At an investor conference, Walmart’s Chief Financial Officer, John David Rainey has said that Walmart’s Flipkart marketplace and PhonePe payments business in India has the potential to become USD 100 billion businesses due to their strong growth. While specific sales figures for Flipkart and PhonePe are not disclosed by Walmart, the company has emphasised the […]
Unicommerce, an ecommerce enablement SaaS platform has reported a 200 per cent year-on-year (YoY) growth in its international business during the financial year (FY) 2023 with gains coming from its operations in the Middle East and Southeast Asia. The platform has achieved an annual run rate of 5 million transactions annually with more than 35 […]
Daikin Airconditioning India plans to become a USD 2 billion firm in the next three years, having passed the USD 1 billion mark in FY23, according to Chairman and Managing Director Kanwaljeet Jawa. For the fiscal year ending 31 March 2023, Daikin India had a revenue of Rs 8,860 crore. According to Jawa, the corporation […]
Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc’s portfolio. “Apple is different than the other businesses we own. It just happens to be a better business,” said Buffett during Berkshire’s annual meeting in Omaha, Nebraska. Berkshire revealed a USD 1 billion stake in Apple […]
Businesses are striving to enhance customer experience by providing an omnichannel experience. The traditional ‘brick and mortar’ model of business is again in play. However, before diving into this trend, businesses must carefully look at certain factors. “We want to be available for consumers, both online and offline. At present, the trend shows higher growth […]
China has approved 27 foreign video games, including titles to be released by Tencent, NetEase and Bilibili, as it gradually reopens the world’s largest mobile entertainment market to international titles, CNN Business reported. It was the second batch of foreign games to be allowed to enter the Chinese market since December. The latest titles include […]
Zomato, a food-delivery and restaurant discovery network, announced its withdrawal from around 225 smaller cities last month in its December quarter results report. “Recently, in the month of January, we have exited around 225 smaller cities which contributed 0.3 per cent of our GOV (gross order value) in Q3FY23 (October-December),” Zomato chief financial officer Akshant […]
