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'These are the rules': Canada to deport Sikh family to India
A Sikh family in Canada's British Columbia province is facing deportation to India unless the government grants a stay or delay. Hardeep Singh Chahal, his wife Kamaldeep Kaur and daughter have been given deportation orders; they had been granted 10-year visitor visas and later work visas after which they applied for refugee status. They reportedly failed in their claim and two subsequent appeals because they had been unable to provide enough documentation.
Why are US Fed leaders so confident that inflation is transitory
The Fed’s new monetary policy framework, approved last August, means policy makers will be more patient in how they view inflation.
Walmart's Asia CEO steps down
Dirk Van den Berghe is also likely to step down from the board of ecommerce company Flipkart.
Fed's Bullard: Wall Street "about right" as US muddles through virus risk
"I think Wall Street has called this about right so far," he said, noting how firms like Wal-Mart, with its mandatory masking and other rules, have found ways to operate that others will copy.
Reliance Retail tops list of 50 fastest growing retailers globally
Reliance Retail topped the list of '50 fastest-growing retailers globally' in the Deloitte's Retailing index.
Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal
Piyush Goyal said e-commerce companies have no right to offer discounts or adopt predatory prices. "We will take stringent action against them, if there is violation of any law in letter or in spirit. Action will be taken as per the law."
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Fearing for life, Asia Bibi's lawyer flees Pakistan; requests govt to protect family
Asia Bibi, a 47-year-old mother of four, was convicted in 2010 after being accused of insulting Islam in a row with her neighbours.
Walmart may repeat 'predatory behaviour' in India as well: CAIT to NCLAT
CAIT said that Walmart "may cause an appreciable adverse effect on competition" in the domestic market post combination as its "predatory tendencies" would be on a much larger scale.
NCLAT wants to know India business models from Wal-Mart International and Flipkart
NCLAT has asked Wal-Mart International Holdings Inc to file its reply before it by September 20, 2018.
Pakistan lifts ban on extremist group hours before FATF list
The National Counter-Terrorism Authority (NACTA) yesterday issued a notification to lift the ban on Ahle Sunnat Wal Jamaat (ASWJ) and unfreeze the assets of its chief Maulana Ahmed Ludhianvi, the Express Tribune reported.
Walmart to open 50 new stores in India in 4 years
"We currently have 21 stores and plan to open 50 stores in 4 to 5 years. Plans are on track," Walmart India President and CEO Krish Iyer said at a select media roundtable called to explain the Flipkart deal.
WalMart adds 86% of Flipkart to wishlist
“Wal-Mart’s final shareholding is likely to end up more close to 51% than 86%,” according to one of the sources mentioned above, saying that investors are not likely to sell their entire stakes.
Flipkart’s parent invests Rs 4,472 crore in wholesale arm
The investment was made in Flipkart India Pvt Ltd in Feb, according to documents filed with the RoC, which were sourced from data intelligence platform Paper.vc.
Budget 2018 focuses on building a resilient Bharat: Krish Iyer, president & CEO, Walmart India
He said, “I must compliment Prime Minister Modi and Finance Minister Jaitley for intense focus on fiscal prudence in this budget.
Revised debit card fee to pinch us: Retailers
RBI revised MDR for debit card transactions with effect from Jan 1 next yr. At shops with annual revenue of Rs 20L, MDR will be 0.4% of purchase value or Rs 200.
Walmart India ties up 20 sites, new stores to open next year
Walmart India, which runs 21 Best Price wholesale stores in nine states, has already started work in some of the new projects.
Note ban proves a big gain for wholesalers Metro Cash, Walmart
Traditional retailers continue to act as the most critical channel for Metro, which has been convincing local grocers to use their big-format stores as warehouses.
Walmart India recognised among 100 best companies for women
The list includes companies with the most favourable policies and practices in promoting employment, retention and increasing participation of women in the workforce.
Walmart opens its first India ‘dark store’ in Bhiwandi
The 45,000 square feet centre at Bhiwandi near Mumbai will serve kirana stores and other B2B businesses through online orders and will mostly stock packaged consumer products and home supplies.
What makes DMart Wal-Mart of India? Must you buy at 140 PE?
Goldman Sachs says the company’s valuation appears stretched on a 12-month horizon.
Walmart launches 2nd edition of women empowerment programme
Walmart India, a wholly-owned subsidiary of Walmart Stores Inc, has doubled the number of participants this year to 64 in a bid to promote women-owned business at its stores.
Looking to invest in businesses not just owned, but also led by women: Seema Chaturvedi
The fund is called Achieving Women Entrepreneurs Fund I and is being raised by the Accelerator Group. It is an outcome of the experiences gained through AIRSWEE.
Wal-Mart asks employees to deliver packages on their way home
Wal-Mart is tapping into its 4,700 US stores and more than a million retail employees as it seeks to redefine itself in an age of ecommerce dominated by Amazon.
Wal-Mart looks at online presence, Amazon considers offline stores
Amazon.com is going to have a significant brick-and-mortar presence. The only remaining question is when and how.
Reuters Sports Schedule at 1400 GMT on Tuesday, Feb 21
SPORTS-NEWS-SCHEDULE AT 1400 GMT/:Reuters Sports Schedule at 1400 GMT on Tuesday, Feb 21
Walmart India revenue rises 7% as sales jump 34%
The company opened one store after a gap of more than two years to take its store count to 21. The new store opened in Agra was also its first after becoming a fully-owned subsidiary of Walmart Stores Inc.
Walmart drops plan for food-only stores in India
Retailers say operating food-only retail stores does not make business sense because of the waferthin margins.
The accidental millionaire in Jet.com's sale to Wal-Mart
The cash-and-stock sale to Wal-Mart could have boosted that since Jet's private valuation was pegged at around $1.5 billion last November, but the company has also raised money since Martin won his shares.
Promise of Wal-Mart Technology being realised in India: Karenann Terrell, Wal-Mart
"What we’re seeing is that we have to have both. Wal-Mart has always had a very unique relationship with IT services business in India."
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