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‘Walmart, Cisco, Apple Excited To Invest In India’: PM Modi

Prime Minister Narendra Modi talked about the groundwork done by his government to boost employment in the country at the Rozgar Mela. He said that every policy formulated in the last nine years has acted as a ‘door to generating employment’ for the youth. The Prime Minister addressed the Rozgar mela virtually, where he distributed appointment letters to 71,000 new recruits and congratulated the candidates and their families for getting the appointment letters.

17 May 2023
Companies

Flipkart completes full separation of PhonePe

The PhonePe Group was acquired by the Flipkart Group in 2016 and is one of India's largest digital payments platform

1 min read23 Dec 2022
News

US: Shooting at Walmart kills six including assailant

A shooter opened fire in a Walmart in Virginia late Tuesday, leaving six people dead, police said, in the second high-profile mass killing in a handful of days. The assailant is also dead

1 min read23 Nov 2022
Companies

Walmart sells majority stake in Seiyu, nearly exiting Japan

The deal, which values Seiyu at 172.5 billion yen, comes after on-off speculation about the US retail giant looking to exit JapanThe world's biggest retailer first entered the Japanese market in 2002 by buying a 6% stake in Seiyu

3 min read16 Nov 2020
Companies

Walmart, Flipkart invest $30 million in Ninjacart

Additional funds will ensure access to good quality produce for consumers, retailers

1 min read13 Oct 2020
Companies

Walmart India's losses widen to ₹299 cr in FY20

In FY20, the company’s reported revenues were up 20% year-on-year at ₹4,926 cr

1 min read10 Oct 2020
Companies

Walmart’s UK retreat leaves Asda with new owners, old problems

TDR and the Issa brothers -- Mohsin and Zuber -- plan to invest more than 1 billion pounds ($1.29 billion) over the next three years to expand Asda’s U.K. suppliers and drive more online sales

4 min read3 Oct 2020
Companies

Indian-origin billionaire brothers win bid to buy UK supermarket chain Asda

The supermarket deal, valued at around 6.8-billion pounds (USD 8.8-billion), follows an auction process for Asda over several monthsThe Issa brothers, whose parents moved to the UK from Gujarat in the 1970s, own the Euro Garages chain of petrol stations as part of their EG Group business

2 min read3 Oct 2020
News

Walmart sells UK supermarket Asda for $8.7 bn

The Issa brothers, who run petrol stations and food outlets worldwide, have joined with private equity firm TDR Capital to purchase Asda

1 min read2 Oct 2020
Companies

Walmart looks to join hands with Tata group in retail push

Walmart may buy a stake in Tata’s super app for up to $25 bnThe super app, which is likely to be launched in Dec-Jan, will bring together Tata’s consumer biz under one channel

2 min read29 Sep 2020
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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