Walmart joins brands abandoning Elon Musk's social media platform X

Walmart joins brands abandoning Elon Musk's social media platform X

02 Dec 2023

In an announcement made on Friday, 1 December 2023, Walmart confirmed that it is no longer advertising on the social media platform X

Walmart reduces import dependence on China and shifts focus to India

Walmart reduces import dependence on China and shifts focus to India

30 Nov 2023

Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.

International brands' waste fuels brick kilns in Cambodia, prompting health concerns

International brands' waste fuels brick kilns in Cambodia, prompting health concerns

20 Nov 2023

The Cambodian League for the Promotion and Defense of Human Rights (LICADHO) reveals that waste from at least 19 international brands, including major names like Adidas and Walmart, is being utilized as fuel in brick factories in Cambodia.

Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027

Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027

08 Nov 2023

Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.

Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million

24 Jun 2019

Binny Bansal, who had earlier also sold a small portion of his residual stake in Flipkart, owned 3.52 per cent stake in Flipkart before the latest sale of 5,39,912 shares to Walmart

New FDI rules could force Walmart to exit Flipkart: Morgan Stanley

05 Feb 2019

Effective 1 February, e-commerce platforms cannot sell their own products or brands that are directly or indirectly owned by them or make more than 25 per cent of their sales from private labels

Flipkart parent gets a Rs2,190-cr equity boost from Walmart

12 Dec 2018

The fresh infusion of funds by Walmart comes amidst reports that Flipkart may invest in or partner with offline retailers in groceries and furniture to take on arch rival Amazon in India

Flipkart is now 81.3% Walmart

21 Nov 2018

The move, amidst a controversial exit of co-founder Binny Bansal and an expected rise in annual earnings of Flipkart, leaves the remaining shareholders with a mere 18.639 per cent stake

Binny Bansal resigns as chairman and CEO of Flipkart group

14 Nov 2018

With both co-founders - Sachin Bansal and Binny Bansal - out of power, Flipkart, India’s largest and most popular e-commerce firm, will now be a Walmart show

Walmart sees a $740 mn hit on quarterly profit on Flipkart acquisition

17 Oct 2018

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