Abu Dhabi's Mubadala in advanced talks to invest up to $1 billion in Reliance Retail
While one source said Mubadala "is ready with" $1 billion for Reliance Retail and doing due diligence, a second source said the talks were at an advanced stage and said the investment could be anywhere between $500 million and $1 billion.
Flipkart Wholesale announces 1st 'Big Festival Month' fashion sale
The sale will feature products in fashion categories across more than 50 b...
Walmart abandons shelf-scanning robots, lets humans do work
The retailer said Monday it has ended its relationship with startup Bossa Nova Ro...
Flipkart, Amazon strengthen furniture offerings ahead of festive season
With consumers now investing more in creating their own comfortable space at home, there is a notable increase in the demand for ergonomic furniture across furniture segments, said a Flipkart official.
Flipkart partners Max Fashion to expand fashion category ahead of festive season
The partnership will provide Max Fashion with wider market access as its products across categories, including apparel and accessories, footwear, will be available in newer geographies and pin codes.
Flipkart gross merchandise value (GMV) exceeds pre-Covid-19 level: Walmart
According to the company, its net sales and operating results were "significantly affected" by a continuation of the global health crisis. However, increased demand for products across multiple categories led to strong top-line and gross margin results, it added.
Battle of the billionaires: Bezos, Ambani gun for India retail supremacy
The outcome of a legal dispute which has embroiled the billionaires' Amazon.com and Reliance Industries Ltd empires - where a court ruling is imminent - may shape India's retail landscape for years to come.
First-time buyers from small towns may help etailers bag big gains this festive season
The season will be dominated by a fight for market share among three big online platforms — Amazon, Walmart-owned Flipkart and new entrant Reliance JioMart. Also expected to gain from the boom in online buying are e-grocers BigBasket and Grofers, furniture etailers such as Pepperfry, beauty and grooming platform Nykaa, and baby care platform FirstCry.
Walmart pulls guns from shop floors citing unrest
Walmart plans to remove guns and ammunition from its sales floors in the US following unrest in Philadelphia this week, a spokeswoman said on Thursday.
Flipkart partners AWPO to onboard Army veterans in workforce
Selected personnel will be offered customised induction, sensitisation programmes and curated learning programmes to enable a seamless transition and help them learn the nuances of the various corporate job roles, it added. Flipkart's hiring of ex-servicemen will help provide opportunities to new career paths and offer more options post serving in the armed forces, it said.
E-commerce firm Flipkart buys Walmart's India wholesale business
Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal. Financial terms for the deal were not disclosed.
Flipkart, Walmart deliver $30 million more to Ninjacart
Flipkart, which has been a laggard in the grocery segment compared to its main rival Amazon, is using Ninjacart's supply of fresh produce to power its online grocery service Supermart and hyperlocal delivery service Flipkart Quick.
E-commerce giants look to join hands with local retailers ahead of festive season
For the retailers, such partnerships with e-commerce is helping to liquidate inventory considering shopping has majorly moved to e-commerce post Covid, they said.
Walmart sues US in pre-emptive strike in opioid abuse battle
Walmart says in the suit that the Justice Department identified hundreds of doctors who have written problematic prescriptions that Walmart's pharmacists allegedly should not have filled. But nearly 70% continue to have active registrations with the DEA, the lawsuit says.
Google, Walmart hit by India's move to limit some digital payments players
Google's criticism came after India's flagship payments processor the National Payments Corp of India (NPCI) on Thursday said third-party payments apps, from Jan. 1, will not be allowed to process more than 30% of the total volume of transactions on state-backed United Payments Interface (UPI) framework, which facilitates seamless peer-to-peer money transfers.