Krish Iyer

Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...

US retail giant Walmart will open six more stores in Uttar Pradesh soon, taking the number of such outlets to 10, a senior company executive said. "We have four stores at present - two in Agra, and one each in Meerut and Lucknow," Walmart president and chief executive Krish Iyer said in Lucknow today.

Walmart India President and CEO Krish Iyer termed it as "the most significant and impactful" move to curb the flow of black money and fight corruption.

Walmart India is evaluating policy guidelines to come up with a "food-only" retail model, after the government has allowed 100 per cent foreign direct investment (FDI) in food retail, a top company official said on Wednesday.

The company, which had recently launched two mobile solutions, 'Best Price' Mobile App and 'Dial-a-Deal' IVR system for members of its wholesale stores in India, says offering such omni-channel shopping experience is poised to be a major growth driver for Walmart in India.

The Indian market is an opportunity that no foreign or domestic investor can ignore but it is "really difficult" to do business in the country and the government needs to change it, according to US-based Walmart.

The appointment of Lanka, who will report to Wal-Mart India Chief Executive Krish Iyer, is effective December 1, the company said in a statement on Friday.

Sales through the firm's e-commerce service will be available only to its trader members, said Krish Iyer, India president and chief executive officer.

Iyer will replace Ramnik Narsey, who was appointed interim head of Wal-Mart India in June after the departure of Raj Jain, its long-serving country head.

Mr Iyer, who will report to Walmart Asia regional president and CEO Scott Price, will replace interim CEO Ramnik Narsey, who is taking a new role as senior vice president, Walmart International.

Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...

US retail giant Walmart will open six more stores in Uttar Pradesh soon, taking the number of such outlets to 10, a senior company executive said. "We have four stores at present - two in Agra, and one each in Meerut and Lucknow," Walmart president and chief executive Krish Iyer said in Lucknow today.

Walmart India President and CEO Krish Iyer termed it as "the most significant and impactful" move to curb the flow of black money and fight corruption.

Walmart India is evaluating policy guidelines to come up with a "food-only" retail model, after the government has allowed 100 per cent foreign direct investment (FDI) in food retail, a top company official said on Wednesday.

The company, which had recently launched two mobile solutions, 'Best Price' Mobile App and 'Dial-a-Deal' IVR system for members of its wholesale stores in India, says offering such omni-channel shopping experience is poised to be a major growth driver for Walmart in India.

The Indian market is an opportunity that no foreign or domestic investor can ignore but it is "really difficult" to do business in the country and the government needs to change it, according to US-based Walmart.

The appointment of Lanka, who will report to Wal-Mart India Chief Executive Krish Iyer, is effective December 1, the company said in a statement on Friday.

Sales through the firm's e-commerce service will be available only to its trader members, said Krish Iyer, India president and chief executive officer.

Iyer will replace Ramnik Narsey, who was appointed interim head of Wal-Mart India in June after the departure of Raj Jain, its long-serving country head.

Mr Iyer, who will report to Walmart Asia regional president and CEO Scott Price, will replace interim CEO Ramnik Narsey, who is taking a new role as senior vice president, Walmart International.