The government discussions coincide with a growing number of complaints from India's bricks-and-mortar retailers, which have for years accused Amazon and Walmart Inc-controlled Flipkart of creating complex structures to bypass federal rules

The investments have been made even though most of the Amazon's business units in India registered losses during the fiscal

With lockdowns heavily restricting physical store sales and consumers flocking to online mode of shopping, 2020 saw a dramatic shift in consumption behaviour and adoption of the digital medium

Flipkart group CEO Kalyan Krishnamurthy will be inducted as director to the company's board, along with HDFC CEO Keki Mistry, Walmart's global CTO Suresh Kumar, and Walmart's Executive Vice-President Leigh Hopkins

Mukesh Ambani built three sector-dominating businesses under RIL and cleaned off the conglomerate's debts by raising Rs 2.89 lakh crore

Flipkart Internet said its revenue is mainly generated from e-commerce, information technology enabled services, marketplace and related support services

PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt Ltd) was allotted 198,755 shares and the total amount paid was Rs 150,00,03,985, according to documents sourced by business intelligence platform Tofler

The central government has been focusing on 'Make In India' initiative for the last five years but the COVID-19 pandemic outbreak witnessed the government leveraging this crisis as an opportunity for the country to becoming self-reliant

Technology allows for personalisation and a personalised experience is a more human experience, says Leena Nair, CHRO at Unilever.

The company was also testing the idea of a \"flexible workweek\" once it is safe to return to the office, Chief Executive Officer Sundar Pichai told the company's staff in an email on Sunday, according to the report

Flipkart's plans to cut Walmart store sizes by half could also lead to the etailer shutting them at a few locations, completely transforming the facilities into fulfilment centres

McMillion said that by significantly accelerating the company's annual India exports in the coming years, they are supporting the Make in India initiative

Walmart to triple annual exports from India to $10 billion by 2027 Endorsing India's rise as a global hub of manufacturing, US-based retail major Walmart on Thursday said it will triple its exports of Indian goods every year to $10 billion by 2027. The new export commitment is expected to provide a significant boost to micro, small and medium-sized enterprises (MSMEs) in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs, Walmart ...

Walmart aims to empower 50,000 MSMEs to Make in India for domestic and global supply chains over five years

Mukesh Ambani's Reliance Retail, Jeff Bezos's Amazon Inc. and the Walton family's Walmart-Flipkart combo are pitching themselves for the long haul in Indian retail

How Mukesh Ambani, Amazon's Jeff Bezos and Walmart's Doug McMillon are fighting to get a bigger slice of India's $850 billion retail market

In less than four years, PhonePe has emerged as the leader in UPI transactions, neck-and-neck with Google Pay, leaving behind Paytm and others. But where is the revenue model?

Cisco has agreed to buy London-based cloud communications software company IMImobile for 595 pence per share in cash in a deal valued at about $730 million

If successful, it will be the largest initial offering by a company based in India on overseas exchanges. The $10 billion IPO will more than double Flipkart's valuation to $40 billion since Walmart's acquisition of the e-tailer

The move will help PhonePe access long-term capital to fund its growing operations. Flipkart will remain the platform's majority shareholder