The government's tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country's online retailers, notably market leaders Amazon and Walmart Inc's Flipkart.
Most Indian states have imposed lockdowns and curfews to tame a deadly spike in cases. In some markets, including the major ones like Maharashtra and New Delhi, e-commerce companies are allowed to deliver only essentials. Ess
Previously, Walmart, Flipkart Group and the Walmart Foundation had provided Rs 46 crore (USD 6.2 million) in financial and in-kind support in India, including over 1 million PPE and CPE gowns, 600,000 N95 masks and 88 ventila
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