Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart for about $1.5 billion (roughly Rs. 12,235 crore), the Economic Times reported on Thursday. The stake, which collectively amounts to about…
Authorities responded to a shooting at a Walmart in Evansville, Indiana, on Thursday evening, where they said at least one victim was injured. The suspect was killed during a shootout with police, authorities said. The Evansville Police Department tweeted on Thursday night about the shooting, encouraging people to avoid the area: “Active shooter…
Walmart-backed PhonePe said on Thursday it raised $350 million (roughly Rs. 2800 crore) from private equity firm General Atlantic at a $12 billion (roughly Rs. 97,700) valuation, making it India’s most valuable payments firm and giving it funds to expand into the lucrative lending space. A second tranche of investments…
Shoppers will find fewer discounts on everything from toys to tortillas as companies increasingly set minimum prices on their goods to maintain profits and limit price cutting by retailers like Walmart and Amazon. For many years, manufacturers set the lowest price at which retailers could advertise certain big-ticket items like TVs. They…
New York Post may be compensated and/or receive an affiliate commission if you buy through our links. We can’t believe it either, but Black Friday is here and bigger than ever at Walmart. Kicking off the Black Friday gifting extravaganza early, Walmart is hosting their annual Black Friday Deals for…
Retailers are poised to push smaller and less expensive toys this holiday season — a bid to tempt skittish shoppers as inflation hikes prices for everything from gas to groceries. MGA Entertainment, maker of LOL Surprise and Bratz dolls, is launching more than 200 new toys that are priced at…
Walmart, the multinational retail giant, has launched two new experiences on the metaverse platform Roblox that targets a younger audience. Within Roblox, there are now two new spaces dubbed Walmart Land and Walmart’s Universe of Play, both of which offer unique interactive content and entertainment. The activation makes Walmart the…
One, a fintech company backed by Walmart, will introduce checking accounts to thousands of Walmart employees and a small percentage of its online customers for beta testing in the coming weeks, two people familiar with the matter said. The fintech aims to make the accounts available to Walmart’s 1.6 million employees within a year…
The Open Network for Digital Commerce (ONDC) — India’s e-commerce network to end the dominance of US companies Amazon and Walmart — will be soon open to the public, said an official, as per a report. The pilot phase for India’s domestic digital commerce initiative began in April. In cities…
A woman in Oklahoma climbed through the sunroof of a vehicle parked outside a Walmart this week to rescue two 2-year-olds left inside, according to reports. The vehicle was reportedly parked in direct sunlight during a 98-degree day. Elizabeta Babb, 33, was arrested after she exited an Oklahoma City Walmart after shopping for…
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