Walmart

Symbotic set to take over Walmart’s robotics business

Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer’s automation business. Symbotic is paying $200 million in cash for the program, plus up to $350 million in “additional contingent consideration,” depending on how the deal shakes out. The relationship is more partnership than straight acquisition, […]

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India again delays rules to break PhonePe-Google Pay duopoly

India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual

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Walmart completes $2.3B acquisition of Vizio to help grow its ad business

Walmart just closed its acquisition of popular television maker Vizio in an effort to boost its advertising business. The acquisition was initially reported back in February; however, it took a few months to complete due to the waiting period under federal regulations.  The all-cash deal is valued at $2.3 billion.  With this strategic move, Walmart

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India weighs easing market share limits for UPI payment operators

The governing body overseeing India’s popular UPI payments rail is considering easing its proposed market share cap for operators like Google Pay, PhonePe and Paytm as it struggles to enforce limitations, two people familiar with the matter told TechCrunch. National Payments Corporation of India (NPCI), which reports to India’s central bank, is considering increasing the

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Amazon and Flipkart violated competition laws in India, report says

Indian antitrust regulator has found that Amazon and Flipkart, owned by Walmart, violated local competition laws, according to a report. The finding presents a new challenge for the e-commerce giants in a market where online retail growth remains modest at under 15% and quick-commerce is increasingly snatching business from Amazon India and Flipkart. The Competition

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Flipkart launches payments app, Super.money, in fintech push

Indian e-commerce giant Flipkart has quietly started rolling out its own payments app, dubbed Super.money, as it broadens its fintech ambitions more than a year and half after separating from PhonePe.  The Walmart-owned firm’s new app, now live in beta on Play Store, allows users to make mobile payments via UPI, an interoperable network that

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