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Thu, Nov 15 2018. 04 20 AM IST

Warren Buffett exits Walmart after 20 years as Amazon reigns

Walmart was once one of Berkshire’s five biggest equity holdings as recently as 2014, valued at over %5 billion, but Amazon’s rise since then has prompted Warren Buffett to cut back

Wed, Nov 14 2018. 11 51 PM IST

‘Anxious’ Walmart holders bore in on results

Flipkart will lower Walmart’s earnings this year and next, although the company has said it sees ‘a path to profitability’ for the business, and an eventual public offering as well

Wed, Nov 14 2018. 11 34 PM IST

Tencent in talks to join group bidding for Amer Sports

Roping in Tencent could help the investor group boost Amer’s brands in China—one of the world’s biggest online shopping markets

Wed, Nov 14 2018. 11 25 PM IST

Prime Venture leads $4.7 million funding round in Perpule

Retail technology startup Perpule plans to use the funding from Prime Venture Partners and existing investors Kalaari Capital and Venture Highway to expand its services to thousands of retail outlets across 10 cities in 2019

Wed, Nov 14 2018. 05 16 PM IST

Ford, Walmart collaborate to design automated-vehicle delivery

The project is the latest to grow out of Ford’s broader effort to develop businesses that could use automated delivery vehicles

Wed, Nov 14 2018. 01 25 PM IST

Shadow banking crisis is starting to hit India’s consumers

Businesses have seen sluggish sales this festive season in part because India’s shadow lending industry, which accounted for nearly 4 out of every 10 consumer loans in the last three years, has grown more cautious about extending new credit amid a funding crunch of its own

Tue, Nov 13 2018. 05 17 PM IST

Binny Bansal resigns from Flipkart over charges of personal misconduct

Binny Bansal’s resignation follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct against him, says Walmart.

Wed, Nov 14 2018. 02 45 AM IST

Hershey’s bets on healthy snacks to drive growth in India

Hershey’s has launched a line of premium protein cookies under the Sofit brand to enter the crowded biscuits market dominated by Britannia, Parle and ITC

Wed, Nov 14 2018. 02 34 AM IST

Myntra future uncertain as Walmart puts it under Flipkart

Walmart, however, is still evaluating if there was sufficient differentiation between Flipkart and Myntra for the online fashion retailer to continue as an independent company

Wed, Nov 14 2018. 05 19 AM IST

Amazon to spend $5 billion on new HQs in New York, Virginia

Amazon, with its two new headquarters, plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C

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