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Walmart names Paypal's John Rainey as finance chiefJohn Rainey will take over as CFO effective June 6, replacing Brett Biggs, Walmart's finance chief since 2015, who announced his exit late ...- Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listingThe main reason for waiting for the IPO is due to Flipkart's internal plan to boost valuations further by focussing on two of its relativel...
- Flipkart CEO outlines IPO plans for next year, egrocery key to milestoneKrishnamurthy said new ecommerce entrants are merely noise, Amazon remains main competitor
- Flipkart's IPO plans; windfall for India's super-richFlipkart CEO Kalyan Krishnamurthy said at a recent offsite that the company was looking at an IPO around this time next year.
- Flipkart's sweet Diwali; chatbot firms cheer 'WhatsApp commerce'The Flipkart Group, including fashion portal Myntra, bagged a market share of around 60% during this year's Diwali sales, according to data...
- Walmart CFO says open to Flipkart IPO, but sets no specific timelineFlipkart has been weighing an IPO in the US.
- Ad giants' grip loosens; Indian VCs bet big on Web3Alphabet and Meta's local units accounted for more than 85% of the equalisation levy collected by India in the financial year 2020.
- Global capex booms as companies prepare for post-pandemic eraGlobally, corporate capital expenditure, or capex, will jump by 13% this year, according to S&P Global Ratings, with growth in all regions ...
- Walmart's investment year will hold back profit growth; shares slideThe world's biggest retailer, which employs 1.5 million people in the United States, also said it is raising wages to more than $15 per hou...
- Monthly active users for Flipkart, PhonePe at 'all-time high': WalmartIn a statement, Walmart said its 'international' segment's net sales were at USD 29.6 billion, an increase of 1.3 per cent, and that change...
- Walmart takes a $290 million impairment on JabongFlipkart has been struggling to figure out a definitive long-term strategy for the fashion portal.
- Walmart CEO writes to PM, seeks stable business environmentChanges in foreign direct investment rules for e-commerce marketplaces late last year had upset Walmart-owned Flipkart and rival Amazon, an...
- First-quarter results: Flipkart shakes Walmart's global earnings cartUS giant's gross profit rate, operating income drop due to Flipkart's inclusion in this year's financial performance.
- Walmart disappointed with FDI norm change soon after Flipkart dealEcommerce firms were asked to provide services such as warehousing, logistics and advertising to all sellers in a fair manner.
- Walmart expected regulatory changes, but disappointed it happened quickly: Brett Biggs, CFOWalmart entered India in 2008 by setting up a joint venture with Bharti Enterprises, an Indian conglomerate, to open wholesale stores.
- Walmart shares plunge 4% after Flipkart deal; m-cap down by $10 billionThe world’s largest retailer will acquire a 77% holding in Flipkart Group for $16 billion.
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