Walmart India lays off 56 employees
CEO Krish Iyer says reports of a second round of layoffs in April are “baseless and incorrect”.
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Amazon India: Up and running
Amazon India’s smooth ride may have faced a bump in the form of the revised e-commerce norms, but the company has taken it in its stride and is aggressively courting new customers.
Amazon, undaunted
Editor’s letter from the March 2019 issue
Inside the issue: January 2019
Why is the Walmart-Flipkart deal what we at Fortune India call the “Move of the year”? Our predictions on what the biggest trends and stories of 2019 are going to be, and more from the latest issue.
The end of the Bansals’ reign at Flipkart
Walmart says that Bansal had been contemplating a transition for some time and a succession plan is being worked on.
Flipkart to remain a drag on Walmart’s bottom line
Biggest ever acquisition is set to pull down operating income and earnings per share till FY20; but management gung-ho about success in the long run.
CCI approves Walmart-Flipkart deal
The decision comes in the wake of the government indicating its intention of putting home-grown players in ecommerce on an equal footing with global players.
Battleground e-commerce: Flipkart vs Amazon
Both sides will sink in big bucks despite losses to grab a larger share of the market.
Flipkart staff cautiously optimistic about Walmart
Employees added that while the middle management and employees were relaxed about retaining their jobs, there was uncertainty about what would change.
India in Walmart’s cart
Multiple reports are suggesting Walmart is chalking up a bid to buy into Flipkart. The deal can give the top ranked Fortune 500 company access to India’s growing digital consumer base, that rival Amazon already has its claws in.
