Walmart

The Income Tax Department has initiated a review of the landmark Flipkart-Walmart transaction, following Tiger Global’s partial exit from the e-commerce giant. Authorities will examine the capital gains and tax implications arising from the secondary share sale, amid concerns about valuation adjustments and cross-border fund flows. The assessment reflects India’s tightening focus on transparency and compliance in high-value private equity exits.

Walmart’s international division delivered a strong third quarter, supported largely by accelerated growth at Flipkart during its Big Billion Days (BBD) sale. The event, held earlier than usual this year, fueled higher transaction volumes, stronger marketplace activity, and a surge in advertising revenue. International net sales rose to US$33.5 billion, reflecting double-digit expansion.

Walmart Inc. reported robust earnings for the second quarter of FY26, driven largely by strong contributions from its international portfolio, particularly Flipkart in India and its operations in China. The U.S. retail giant posted higher revenues as e-commerce and omnichannel strategies continued to gain traction across emerging markets. Analysts note that Walmart’s ability to leverage its scale, digital ecosystem, and localized strategies has positioned it favorably in regions with expanding consumer demand.

A violent stabbing spree at a Walmart in Michigan has left at least 11 individuals injured, including six in critical condition, igniting fresh concerns over public safety in retail environments. The incident, which unfolded during business hours, sent shoppers and staff into panic as the attacker moved swiftly through the store before being subdued. Authorities have taken the suspect into custody, and an active investigation is underway to determine the motive behind the attack.

Global retail titan Walmart is intensifying its commitment to India, aiming to source goods worth USD 10 billion annually by 2027. CEO Doug McMillon, during his India visit, reaffirmed the company’s dedication to expanding exports from India across diverse product categories such as apparel, food, and toys. With over USD 30 billion in exports from India in the past two decades, Walmart is now focusing on inclusive growth through its Vriddhi program, which has trained over 70,000 MSMEs.