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Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report
Tiger Global and Accel are reportedly in talks to sell their remaining stake in Flipkart to Walmart for about $1.5 billion (roughly Rs. 12,235 crore). Meanwhile, the stake collectively amounts to about 5 percent and would raise Walmart's ownership in Flipkart, according to a report.
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YouTube Plans to Launch Online Store for Streaming Video Services: Report
YouTube is reportedly planning to launch an online store for streaming video services. The company has also renewed talks with entertainment companies about participating in the platform, as per the report. With the new platform, YouTube will join companies like Roku and Apple in a bid to gain a portion of the already crowded streaming market.
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Walmart Cuts Jobs, Joins Tesla, Netflix, and Coinbase Global: Report
Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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Amazon Issued 13,000 Disciplinary Notices at Single US Warehouse, States Court Filing
Amazon’s internal documents reveal how the company measured workers’ performance in minute detail and issued more than 13,000 so-called “disciplines” in a single US warehouse alone, according to one lawyer for Amazon. The facility had about 5,300 employees around that time. In its statement, Amazon said these write-ups did not accurately re...
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Flipkart Hikes IPO Valuation Range To $60-70 Billion, Plans US Listing For 2023: Report
Flipkart has internally raised its initial public offer (IPO) valuation target by around a third to $60-70 billion
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Walmart Asks Indian Sellers To Expand In US Using Its Marketplace
The world's largest retailer Walmart has invited Indian sellers to use its delivery infrastructure and marketplace for reaching out to customers overseas.
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Walmart Allowing Some Shoppers To Buy Bitcoin At Coinstar Kiosks
Walmart Inc said on Thursday customers at some of its U.S. stores will be able to purchase bitcoin using ATM-like machines installed by Coinstar.
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India’s Plan for Tighter E-Commerce Rules Facing Internal Government Dissent, Show Documents
India's plan to have stricter rules governing the e-commerce market has run into internal government dissent with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".
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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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Flipkart Acquisition Continues to Hit Walmart’s Bottom Line
Flipkart acquisition once again negatively impacted Walmart International's operating income on Thursday which dropped to $600 million in the third quarter ending September from $1.2 billion a year-ago quarter.
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Walmart To Stop Sale Of E-Cigarettes In US Amid Crackdown On Vaping
Walmart Inc told its staff on Friday the retailer was discontinuing the sale of e-cigarettes and electronic nicotine delivery products at its US stores. In an internal memo seen by Reuters, Walmart said growing federal, state and local regulatory complexity and uncertainty were behind its decision.
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Walmart Got A $10 Billion (Happy) Surprise After Buying Flipkart
Walmart debated for months whether to keep funding the payments business internally or whether to separate the operation so it could raise outside funds.
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US Considers Withdrawal Of Zero Tariffs For India: Report
Trigger for latest downturn in trade ties was India's new rules on e-commerce that restrict the way Amazon and Walmart-backed Flipkart do business.
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Walmart Pips Apple To Become Number 3 Online Retailer
Leading the ranking is Amazon, accounting for 48 per cent share and is likely to make around $252.10 billion this year.
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Myntra CEO Dismisses Resignation Reports Amid Flipkart Crisis
Binny Bansal the chief of Flipkart Group resigned after an internal probe into what parent Walmart Inc said was "serious personal misconduct".
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Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report
Tiger Global and Accel are reportedly in talks to sell their remaining stake in Flipkart to Walmart for about $1.5 billion (roughly Rs. 12,235 crore). Meanwhile, the stake collectively amounts to about 5 percent and would raise Walmart's ownership in Flipkart, according to a report.
-
YouTube Plans to Launch Online Store for Streaming Video Services: Report
YouTube is reportedly planning to launch an online store for streaming video services. The company has also renewed talks with entertainment companies about participating in the platform, as per the report. With the new platform, YouTube will join companies like Roku and Apple in a bid to gain a portion of the already crowded streaming market.
-
Walmart Cuts Jobs, Joins Tesla, Netflix, and Coinbase Global: Report
Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
-
Amazon Issued 13,000 Disciplinary Notices at Single US Warehouse, States Court Filing
Amazon’s internal documents reveal how the company measured workers’ performance in minute detail and issued more than 13,000 so-called “disciplines” in a single US warehouse alone, according to one lawyer for Amazon. The facility had about 5,300 employees around that time. In its statement, Amazon said these write-ups did not accurately re...
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Flipkart Hikes IPO Valuation Range To $60-70 Billion, Plans US Listing For 2023: Report
Flipkart has internally raised its initial public offer (IPO) valuation target by around a third to $60-70 billion
-
Walmart Asks Indian Sellers To Expand In US Using Its Marketplace
The world's largest retailer Walmart has invited Indian sellers to use its delivery infrastructure and marketplace for reaching out to customers overseas.
-
Walmart Allowing Some Shoppers To Buy Bitcoin At Coinstar Kiosks
Walmart Inc said on Thursday customers at some of its U.S. stores will be able to purchase bitcoin using ATM-like machines installed by Coinstar.
-
India’s Plan for Tighter E-Commerce Rules Facing Internal Government Dissent, Show Documents
India's plan to have stricter rules governing the e-commerce market has run into internal government dissent with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".
-
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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Flipkart Acquisition Continues to Hit Walmart’s Bottom Line
Flipkart acquisition once again negatively impacted Walmart International's operating income on Thursday which dropped to $600 million in the third quarter ending September from $1.2 billion a year-ago quarter.
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Walmart To Stop Sale Of E-Cigarettes In US Amid Crackdown On Vaping
Walmart Inc told its staff on Friday the retailer was discontinuing the sale of e-cigarettes and electronic nicotine delivery products at its US stores. In an internal memo seen by Reuters, Walmart said growing federal, state and local regulatory complexity and uncertainty were behind its decision.
-
Walmart Got A $10 Billion (Happy) Surprise After Buying Flipkart
Walmart debated for months whether to keep funding the payments business internally or whether to separate the operation so it could raise outside funds.
-
US Considers Withdrawal Of Zero Tariffs For India: Report
Trigger for latest downturn in trade ties was India's new rules on e-commerce that restrict the way Amazon and Walmart-backed Flipkart do business.
-
Walmart Pips Apple To Become Number 3 Online Retailer
Leading the ranking is Amazon, accounting for 48 per cent share and is likely to make around $252.10 billion this year.
-
Myntra CEO Dismisses Resignation Reports Amid Flipkart Crisis
Binny Bansal the chief of Flipkart Group resigned after an internal probe into what parent Walmart Inc said was "serious personal misconduct".
