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Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report
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.
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YouTube Plans to Launch Online Store for Streaming Video Services: Report
YouTube is reportedly planning to launch an online store for streaming video services. The company has also renewed talks with entertainment companies about participating in the platform, as per the report. With the new platform, YouTube will join companies like Roku and Apple in a bid to gain a portion of the already crowded streaming market.
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Amazon Issued 13,000 Disciplinary Notices at Single US Warehouse, States Court Filing
Amazon’s internal documents reveal how the company measured workers’ performance in minute detail and issued more than 13,000 so-called “disciplines” in a single US warehouse alone, according to one lawyer for Amazon. The facility had about 5,300 employees around that time. In its statement, Amazon said these write-ups did not accurately re...
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India’s Plan for Tighter E-Commerce Rules Facing Internal Government Dissent, Show Documents
India's plan to have stricter rules governing the e-commerce market has run into internal government dissent with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".
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Walmart Seeking to Hire Cryptocurrency Lead in US as It Looks at Developing Digital Currency Strategy
Walmart, the American retail giant, is seeking to hire a Digital Currency and Cryptocurrency Product Lead, who will be entrusted with the task of developing the digital currency strategy and product roadmap. Not just that, as a cryptocurrency lead of operations at the company, the new joinee will also be responsible for driving the vision for the p...
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Flipkart Acquisition Continues to Hit Walmart’s Bottom Line
Flipkart acquisition once again negatively impacted Walmart International's operating income on Thursday which dropped to $600 million in the third quarter ending September from $1.2 billion a year-ago quarter.
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Walmart To Stop Sale Of E-Cigarettes In US Amid Crackdown On Vaping
Walmart Inc told its staff on Friday the retailer was discontinuing the sale of e-cigarettes and electronic nicotine delivery products at its US stores. In an internal memo seen by Reuters, Walmart said growing federal, state and local regulatory complexity and uncertainty were behind its decision.
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Walmart Plans to Open 15 Stores in Andhra Pradesh
Walmart India plans to open 15 cash-and-carry stores in Andhra Pradesh in next five years.
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Wal-Mart names new chief executive
Global retail titan Wal-Mart Stores today named Doug McMillon, a company veteran who heads its international operations as its chief executive.
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Finance Minister P Chidambaram to leave for four-day US tour on Monday
Finance Minister P Chidambaram will tomorrow leave for a four-day visit to the United States during which he will meet US Treasury Secretary and industrialists and seek investments into India.
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Walmart Foundation donates Rs 50 lakh to cyclone-hit farmers
The Walmart Foundation, a division of the world's largest retailer Walmart, has donated USD 100,000 (about Rs 50 lakh) to farmers in Cuddalore district in Tamil Nadu, who were severely affected by cyclone Thane last year. International humanitarian organisation CARE and Walmart Foundation are currently engaged in cashew value chain at the district...
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Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report
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.
-
YouTube Plans to Launch Online Store for Streaming Video Services: Report
YouTube is reportedly planning to launch an online store for streaming video services. The company has also renewed talks with entertainment companies about participating in the platform, as per the report. With the new platform, YouTube will join companies like Roku and Apple in a bid to gain a portion of the already crowded streaming market.
-
Amazon Issued 13,000 Disciplinary Notices at Single US Warehouse, States Court Filing
Amazon’s internal documents reveal how the company measured workers’ performance in minute detail and issued more than 13,000 so-called “disciplines” in a single US warehouse alone, according to one lawyer for Amazon. The facility had about 5,300 employees around that time. In its statement, Amazon said these write-ups did not accurately re...
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India’s Plan for Tighter E-Commerce Rules Facing Internal Government Dissent, Show Documents
India's plan to have stricter rules governing the e-commerce market has run into internal government dissent with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".
-
Walmart Seeking to Hire Cryptocurrency Lead in US as It Looks at Developing Digital Currency Strategy
Walmart, the American retail giant, is seeking to hire a Digital Currency and Cryptocurrency Product Lead, who will be entrusted with the task of developing the digital currency strategy and product roadmap. Not just that, as a cryptocurrency lead of operations at the company, the new joinee will also be responsible for driving the vision for the p...
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Flipkart Acquisition Continues to Hit Walmart’s Bottom Line
Flipkart acquisition once again negatively impacted Walmart International's operating income on Thursday which dropped to $600 million in the third quarter ending September from $1.2 billion a year-ago quarter.
-
Walmart To Stop Sale Of E-Cigarettes In US Amid Crackdown On Vaping
Walmart Inc told its staff on Friday the retailer was discontinuing the sale of e-cigarettes and electronic nicotine delivery products at its US stores. In an internal memo seen by Reuters, Walmart said growing federal, state and local regulatory complexity and uncertainty were behind its decision.
-
Walmart Plans to Open 15 Stores in Andhra Pradesh
Walmart India plans to open 15 cash-and-carry stores in Andhra Pradesh in next five years.
-
Wal-Mart names new chief executive
Global retail titan Wal-Mart Stores today named Doug McMillon, a company veteran who heads its international operations as its chief executive.
-
Finance Minister P Chidambaram to leave for four-day US tour on Monday
Finance Minister P Chidambaram will tomorrow leave for a four-day visit to the United States during which he will meet US Treasury Secretary and industrialists and seek investments into India.
-
Walmart Foundation donates Rs 50 lakh to cyclone-hit farmers
The Walmart Foundation, a division of the world's largest retailer Walmart, has donated USD 100,000 (about Rs 50 lakh) to farmers in Cuddalore district in Tamil Nadu, who were severely affected by cyclone Thane last year. International humanitarian organisation CARE and Walmart Foundation are currently engaged in cashew value chain at the district...
