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Latest Articles in walmart
Walmart Foresees Flipkart And PhonePe As $100 Bn Businesses In India
Walmart's international chief has previously highlighted the immense opportunity presented by India's population of 1.4 billion people
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Walmart's Stake In Digital Payments Platform PhonePe Drops To 85%
Walmart also contributed USD 200 million to the fintech's current investment in March. The funds are being raised at a USD 12 billion pre-money valuation
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Walmart In India For Long Term, Says CEO McMillon
McMillon is visiting India along with other top Walmart executives, including Judith McKenna, President and CEO of Walmart International
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Retail Is Not A ‘ME’ Business; It’s A ‘WE’ Business
Arvind Mediratta, MD and CEO, METRO Cash & Carry India recently spoke to BW Businessworld about the turnaround journey of the company and more.
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Walmart To Lay Off Hundreds Of Workers To Better Plan For Future
According to Reuters, approximately 200 workers will be impacted at Walmart's southern New Jersey facility
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Walmart Paid Majority Of $1Bn Tax On Shifting PhonePe HQ To India: Report
Last month, Walmart announced that it had completed the separation of PhonePe from Flipkart, adding that it would retain a majority stake in both companies
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Walmart Faces $1 Bn Tax Bill For PhonePe Shift To India
Walmart Inc. and other PhonPe shareholders will have to pay nearly USD 1 billion in taxes after the digital payments company relocated its headquarters to India
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Flipkart, Phonepe Part Ways As Fintech Firm Gets Ready To Raise Funds
The two companies informed this move in a joint press statement. As a result of this separation, existing Flipkart Singapore and PhonePe Singapore shareholders, directed by Walmart, have bought shares directly in PhonePe India. Walmart would continue to stay the majority shareholder in both companies
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Lawsuit Against Walmart, CVS Over Placement Of Homeopathic Products
The Court of Appeals found that the use of "misleading product placements" and signage are unfair trade practices under the consumer protection law
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Amazon India's Report Card Mixed, Profitability Elusive: Report
Bernstein’s report says Amazon India’s growth has come at a high cost of over USD 6.5 billion invested to-date while profitability remains elusive
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Walmart Explores Matchmaker Marketplace For Social Media Influencers
Walmart filed trademarks for "Walmart Creator" and "Walmart Creator Collective"
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30 Per Cent Surge In Walmart’s Ad Revenue
Walmart’s advertising revenue saw a surge of 30 per cent year-on-year in the June quarter. The revenue for Walmart International rose by 5.7 per cent in the June Quarter to $24.4 billion.
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Dow, S&P 500 End Higher With Walmart And Other Retailers
After struggling for most of the first half of the year, stocks have bounced since mid-June, helped in part by better-than-expected earnings from Corporate America
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Walmart's PhonePe To Move Headquarters From Singapore To India: Report
Flipkart had partially spun-off PhonePe in December 2020 to enable the payments firm to access dedicated capital to fund its long-term ambitions over the next three to four years
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Democratising E-Commerce
India’s $1 trillion retail market is set to grow exponentially, propelled by two drivers. One, an aspirational middle-class; and two, growing purchasing power.
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