportedly received about $1-$1.5 billion from his shareholding in Flipkart. Binny, along with Sachin Bansal, exited Flipkart after selling it to Walmart in 2018 for around $16 billion.
Walmart
04 Jun 2023
Walmart's Shareholding In PhonePe Drops To 85%
PhonePe has now raised a total of USD 850 million of primary capital in the current round till the end of May.
PhonePe
17 Mar 2023
PhonePe Raises $200 mn In Additional Funding From Walmart
With this tranche, the company has raised USD 650 million (around Rs 5,360 crore) from several global investors, PhonePe said in a statement.
Amazon
19 Jan 2023
THIS company beats Apple to become no 1 brand in world; check list of top 10
Despite regaining the top spot, Amazon's brand worth has decreased by almost $50 billion this year, according to Brand Finance's Global 500 2023 list, and its grade has dropped from AAA+ to AAA.
PhonePe
05 Jan 2023
Walmart may have to pay $1 bn tax on PhonePe shift to India: Reports
According to reports, citing sources aware of developments, the tax is the result of PhonePe's relocation and it's rising valuation, after Walmart took majority share in it.
Walmart
22 Dec 2022
Walmart hires over 150 on Unstop.com
Walmart Global Tech India recently held a hiring competition - Sparkplug 2022 - on Unstop.com, an early talent engagement and hiring platform, garnering over 10,000 registrations from 34 engineering colleges across India, said Unstop.
Walmart
27 Oct 2022
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
With new funds, Flipkart's valuation is set to soar to more than $40 billion, giving a fillip to the Indian funding scene which is going through a harsh winter.
Mississippi
04 Sep 2022
Pilot who threatened to crash into Mississippi Walmart faces criminal charges
Police said Cory Patterson had stolen a King Air twin-engine jet from Tupelo`s airport and flew it over the town for a few hours, putting residents on edge. He eventually landed in a field and was arrested.
Walmart Layoffs
04 Aug 2022
Walmart lays off 200 corporate employees amid rising inflation
Amazon has also reduced its direct workforce by nearly 1 lakh. Amazon plans to become more cautious in its hiring.
PhonePe
18 May 2022
Phonepe to acquire wealth management platforms Wealthdesk, Open IQ for $75 mn
The founder and the entire team will be working as a part of the PhonePe group and both the platforms. WealthDesk will continue to remain an open platform for all players. The valuation of Wealthdesk reportedly is over $50 million.
Amazon
28 Apr 2022
Top Amazon, Flipkart sellers raided by Competition Commission of India: Report
Some sellers on Walmart`s Flipkart platform were also being raided by officers. Amazon has previously said it "does not give preferential treatment to any seller on its marketplace." Amazon has also said that it "treats all sellers in a fair, transparent, and non-discriminatory manner".
Flipkart
06 Apr 2022
Flipkart launches Flipkart Health Plus app to foray into healthcare sector
The app is available on the Android Play Store and will come on iOS in future. The new app is an intermediary marketplace platform as of now.
Walmart
21 Jan 2022
Walmart invites Indian sellers to expand overseas via US marketplace
This initiative expands on over 20 years of Walmart's engagement with Indian exporters. India is already one of Walmart`s top sourcing markets. The company has set an ambitious goal of exporting $10 billion from India each year by 2027.
Twitter
23 Nov 2021
Twitter conducting first shopping livestream on November 28
The company said that while watching a Live Shopping stream on Twitter, people can take several actions that make the shopping experience on Twitter seamless.
Walmart
13 Sep 2021
Walmart release on litecoin partnership is fake; crypto tumbles after rise
The fake statement said Walmart would allow its customers to make payments with litecoin at its online stores. It quickly gave up most of those gains and was last trading up about 5%.
Amazon
11 Jun 2021
Karnataka HC deals blow to Amazon, Walmart''s Flipkart in antitrust case
The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart. There was a complaint from a trader group that alleged they were promoting some “preferred sellers" and in turn hurting business for other, smaller sellers.
SoftBank
04 Jun 2021
Flipkart may get $500-600 million from THIS returning investor: Report
SoftBank will re-enter Flipkart's cap table three years. SoftBank has exited Flipkart by selling its stake in 2017. Currently, Walmart is the majority shareholder in the company.
Walmart
03 Jun 2021
THIS company is giving free Samsung phones to over7 lakh+ employees
The phone sells at $499.99 on Samsung Electronics Co Ltd`s website. People will use the phone for managing shifts and as a personal device as well. Workers would receive Samsung Galaxy XCover Pro smartphones.
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