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Walmart News

Walmart to pay over $282 mn for violating anti-corruption regulations in four countries

According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart's third-party intermediaries who made payments to foreign government officials without reasonable assurances that they complied with the FCPA.

Walmart faces major India test over unit Flipkart's legal spat with GOQii

An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.

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Walmart says higher China tariffs will increase prices for US shoppers

Bentonville, Arkansas-based Walmart called out the impact of tariffs on consumers after Macy's Inc delivered a similar warning on Wednesday

Walmart responds to Bezos with tweet asking Amazon to pay taxes

Some critics have said the hike was insufficient and note that Amazon paid zero U.S. federal income tax on more than $11 billion in profits before taxes in 2018, and received a $129 million tax rebate from the federal government.

Walmart unveils voice-activated, Google-powered grocery shopping

Beginning this month, Walmart shoppers can add items directly to their online shopping carts by saying “Hey Google, talk to Walmart.” Information from prior purchases will help identify the correct brand and size.

Was prepared to face regulatory changes: Walmart

Brett Biggs, CFO and executive V-P, Walmart, said in a conference call on March 5 that the company knew there would be “legislation changes” and it will have to make its way through it.

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Problems for entrepreneurs are same everywhere, says Binny Bansal after Walmart ouster

Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy.

Walmart, Amazon scrambling to comply with India's new e-commerce rules

Traders and rivals say companies such as Amazon and Flipkart have been violating the spirit of these rules by creating proxy sellers or vendors in which they have direct or indirect stakes, allowing firms to give deep discounts that upset off-line trade.

Amazon and Walmart team up to fight new Indian E-Commerce Rules

The newly tightened regulations threaten to pinch Amazon and Walmart’s Flipkart in one of the world’s fastest growing online commerce arenas, where both have invested billions of dollars.

Walmart India names Sameer Aggarwal as chief business officer; Devendra Chawla quits as COO

Aggarwal will now lead strategy, merchandising, cost analytics, e-commerce, technology, marketing and replenishment, Walmart India said.

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