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Walmart Pays Most Of $1 Billion Tax Bill For Shifting PhonePe To India
US retail giant Walmart has paid the taxes arising from the shifting of the headquarters of PhonePe to India.
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Walmart Confirms It Paid Most of $1 Billion Tax to Move PhonePe Headquarters to India
Walmart said on Wednesday that it had paid the Indian government most of the $1 billion (roughly Rs. 8,300 crore) tax after it shifted the headquarters for PhonePe from Singapore to India. The US retail giant said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both firms.
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Walmart Agrees To Pay $3.1 Billion In Opioid Settlement Case In US
US retail giant Walmart said Tuesday it has agreed to a $3.1 billion settlement, resolving allegations that it contributed to the nationwide opioid crisis.
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Amazon Accuses US Antitrust Bill for Unfairly Targeting the Retailer With Strict Regulations
Amazon on Wednesday has questioned a US antitrust bill which barred tech giants from giving preference to their own businesses on their websites. According to Amazon, it has been unfairly singled out by the bill, while its rivals Walmart, Target and CVS have not subjected to similar regulations.
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Walmart Seeking to Hire Cryptocurrency Lead in US as It Looks at Developing Digital Currency Strategy
Walmart, the American retail giant, is seeking to hire a Digital Currency and Cryptocurrency Product Lead, who will be entrusted with the task of developing the digital currency strategy and product roadmap. Not just that, as a cryptocurrency lead of operations at the company, the new joinee will also be responsible for driving the vision for the p...
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Walmart To End Mask Mandate For Vaccinated Shoppers, Staff
US retail giant Walmart on Friday said customers who are fully vaccinated against Covid-19 no longer have to wear masks in their stores, and staff can do the same starting next week.
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Flipkart, PhonePe Have Room for Other Investors: Walmart CEO Doug McMillon
Walmart's Indian e-commerce firm Flipkart and digital payments business PhonePe have room for other investors and could raise money in several ways including stock market listings, the US retail giant's CEO said.
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Amazon US Employees Press for Election Day Holiday
More than 3,000 Amazon employees have signed a petition asking the technology and retail giant to provide a holiday for voting in the November 3 US election, organisers said.
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US Retail Giant Walmart Says Teaming With Microsoft In Bid For TikTok
US retail giant Walmart said Thursday it had teamed with Microsoft in a bid to buy short-form video app TikTok.
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Walmart To Hire Over 1 Lakh Workers To Meet Demands Amid Coronavirus
Walmart plans to hire 150,000 people to meet increased demand during the coronavirus crisis and will pay out $365 million in bonuses, the US retail giant said.
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Amazon Eating Google Online Search Ad Share: eMarketer
Amazon is eating into Google's giant slice of online search advertising in the US as businesses target the online retail platform's shoppers, according to an eMarketer forecast released on Tuesday.
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Flipkart Co-Founder Sachin Bansal Invests Rs 650 Crore In Ola
Sachin Bansal left Flipkart last year after US retail giant Walmart picked up a 77 per cent stake in the Indian e-retailer for $16 billion.
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Amazon Rules US E-Commerce, as Walmart Gains: eMarketer
Amazon's sales are likely to grow a robust 30 percent and its market share is likely to grow to 48 percent of online retail sales.
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Challenging Situation For Binny Bansal, Said Flipkart Internal Note
Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The U.S. retail giant completed its $16 billion purchase of the company in August in a deal that lifted Bansal's net worth to $1 billion.
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Amazon, Samara Capital Buy 'More' Retail Chain For 4,200 Crore Rupees
Amazon's latest acquisition adds more heat to the US e-commerce giant's battle with Walmart Inc in the domestic market, after Walmart acquired Flipkart for $16 billion earlier this year.
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Walmart Pays Most Of $1 Billion Tax Bill For Shifting PhonePe To India
US retail giant Walmart has paid the taxes arising from the shifting of the headquarters of PhonePe to India.
-
Walmart Confirms It Paid Most of $1 Billion Tax to Move PhonePe Headquarters to India
Walmart said on Wednesday that it had paid the Indian government most of the $1 billion (roughly Rs. 8,300 crore) tax after it shifted the headquarters for PhonePe from Singapore to India. The US retail giant said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both firms.
-
Walmart Agrees To Pay $3.1 Billion In Opioid Settlement Case In US
US retail giant Walmart said Tuesday it has agreed to a $3.1 billion settlement, resolving allegations that it contributed to the nationwide opioid crisis.
-
Amazon Accuses US Antitrust Bill for Unfairly Targeting the Retailer With Strict Regulations
Amazon on Wednesday has questioned a US antitrust bill which barred tech giants from giving preference to their own businesses on their websites. According to Amazon, it has been unfairly singled out by the bill, while its rivals Walmart, Target and CVS have not subjected to similar regulations.
-
Walmart Seeking to Hire Cryptocurrency Lead in US as It Looks at Developing Digital Currency Strategy
Walmart, the American retail giant, is seeking to hire a Digital Currency and Cryptocurrency Product Lead, who will be entrusted with the task of developing the digital currency strategy and product roadmap. Not just that, as a cryptocurrency lead of operations at the company, the new joinee will also be responsible for driving the vision for the p...
-
Walmart To End Mask Mandate For Vaccinated Shoppers, Staff
US retail giant Walmart on Friday said customers who are fully vaccinated against Covid-19 no longer have to wear masks in their stores, and staff can do the same starting next week.
-
Flipkart, PhonePe Have Room for Other Investors: Walmart CEO Doug McMillon
Walmart's Indian e-commerce firm Flipkart and digital payments business PhonePe have room for other investors and could raise money in several ways including stock market listings, the US retail giant's CEO said.
-
Amazon US Employees Press for Election Day Holiday
More than 3,000 Amazon employees have signed a petition asking the technology and retail giant to provide a holiday for voting in the November 3 US election, organisers said.
-
US Retail Giant Walmart Says Teaming With Microsoft In Bid For TikTok
US retail giant Walmart said Thursday it had teamed with Microsoft in a bid to buy short-form video app TikTok.
-
Walmart To Hire Over 1 Lakh Workers To Meet Demands Amid Coronavirus
Walmart plans to hire 150,000 people to meet increased demand during the coronavirus crisis and will pay out $365 million in bonuses, the US retail giant said.
-
Amazon Eating Google Online Search Ad Share: eMarketer
Amazon is eating into Google's giant slice of online search advertising in the US as businesses target the online retail platform's shoppers, according to an eMarketer forecast released on Tuesday.
-
Flipkart Co-Founder Sachin Bansal Invests Rs 650 Crore In Ola
Sachin Bansal left Flipkart last year after US retail giant Walmart picked up a 77 per cent stake in the Indian e-retailer for $16 billion.
-
Amazon Rules US E-Commerce, as Walmart Gains: eMarketer
Amazon's sales are likely to grow a robust 30 percent and its market share is likely to grow to 48 percent of online retail sales.
-
Challenging Situation For Binny Bansal, Said Flipkart Internal Note
Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The U.S. retail giant completed its $16 billion purchase of the company in August in a deal that lifted Bansal's net worth to $1 billion.
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Amazon, Samara Capital Buy 'More' Retail Chain For 4,200 Crore Rupees
Amazon's latest acquisition adds more heat to the US e-commerce giant's battle with Walmart Inc in the domestic market, after Walmart acquired Flipkart for $16 billion earlier this year.
