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Walmart in preliminary talks to invest $1 billion in Flipkart

Walmart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt. Ltd in exchange for a minority stake in the Bengaluru-based e-commerce company, according to several reports. The move is being widely...

Walmart stops selling Egyptian cotton sheets made by Welspun

Soon after Target Corp severed ties with Welspun India, alleging that Welspun used cheaper quality cotton while supplying bedsheets, passing it off as premium Egyptian cotton, Walmart has decided to stop selling the same too after the Indian manufacturer was unable to...

Target severs contract with Welspun India, Walmart orders review

Shares of Welspun India logged their biggest one-day fall in over 16 years and lost 20 per cent of market capitalisation on Monday after Target Corp - Welspun's biggest client - severed business ties with them. The Indian company suffered another jolt...

Investment climate, ease of conducting business improving in India: Krish Iyer

Walmart India President & CEO Krish Iyer remains convinced on the India opportunity, even as the world's largest retailer struggles to overcome challenges from online retail in its home territory, the USA. "India is one of the largest markets in...

Walmart CEO gets raise, pay packet is now $19.8 mn pa

The pay of Walmart Stores Inc Chief executive Doug McMillon's has rose slightly to $19.8 million in the year ended January 31, even as profit at the world's largest retailer fell on higher costs. According to a report in Reuters:...

Bharti Walmart opens fourth cash-and-carry store in Ludhiana

Bharti Walmart Private Limited, the joint venture between Bharti Enterprises and Walmart Stores Inc for wholesale operations in India, has recently opened its fourth Best Price Modern Wholesale cash-and-carry store in Ludhiana, Punjab. With this, the total investment of...
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Fashion industry leaders unite against discounting, embrace data-driven personalization

As fashion evolves from mere aesthetics to a reflection of personal identity, industry leaders at India Fashion Forum (IFF)...
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