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India's Paytm launches $12 `soundbox` that accepts card payments Indian fintech firm Paytm on Monday launched a 'soundbox' device that lets merchants accept both mobile and card payments across networks including Visa, Mastercard, American Express and homegrown RuPay. The launch of the 999 rupees ($12.08) 'Card Soundbox', which also provides instant audio payment alerts to prevent fraud, comes as rival Pine Labs announced a similar device at "nearly one-third of the cost of a regular Point of Sale terminal". Paytm, whic...
India's Paytm launches $12 `soundbox` that accepts card payments
India's Paytm launches $12 `soundbox` that accepts card payments
Source: Reuters
4/09/2023 4:59:06 PM
Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others Retail giant Walmart has paid around $3.5 billion to acquire shares in e-commerce major Flipkart from non-controlling stakeholders, including co-founder Binny Bansal and top investment firms Tiger Global and Accel, among others. In a Securities and Exchange Commission (SEC) filing in the US, the company said that during the six months ended July 31, 2023, “the company paid $3.5 billion to acquire shares from certain Flipkart non-controlling interest holders and settle the liability t...
Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others
Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others
Source: IANS
2/09/2023 4:18:20 PM
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued at nearly $7 billion, PitchBook data shows. After posting losses ...
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Source: Reuters
7/08/2023 12:25:34 PM
Walmart tops Fortune Global 500 list for 2023, Saudi Aramco most profitable company ever Fortune announced that US retailer Walmart has topped its Global 500 list for 2023, ranking the world's largest corporations by revenue for fiscal 2022. On Fortune's authoritative ranking of the (current) corporate world order, the Arkansas-based retailer claimed No. 1 for the 10th consecutive year and for the 18th time since 1995. Walmart joins a spike in the number of US companies on the Global 500 this year, reaching its highest total since 2010 at 136 companies, which is als...
Walmart tops Fortune Global 500 list for 2023, Saudi Aramco most profitable company ever
Walmart tops Fortune Global 500 list for 2023, Saudi Aramco most profitable company ever
Source: IANS
3/08/2023 10:15:52 AM
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. A Walmart spokesperson confirmed the transaction in an emailed response to Reuters but did not comment on financial details of the deal. The transaction will value the e-commerce firm at $35 billion, the WSJ report said. "We remain confident in the future of Flipkart and are ...
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal
Source: Reuters
31/07/2023 9:22:25 AM
Balu Chaturvedula appointed as India country head of Walmart Global Tech Walmart Global Tech, the technology arm of retail giant Walmart, on Tuesday said it has appointed?Balu Chaturvedula?as its new Country Head for India.? Based out of Bengaluru, Chaturvedula will be responsible for leading Walmart Global Tech’s vision in India, driving a culture of innovation and supporting the delivery of seamless experiences for Walmart’s customers, members and associates. ?“Chaturvedula’s vast technical expertise and?tenure as a Walmart leader w...
Balu Chaturvedula appointed as India country head of Walmart Global Tech
Balu Chaturvedula appointed as India country head of Walmart Global Tech
Source: IANS
4/07/2023 3:46:42 PM
Amazon raises investment in India to $26 billion by 2030 Amazon.com Inc said on Friday it will take its investments to $26 billion in India by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States. Though Jassy gave no breakdown, the announcement follows Amazon's cloud computing unit Amazon Web Services (AWS) saying last month it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030. Earlier, Amazon had announced ...
Amazon raises investment in India to $26 billion by 2030
Amazon raises investment in India to $26 billion by 2030
Source: Reuters
24/06/2023 11:59:17 AM
Narendra Modi's US visit may encourage more American firms to invest in India Indian Prime Minister Narendra Modi's visit to the United States may encourage more American companies to consider investing in the South Asian country as they look to reduce their reliance on China for manufacturing-related activities. The United States is the third largest source of foreign investment for India, with over $60 billion invested between 2000 and 2023, according to official data. Following are some recent investment announcements, mostly by U.S. companies: TESLA ...
Narendra Modi's US visit may encourage more American firms to invest in India
Narendra Modi's US visit may encourage more American firms to invest in India
Source: Reuters
22/06/2023 10:09:10 AM
India`s PhonePe raises additional $100 million from General Atlantic Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ongoing $1 billion fundraising. Including the latest round, PhonePe has raised a total of $850 million so far. PhonePe is India's most valuable payments firm with an estimated value of $12 billion and among the country's most highly-valued startups. The company plans to deploy these funds to build an...
India`s PhonePe raises additional $100 million from General Atlantic
India`s PhonePe raises additional $100 million from General Atlantic
Source: Reuters
22/05/2023 12:46:47 PM
Factbox-Amazon to Walmart, investors in India boost Narendra Modi ahead of vote Indian Prime Minister Narendra Modi this week trumpeted a flurry of investment by global companies as he tries to create more jobs ahead of a general election due in the first half of next year. Amazon.com Inc's cloud computing division on Thursday became the latest company to announce an investment in the world's most populous country. Following are some recent investment announcements, mostly by U.S. companies. AMAZON Amazon Web Services said it planned to invest $13 bil...
Factbox-Amazon to Walmart, investors in India boost Narendra Modi ahead of vote
Factbox-Amazon to Walmart, investors in India boost Narendra Modi ahead of vote
Source: Reuters
18/05/2023 12:48:09 PM
India names former senior tourism official as head of antitrust body India has named Ravneet Kaur as chairperson of the country's antitrust body, the Competition Commission of India, for a period of five years, according to a government order seen by Reuters on Tuesday. Kaur has held several positions in the government over the last two decades, including as chairperson of India Tourism Development Corp between 2017 and 2019, Kaur's LinkedIn profile showed. The appointment comes after months of delay in appointing the head of the watchdog, which ...
India names former senior tourism official as head of antitrust body
India names former senior tourism official as head of antitrust body
Source: Reuters
16/05/2023 11:28:37 AM
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO India's ecosystem of suppliers will help drive Walmart's goal of exporting goods worth $10 billion annually from the country by 2027, the company's President and CEO Doug McMillon said on Wednesday. Addressing Indian suppliers and partners here, McMillon reinforced Walmart's continued commitment to India and to building an ecosystem of suppliers and partners, including small and medium enterprises. He also reaffirmed Walmart's roadmap of strengthening partnerships wi...
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO
Source: IANS
10/05/2023 10:25:53 AM
Worldline partners with SignCatch to roll out Merchant Digitisation Programme to empower MSMEs in India Worldline, a global leader in payment services, today announced the partnership with  India based SignCatch, a pioneer in Retail Tech, providing one-stop cloud-based Retail Solutions for MSMEs[1] to roll out the Merchant Digitisation Programme (MDP) through Worldline’s Android POS terminals. Under the partnership, SignCatch and Worldline will enroll a base of 100,000 merchants in India, leveraging SignCatch’s super-app Bech (??ch) platform across multiple business categori...
Worldline partners with SignCatch to roll out Merchant Digitisation Programme to empower MSMEs in India
Worldline partners with SignCatch to roll out Merchant Digitisation Programme to empower MSMEs in India
Source: PR Agency
13/04/2023 12:28:58 PM
India`s PhonePe launches e-commerce app on government`s open network  Walmart Inc-backed digital payments firm PhonePe Pvt Ltd launched an app called Pincode on the Indian government's open network on Tuesday to strengthen its e-commerce business. The Open Network for Digital Commerce (ONDC) was launched last year to enable small merchants and local stores across India to access processes and technologies typically deployed by large e-commerce platforms like Amazon and Walmart. Pincode, which will focus on hyperlocal commerce, is currently live ...
India`s PhonePe launches e-commerce app on government`s open network
India`s PhonePe launches e-commerce app on government`s open network
Source: Reuters
4/04/2023 5:46:56 PM
India`s Tata Group mulls pumping $2 billion into super app venture Indian salt-to-software conglomerate Tata Group is considering injecting another $2 billion into its super app venture to bolster its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. The funds would help the group's online platform Tata Neu strengthen its digital offerings, fix technical glitches, and meet any new spending needs, the report said. The injection would take place over two years if the deal goes through, it added. Tata Gr...
India`s Tata Group mulls pumping $2 billion into super app venture
India`s Tata Group mulls pumping $2 billion into super app venture
Source: Reuters
23/03/2023 4:32:15 PM
India government open e-commerce network ONDC expands into mobility India's open e-commerce network ONDC on Thursday marked its foray into the mobility sector, tying up with a ride-hailing company in the tech city of Bengaluru to help local businesses take on the likes of Uber Technologies. ONDC is in talks with more companies in the sector across several cities to bring them on board over the next few months, its Senior Vice President Nitin Nair said at an event in Bengaluru. The government launched the Open Network for Digital Commerce (ONDC) ...
India government open e-commerce network ONDC expands into mobility
India government open e-commerce network ONDC expands into mobility
Source: Reuters
23/03/2023 3:45:01 PM
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion. PhonePe, already India's most valuable payments firm and among the country's most highly-valued startups, said the investment is part of its ongoing fundraise of up to $1 billion. It has raised $350 million from private equity firm General Atlantic and $100 million from Ribbit Capital, Tiger Global and TVS Capital Funds in the p...
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Source: Reuter
18/03/2023 3:45:12 PM
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion. PhonePe, already India's most valuable payments firm and among the country's most highly-valued startups, said the investment is part of its ongoing fundraise of up to $1 billion. It has raised $350 million from private equity firm General Atlantic and $100 million from Ribbit Capital, Tiger Global and TVS Capital Funds in the p...
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Source: Reuters
17/03/2023 12:39:15 PM
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday. The stake, which collectively amounts to about 5%, would raise Walmart's ownership in the e-commerce giant, the newspaper reported citing people familiar with the matter. "They (Accel and Tiger) want to sell and exit now fully. The discus...
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media
Source: Reuters
26/01/2023 9:10:43 AM
Key Stock News: Walmart, Google, Shapoorji Pallonji, Byju`s, Vodafone Idea, SREI - ARETE Securities Retail giant Walmart gets $1 billion tax bill for PhonePe shift to India Walmart Inc. and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter. The bill stems from the relocation and rise in value of PhonePe Pvt, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services Pvt. Now separated from Flipkart and re-domiciled from...
Key Stock News: Walmart, Google, Shapoorji Pallonji, Byju`s, Vodafone Idea, SREI - ARETE Securities
Key Stock News: Walmart, Google, Shapoorji Pallonji, Byju`s, Vodafone Idea, SREI - ARETE Securities
Source: ARETE Securities Ltd
5/01/2023 9:19:03 AM
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News Walmart and other shareholders of digital payments app PhonePe will have to pay tax worth around $1 billion after the fintech firm shifted its headquarters to India from Singapore last year, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Source: Reuters
4/01/2023 5:27:24 PM
NSIC partners with Walmart Global Sourcing India Aiming to extend schemes and other services to MSMEs, the National Small Industries Corporation Ltd has partnered with Walmart Global Sourcing India Private Ltd. A memorandum of understanding (MoU) was signed by Gaurang Dixit, Chairman and Managing Director, NSIC and Prameela Mallaiah, Director and Hub Leader, Walmart in the presence of Union MSME Minister Narayan Rane. Through this MoU, the NSIC will be able to extend the NSIC schemes and other services to MSMEs who would participate i...
NSIC partners with Walmart Global Sourcing India
NSIC partners with Walmart Global Sourcing India
Source: IANS
7/12/2022 5:28:03 PM
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz  Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operations in the country. With new funds, Flipkart's valuation is set to soar to more than $40 billion, giving a fillip to the Indian funding scene which is going through a harsh winter. Flipkart Group in July last year raised $3.6 billion to grow and advance the digital commerce ecosystem in India. The investment valued the group at $37.6 billion post the money...
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
Source: Reuters
26/10/2022 9:53:36 AM
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol  Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on Friday, citing people aware of the matter. U.S. private equity group General Atlantic is likely to lead the round with an investment of $450 million to $500 million, the report said. The round would make Walmart Inc-backed PhonePe the most valuable Indian financial tech firm, surpassing Razorpay and Paytm,...
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol
Source: Reuters
21/10/2022 9:47:39 AM
DoorDash to stop delivering Walmart`s groceries from next month  Online delivery platform DoorDash has decided to call off its partnership with Walmart, which had the service delivering groceries and other goods from the retail chain to customers for over four years, media reports said. A source close to the situation said that DoorDash notified Walmart about its decision earlier this month, citing that the partnership "was no longer mutually beneficial" and that it wants to "focus on its long-term customer relationships," citi...
DoorDash to stop delivering Walmart`s groceries from next month
DoorDash to stop delivering Walmart`s groceries from next month
Source: IANS
21/08/2022 12:20:51 PM
Tide maker P&G misses earnings, forecasts lower growth as consumers 'scrimp` Procter & Gamble Co delivered quarterly earnings that missed estimates on Friday and forecast lower sales growth, citing surging transportation and commodity costs, consumer cutbacks and retailer reluctance to hike prices. P&G shares fell as much as 6% in the morning as the company missed quarterly earnings estimates for the first time in at least five years, according to Refinitiv data. Chief Financial Officer Andre Schulten warned in a call with media that P&G, a bellwethe...
Tide maker P&G misses earnings, forecasts lower growth as consumers 'scrimp`
Tide maker P&G misses earnings, forecasts lower growth as consumers 'scrimp`
Source: Reuters
30/07/2022 11:27:59 AM
Walton family fortune falls by $12.9 bn after Walmart slashes earnings outlook  The Walton family fortune fell $12.9 billion on Tuesday after Walmart Inc. slashed its earnings outlook for the second time this year, Bloomberg reported. Shares of the Bentonville, Arkansas-based retailer, which is controlled by the family, tumbled as much as 9.1 per cent in New York trading after it said, adjusted earnings per share will decline as much as 13 per cent this year with US shoppers reining in spending on big-ticket items amid soaring consumer prices. Two months ago, th...
Walton family fortune falls by $12.9 bn after Walmart slashes earnings outlook
Walton family fortune falls by $12.9 bn after Walmart slashes earnings outlook
Source: IANS
28/07/2022 8:52:47 AM
Asia shares bounce on China property fund as Fed hike looms Asian shares pared losses on Tuesday as investor sentiment improved on China's reported plans to tackle a debt crisis in real estate development. MSCI's broadest gauge of Asia stocks outside Japan bounced back to a gain of 0.36% in afternoon sessions. Chinese stocks jumped after reports the country would set up a fund of up to $44 billion to help property developers. Hong Kong's Hang Seng Index was 1.48% higher and China's benchmark CSI300 Index also widened gains to a r...
Asia shares bounce on China property fund as Fed hike looms
Asia shares bounce on China property fund as Fed hike looms
Source: Reuters
26/07/2022 8:26:51 AM
Key News - Vedantu, Sun Pharma, InterGlobe Aviation, Ruchi Soya, Walmart By ARETE Securities Key News Vedantu lays off another 424 employees, blames 'scarce capital' Vedantu laid off 424 employees, or 7 per cent of the workforce on May 18, said the ed-tech firm days after announcing it had let go of another 200 people. “War in Europe, impending recession fears, and Fed rate interest hikes have led to inflationary pressures with massive correction in stocks globally and in India as well. Given this environment, capital will be scarce for upcoming quarters," s...
Key News - Vedantu, Sun Pharma, InterGlobe Aviation, Ruchi Soya, Walmart By ARETE Securities
Key News - Vedantu, Sun Pharma, InterGlobe Aviation, Ruchi Soya, Walmart By ARETE Securities
Source: ARETE Securities Ltd
19/05/2022 9:46:54 AM
Walmart to Target to FAANGM to crypto - the bears rule for now The NASDAQ composite index was at 13,619 on April 19. On Wednesday, just a month later, this cheerleader of technology stood mauled -- nearly 2,200 points down at 11,418. Over 16 per cent of investor wealth had vanished in a terrible April that seems to spill over. After notching its worst month since 2008 in April, the tech-heavy index continues to deflate this month too, with many in danger of seeing their gains from the pandemic's earlier phases, boosted by the remote-everything boo...
Walmart to Target to FAANGM to crypto - the bears rule for now
Walmart to Target to FAANGM to crypto - the bears rule for now
Source: IANS
19/05/2022 9:17:32 AM
Walmart's Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listing-sources NEW DELHI  - Walmart's Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, and now plans a U.S. listing in 2023 instead of this year, two sources with direct knowledge of the plan told Reuters. Flipkart, which competes with Amazon.com Inc in India's booming e-commerce space, had earlier set an IPO valuation goal of $50 billion, Reuters has reported. The main reason for waiting for the IPO is due to Flipkart&...
Walmart's Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listing-sources
Walmart's Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listing-sources
Source: Reuters
7/04/2022 12:53:18 PM
Key News - Hindustan Unilever Ltd , Bajaj Housing Finance Ltd , Larsen & Toubro Ltd, Bank of Maharashtra Ltd , Asian Paints Ltd , Walmart Ltd By ARETE Securities Key News HUL Q3 results: Net profit rises 17% to Rs 2,243 cr FMCG major Hindustan Unilever on Thursday reported 17% jump in net profit at Rs 2,243 crore for the quarter ending December 31, 2021 as it gained market share in both urban and rural areas as India emerged from coronavirus-related lockdowns.. It posted net profit of Rs 1,921 crore in yearago period. Growth in the quarter was competitive and profitable with domestic consumer growth of 11%. Business fundamentals remained stro...
Key News - Hindustan Unilever Ltd , Bajaj Housing Finance Ltd , Larsen & Toubro Ltd, Bank of Maharashtra Ltd , Asian Paints Ltd , Walmart Ltd By ARETE Securities
Key News - Hindustan Unilever Ltd , Bajaj Housing Finance Ltd , Larsen & Toubro Ltd, Bank of Maharashtra Ltd , Asian Paints Ltd , Walmart Ltd By ARETE Securities
Source: ARETE Securities Ltd
21/01/2022 10:40:33 AM
Key News - HCL Technologies Ltd , Tech Mahindra Ltd , Glenmark Pharmaceuticals Ltd, Walmart Ltd , Hindustan Petroleum Ltd , UltraTech Cement Ltd By ARETE Securities Key News HCL Tech to hire 40,000-45,000 freshers for FY23 to meet attrition threat HCL Technologies is doubling its fresher hiring for FY23 as attrition continues to inch up. The company said that it will hire 40,000-45,000 freshers for FY23, up from 20,000-22,000 target for FY22. The company also stated that to ease supply side constraints and to have access to diversified skills it is investing by expanding into other geographies over the next 3-4 quarters. “Some of the geogr...
Key News - HCL Technologies Ltd , Tech Mahindra Ltd , Glenmark Pharmaceuticals Ltd, Walmart Ltd , Hindustan Petroleum Ltd , UltraTech Cement Ltd By ARETE Securities
Key News - HCL Technologies Ltd , Tech Mahindra Ltd , Glenmark Pharmaceuticals Ltd, Walmart Ltd , Hindustan Petroleum Ltd , UltraTech Cement Ltd By ARETE Securities
Source: ARETE Securities Ltd
18/01/2022 9:37:10 AM
Walmart plans to enter Metaverse, sell NFTs Amid the buzz around Metaverse, retail giant Walmart has revealed plans to enter the field of highly immersive virtual reality/augmented reality (VR/AR) and Blockchain-based world. Walmart's trademark filings indicate that the company is looking to establish its own NFTs (non-fungible tokens) and cryptocurrency, reports CNBC. One of the trademark applications details possible "physical fitness training services" and "classes in the field of health and nutrition" ...
Walmart plans to enter Metaverse, sell NFTs
Walmart plans to enter Metaverse, sell NFTs
Source: IANS
17/01/2022 10:45:42 AM
Walmart-owned Flipkart infuses $145 mn in agritech startup Ninjacart As e-grocery picks up momentum in India, Walmart-owned Flipkart on Monday announced to invest $145 million in agritech startup Ninjacart, which has helped over 1,00,000 farmers across 150 villages to generate better revenues. The third round of investment will further empower millions of agri-value chain participants, including farmers, resellers, retailers, consumers, and supply chain participants, the company said in a statement. Ninjacart has been investing significantly in tech plat...
Walmart-owned Flipkart infuses $145 mn in agritech startup Ninjacart
Walmart-owned Flipkart infuses $145 mn in agritech startup Ninjacart
Source: IANS
13/12/2021 5:06:05 PM
Key News - SpiceJet, DPIIT, Walmart , Hindustan Aeronautics Ltd, JSW Infrastructure By ARETE Securities Key News SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore SpiceJet, India’s second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders’ approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as i...
Key News - SpiceJet, DPIIT, Walmart , Hindustan Aeronautics Ltd, JSW Infrastructure By ARETE Securities
Key News - SpiceJet, DPIIT, Walmart , Hindustan Aeronautics Ltd, JSW Infrastructure By ARETE Securities
Source: ARETE Securities Ltd
18/08/2021 9:05:36 AM
Walmart`s Flipkart raises $3.6 billion in funding, SoftBank back as investor BENGALURU - Walmart Inc-owned Indian online retailer Flipkart said on Monday it has raised $3.6 billion in a round of funding, after which it will be valued at $37.6 billion. The funding was led by investors GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart. It also attracted investments from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad and private equity firm Blackstone Group Inc.-backed Antara Capital among others. Japa...
Walmart`s Flipkart raises $3.6 billion in funding, SoftBank back as investor
Walmart`s Flipkart raises $3.6 billion in funding, SoftBank back as investor
Source: Reuters
12/07/2021 12:12:10 PM
Key News - Kotak Investment Advisors Ltd, Yes Bank Ltd, Walmart, Paytm, HDFC Bank, Tech Mahindra Ltd by ARETE Securities Key News Kotak Pre-IPO AIF raises Rs 1,396 cr, to invest in tech-focused businesses Kotak Pre-IPO Opportunities Fund, an alternative investment fund (AIF) managed by Kotak Investment Advisors, has raised Rs 1,396 crore in its maiden offering. The AIF will invest in technology-focused late-stage newage businesses. “The fund had initially targeted a corpus of Rs 1,000 crore, which was oversubscribed within three months of launch. The fund exercised its greenshoe option for Rs 386 cr...
Key News - Kotak Investment Advisors Ltd, Yes Bank Ltd, Walmart, Paytm, HDFC Bank, Tech Mahindra Ltd by ARETE Securities
Key News - Kotak Investment Advisors Ltd, Yes Bank Ltd, Walmart, Paytm, HDFC Bank, Tech Mahindra Ltd by ARETE Securities
Source: ARETE Securities Ltd
6/07/2021 9:03:05 AM
Walmart Vriddhi to help MSMEs access medical support to navigate Covid Walmart has announced the expansion of its Covid-19 support efforts for MSMEs with the launch of Vriddhi Cares. The new program helps MSMEs support their family members and employees with telecare services and health advice and provides ongoing access to pandemic-related business advice and resources. MSMEs have been receiving capacity-building support via Walmart Vriddhi since the start of the pandemic, helping them grow to new markets through Flipkart and Walmart channels and the open ma...
Walmart Vriddhi to help MSMEs access medical support to navigate Covid
Walmart Vriddhi to help MSMEs access medical support to navigate Covid
Source: IANS
29/06/2021 12:51:19 PM
India e-commerce rules cast cloud over Amazon, Walmart and local rivals NEW DELHI-New Indian e-commerce rules will raise costs for all online retailers but particularly Amazon and Walmart's Flipkart as they may have to review their business structures, senior industry sources told Reuters. India's Ministry of Consumer Affairs outlined plans on Monday which include limiting "flash sales" by online retailers, reining in a private label push, compelling them to appoint compliance officers and impose a "fall-back liability" if a seller ...
India e-commerce rules cast cloud over Amazon, Walmart and local rivals
India e-commerce rules cast cloud over Amazon, Walmart and local rivals
Source: Reuters
23/06/2021 8:56:46 AM
Walmart's Flipkart challenges India court order on antitrust probe - sources NEW DELHI - Walmart’s Flipkart has filed a legal challenge against an Indian court’s decision to allow an antitrust probe to restart, sources with direct knowledge told Reuters on Thursday. Flipkart urged the court in the southern state of Karnataka to quash the antitrust watchdog's order of investigation against the company, the sources said. The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and ...
Walmart's Flipkart challenges India court order on antitrust probe - sources
Walmart's Flipkart challenges India court order on antitrust probe - sources
Source: Reuters
17/06/2021 10:30:31 AM
India court dismisses pleas by Amazon, Flipkart to quash antitrust probe - lawyer NEW DELHI  - An Indian court on Friday dismissed pleas by Amazon.com Inc and Walmart's Flipkart to quash an antitrust investigation, a lawyer told Reuters, more than a year after the probe was put on hold after legal challenges by the companies. The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group which alleged they were promoting some "preferred sellers" and in turn hurting busines...
India court dismisses pleas by Amazon, Flipkart to quash antitrust probe - lawyer
India court dismisses pleas by Amazon, Flipkart to quash antitrust probe - lawyer
Source: Reuters
11/06/2021 3:30:55 PM
Walmart's Flipkart in early talks to raise $1 billion - ET BENGALURU  - Walmart Inc-owned Indian e-commerce firm Flipkart is in early talks with investors to raise at least $1 billion, the Economic Times reported https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms on Tuesday, citing people familiar with the matter. Flipkart's fund raise plans come at a time when the company is considering an initial public offering (IPO), while it battles players including Amazon.c...
Walmart's Flipkart in early talks to raise $1 billion - ET
Walmart's Flipkart in early talks to raise $1 billion - ET
Source: IANS
11/05/2021 10:30:40 AM
Focus: How the pandemic helped Walmart battle Amazon Marketplace for sellers CHICAGO- Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no more than six sellers, and was described by one expert as “in limbo.” But what was treated as an afterthought for years has emerged as an important leg in the world’s biggest retailer’s long-term strategy to take on Amazon Inc, which it is battling for advertising and ecommerce dollars. Walmart Marketplace gre...
Focus: How the pandemic helped Walmart battle Amazon Marketplace for sellers
Focus: How the pandemic helped Walmart battle Amazon Marketplace for sellers
Source: Reuters
14/04/2021 4:36:43 PM
Walmart says Lady Gaga favorite, Brandon Maxwell, to design some of its clothing CHICAGO - Walmart said on Tuesday that its Free Assembly and Scoop apparel brands will be soon designed by Brandon Maxwell, known for dressing Lady Gaga on numerous occasions, including at recent Met Galas. Maxwell, who has previously been a judge on reality show Project Runway and has also dressed Michelle Obama and Meghan Markle, will be responsible for designing and helping with sourcing, marketing and production, Walmart said. The world's biggest retailer - which launched Free A...
Walmart says Lady Gaga favorite, Brandon Maxwell, to design some of its clothing
Walmart says Lady Gaga favorite, Brandon Maxwell, to design some of its clothing
Source: Reuters
16/03/2021 9:55:26 AM
Walmart's Flipkart weighs U.S. listing via SPAC merger - Media Walmart Inc-owned Indian e-commerce company Flipkart is looking at going public in the United States through a merger with a blank-check company, Bloomberg News reported on Thursday, citing people familiar with the matter. Flipkart has reached out to several special purpose acquisition companies (SPACs) and could seek a valuation of at least $35 billion in a blank-check deal, the report https://www.bloomberg.com/news/articles/2021-03-04/india-s-flipkart-said-to-mull-u-s-listing-with-spac-a...
Walmart's Flipkart weighs U.S. listing via SPAC merger - Media
Walmart's Flipkart weighs U.S. listing via SPAC merger - Media
Source: Reuters
4/03/2021 4:26:03 PM
Walmart expands vaccinations in boost to U.S. COVID-19 program NEW YORK - Walmart Inc said it is preparing to offer COVID-19 vaccinations in seven more states, as well as in Chicago and Puerto Rico, this week and next, expanding beyond the two states where its pharmacists are offering inoculations. The move from the world's largest retailer comes as U.S. President Joe Biden races to accelerate a frustratingly slow vaccination campaign that has stranded about half of the nearly 40 million shots distributed in freezers rather than in arms. This w...
Walmart expands vaccinations in boost to U.S. COVID-19 program
Walmart expands vaccinations in boost to U.S. COVID-19 program
Source: Reuters
24/01/2021 10:04:37 AM
Walmart expands vaccinations in boost to U.S. COVID-19 program NEW YORK/LOS ANGELES  - Walmart Inc said it is preparing to offer COVID-19 vaccinations in seven more states, as well as in Chicago and Puerto Rico, this week and next, expanding beyond the two states where its pharmacists are offering inoculations. The move from the world's largest retailer comes as U.S. President Joe Biden races to accelerate a frustratingly slow vaccination campaign that has stranded about half of the nearly 40 million shots distributed in freezers rather than ...
Walmart expands vaccinations in boost to U.S. COVID-19 program
Walmart expands vaccinations in boost to U.S. COVID-19 program
Source: Reuters
23/01/2021 9:35:50 AM