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Krish Iyer

Walmart India appoints Sameer Aggarwal as Chief Business Officer

Walmart India on Monday announced the appointment of Sameer Aggarwal as its Chief Business Officer with immediate effect.The company said in a statement that its Chief Operating Officer Devendra Chawla has resigned "to pursue other opportunities outside Walmart India".Aggarwal...

Walmart India to invest US$ 500 million to open 47 more stores by 2022

Walmart India Wednesday said it would invest about US$ 500 million (about Rs 3,200 crore at the current exchange rate) to open another 47 stores by 2022 to take the total number of outlets to 70.According to a PTI...

Walmart eyes 10 pc revenue from private labels, 30 stores by 2019

Walmart India, which runs 22 Best Price wholesale stores, is planning to increase the share of its private labels to topline to 10 percent by next year as it plans to tap the Flipkart platform.According to a PTI report:...

Walmart India opens 22nd cash and carry store in India

Walmart India, the wholly-owned subsidiary of Walmart Inc, Saturday announced the opening of its 22nd business-to-business Cash and Carry store in the country, making it the second Best Price Modern Wholesale store in Ludhiana and the sixth in Punjab.The...

Walmart sees great value in Omnichannel retail with Flipkart acquisition

Walmart India said Tuesday with the acquisition of Flipkart it sees a great value in Omnichannel retail, although it will continue to focus on cash and carry business for the brick-and-mortar format in the country.Speaking at Retail India Summit...

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...

Walmart-Flipkart deal is good for retail industry: Atul Chaturvedi

American retail major Walmart's acquisition of 77 percent stake in Flipkart is good for the retail industry and will create more job opportunities, said Atul Chaturvedi, Additional Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry."It's...

Retail sector should get industry status: Walmart India CEO Krish Iyer

India’s retail sector is vital for the economy and employment generation and it is time to elevate the position of the sector to an 'industry', Walmart India President and CEO Krish Iyer said here on Wednesday.Iyer who was speaking...
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Lava International appoints Rajesh Sethi as group CFO

Sethi has over 27 years of financial management and strategic planning experience, will be responsible for overseeing Lava's financial...
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