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Walmart News

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.

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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.

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.

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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.

Post Walmart-flipkart deal: I-T seeks details of gains from Sachin, Binny Bansal

Both the Flipkart founders will be required to pay advance tax on the assessed income from the deal with US retail chain Walmart, out of which about 75 per cent has to be deposited by December 15 and rest by March 15 next year.

Tax dept seeks details of income earned by Flipkart's Sachin, Binny Bansal from Walmart deal

In August this year, Walmart bought 77 per cent stake for USD 16 billion in Flipkart after buying out shareholding of as many as 44 shareholders.

How Walmart decided to oust an icon of India's tech industry

In its announcement, Walmart said it had initiated an independent investigation into an allegation of “serious personal misconduct.” The probe didn’t uncover evidence to support the charge.

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