Wall Street dips on lack of fresh update on trade talks
The three main stock indexes opened higher, extending gains from the previous session, but lost steam in the first hour of trading.
Amazon and Walmart face the ire of 70 million Indian shopkeepers
Shopkeepers are mobilising against the e-comm giants, alleging they are enga...
Walmart launches credit card for members of wholesale B2B Cash & Carry stores
The card was launched here at Best Price Store by Krish Iyer, P...
Accel raises $550 million sixth India fund
One of the most prominent VC firms in Silicon Valley, Accel said it will continue to scout for early-stage deals across consumer internet, enterprise, financial services, healthcare, and Software as a Services (SaaS) startups. The Bengaluru-based Accel India’s $450 million fund saw 70% of its investments in the range of $2 million or less.
Wall Street falls on soft PMI data, US tariffs on metal imports
The US economy's manufacturing sector contracted for a fourth straight month in November.
U.S. Black Friday shoppers stay away from stores, make $7 billion-plus splurge online
For the first time in several years, however, store traffic on Thanksgiving evening grew - indicating a shift in when consumers are leaving their homes to shop. It is also a sign of how Thursday evening store openings have continued to hurt what has traditionally been a day that kicked off the U.S. holiday season.
India boomed! How & why we lost the plot on the high growth path?
The last few years has not been very good for the Indian IT industry. Growth has tapered.
Three killed at shooting at Walmart in Oklahoma: Media
Three victims were killed, local media reported citing the Oklahoma Highway Patrol. A spokeswoman for the police in Duncan, Oklahoma, confirmed the shooting but said she had no information on the victims' condition. Oklahoma Highway Patrol officials could not immediately be reached for comment.
Walmart takes a $290 million impairment on Jabong
Flipkart has been struggling to figure out a definitive long-term strategy for the fashion portal.
Jeff Bezos to visit India in January, may meet PM Narendra Modi
Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.
Walmart India revenue rises 11%
“We continue to build capabilities for the future through investments in revamping our technology infrastructure to enhance our omnichannel capabilities and in people development,” the company said.
Algorithm versus small businesses: an unequal battle
Studies suggest that customer’s behaviour has now been shifted to need-based decision rather than brand-driven decision. 70 percent of the word searches done on Amazon are for general goods.
Google, Walmart help drive India payments past 1 billion transactions
Indian digital payments took off when the govt pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in to curb corruption and push Indians away from cash. UPI has now surpassed a 100 million users 3.5 years after its launch, thanks to booming smartphone use and wireless data rates among the lowest in the world.
Jumbotail, NinjaCart raise more as B2B Ecomm finds love
NinjaCart, which connects farmers directly with businesses by cutting out middlemen, issued 300 debentures to Trifecta Capital for a total consideration of Rs 30 crore on October 24, regulatory filings showed.
Metro Cash & Carry seeks level playing field
The German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, wading into a debate in India that ecommerce companies like Amazon and Flipkart are hurting small businesses here.
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