Walmart: News

17 May 2024

Federal Reserve

Dow Jones soars past 40,000 for the first time ever

The Dow Jones Industrial Average achieved a historic milestone on Thursday as it crossed the 40,000 level for the first time.

14 May 2024


Walmart lays off hundreds of employees in shift toward automation

Walmart, the world's largest retailer and America's biggest private employer, is reportedly laying off hundreds of corporate jobs.

13 May 2024


Flipkart plans to shift domicile from Singapore to India 

E-commerce titan, Flipkart, is reportedly considering a shift of its domicile or holding company from Singapore to India.

01 Mar 2024


Security flaws found in doorbell cameras sold on Amazon, Walmart

Doorbell cameras sold by major retailers like Amazon, Walmart, Shein, Sears, and Temu have been found to have security flaws, according to a recent investigation by Consumer Reports.

08 Feb 2024

Snoop Dogg

Why rappers Snoop Dogg and Master P are suing Walmart

Rappers Snoop Dogg and Master P are suing Walmart and food manufacturing company Post Consumer Brands for allegedly sabotaging their cereal brand, Snoop Cereal.

27 Jan 2024


Flipkart co-founder Binny Bansal exits board over conflict of interest

Binny Bansal, the co-founder of Flipkart, has stepped down from the e-commerce giant's board.

25 Jan 2024


Flipkart to lay off 1,000 employees in yearly restructuring move

Flipkart, an e-commerce giant owned by Walmart, is planning to lay off around 1,000 employees, which accounts for nearly 5% of its total workforce, as part of an annual restructuring effort.

Walmart's new AI offering can do your shopping for you

Walmart is stepping up its game with a new AI-powered feature for its InHome replenishment service in the US.

Walmart shifting from China to India over lower import costs 

Walmart, the world's largest retailer, is increasingly importing goods from India to the US, reducing its dependence on China.

23 Sep 2023


PhonePe's Indus Appstore might launch today; to challenge Google, Apple

Walmart-owned fintech company PhonePe is set to launch its own mobile app store, Indus Appstore, aiming to challenge the dominance of Google and Apple in mobile app distribution.

US stores are keeping toothpaste, deodorant in locks: Here's why

Major retailers in the United States (US), including Walmart, CVS, Target, Home Depot, Walgreens, and Foot Locker, have started locking up daily use products like toothpaste, chocolate, detergent powder, and deodorant due to an increase in petty theft and organized shoplifting, reported AFP.

02 Sep 2023


Walmart invests $3.5 billion in Flipkart, stake rises to 80%

Walmart has invested $3.5 billion in the first half of 2023 to acquire shares from several non-controlling Flipkart stakeholders and settle liabilities with some PhonePe shareholders, it said in a Securities and Exchange Commission (SEC) filing.

31 Jul 2023


Walmart buys Tiger Global's stake in Flipkart for $1.4 billion

Walmart has acquired Tiger Global's $1.4 billion stake in Indian e-commerce firm Flipkart.

17 Jul 2023


Climate activists vandalize Walmart heiress' $300 million superyacht

A group of climate activists vandalized the $300 million superyacht "Kaos" of Walmart heiress Nancy Walton Laurie in Ibiza, a Spanish island in the Mediterranean Sea, on Sunday.

23 Nov 2022

Shooting Incident

US: Shooting at Virginia Walmart store, up to 10 killed

Up to 10 people were killed and many others injured after a gunman opened fire inside a department store in Virginia, United States, on Tuesday night.

Rise and fall of Theranos CEO Elizabeth Holmes

The CEO and founder of the failed Silicon Valley start-up Theranos, Elizabeth Holmes, has been given a sentence of over 11 years in jail for duping investors.

29 Oct 2022

Defence Ministry

Defence Ministry is world's biggest employer with 2.92 million people

India's Ministry of Defence is the biggest employer in the world with nearly 2.92 million employees working in various positions, according to report published on Statista.

29 Sep 2022


Walmart joins metaverse bandwagon with virtual worlds on Roblox

Multinational retail giant Walmart has made its metaverse aspirations known with two new experiences on the online gaming platform Roblox.

LIC, Reliance among Indian companies in Fortune Global 500 list

The Fortune Global 500 is the list of the top 500 corporations in the world based on their revenue. In the 2022 edition of the list published by Fortune magazine, nine companies from India have found their place.

18 May 2022


Rivaling Amazon, Walmart-backed PhonePe to buy two wealth management firms

Walmart-owned payments platform PhonePe is set to acquire two investment technology firms WelathDesk and OpenQ for a combined value of $75 million.

21 Jan 2021


India's planned foreign investment policy changes could hurt Amazon

Sources informed Reuters of Indian government's plans to change foreign investment policies that could impact the e-commerce giants like Amazon and Walmart.

20 Sep 2020

Donald Trump

ByteDance values TikTok at $60 billion for US deal

Chinese giant ByteDance is said to have valued TikTok at an approximate $60 billion.

20 Sep 2020

Donald Trump

End of TikTok's woes? Trump approves Oracle's bid for TikTok

TikTok finally appears to be finalizing a way to prevent itself from getting banned in the United States.

16 Sep 2020


Chinese giant Tencent pumps money into Flipkart: Details here

Chinese tech giant Tencent is pumping money into Flipkart, India's leading online shopping platform.

30 Aug 2020


#WeeklyRecap: Apple bans Epic, Zoom's outage, TikTok's crisis, and more

This week, a number of developments were reported in the world of technology, including a few interesting hardware launches and some rather concerning security issues, outages, and data leaks.

28 Aug 2020


NewsBytes Briefing: Walmart-Microsoft team up for TikTok deal, and more

In the updates since last night, TikTok, the current talk of the town, got Walmart as the latest bidder for its business.

23 Jul 2020


Flipkart buys Walmart India, foraying into online wholesale

In a major move, homegrown e-commerce giant Flipkart has acquired Walmart India.

09 Jul 2020


Now, Walmart is bringing an Amazon Prime-like membership service

More than 15 years after the launch of Amazon's Prime subscription service, its competitor Walmart is set to bring its own membership - Walmart+.

16 Mar 2020


Ahead of launch, Apple's Powerbeats 4 earbuds hit the shelves

Apple's Powerbeats 4 seems to have gone on sale even before its official launch. The still-unannounced earbuds were spotted for sale at a Walmart store in Rochester, New York.

13 Jan 2020


Walmart India fires over 50 employees, including top executives

In a major shocker, Walmart Inc., the largest retailer in the world, has taken the decision to lay off more than 50 of its employees in India, including a bunch of senior-to-mid level executives.

04 Aug 2019


Ohio mass shooting: 9 killed, 16 injured in Dayton

At least nine people have been killed and 16 injured in a mass shooting outside a bar in the Dayton city of Ohio in the US.

04 Aug 2019


Texas Walmart Mass Shooting: 20 killed in suspected hate crime

At least 20 people have been killed and 26 others injured in a mass shooting at a packed Walmart store in the El Paso city of Texas in the US.

29 Jan 2019


Worried Flipkart wants six-month delay in implementing new e-commerce rules

American retail giant Walmart-owned Flipkart has written to the government that it faces "the risk of significant customer disruption" if the deadline for implementing the new e-commerce curbs, which could cause huge disruption in the space, isn't extended by six months.

14 Jan 2019


Myntra and Jabong CEO Ananth Narayanan resigns; may join Hotstar

After some rounds of speculation, it has been confirmed that Ananth Narayanan, CEO of Flipkart-owned Myntra and Jabong, has left his post in pursuit of other opportunities.

14 Nov 2018


Binny Bansal out of Flipkart: Some conjectures, many unanswered questions

In more ways than one, Flipkart is India's biggest start-up success story. The company and its founders are (still) the quintessential Indian dream - owners' pride, and everyone else's envy.

14 Nov 2018


Why co-founder Binny Bansal resigned from Flipkart

Flipkart's co-founder Binny Bansal stepped down from the Walmart-owned company on Tuesday, and now a report claims an investigation into the accusations of misconduct found that he had a consensual affair with the woman.

13 Nov 2018


Binny Bansal resigns as CEO of Flipkart Group: Details here

Flipkart co-founder Binny Bansal has resigned as the CEO of the Flipkart Group, following an investigation into allegations of "serious personal misconduct" against him.

11 Oct 2018

Sachin Bansal

Reportedly, Flipkart co-founder Sachin Bansal to invest $100mn in Ola

In what could mark the largest personal investment in the Indian internet space, Flipkart co-founder Sachin Bansal is reportedly in the process of finalizing a whopping $100mn (around Rs. 740cr) investment in ride-hailing start-up Ola Cabs.

24 Sep 2018


Flipkart might replace Binny Bansal as group CEO

Walmart-owned Flipkart is contemplating separating the responsibilities of chairman and group CEO, and is likely to replace Flipkart co-founder Binny Bansal as the group CEO.

19 Aug 2018


Walmart completes acquisition of Flipkart, pumps in $2bn

On Saturday, Walmart announced that it had completed its $16bn acquisition deal with Flipkart.

27 Jul 2018


Walmart India expects to create 30,000 jobs in Uttar Pradesh

Walmart India, which had signed MoU with UP government to open 15 wholesale Cash and Carry stores, said it expects to create at least 30,000 local jobs from these stores.

02 Jul 2018


10 lakh traders to protest against Flipkart-Walmart deal today

Around 10 lakh traders are launching a country-wide protest against the multibillion dollar deal between Indian e-commerce giant Flipkart and US-based retail giant Walmart.

06 Jun 2018


After Flipkart acquisition, Walmart to work with local kirana stores

Just a month after acquiring India's largest start-up and e-commerce platform Flipkart, Walmart is now planning to take hold of the country's kirana store business.

30 May 2018


Business Roundup: Here are today's top 5 business news

Today the business space remained rocked up with a lot of happenings.

12 May 2018


Amid landmark Walmart-Flipkart deal, many fear for survival

This week saw one of the most important acquisitions in Indian history, as Walmart poured in $16bn into Flipkart for a 77% stake.

10 May 2018

Binny Bansal

Really sad to see Sachin leave Flipkart: Co-founder Binny Bansal

They were considered the "Jai-Veeru" of the Indian start-up panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other.

10 May 2018


Walmart-Flipkart deal turns many employees crorepatis: Details here

Walmart's $16bn buyout of Flipkart has brought cheer not only to India's iconic start-up, but also to 3,000 of its current and former employees who hold shares with the company.

09 May 2018


Walmart buys 77% stake in Flipkart for $16 billion

The cat is finally out of the bag - Walmart Inc. has announced its acquisition of India's leading e-commerce platform, Flipkart, for a whopping $16bn, taking 77% stake. This makes it the world's most expensive e-commerce acquisition, so far.

04 May 2018


The love triangle of Amazon, Flipkart, and Walmart

Here's the story: Basically, the two US retail rivals Walmart and Amazon are both attempting to buy Flipkart, which is the best start-up India has produced in over a decade.

09 Apr 2018


Flipkart opens new consolidated office space in Bengaluru

Flipkart has opened a new office space in Embassy Tech Village, Bengaluru, which is a consolidation of all of its previous 11 campuses in the city.

04 Apr 2018


Amazon planning to buy Flipkart to prevent rival Walmart bid

According to reports, Amazon might make an offer to buy India's largest e-commerce platform Flipkart.

01 Mar 2018


Walmart raises minimum age to buy firearms, ammunition to 21

After the deadly Florida school shooting that killed 17, US retail giant Walmart on Wednesday announced it was raising the minimum age to buy firearms and ammunition to 21 years.

17 Feb 2018


Walmart may soon buy more than 40% of Flipkart: Reports

In a direct attack on Amazon, American retailer Walmart may soon buy more than 40% of India's e-commerce giant Flipkart. The talks are to begin from next week, Reuters reported on Friday.

31 Jan 2018


Walmart to acquire minority stake in Flipkart, compete with Amazon-India

The world's largest retailer, US-based Walmart Stores, is in advanced discussions to buy a significant minority stake in India's leading e-commerce company Flipkart, reported Economic Times.

13 Nov 2017

Consumer Court

US man wins $7.5mn verdict against Walmart over watermelon injury

An Alabama man recently won a $7.5 million verdict against Walmart over a hip injury he suffered while buying watermelons at the global retail giant in 2015.

02 Nov 2017


Another shooting in the US: 2 killed inside Colorado's Walmart

In yet another shooting incident in the US, 2 people have reportedly been killed in a Walmart store in Colorado.

12 Jul 2017


Walmart may soon enter India's e-commerce market via partnerships

American retailing multinational Walmart has been trying to dip its toe into the online market for some time now.

23 Nov 2016


Indian family businesses: Only 15% have succession plans

Reports revealed that just about 15 percent of the country's family businesses have a robust plan for succession.

09 Aug 2016

Alibaba Group to be acquired by Walmart for $3bn in cash

Walmart will be acquiring — an online-only shopping site for $3 billion in cash, plus up to $300 million in shares.