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Meeting with Walmart CEO fruitful one, had insightful discussions: PM Modi

PTI -
Modi also said he was happy to see India emerge as an attractive destination for investment New Delhi: Prime Minister Narendra Modi on Sunday said his recent meeting with Walmart CEO Doug McMillon was a fruitful one during which they...
Food

As the pandemic continues, Walmart’s e-commerce sales jump 97 percent

Indiaretailing Bureau -
The pandemic continues to wreak havoc on the world, crippling businesses due to increasing unemployment, drastically low demands, and interruptions to logistics. As businesses fail to get a hold of the situation, there’s one company that’s showing tremendous results...
International News

Walmart announces special cash bonus, plans to hire 150,000 new associates to keep up with coronavirus panic sales

Indiaretailing Bureau -
Walmart announced plans to provide a special cash bonus for hourly associates for their hard work and dedication to serving customers in a time of an unprecedented national health crisis. The bonus is for all U.S. hourly associates in stores,...
Retail

Flipkart acquisition continues to hit Walmart International

IANS -
The Flipkart acquisition once again negatively impacted Walmart International's operating income on Thursday which dropped to US$ 600 million in the third quarter ending September from US$ 1.2 billion a year-ago quarter -- a massive drop of 46.2 percent. Operating...
Retail

IPO in long-term strategy, currently focused on e-commerce growth in India: Flipkart

Indiaretailing Bureau -
An initial public offering (IPO) is part of Flipkart's ambition and long-term strategy, but the Walmart-owned company is currently focused on getting 200-300 million new Indians into the e-commerce fold. According to a PTI report: The statement comes amid reports...
Latest News

Flipkart CEO Kalyan Krishnamurthy denies exit

IANS -
Flipkart CEO Kalyan Krishnamurthy has denied reports that he is going to quit the e-commerce company and a formal announcement on a new CEO is likely in June during the Walmart shareholders' meeting. In a statement to Inc42, Krishnamurthy said reports making the rounds...
Retail

Walmart CEO Doug McMillon says ‘committed’ to Indian market

Indiaretailing Bureau -
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...
Food

Walmart’s share price soars due to strong revenue gains

IANS -
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...
Food

Walmart to boost digital footprint

IANS -
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...
Retail

Flipkart deal may negatively impact earnings per share by US $0.25-0.30: Walmart

Indiaretailing Bureau -
World's largest retailer Walmart said its US $16 billion investment in Flipkart may negatively impact its earnings per share (EPS) by US $0.25-0.30 in fiscal year 2019, even though it remains excited about what the future holds in the...
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Curtain Raiser: India Food Forum 2023

More than 300 speakers, 700 brands and companies convene at the biggest B2B food intelligence event of the year....
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