Walmart, Hero Cycles pedal towards resilient supply chains with “Make in India” triumph
Dec 15, 2023, at 04:33 am
The holiday season is upon us, and with it comes a surge in demand for bicycles.
Walmart increases imports from India to benefit from cheaper imports
Nov 30, 2023, at 04:25 am
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.
Walmart to host growth summit to partner with Indian suppliers for exports
Nov 11, 2023, at 10:33 pm
Walmart has opened the application process for the company’s first Growth Summit in India, offering export-ready suppliers, micro, small and medium-size enterprises (MSMEs), cross-border trade suppliers, and innovative supply chain companies an opportunity to pitch for business.
PhonePe enters stockbroking domain with Share.Market app
Aug 31, 2023, at 03:37 am
Bengaluru: Walmart-owned fintech company PhonePe on Wednesday announced its foray into the stock broking domain by introducing its app called "Share.Market". This app enables users to engage in trading and investments within stocks, mutual funds, and exchange-traded funds (ETFs), media reports said.
Walmart's stake in fintech subsidiary PhonePe drops to 85%
Jun 05, 2023, at 07:14 pm
Retail behemoth Walmart’s shareholding in fintech company PhonePe has dropped from 89 percent to 85 percent amid the latter’s fundraise of $1 billion, media reports said.
PM Modi interacts with Walmart CEO Doug McMillon
May 15, 2023, at 05:28 am
New Delhi: Prime Minister Narendra Modi on Sunday said he had an insightful meeting with Walmart CEO Doug McMillon, and he is happy to see India emerge as an attractive destination for investment.
PhonePe raises another $200 million in ongoing funding from largest shareholder Walmart
Mar 18, 2023, at 05:39 am
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
Walmart Foundation to invest over USD 3.5 million in West Bengal, Madhya Pradesh
Jan 25, 2023, at 12:14 am
New Delhi/Kolkata: Walmart Foundation on Tuesday announced three new grants in the states of Madhya Pradesh and West Bengal with the aim to empower smallholder farmers through the Farmer Producer Organisation (FPO) framework.
$1-billion tax imposed on retail giant Walmart for PhonePe relocation to India: Report
Jan 05, 2023, at 05:55 am
New Delhi: The Indian government has imposed a tax of $ 1 billion on Walmart and digital payments company PhonePe for shifting the latter’s base to India from Singapore, Bloomberg reported.
Walmart invites Indian sellers to join US marketplace
Jan 21, 2022, at 05:53 am
Bengaluru/UNI: Walmart is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million U.S. shoppers each month.
Flipkart to set up 4 new facilities in Maharashtra, 4,000 jobs to be created
Aug 18, 2021, at 01:09 am
Mumbai/IBNS: Walmart-run e-commerce major Flipkart has announced it will strengthen its presence in the western state of Maharashtra by setting up four new facilities.
Snapdeal ropes in senior Walmart Executive Saurabh Bansal as Chief Merchandising Officer
Jul 06, 2021, at 10:28 pm
New Delhi: Snapdeal, an e-commerce company, on Tuesday announced the appointment of Saurabh Bansal as its Chief Merchandising Officer.
Apr 18, 2020, at 04:46 pm
Kolkata/IBNS: Walmart Inc., Flipkart and the Walmart Foundation have come together to contribute needed personal protective equipment (PPE) for healthcare workers and financial support for organizations providing essential relief materials to farmers and small businesses to join the battle against the Covid-19 pandemic.
Walmart opens new store in Kurnool
Dec 11, 2019, at 06:06 pm
Kurnool/UNI: Walmart India today announced the opening of its 28th Best Price Modern Wholesale Store in the country in the city of Kurnool in Andhra Pradesh.
Dec 02, 2019, at 06:17 pm
Kolkata/IBNS: Walmart India, the wholly owned subsidiary of Walmart Inc., has partnered with HDFC Bank Ltd. to launch a co-branded credit card exclusively for members of its Best Price Modern Wholesale “B2B Cash & Carry” stores.
The Walmart Foundation announces two new grants to benefit over 81,000 smallholder farmers in India
Aug 27, 2019, at 04:57 pm
Kolkata/New Delhi, Aug 27 (IBNS): Deepening its commitment to improving farmer livelihoods in India, the Walmart Foundation on Tuesday announced $4.8 million (approximately Rs. 34 crores) in grants to Digital Green and TechnoServe to enable programs that help smallholder farmers have access to agriculture technology, training on sustainable farmer methods, enhanced access to formal markets, and skill and capacity building for farmer producer organizations (FPOs).
Walmart India opens its 22nd cash and carry store in India
Sep 22, 2018, at 06:54 pm
Kolkata, Sept 22 (IBNS): Walmart India, the wholly-owned subsidiary of Walmart Inc, on Saturday announced the opening of its 22nd B2B Cash & Carry store in the country, making it the second Best Price Modern wholesale store in the city of Ludhiana and the sixth in the State of Punjab.
Walmart picks up 77 percent stake in Flipkart for $16 billion
May 09, 2018, at 10:45 pm
New Delhi, May 9 (IBNS): US-based retail giant Walmart Inc. on Wednesday announced it has signed definitive agreements to become the largest shareholder in India's largest e-commerce player Flipkart Group.
Walmart finally seals deal to purchase Flipkart
May 09, 2018, at 09:14 pm
New Delhi, May 9 (IBNS) : The US-based global retail giant Walmart Inc. is all set to purchase a 70 per cent stake in Flipkart, media reports said on Wednesday.
Walmart Foundation partners with Agribusiness Systems International to assist Indian farmers
Dec 05, 2017, at 09:33 pm
Hyderabad, Dec 5 (IBNS): The Walmart Foundation, on Tuesday, announced a grant of nearly US$2 million to Agribusiness Systems International (ASI) to help smallholder farmers in India diversify the markets for their produce.
Walmart launches second edition of Women Entrepreneurship Development Program
Sep 26, 2017, at 11:59 pm
Kolkata, Sept 26 (IBNS):Walmart India,the wholly owned subsidiary of Walmart Stores Inc., on Tuesday announced the launch of the Second Edition of the Women Entrepreneurship Development Program (WEDP).