Bengaluru : Flipkart has made key changes to its board of directors even as the Walmart Inc-owned e-commerce company prepares for an initial public offering (IPO) and days after its digital payments company PhonePe was spun off as a separate entity. Flipkart Group CEO Kalyan Krishnamurthy will join the board …
Read More »Walmart Commits to Exporting $ 10 Billion in Indian-Made Products Every Year by 2027
NEW DELHI: Walmart announced Thursday that it will triple its exports of goods from India to $ 10 billion each year by 2027. Walmart’s new export commitment is expected to provide a significant boost to micro, small and medium-sized enterprises (MSMEs) in India, along with ongoing efforts such as the …
Read More »Flipkart Co-Founder Binny Bansal to Join PhonePe Board
BENGALURU: Flipkart co-founder Binny Bansal will join PhonePe’s board of directors as the digital payments company splits from Walmart-owned Flipkart to become a separate entity. Bansal will join PhonePe co-founders Sameer Nigam, Rahul Chari and Rohit Bhagat on the board. Read also: Inside India’s quest to fix its payments puzzle …
Read More »IIT Guwahati 2020 placements begin, highest package already offered more than last year – education
IIT Guwahati Placements 2020: The Indian Institute of Technology (IIT) Guwahati placement sessions began on Tuesday in virtual mode and a total of 69 offers have been made as of the institution’s publication of this press release. Companies such as Google, Microsoft, Goldman Sachs, Qualcomm, Texas Instruments, Adobe, Quadaye, Oracle, …
Read More »Monthly active users at all time for Flipkart, PhonePe: Walmart
Bangalore: US retail giant Walmart Inc. said Tuesday that its Indian e-commerce unit Flipkart and payment app PhonePe have seen a solid quarter thanks to ‘Big Billion Day’ sales, with monthly active users (MAUs) at a high. historical. for the Indian e-tailer. The retail giant in its August-October quarter earnings …
Read More »Tata Group to Buy a Majority Stake in BigBasket for Around $ 1 Billion: Report
BENGALURU (Reuters) – Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $ 1 billion to salt-to-software conglomerate Tata Group. reported the Economic Times on Wednesday, citing three sources familiar with the matter. The centennial group has been planning to launch a “super …
Read More »Flipkart-Aditya Birla Fashion’s proposed deal violates government FDI policy: CAIT
NEW DELHI: Traders body CAIT raised objections Tuesday Aditya birla Fashion and Retail plans to raise Rs 1,500 crore by issuing 7.8 percent stake to Walmart Flipkart Group, claiming that the proposed deal violates the government’s FDI policy. The Confederation of Traders of India (CAIT) wrote to the Minister of …
Read More »Walmart Seeks Up to $ 25 Billion Investment in Tata Group’s ‘Super App’: Report
BENGALURÚ: Walmart Inc is in talks with the Tata Group for a possible investment of up to $ 25 billion in the salt-to-software conglomerate’s new “super app”, a newspaper reported Tuesday, citing people familiar with the matter. Based on ongoing discussions between the two companies, the super app could be …
Read More »Walmart Seeks Up to $ 25 Billion Investment in Tata Group’s “Super App,” Report Says
Bangalore: Walmart Inc is in talks with the Tata Group for an investment of up to $ 25 billion in the salt-to-software conglomerate’s new “super app”, the Mint newspaper reported Tuesday, citing people familiar with the matter. Based on ongoing discussions between the two companies, the super app could be …
Read More »Donald Trump backs the Oracle deal, allowing TikTok to continue operating in the US.
WASHINGTON / NEW YORK : US President Donald Trump said he supports a deal that will allow TikTok to continue operating in the United States, after threatening to ban the Chinese-owned app in August. He told reporters at the White House that he backs the deal with TikTok owner ByteDance, …
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