Amazon to invest $1billion to aid small, medium Indian businesses

Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small and medium-sized businesses online in India and expects to export $10 billion worth of India-made goods by 2025. Bezos’ visit comes amid strident criticism from small business owners who accuse the company and Walmart’s Flipkart of unfair business practices. The… Read More Amazon to invest $1billion to aid small, medium Indian businesses

India orders anti-trust investigation of Amazon, Flipkart

India ordered an investigation of Amazon.com Inc and Walmart’s Flipkart on Monday over alleged violations of competition law in the latest setback for U.S. e-commerce giants operating in the country. The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some… Read More India orders anti-trust investigation of Amazon, Flipkart

Traders plan protests against Amazon boss Jeff Bezos during India trip

Thousands of small-scale traders in India are planning to organize protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials. Bezos will participate in an Amazon event in capital New Delhi aimed at connecting with small and medium-sized enterprises, three sources… Read More Traders plan protests against Amazon boss Jeff Bezos during India trip

Three dead following shooting at Walmart store in Oklahoma

Three people were shot at an Oklahoma Walmart on Monday, a spokeswoman for the Duncan Police Department said. She said she had no immediate information on the victims’ condition. In August, a man killed 22 people at an El Paso, Texas, Walmart and injured 26 others. He is accused of deliberately targeting Mexicans and has… Read More Three dead following shooting at Walmart store in Oklahoma

Walmart raises minimum age requirement to purchase tobacco products

Walmart Inc said on Wednesday it will raise the minimum age to purchase tobacco products to 21 across its U.S. stores starting July 1, responding to growing regulatory and political pressure to curb a surge in teenage use of e-cigarettes. It also pushed the world’s largest retailer to say it discontinue the sale of fruit-and… Read More Walmart raises minimum age requirement to purchase tobacco products

Walmart acquires online lingerie retailer Bare Necessities

Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space. Walmart last week acquired Eloquii, a fashion startup that sells plus-sized clothing. The company also tied up with comedian… Read More Walmart acquires online lingerie retailer Bare Necessities

Walmart to partner with MGM for content creation on on-demand video service Vudu 

Walmart Inc said on Monday it will partner with U.S. movie studio Metro Goldwyn Mayer to create content for its Vudu video-on-demand service, which the retailer bought eight years ago. Walmart has been trying to prop up Vudu’s monthly viewership that remains well below that of competitors like Netflix Inc and Hulu LLC, which is… Read More Walmart to partner with MGM for content creation on on-demand video service Vudu 

Walmart tests delivery of grocery by independent drivers

Walmart Inc is testing whether independent drivers could deliver its groceries as the retailer races to meet its goal of offering home delivery to more than 100 U.S. cities by the end of the year. The pilot program called Spark Delivery is similar to Amazon Flex, a service from rival Amazon.com Inc where a fleet… Read More Walmart tests delivery of grocery by independent drivers