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Besides the lucrative discounts offered under the Big Billion Days Sale, Flipkart will also offer discounts if purchases are made using debit and credit cards of partner banks

Flipkart Big Billion Days 2021: Check out sale date, offers, discounts

Sep 21, 2021

The Walmart-backed online shopping firm offers lucrative discounts on products in categories like TVs and Appliances, Electronics and Accessories, Mobiles, Fashion, Beauty, Furniture, etc

In a July 22 memo, the corporate affairs ministry objected to one proposed clause to be enshrined in new rules that says e-commerce firms should not abuse their dominant position in India

Centre's plan for stringent e-commerce rules stuck due to internal dissent

Sep 21, 2021

The memos offer a rare glimpse of high-stakes policy-making governing a market already featuring global retail heavyweights from Amazon to Walmart, plus domestic players like Reliance Industries and Tata Group

So-called embedded finance means Amazon can let customers "buy now pay later" when they check out

Amazon and Walmart are cutting out banks as they crack the code for finance

Sep 17, 2021

Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers everything from banking and credit to insurance

For established financial institutions the warning signs are flashing.

Challenge for banks as outsiders Amazon, IKEA crack the finance code

Sep 17, 2021

From Mercedes and Amazon to IKEA and Walmart the global brands are using software from tech startups to offer several banking services to customers.

"Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. Walmart has no relationship with litecoin," a company spokesperson

Looking into fake press statement on litecoin partnership: Walmart

Sep 14, 2021

The fake press release touting the acceptance of litecoin as online payment by the world's largest retailer led to a sudden spike in its prices, but the gains faded quickly after Walmart issued a statement saying the press release was fraudulent

Walmart Inc President and CEO Doug McMillon

India among most exciting markets, to grow to $1 trn by 2025, says Walmart CEO

Aug 25, 2021

Walmart Inc President and CEO Doug McMillon noted that given the diversity of the Indian market, the company has to "think local and execute locally"

Following the fresh investment tranche, PhonePe has pocketed over $1.6 billion in total funding

PhonePe concludes $700 mn fundraise round; Tencent, Tiger Global new stakeholders

Aug 18, 2021

Walmart led fresh tranche with $281.5 million, whereas Tencent pumped in $50 million, and Tiger Global put in $16.5 million, PhonePe's regulatory filings in Singapore reveal

The Bentonville-based company saw its total revenue rising 2.4 per cent to $141.0 billion in the second quarter ended July 31, 2021

India, Mexico markets push Walmart international business growth by 13% in Q2

Aug 18, 2021

The revenue of Walmart International - which includes operations in markets like India, China, Japan, Africa, Canada, UK, Mexico, Canada and Chile - stood at $23 billion in the second quarter

The Indian agency does not make public such notices issued to parties during an investigation (Source: Reuters)

ED warns Flipkart, founders of $1.35 bn fine over violation of foreign investment laws

Aug 05, 2021

The Enforcement Directorate agency has been investigating e-commerce giants Flipkart and Amazon.com Inc for years for allegedly bypassing foreign investment laws that strictly regulate multi-brand retail

Walmart Inc had said in May fully vaccinated employees could work without masks

Walmart mandates masks for US workers, vaccinations for corporate staff

Jul 31, 2021

All market, regional and divisional employees who work in multiple facilities and all campus office workers have to be vaccinated by October 4, the retailer said in a memo

India's government has called the U.S. firms arrogant and accused them of using legal routes to stall the investigation

Flipkart says CCI probe shouldn't treat it the same as Amazon

Jul 18, 2021

Both Amazon and Flipkart have challenged the Competition Commission of India (CCI) in court as they seek revocation of an Indian court's June decision to allow an antitrust probe against them to continue