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Walmart says robot army will assist workers, not replace them
Walmart says it will add thousands more robots this year across its stores. And to hear Walmart tell it, that’s actually good news for its employees. Read more…
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Low turnout for shopkeeper protests against Walmart/Flipkart merger
MUMBAI/NEW DELHI (Reuters) – Indian shopkeepers and traders affiliated to a local lobby group held scattered sit-in protests across the country on Monday against Walmart’s proposed $16 billion acquisition of e-commerce firm Flipkart. The Confederation Read more…
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How private brands could reshape India’s e-commerce wars
MUMBAI (Reuters) – For Lalit Bisht, buying Roadster jeans and T-shirts off Myntra, Flipkart’s fashion operation, is a no brainer. It may take a week to deliver clothes to Bisht’s small hometown in Uttarakhand, but Read more…
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SoftBank flips Flipkart stake to Walmart after short stint
TOKYO (Reuters) – SoftBank Group Corp said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc, the first public divestment by its Vision Fund. Walmart said Read more…
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Amazon muscles in on Walmart’s Flipkart bid with formal offer: report
BENGALURU/MUMBAI (Reuters) – Amazon.com has made a formal offer to buy a 60% stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, threatening to complicate Walmart’s bid to buy a majority stake in the Read more…
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Walmart looks at buying into Indian e-commerce firm Flipkart
MUMBAI (Reuters) – Walmart Inc is in talks to buy a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar Read more…