San Francisco: Competing with the likes of Alexa-powered Amazon, retail giant Walmart is now adding a voice-controlled shopping feature called “Walmart Voice Order” on Google Assistant. To use the feature, users are required to add and link their existing Walmart accounts to Google Assistant which will enable them to shop[Read More…]
Tag: Walmart
Walmart may exit Flipkart due to new FDI rules: Morgan Stanley
New Delhi: Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report by[Read More…]
Amazon loses $45 bn market cap, Walmart sheds $5 bn on new FDI norms
New Delhi, As the shares of Amazon and Walmart lost 5 per cent and 2 per cent, respectively, on Friday, both the companies together lost a market capitalisation of $50 billion. The fall in stock prices can be attributed to disruption caused in their e-commerce operations in India after the[Read More…]
Trump threatens to block China trade deal
Washington, US President Donald Trump has said that it was “highly unlikely” he would accept an offer by his Chinese counterpart Xi Jinping aimed at averting Trump’s plan to raise tariffs on over $200 billion of Chinese goods to 25 per cent in January 2019. Trump in a Wall Street[Read More…]
Flipkart’s Jabong may lay off 50 per cent employees
Nothing seems to have been going right for the Walmart acquired multi-billion Dollar e-commerce giant Flipkart. Soon after Binny Bansal stepped down from his post of the chief executive over allegations of “personal misconduct”, reports have emerged that Jabong may lay off up to 50 per cent of its employees. Arecibo[Read More…]
Traders’ body launches ‘Rath Yatra’ against Walmart-Flipkart deal
The Confederation of All India Traders (CAIT) on Saturday started a 90-day “National Rath Yatra” protesting against foreign direct investment (FDI) in retail and the Walmart-Flipkart deal. The protest movement named “Sampoorn Kranti Rath Yatra” started at Red Fort here. It will cover various parts of the country and culminate[Read More…]