E-PaperDoug Mcmillon News
Walmart’s CEO: ‘We are not as diverse as we want to be’
Walmart Inc. has been working on becoming more diverse, but still has work to do, according to Chief Executive Officer Doug McMillon.
1 min read14 Jul 2020Walmart CEO writes to PM, seeks open, stable biz environment
Doug McMillon, in the letter, also raises data privacy and localisation requirementTraders body CAIT terms the Walmart CEO’s letter as ‘a pressure tactics’
4 min read22 Oct 2019Walmart upbeat on outlook as sales global growth continues
Walmart has been buffeted by investments and sell-offs as it tries to position the chain to compete in the changing and competitive retail and ecommerce sector
2 min read15 Nov 2018Flipkart acquisition may impact Walmart income FY 19, 20
The US retail giant had last month said it completed the acquisition of 77% stake in Flipkart Group, an Indian-based e-commerce marketplace, for approximately $16 Billion
1 min read9 Sep 2018Walmart partners with Microsoft for cloud solutions
Walmart will tap into the full range of Microsoft's cloud solutions for enterprise-wide use to help standardise across the company's family of brands
1 min read17 Jul 2018Flipkart’s ecosystem is true advantage, says Walmart’s Judith McKenna
Judith McKenna, executive VP, president and CEO of Walmart International, explains that while Flipkart's general merchandise site is by far the biggest part of the business, there are other growing businesses like Myntra and Jabong as well
2 min read10 Jun 2018Walmart expects to close Flipkart deal by the end of 2018
According to a regulatory filing with the US SEC, Walmart said the ongoing operations of Flipkart are expected to impact the US company's income negatively
1 min read5 Jun 2018Flipkart deal may negatively impact EPS by $0.25-0.30: Walmart
Walmart says its investment in Flipkart is expected to negatively impact fiscal year 2019 EPS by approximately $0.25 to $0.30 if the transaction closes at the end of the second quarter
1 min read17 May 2018Walmart to comply with tax rule on India Flipkart deal, CEO Doug McMillon says
Walmart CEO Doug McMillon says the US retail giant will comply with any tax demand arising from its purchase of a stake in India's e-commerce leader Flipkart
1 min read10 May 2018After Flipkart deal, Walmart to open 50 new stores in India in 4-5 years
Walmart currently has 21 stores and plan to open 50 more stores in 4 to 5 years, CEO Krish Iyer said
1 min read10 May 2018Popular Topics
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