April 16, 2024 03:35 (IST)
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Walmart, Hero Cycles pedal towards resilient supply chains with “Make in India” triumph

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

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

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

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%

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

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

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

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

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

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

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

New Delhi: Snapdeal, an e-commerce company, on Tuesday announced the appointment of Saurabh Bansal as its Chief Merchandising Officer. 

Walmart, Flipkart and Walmart Foundation provide Rs 460 million of support to India’s Covid-19 fight

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

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.

Walmart India, HDFC Bank announce co-branded credit card exclusively for over 1 million ‘Best Price’ members

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.