Page 8 - Walmart

PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion

The company's foray into financial services is going to play a key role in the firm becoming profitable and going public

Flipkart sales have crossed pre-Covid-19 levels, says Walmart CEO

McMillon said that he is pleased with how the teams at Flipkart managed the Covid-19 environment in a really effective way

Walmart beats on profit, posts record growth in online sales amid Covid-19

The near-doubling of online sales in the second quarter helped the retailer trounce Wall Street expectations for quarterly profit and same-store sales

In pics: Reliance in Fortune's top 100 global companies; see top 10 list

According to the Fortune, this year, Global 500 companies employ 69.9 million people. Check out the list to know more

Walmart Labs' Indian entity to be known as Walmart Global Tech India

The technology arm of the US retail giant said the move is part of the launch of its new global identity as Walmart Global Tech.

4 Big Tech CEOs under US Congress scanner on issues of competition, privacy

One of them is the world's richest individual (Bezos); another is the fourth-ranked billionaire (Zuckerberg)

Walmart's reverse merger with Flipkart may bulk up valuations ahead of IPO

The reverse merger may bulk up valuations ahead of an IPO in two years, but questions about the performance of the wholesale business remain

RIL's home team advantage

India's complicated e-commerce policy with restrictions on overseas investors may help keep out global retail and e-commerce players

Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis

The United States' largest employer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.

Reliance emerging as bigger threat for US giants like Amazon, Walmart, Zoom

Stake sales in Reliance's digital unit Jio Platforms attracted not just private equity and sovereign wealth funds but also Google and Facebook

Fighting Covid-19: Walmart latest retailer to ask customers to wear masks

Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores, making it the largest retailer to introduce such a policy

Flipkart starts part payment method to reduce cancellations, order returns

Walmart-owned e-commerce firm says option would encourage pre-paid transactions and reduce cash on delivery

Walmart's PhonePe assures employees there will be no layoffs, salary cuts

The Walmart-owned company says it continues to hire and has plans to add about 600 people across areas such as engineering and marketing over the next few months

US Fed invests $428 million in Walmart, oil firms, tobacco giant and others

WASHINGTON (Reuters) - The U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.

Mukesh Ambani nears deal to buy stake in some units of Future Group

An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month

CCI to review Facebook's purchase of 10% stake in Reliance Jio

The US social media giant's $5.7 billion investment in Reliance's digital unit is the biggest among a string of investments amounting to $13.7 billion into Jio Platforms, controlled by Mukesh Ambani

Walmart-Flipkart deal: AAR rejects Tiger Global plea on withholding tax

Tiger Global was one of the prominent shareholders in e-commerce major Flipkart, founded by Sachin Bansal and Binny Bansal in 2007.

Govt rejects Flipkart's proposal for entry into food retail business

The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India

IT firms to face heat as global enterprises put digital projects on hold

Digital initiatives of several global enterprises have been cancelled or postponed in the last couple of months as the Covid-19 crisis has prompted firms to halt non-revenue generating ventures

Limited Flipkart sales in India hit our growth: Walmart CEO Doug McMillon

Closure of stores, warehouses contributed to volatility in first quarter: McMillon