Walmart

Amazon has halted plans to expand its Fresh supermarkets and cashier-less convenience stores as the company is still grasping for success with supermarkets, CEO Andy Jassy said a in a rare appearance on the company's quarterly results call. Jassy said the firm needs a distinctive store format that's doing well financially before embarking on a majo...

Tiger Global and Accel are reportedly in talks to sell their remaining stake in Flipkart to Walmart for about $1.5 billion (roughly Rs. 12,235 crore). Meanwhile, the stake collectively amounts to about 5 percent and would raise Walmart's ownership in Flipkart, according to a report.

PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm. A second tranche of investments from marquee global and Indian investors is expected to close next month, a PhonePe spokesperson said, declining to give further details.

Walmart backed Indian digital payments app PhonePe has raised $350 million in a funding round led by private equity firm General Atlantic that valued the company at $12 billion.

After raising $100,000 on social media, Navy veteran Warren "Butch" Marion intends to pay off his house and visit family.

US retail giant Walmart has paid the taxes arising from the shifting of the headquarters of PhonePe to India.

Walmart said on Wednesday that it had paid the Indian government most of the $1 billion (roughly Rs. 8,300 crore) tax after it shifted the headquarters for PhonePe from Singapore to India. The US retail giant said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both firms.

Walmart Inc. and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter.

With the brand endorsed by popular Bollywood celebrities, Varun and Ghazal Alagh have cashed in on India's growing e-commerce adoption by offering its products on platforms such as Amazon and Walmart's Flipkart.

"We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction," an email from Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer) read.

Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. Walmart will remain the majority shareholder of both business groups.

"We are confident PhonePe will continue to scale and achieve its vision of providing financial inclusion to millions of Indians," Flipkart Group CEO Kalyan Krishnamurthy said.

Amazon and Walmart's Flipkart have been issued with notices by the DCW asking why dangerous acids are available on their sites after a schoolgirl became the victim of an acid attack in Delhi. The Delhi Police had also issued a notice to Flipkart after it found that the acid was procured from the e-commerce firm.

The National Payments Corporation of India (NPCI) on Friday extended the deadline for third party UPI players to meet its 30 percent volume cap in digital payment transactions by two years to end-December 2024. The decision may provide a relief to third party app providers (TPAP) like Google Pay and Walmart's PhonePe which have a majority share in ...

The move comes as a breather to companies like Walmart Inc's PhonePe and Alphabet Inc's Google, which are among the leading digital money transfer apps in the country.

Amazon has halted plans to expand its Fresh supermarkets and cashier-less convenience stores as the company is still grasping for success with supermarkets, CEO Andy Jassy said a in a rare appearance on the company's quarterly results call. Jassy said the firm needs a distinctive store format that's doing well financially before embarking on a majo...

Tiger Global and Accel are reportedly in talks to sell their remaining stake in Flipkart to Walmart for about $1.5 billion (roughly Rs. 12,235 crore). Meanwhile, the stake collectively amounts to about 5 percent and would raise Walmart's ownership in Flipkart, according to a report.

PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm. A second tranche of investments from marquee global and Indian investors is expected to close next month, a PhonePe spokesperson said, declining to give further details.

Walmart backed Indian digital payments app PhonePe has raised $350 million in a funding round led by private equity firm General Atlantic that valued the company at $12 billion.

After raising $100,000 on social media, Navy veteran Warren "Butch" Marion intends to pay off his house and visit family.

US retail giant Walmart has paid the taxes arising from the shifting of the headquarters of PhonePe to India.

Walmart said on Wednesday that it had paid the Indian government most of the $1 billion (roughly Rs. 8,300 crore) tax after it shifted the headquarters for PhonePe from Singapore to India. The US retail giant said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both firms.

Walmart Inc. and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter.

With the brand endorsed by popular Bollywood celebrities, Varun and Ghazal Alagh have cashed in on India's growing e-commerce adoption by offering its products on platforms such as Amazon and Walmart's Flipkart.

"We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction," an email from Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer) read.

Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. Walmart will remain the majority shareholder of both business groups.

"We are confident PhonePe will continue to scale and achieve its vision of providing financial inclusion to millions of Indians," Flipkart Group CEO Kalyan Krishnamurthy said.

Amazon and Walmart's Flipkart have been issued with notices by the DCW asking why dangerous acids are available on their sites after a schoolgirl became the victim of an acid attack in Delhi. The Delhi Police had also issued a notice to Flipkart after it found that the acid was procured from the e-commerce firm.

The National Payments Corporation of India (NPCI) on Friday extended the deadline for third party UPI players to meet its 30 percent volume cap in digital payment transactions by two years to end-December 2024. The decision may provide a relief to third party app providers (TPAP) like Google Pay and Walmart's PhonePe which have a majority share in ...

The move comes as a breather to companies like Walmart Inc's PhonePe and Alphabet Inc's Google, which are among the leading digital money transfer apps in the country.