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WALMART BOARD LETTER
ET Exclusive: Flipkart’s former suites write to Walmart board, seek fair treatment and full cash out of vested ESOPsIn a letter written earlier this month, Former CEO Mukesh Bansal, finance head Sanjay Baweja, ex-CBO Ankit Nagori and others said uuncertai...- Flipkart’s food delivery foray; Swiggy CEO on qcomm competitionFlipkart will launch its food delivery pilot next month, CEO Kalyan Krishnamurthy said. This and more in today’s ETtech Top 5.
- Flipkart chief rules out IPO timeline; Infosys names new CEOHappy Friday! Flipkart group CEO Kalyan Krishnamurthy talked to us about IPO plans, quick commerce, and festive demand. That and more in to...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Trump’s $100,000 H-1B fee draws rare rebuke from US businessA coalition of major business groups warned US President Donald Trump that the new $100,000 H-1B visa application fee risks significantly h...
- Flipkart to buy back $50 million in employee stock; 7,500 staff may benefitFlipkart Esop buyback: Flipkart has completed a $50 million employee stock buyback, offering liquidity to around 7,000–7,500 staff at a tim...
- ChatGPT maker OpenAI hires Nextdoor's Sarah Friar as CFOOpenAI said on Monday it has hired Sarah Friar, most recently the CEO of Nextdoor, as its first chief financial officer. The artificial int...
- Delhivery slides back to losses; Prosus names new CEOLogistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and...
- Byju on rights issue, board changes; PhonePe launches Indus AppstoreDays ahead of a decisive extraordinary general meeting, Byju Raveendran wrote a letter to shareholders informing them that the edtech firm’...
- Binny Bansal cashes out of Flipkart, Walmart stake hits nearly 80%; Dealshare CEO steps downSachin Bansal cashed out of Flipkart when the Americans moved in five years ago. But his cofounder Binny Bansal had held on to his stake. N...
- Faster, transparent recruitment under BJP: PM Narendra Modi"The possibility of corruption and nepotism in recruitment for government jobs has now ended," Modi claimed. Interviews for Group C and Gro...
- India will pip China as largest international market for Walmart this year; Disney+ Hotstar to suffer without HBO contentWalmart has been operating in China since 1996 but for the first time India is poised to emerge as the largest international market for the...
- Amazon, Flipkart get notices for sale of acid on their platformsThe notice comes after an acid attack on a teen in Delhi. “DCW has learnt that the accused bought acid through ‘Flipkart’ & that acid is ea...
- Flipkart demotes Walmart India executives in merged entity“Flipkart said all Walmart's vice presidents will be made directors, and all employees have been told that the role redesignation letter wi...
- Flipkart-Aditya Birla Fashion proposed deal violates government's FDI policy: CAITCAIT wrote to Commerce Minister Piyush Goyal in this regard urging him to prohibit Aditya Birla Fashion and Retail Ltd from directly or ind...
- Fired Walmart India executives write to headquartersThe downsizing came as part of a larger strategy to shut the Mumbai fulfilment centre.
- Flipkart makes space at top, picks 5 Vice PresidentsE-tailer promotes senior executives ahead of company’s flagship Big Billion Days sale.
- Flipkart deal good for India, says Walmart CEOWalmart CEO said, "it is pretty clear that this (deal) is good for customers and would create jobs and help society," he said at a select m...
- Government to reject variations of existing names for new companiesCos that are being set up need to have names that are new in letter and spirit, not just phonetic or spelling variations of existing names.
- Bharti Walmart severs ties with licence facilitators, Retailers Association of India says stores require up to 51 permissionsBharti Walmart, Bharti Retail have severed ties with 24 consultants who had helped them secure licences for operating cash and carry, retai...
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