It’s going to be remarkable to watch what happens in India the next 20 years, says Walmart CEO Doug McMillonWalmart CEO Doug McMillon has praised India's potential for growth and called for “inclusive growth" in the country. The executive said tha...
10 May, 2023, 08.29 PM IST
Walmart doubles down on Africa despite a decade of frustrationThe strategy - according to nine analysts, investors and sources with direct knowledge of Walmart's plans - is firstly to build Massmart in...
22 Oct, 2022, 02.34 PM IST
Flipkart has shown clear proof of value, will hit profitability: Walmart’s Judith McKennaSpeaking at Baird 2022 Global Consumer, Technology & Services Conference in New York on Tuesday, McKenna said there has been “clear proof o...
16 Jun, 2022, 08.58 PM IST
PhonePe CEO Sameer Nigam on IPO plan: “I had no idea”According to the report, PhonePe plans to go public once its core businesses turn profitable, which it hopes to achieve by 2023. The report...
15 Jun, 2022, 09.10 PM IST
Flipkart on track for profits, says Walmart’s Judith McKenna; will app notifications replace SMS transaction alerts?Walmart, which bought a majority stake in Flipkart four years ago, believes the ecommerce platform has shown “clear proof of value” and is ...
09 Jun, 2022, 07.48 AM IST
Walmart CEO commits $10 billion exports by 2027 from India"We think this will open a global opportunity for SMEs to spread the communities and accelerate India's progress as a manufacturing destina...
14 Dec, 2021, 07.54 AM IST
Innovations from Indian market helping us improve retail globally: Walmart International CEOSpeaking at the Converge@Walmart event, McKenna said learnings from the Indian operations have helped Walmart make improvements in its exis...
26 Aug, 2021, 08.29 PM IST
Prioritising Flipkart's Big Billion Day sales: Walmart International CEO McKennaWalmart is also on track to record $75 billion in global ecommerce sales by the end of this year, the US-based retailer said.
17 Aug, 2021, 08.58 PM IST
Walmart says open to Flipkart IPO but no specific timeline yet“We will do it (Flipkart IPO) when it's time for the business, it's not an output, it’s not a target for us to do that,” Walmart Internatio...
11 Jun, 2021, 09.53 AM IST
Flipkart to focus on subscription programme, grocery in 2021: Kalyan KrishnamurthyWalmart’s India businesses of Flipkart and PhonePe performed exceptionally well last year, despite challenges posed by the pandemic, Walmar...
18 Feb, 2021, 11.27 PM IST
Walmart Vriddhi to train MSMEs digitallyThe first all-digital institute will initially be open to MSMEs in Panipat, Sonipat, and Kundli, an area that is a hub of textile, steel an...
29 Oct, 2020, 04.08 PM IST
Piyush Goyal, Walmart CEO discuss local sourcing, Make in IndiaThe FDI rules for e-commerce do not allow foreign investment in the inventory-based model or multi-brand retailing.
10 Jul, 2019, 11.50 PM IST
Myntra to stay independent: Walmart’s Judith McKenna to staffThe Myntra-Jabong combine has witnessed restructuring of its top deck since November 2018, leading to the departure of its CEO Ananth Naray...
01 May, 2019, 08.20 AM IST
Walmart to help Flipkart leverage its global scaleThe company reiterated that the change in earning guidance, which was notified when the Flipkart transaction was announced, is driven only ...
17 Oct, 2018, 07.22 AM IST
Flipkart employees meet new bosses in townhall meetingBansal and McKenna jointly introduced the newly-appointed Flipkart Group’s chief financial officer Emily McNeal, who has been Walmart’s M&A...
25 Sep, 2018, 08.43 AM IST
Walmart founder's grandson to join Flipkart board?Walmart International president Judith Mckenna and Dirk Van den Berghe, executive VP and regional CEO, Walmart Canada and Asia, are also ex...
10 May, 2018, 01.02 PM IST
Walton’s Grandson Steuart Walton on Flipkart Board?Walmart India CEO Krish Iyer is likely to be the part of integration team from Walmart that will work on the transition of management.
10 May, 2018, 10.18 AM IST