Sunday, 27 November, 2022

Topic: Walmart

Multiple people, including gunman, dead as shooting breaks out at Walmart in US’ Virginia

The number of dead and wounded in the incident is still unclear, but no more than 10 people have died, a local media outlet reported.

Walmart to raise $2-$3 billion for Flipkart to expand its product range in India, says report

The world's biggest retailer, Walmart, is keen to bring in strategic investors for the Indian e-commerce company but is also open to selling to large pure-play investment firms.

PhonePe in talks to raise funds at $12 billion valuation led by General Atlantic

General Atlantic is likely to lead the round with an investment of $450- $500 million, making PhonePe the most valuable Indian financial tech firm, surpassing Razorpay and Paytm.

Indian-American man arrested for killing daughter-in-law over decision to divorce son in US

The suspect was arrested in California for fatally shooting his daughter-in-law at a Walmart parking lot. He reportedly travelled over 240 km to find her.

Ace entrepreneur Haroon Naseer’s guide to tackling restrictions with automation in dropshipping

Founder of Dropshipping Automation LLC, Naseer has a vision to bring about a revolution by providing e-commerce's best quality automation services.

Amazon, Walmart brace for fierce Diwali showdown after two brutal Covid outbreaks

Whoever comes out on top this Diwali gains more than bragging rights. Investors will be watching how Amazon and Flipkart fare against domestic competition such as Reliance.

The maths isn’t clear on how much US companies will own in TikTok’s Oracle & Walmart deal

Oracle & Walmart say American investors will control more than 50% of the new TikTok Global. But this is at odds with ByteDance’s insistence that the company will get a 80% stake.

Walmart partners Microsoft to make joint bid to buy TikTok

Microsoft and Walmart are already collaborating on cloud applications, brought together by mutual rivalry with Amazon.

Flipkart acquires Walmart India, to launch Flipkart Wholesale in August

The Indian e-commerce giant's acquisition of Walmart, the world's biggest retailer, is in line with its aims to tap into the $650 billion B2B retail market in the country.

Walmart fires more than 50 staff in India but denies exit plans

The job cuts come as competition grows fiercer in the local retail market with Amazon stepping up investment and Mukesh Ambani preparing to roll out his e-commerce venture.

On Camera


A general view of the opening ceremony of the G20 finance ministers and central bank governors meeting in Jakarta, Indonesia, February 17, 2022. Mast Irham/Pool via REUTERS

G20 presidency is India’s chance to fix power imbalances in artificial intelligence adoption

Without considering AI challenges across the world, equitably reaping its benefits will remain inadequate, leading to a more unequal and divisive future.
Representational image | Wiki Commons

How India-Australia FTA is set to boost trade that’s already at a record high

While the bulk of the trade between India and Australia is so far in the energy sector, the FTA is expected to broaden this to include other goods and services.


Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.