Reliance Industries, headed by the Indian Billionaire Mukesh Ambani, has jumped 10 places to break into the world’s top 100 companies on the Fortune Global 500 list. Reliance is ranked 96th in the 2020 ranking released by Fortune. This is the highest any Indian company has been ranked on the Fortune Global 500 list. Background ..
Walmart: GK, General Studies and Current Affairs
Walmart-owned Flipkart has stated that it supports over six lakhs artisans, craftsmen and weavers in the country through its Samarth Program and it is also working on onboarding more such sellers to the said platform. Launched last year, Samarth platform is a partnership of the e-commerce giant with five NGOs to help the artisans use ..
The poster-boy of the Indian startup ecosystem, Flipkart has decided to enter the hyperlocal space with delivery service within 90 minutes. The new entity, to be known as Flipkart Quick, will be different from the existing players in this arena since it will also serve mobile phones and stationery items apart from the groceries, already ..
The Indian arm of then US-based retailer Walmart recently announced the appointment of Sameer Aggarwal as the Chief executive officer of its Best Price Modern Wholesale stores in India. Sameer Aggarwal is promoted as CEO and will replace Krish Iyer, who is to retire from the top post. Krish Iyer will continue to serve as ..
E-Commerce major Flipkart recently shut down its Jabong- lifestyle and fashion e-commerce portal. The users are being redirected to the website of its another fashion company, Myntra. Flipkart, which is now owned by Walmart, had acquired Jabong for $70 million four years back. As there was a dip in number of app downloads and its ..