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Foreign companies operating in India's booming e-commerce sector face many regulatory and legal challenges from authorities ...
India's financial crime watchdog filed a complaint against Walmart-backed Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme.
However, Walmart International's operating income, in constant currency terms, declined 6.4% YoY to $1.4 Bn on the back of “strategic growth investments for Flipkart, Walmex, and Canada” FOLLOW US ...
Despite being late to the quick commerce party, the Walmart-owned e-commerce major is striving to capture market share with a rapid scale up ...
India's financial crime agency said on Wednesday an investigation had found that Walmart's fashion business Myntra Designs breached laws prohibiting foreign wholesalers from selling to consumers.
Walmart, set to buy out Indian e-commerce company Flipkart for $16 billion, is being hit with an antitrust petition from an Indian group representing small traders, according to Quartz India.
Flipkart India Pvt., the e-commerce giant owned by Walmart Inc., is using social videos and livestreams to convert young consumers spending a lot of time on their smartphones into loyal customers.
Google parent company Alphabet is reportedly in negotiations to invest in Flipkart, an Indian e-commerce company that has received a large backing from Walmart, according to CNBC.
Walmart-backed Flipkart has launched a $50 million employee stock buyback scheme for 7,000–7,500 staff, allowing liquidation of up to 5 per cent of vested options at $174.32 per unit. Aimed at talent ...
NEW YORK (AP) — Walmart, the nation's largest retailer, is standing behind its full-year sales and operating income outlook even as President Donald Trump has launched tariff wars with China and ...