walmart
Retail
Evaluating changes in FDI rules to avoid ‘unintended consequences’: Amazon
US e-tail giant Amazon sees "very good long-term prospects" in the Indian market but is evaluating the recent changes in FDI rules for online marketplaces to ensure that there are no "unintended consequences" for customers and sellers on its...
Retail
No extension of February 1 deadline to comply with e-commerce FDI norms
IANS -
In a major setback to Amazon and Walmart-led Flipkart, the Department of Industrial Policy and Promotion (DIPP) on Thursday rejected the request to delay the implementation of the new FDI norms for the e-commerce sector. The new norms come...
Retail
Snapdeal bats for new FDI policy in e-commerce from Feb 1
IANS -
Leading e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1."Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that marketplaces are not misused to run...
Retail
Walmart, Amazon seek extension of Jan 31 deadline on e-commerce compliance, panic as Govt silent
IANS -
There is trouble in paradise. The Government's drastic intervention in e-commerce at the behest of vested domestic interests and the powerful traders lobby has created consternation in the bulge bracket world of e-commerce in India.With the big players having...
Food
Myntra taps 9,000 kirana stores in 50 cities to boost last-mile delivery
IANS -
Flipkart-owned ecommerce platform Myntra that saw 80 percent revenue fall in FY2018 has doubled down on last-mile delivery, tapping into over 9,000 kirana stores across 50 cities to fast deliver packages.Today, nearly 60 percent of all Myntra's product pick-ups...
Research
Reliance Retail is 94th on Deloitte’s top retailer list
IANS -
The global retailing industry saw a record growth in revenue in 2017 with the top 250 companies increasing their revenue by over 83 percent, according to a latest report by a professional services multinational that said Reliance Retail was...
Food
Walmart expands its grocery delivery service providers
Walmart has announced the addition of four delivery companies to its team to help expand the retailer’s popular online grocery delivery option. Point Pickup, Skipcart, AxleHire and Roadie will help power Walmart’s online grocery deliveries in metro areas across...
Retail
Focussed on bringing next 200 mn Indians into e-commerce fold: Flipkart CEO
Walmart-backed Flipkart is betting big on categories like grocery, furniture and its range of private labels to bring new customers onboard its platform as well as expand its share in the user's wallet, according to CEO Kalyan Krishnamurthy.Speaking to...
Retail
Almost 45 pc of seller base from tier-II, III cities: Flipkart
E-commerce major Flipkart Tuesday said it has witnessed strong growth in its seller base this year, driven by steady increase in merchants from tier-II and III cities that now account for almost 45 percent of the total tally.According to...
Research
After Flipkart, Walmart eyes another Indian startup that specialises in AI
IANS -
Walmart Labs India, the local product development division of US retail giant Walmart, on Thursday announced it would hire key tech team from Artificial Intelligence (AI) and data analytics start-up Int.ai — its second acqui-hiring in the country within...
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52% of Indian retailers to onboard fresh graduates in FY25: Report
In 2023, the retail industry experienced an 8% rise in job applications, while demand surged by 18%, indicating a...
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