New Delhi, May 10 (IANS) Highlighting India’s growing importance in the global consumer and digital commerce ecosystem, Walmart President and CEO John Furner on Sunday met a group of Indian entrepreneurs and business leaders building high-growth, digital-first consumer brands.The interaction brought together founders from sectors such as beauty and personal care, food and beverages, lifestyle and apparel, fragrances, and pet care for discussions with leaders from Walmart and Flipkart on scalin…
Latest Walmart News & Updates
New Delhi, May 7 (IANS) India represents one of the most dynamic opportunities in global commerce today, John Furner, President and CEO of global giant Walmart, said on Thursday, adding that they have already sourced more than $40 billion in goods from India.Furner said the company is focused on strengthening entrepreneur and supplier capabilities, raising compliance and quality standards, and helping scale manufacturing so more Indian businesses are ready to export.“This work is expanding eco…
New York, April 9 (IANS) The doors to India-US trade have been opened wider with the launch of a digital portal to bring businesses from the two countries together in the march to $500 billion annual trade between the two great democracies, according to Commerce Minister Piyush Goyal.“Forged on shared democratic values, fueled by entrepreneurial spirit and driven by unrelenting pursuit of innovation, our partnership is special”, Goyal said on Wednesday at the launch of the India-US Trade Fac…
New Delhi, March 17 (IANS) The conflict in the Middle East has hit China’s exports due to the disruption in shipping, which has caused goods to pile up in the local warehouses, according to media reports.The report in CBC news came from the Chinese city of Yiwu, which is known as the world’s supermarket, as it is a key supplier of household goods and electronic products to US commerce giants such as Amazon and Walmart, as well as to the Middle East. The report by Chris Brown states that due …
New Delhi, Jan 16 (IANS) The Income Tax Department has revived the assessment proceedings against Tiger Global following the favourable Supreme Court judgment on the capital gains tax that has to be paid by the US equity investor on the sale of Flipkart shares to American retail giant Walmart for Rs 14,500 crore.A senior official told IANS that the Income Tax Department has already withheld approximately Rs 967.52 crore as tax deducted at source, under Section 241A, for which the company had cla…