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PhonePe raises $350 million at $12 billion valuation

Funding rounds backed by venture capital firms have slowed down, with Indian startups having raised a third lesser last year…

Updated: January 19, 2023 12:16 IST

Walmart gets $1 billion tax bill for PhonePe shift to India

Investors including Tiger Global Management have now purchased shares of PhonePe in India at the new price, leading to tax…

January 5, 2023 14:07 IST

TCS, Walmart in award list of most inclusive companies for women in tech

Wequity Awards honours companies that are making workplaces inclusive for women.

January 4, 2023 16:54 IST

Walmart shooting: Multiple people dead in Virginia, including gunman

At 10:12 pm, police responded to a report of a shooting inside a Walmart at Sam’s Circle, Kosinski said, adding…

Updated: November 23, 2022 12:15 IST

Walmart expects smaller drop in annual profit, announces $20 bln share buyback

The company’s heavy discounting and focus on keeping prices lower than rivals have also helped it take market share from…

November 15, 2022 18:15 IST

Flipkart burns over USD 3.7 billion cash in about a year till September 2022

The company, in July 2021, raised USD 3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to…

Updated: November 10, 2022 14:00 IST

Flipkart Commerce general counsel quits; Walmart India’s VP legal gets interim charge

The resignation of Panigrahi has come in the midst of the company running its annual festival sale – The Big…

Updated: September 29, 2022 12:51 IST

Kiranas account for 30% of Flipkart’s 100 million monthly deliveries

In addition, the Walmart-owned company said it has doubled the number of kirana partners to 200,000 over the last year.

Updated: September 5, 2022 11:32 IST

PhonePe says not planning IPO right now

Flipkart owns about 87 per cent stake in PhonePe, while Walmart has about 10 per cent.

June 16, 2022 16:50 IST

PhonePe prepping for IPO, seeks valuation of $8-10 billion

Recently, a number of internet-led businesses launched their IPOs, including Zomato, CarTrade, Nykaa, Paytm and PolicyBazaar.

June 15, 2022 16:35 IST

Tencent buys Rs 2,060-crore stake in Flipkart

A slew of investors like DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and…

June 13, 2022 05:30 IST

Flipkart clocks over 200 million fashion products 2022 Spring-Summer season

The season saw close to 1.75 lakh fashion sellers participating and they came from metros as well as Tier 2…

June 2, 2022 03:15 IST

India lines up banks, others for e-commerce scheme to take on Amazon, Walmart

Some of India’s biggest banks are in discussions about setting up “buyer platforms” to let their customers place orders for…

June 1, 2022 20:20 IST

PhonePe to acquire 2 wealth management firms as Walmart to take on Amazon in India

PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million, two sources directly aware of the…

May 18, 2022 13:52 IST

Flipkart opens supply chain arm eKart to other businesses

Flipkart is now in direct competition with leading logistics companies like Delhivery, Bluedart and Ecom Express.

April 29, 2022 02:13 IST

Walmart’s Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listing, say sources

Just last year, Flipkart raised $3.6 billion in a funding round, giving it a valuation of $37.6 billion.

April 7, 2022 15:20 IST

Flipkart forays into healthcare sector; launches Flipkart Health Plus app

Flipkart Health Flipkart Health Plus platform will onboard over 500 independent sellers with a network of registered pharmacists for validation…

April 6, 2022 22:21 IST

Walmart not keen to open retail stores in India; to focus on Flipkart, PhonePe

The retailer is focused on ensuring that it is seen as a “good partner” for the country and has attempted…

March 11, 2022 19:06 IST

Investments in Agri sector technology are stirring the pot for this traditional space

Over the last couple of years, there has been an exponential flow of investments in the agri-tech sector, which is…

March 1, 2022 11:36 IST

Mukesh Ambani’s RIL slips 59 places on Fortune list, SBI jumps 16 notches

Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic

August 2, 2021 22:02 IST

Amazon, Tata say Indian govt e-commerce rules will hit businesses: Sources

The government’s tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the…

July 3, 2021 21:30 IST

Covid-led operational curbs in India impacted business: Walmart

Most Indian states have imposed lockdowns and curfews to tame a deadly spike in cases. In some markets, including the…

May 19, 2021 06:00 IST

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6 killed in shootout at Virginia’s Walmart store, gunman also dead – Photos

So far this year, the US has witnessed 40 mass killings.

November 23, 2022 19:58 IST

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Top 10 business news today: From Vijay Mallya passport, Raghuram Rajan salary to Narendra Modi app

Buzz from the biz world

April 25, 2016 10:05 IST

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Top 10 business news today: Akshay Kumar’s Airlift tax free in UP, 20 smart city list unveiled, Mukesh Ambani and Azim Premji among world’s wealthiest, Ford Mustang to debut in India, more

Top 10 business news today: Akshay Kumar's Airlift tax free in UP, 20 smart city list unveiled, Mukesh Ambani and…

January 29, 2016 12:55 IST

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Top 10 news today (Business): Aamir Khan intolerance row, Mahindra XUV500 automatic launched, Hyundai Elite i20 sales, Delhi Metro hit, Tinder downloads up 400%, more

Top 10 news today (Business): Aamir Khan intolerance row, Mahindra XUV500 automatic launched, Hyundai Elite i20 sales, Delhi Metro hit,…

November 26, 2015 12:28 IST

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Amazon beats Wal-Mart in market-cap: Check out top 12 companies on US’ S&P 500 index

Amazon surpassed the world's largest retailer, Wal-Mart Stores Inc., in market value Friday, on the back of a strong earnings…

July 25, 2015 16:09 IST

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