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Team YS ( ) Hello,‘Tis the season of depreciation.US-based investment management firm has slashed cab-hailing company Ola’s valuation by 35%, from $7.4...

Walmart reiterates annual export goal of $10B from India by 2027

Thimmaya Poojary ( ) Global retailer Walmart has reiterated its commitment to source goods worth $10 billion from India annually by 2027....

Worldwide IT spending to grow 5.5% and total $4.6T in 2023, says Gartner

Team EnterpriseStory ( ) Global IT spending to touch $4.6 trillion in 2023: GartnerWorldwide IT spending is projected to total $4.6 trillion...

PhonePe launches hyperlocal shopping app, Pincode

Naina Sood ( ) Making its much-awaited entry into online commerce, digital payments company PhonePe has launched a dedicated hyperlocal consumer app...

Walmart Foundation to support 1M small farmers in India, announces $3.53M grants

Press Trust of India ( ) Walmart Foundation plans to support an additional 1 million smallholder farmers in India, including at least...

PhonePe raises $200M from Walmart; Univest secures $1.5M in seed funding

Team YS ( ) PhonePe raises $200M in additional funding from WalmartPayment and financial services unicorn PhonePe has raised an additional $200...

PhonePe raises $200M in additional funding from Walmart

Trisha Medhi ( ) Payment and financial services unicorn PhonePe has raised an additional $200 million in primary funding from Walmart at...

Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs

Recent rounds of layoffs at large U.S. companies mark a departure from the usual pattern as executives navigate fears of an...

Some Retailers Are Learning to Love Bulked-Up Inventories

While many retailers are discounting, canceling orders and otherwise scrambling to get rid of a glut of goods filling their stores...

Kroger, Albertsons Expected to Defend Grocery Merger at Senate Hearing

Chief executives of the two largest U.S. supermarket chains are set to testify Tuesday at a Senate subcommittee hearing, where they...

Black Friday Lured Shoppers Back, in Early Test for Holiday Spending

Americans returned to their prepandemic habits on Black Friday as they spent more time and money in stores than last year,...

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