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Billionaires adding $2.7 billion a day globally
India’s richest 1% own over 40% of total wealth; During the pandemic and cost-of-living crisis years since 2020, $26 trn (63%) of all new wealth was...
PhonePe sees 138% growth in revenues, spends Rs 866 crore on
Payments and financial services platform PhonePe saw a 138 percent jump in revenues in FY22 to Rs 1,646 crore as compared to the previous financial...
Walmart lays off 200 corporate employees amid rising inflation
Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide.
US sues Walmart for facilitating money transfer scams worth $197 mn
The US Federal Trade Commission (FTC) has sued retail commerce giant Walmart for allegedly allowing its money transfer services to be used by...
PhonePe gearing up for IPO this year
Digital payment company seeks valuation of $8-10 bn; Flipkart-owned firm already raised $1.7 bn in 13 rounds
Navi appoints Meesho founder Vidit Aatrey as independent director
Sachin Bansal-led Navi has appointed Vidit Aatrey, the founder of social commerce platform Meesho, as an independent director on its board.
Walmart beats profit expectations as demand remains steady at stores
Walmart Inc beat full-year profit and US sales expectations, signaling steady demand at stores even as supply-chain issues during the holiday season...
Amazon to open algorithm-based fashion store in LA
The online retailer is making another push to grow its fashion business, announcing that it will open its first-ever apparel store this year, with a...