Rajneesh Kumar | Pixr8 News

Walmart Plans to Offer 30,000 Jobs in Uttar Pradesh

28Jul By Gauri SinghNo Comments

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Walmart Plans to Offer 30,000 Jobs in Uttar Pradesh

The multinational retail corporation Walmart is seeing Uttar Pradesh as a major source of recruitment. The company is seeking to offer at least 30,000 local jobs by setting up 15 stores in the state. Walmart India at present operates four Cash and Carry stores in UP and had recently launched a fulfillment center (FC) in Lucknow, which offered 1,500 fresh skilled jobs. "Each store is likely to create 2,000 direct and indirect jobs, thereby generating at least 30,000 local jobs in the state," said Rajneesh Kumar, Chief Corporate Affairs Officer who represented Walmart India in the Investment Summit. Earlier this year, during the UP Investment Summit, Walmart India signed a memorandum of understanding (MoU) with the state government to launch 15 wholesale Cash and Carry stores. According...

Indian Public Sector Bank Modify Investment Rules for Fintech Startups

India's largest public sector bank, State Bank of India (SBI) which has failed to invest in fintech startups despite earmarking funds, is now gearing up to modify rules that can kickstart the infusion, as reported a top company official. The bank which has designated Rs 50 crore to invest in fintech startups is now going to modify rules to plough in more money that can favour the growth of more companies like online retailer Flipkart and ride-sharing app Ola, which define the country's dexterity. Rajneesh Kumar, Chairman at SBI said over an event, We are a public institution and investments in startups are generally considered very risky. We understand that traditional way of investing will not work. Kumar has informed that bank already has a board-approved policy that promotes fin...

Walmart India To Scale up Kirana Store Business post Flipkart Deal

US-based giant, Walmart is gearing up to scale its "Mera Kirana Programme" and make it part of its main business in India while opening up new fulfilment centre to expand its foothold in the country. Notably, the e-retailer has been piloting the Mera Kirana Programme from last four years and now wants to include it in its mainstream business. The programme helps small grocery stores modernise. Moreover, as per the sources, the company is also looking forward to opening a "dark store" or warehouse, in Lucknow over the next month or so. Mera Kirana is focused on creating zones in the Best Price Wholesale stores which resemble a modern kirana store. It is a kind of model for mom-and-pop (kirana) store owners to replicate when it comes to assortment and placement. Rajneesh Kumar, Chie...