Walmart-backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter. While talks are still ongoing, complexities surrounding Dunzo’s ownership structure have impeded the two parties from coming to an understanding over a deal, the report said. The retail … Read more
Walmart, forecast fiscal 2025 sales above Wall Street expectations on Tuesday and said it would buy smart TV maker Vizio (VZIO.N), for $2.3 billion. Shares in the U.S. retail giant rose 3 per cent in premarket trading after it also announced its biggest dividend increase in more than a decade. Walmart proposed to buy Vizio for … Read more
CNN — As the US attempts to wean itself off its heavy reliance on fossil fuels and shift to cleaner energy sources, many experts are eyeing a promising solution: your neighborhood big-box stores and shopping malls. The rooftops and parking lot space available at retail giants like Walmart, Target and Costco is massive. And these … Read more