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Krish Iyer

Walmart to open 50 new stores in India in 4-5 yrs

A day after announcing US $16 billion investment in India's largest online retailer Flipkart, Walmart Inc said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years."We currently have 21 stores...

Walmart picks up 77 pc stake in Flipkart for US $16 billion

Walmart has picked up 77 percent stake in Bengaluru-based e-commerce major for a whopping US $16 billion.“Walmart will pay approximately US $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. The remainder...

American Chamber of Commerce elects Walmart India CEO as New Chairperson

The American Chamber of Commerce (AMCHAM) in India has announced Krish Iyer, President & CEO, Walmart India as Chairperson of its National Executive Board. The election was made at the National Executive Board Meeting on April 26, 2018. Krish...

Walmart India appoints Sameer Aggarwal as EVP, Chief Strategy & Administrative Officer

Walmart India, wholly owned subsidiary of Walmart Inc., has appointed Sameer Aggarwal as Executive Vice President and Chief Strategy & Administrative Officer. He will lead Finance, Technology, Legal, Audit and the Strategy functions. He will report to Krish Iyer,...

Budget 2018 – Building a Resilient Bharat

I must compliment Prime Minister Modi and Finance Minister Jaitley for intense focus on fiscal prudence in this budget. There is a huge focus in this ‘New Bharat’ Budget on inclusive growth and farm sector and despite that fiscal...

Relief to MSMEs would benefit ecosystem: Retail industry

The retail industry has welcomed the budget, saying the Government's move to cut corporate tax for MSMEs will benefit the ecosystem, boost the rural sector and increase domestic consumption.According to a PTI report: Besides, doubling of allocation of funds...

Retail industry reacts to the Union Budget 2018

In his last full budget before general elections in 2019, Finance Minister Arun Jaitley reduced corporate tax for 99 percent of the companies to 25 percent.In keeping with his earlier announcement of reducing corporate taxation rate to 25 per...

Indian gourmet must reach out worldwide to create and cater global demand

Food retailers must take Indian gourmet to the world to help achieve quality and scale in addressing the demand of Indian retail market, according to a cross section of retail stalwarts at the 11th edition of Indian Food Forum...

India Food Forum 2018 Kicks Off From Jan 17-19 At Bombay Exhibition Centre

The 11th Annual Mega Congregation of India Food Forum powered by Sri Sri Tattva, India's most comprehensive platform for ideas and innovations in the food, FMCG and HoReCa sector –– will be held at the Bombay Exhibition Centre, Goregaon,...

Walmart India finalizes 20 sites for new stores

Walmart India has signed 20 new sites for new stores and will start opening them from the next year, a top company official said. According to a PTI report: The company, which runs 21 Best Price wholesale stores in nine...
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51% of buyers frustrated by poor customer service: Report

51% of respondents highlighted poor customer service as the leading issue concerning kitchen appliancesNew Delhi: Brands dealing in...
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