The CEO said that although the penetration of e-commerce in the country is low, it is growing rapidly. “We are well positioned to grow as an emerging middle class spends more money through mobile phones. In India, our momen
Flipkart also acquired the wholesale business of its parent company Walmart in India. It announced acquiring 100 per cent interest in Walmart India that owns and operates 28 Best Price cash and carry wholesale stores offering
Technology for MSMEs: Flipkart has been partnering with different state governments and government organisations including Uttar Pradesh, Jharkhand, Punjab, and Gujarat under its Samarth initiative launched in July last year
AAR noted that the “transaction was designed prima facie for avoidance of tax” and hence there is an “inescapable conclusion” that the Tiger Global entities in Mauritius were set up to derive benefit under India-Mauri
Wal-Mart has turned to the chief of its Chinese business Sean Clarke to revive Asda, its British supermarket group which has been the biggest casualty in an industry price war that has hammered its sales for nearly two years.
Some facts about Wal-Mart: Number of stores: Wal-Mart operates over 11,500 stores under more than 70 banners in 28 countries including the U.S. In the U.S., the company operates more than 5,200 stores including more than 600
Wal-Mart Stores Inc on Thursday reported a higher-than-expected quarterly profit as sales in the U.S. market rose, an improvement the retailer attributed in part to its increasing wages, and its shares jumped nearly 8 percent
Walmart Stores Inc filed a lawsuit against Visa Inc, saying the payments network operator was resisting the use of personal identification numbers (PINs) by customers for purchases made on debit cards at its stores.
With India allowing 100 per cent FDI in processed food retailing, US retail giant Walmart said it will evaluate opportunities in the segment while it gears up for the next phase of opening up of new cash and carry stores in t
Wal-Mart Stores Inc said on Wednesday it will shrink its board by three members to 12, bringing it closer to U.S. corporate norms in a move the largest U.S. retailer hopes would allow it to respond more nimbly to rapid market
Wal-Mart Stores Inc Chief Executive Doug McMillon's pay rose slightly to $19.8 million in the year ended January 31, a regulatory filing on Wednesday showed, even as profit at the world's largest retailer fell on higher costs
Chinese e-commerce giant Alibaba is expected to surpass the US multinational firm WalMart soon as the world's largest retail platform with its total trading volume this fiscal year set to exceed USD 463.3 billion, an official