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Walmart CEO Meets PM Modi In Delhi. What They Discussed
Prime Minister Narendra Modi on Sunday said his recent meeting with Walmart CEO Doug McMillon was a fruitful one during which they had insightful discussions on different subjects.
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ONDC Expands Its Operations to 236 Cities, Adds More Than 36,000 Merchants: CEO
The Indian government's open e-commerce network ONDC has expanded its operations into 236 cities in the country while adding more than 36,000 merchants, a senior company official said on Thursday. The government launched the Open Network for Digital Commerce (ONDC) last year to give small businesses and retailers access to processes and technologie...
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Walmart CEO Expects Exporting Goods Worth $10 Billion From India by 2027
Retail giant Walmart on Wednesday said India's unique ecosystem of suppliers will help the company in achieving its goal of exporting goods worth $10 billion (nearly Rs. 81, 950 crore) from the country annually by 2027. Addressing Indian suppliers and partners, Walmart President and CEO Doug McMillon reaffirmed the roadmap for strengthening partne...
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PhonePe Launches Pincode App for Local Commerce on ONDC Network: All Details
PhonePe on Tuesday announced the launch of Pincode, a new app that will help the Walmart-backed firm make its foray into local commerce. The new Pincode app is built on the government's Open Network for Digital Commerce (ONDC) platform. It will initially be available in Bangalore and will expand to other cities after reaching around 10,000 daily tr...
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Swiggy Raises $1.25 Billion in Funding Round Led by SoftBank Following Zomato’s IPO
Swiggy has raised another $1.25 billion (roughly Rs. 9,320 crores) in its latest funding round led by SoftBank. This comes just days after Zomato’s huge IPO drew bids worth $46.3 billion (roughly Rs. 3,45,410 crores) as it was oversubscribed more than 38 times.
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Flipkart, PhonePe Have Room for Other Investors: Walmart CEO Doug McMillon
Walmart's Indian e-commerce firm Flipkart and digital payments business PhonePe have room for other investors and could raise money in several ways including stock market listings, the US retail giant's CEO said.
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Flipkart’s Binny Bansal Said to Have Resigned After Sexual Assault Allegations
The misconduct accusations followed an allegation of sexual assault, two people familiar with the matter told Reuters.
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Flipkart Group CEO Binny Bansal Resigns After Misconduct Probe: Full Walmart Statement
Walmart said that Bansal has strongly denied the allegations of "serious personal misconduct."
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SoftBank Says Selling Its Entire Flipkart Stake to Walmart
SoftBank CEO Masayoshi Son said earlier this month the $2.5 billion investment through its private equity fund in Flipkart made last year was worth $4 billion.
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Flipkart Deal Good for India, Says Walmart CEO
World's largest retailer Walmart on Thursday tried to assuage concerns around its $16-billion takeover of Flipkart.
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Flipkart-Walmart Deal Opposed by Traders, Industry Gives Thumbs Up
Walmart on Wednesday said it would acquire a 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.
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The CEO Who Took Customer Calls, Bought '2 Of Everything' From Flipkart
The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup's valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers.
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Flipkart-Walmart Deal Sealed, SoftBank CEO Masayoshi Son Says
Flipkart is being purchased by US-based retailing giant Walmart, SoftBank CEO and Founder Masayoshi Son said on Wednesday, Reuters reports.
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7,000 Reforms Like GST For Easier Business, PM Modi Tells US CEOs
It was a stellar list of 21 industry leaders that turned up to hear Prime Minister Narendra Modi on a Sunday morning at Washingtons Hotel Willard Intercontinental: It included Googles Sundar Pichai, Amazons Jeff Bezos, Apples Tim Cook, Caterpillars Jim Umpleby and Walmart's Doug McMillon. And to them, PM Modis message was, -Growth of India presents...
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Walmart CEO Meets PM Modi In Delhi. What They Discussed
Prime Minister Narendra Modi on Sunday said his recent meeting with Walmart CEO Doug McMillon was a fruitful one during which they had insightful discussions on different subjects.
-
ONDC Expands Its Operations to 236 Cities, Adds More Than 36,000 Merchants: CEO
The Indian government's open e-commerce network ONDC has expanded its operations into 236 cities in the country while adding more than 36,000 merchants, a senior company official said on Thursday. The government launched the Open Network for Digital Commerce (ONDC) last year to give small businesses and retailers access to processes and technologie...
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Walmart CEO Expects Exporting Goods Worth $10 Billion From India by 2027
Retail giant Walmart on Wednesday said India's unique ecosystem of suppliers will help the company in achieving its goal of exporting goods worth $10 billion (nearly Rs. 81, 950 crore) from the country annually by 2027. Addressing Indian suppliers and partners, Walmart President and CEO Doug McMillon reaffirmed the roadmap for strengthening partne...
-
PhonePe Launches Pincode App for Local Commerce on ONDC Network: All Details
PhonePe on Tuesday announced the launch of Pincode, a new app that will help the Walmart-backed firm make its foray into local commerce. The new Pincode app is built on the government's Open Network for Digital Commerce (ONDC) platform. It will initially be available in Bangalore and will expand to other cities after reaching around 10,000 daily tr...
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Swiggy Raises $1.25 Billion in Funding Round Led by SoftBank Following Zomato’s IPO
Swiggy has raised another $1.25 billion (roughly Rs. 9,320 crores) in its latest funding round led by SoftBank. This comes just days after Zomato’s huge IPO drew bids worth $46.3 billion (roughly Rs. 3,45,410 crores) as it was oversubscribed more than 38 times.
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Flipkart, PhonePe Have Room for Other Investors: Walmart CEO Doug McMillon
Walmart's Indian e-commerce firm Flipkart and digital payments business PhonePe have room for other investors and could raise money in several ways including stock market listings, the US retail giant's CEO said.
-
Flipkart’s Binny Bansal Said to Have Resigned After Sexual Assault Allegations
The misconduct accusations followed an allegation of sexual assault, two people familiar with the matter told Reuters.
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Flipkart Group CEO Binny Bansal Resigns After Misconduct Probe: Full Walmart Statement
Walmart said that Bansal has strongly denied the allegations of "serious personal misconduct."
-
SoftBank Says Selling Its Entire Flipkart Stake to Walmart
SoftBank CEO Masayoshi Son said earlier this month the $2.5 billion investment through its private equity fund in Flipkart made last year was worth $4 billion.
-
Flipkart Deal Good for India, Says Walmart CEO
World's largest retailer Walmart on Thursday tried to assuage concerns around its $16-billion takeover of Flipkart.
-
Flipkart-Walmart Deal Opposed by Traders, Industry Gives Thumbs Up
Walmart on Wednesday said it would acquire a 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.
-
The CEO Who Took Customer Calls, Bought '2 Of Everything' From Flipkart
The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup's valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers.
-
Flipkart-Walmart Deal Sealed, SoftBank CEO Masayoshi Son Says
Flipkart is being purchased by US-based retailing giant Walmart, SoftBank CEO and Founder Masayoshi Son said on Wednesday, Reuters reports.
-
7,000 Reforms Like GST For Easier Business, PM Modi Tells US CEOs
It was a stellar list of 21 industry leaders that turned up to hear Prime Minister Narendra Modi on a Sunday morning at Washingtons Hotel Willard Intercontinental: It included Googles Sundar Pichai, Amazons Jeff Bezos, Apples Tim Cook, Caterpillars Jim Umpleby and Walmart's Doug McMillon. And to them, PM Modis message was, -Growth of India presents...
