BENGALURU: Walmart’s Flipkart said on Tuesday it would create 70,000 new jobs and employ many more as delivery partners and in other roles as it prepares for a surge in online shopping during the busy Indian festive season.
Flipkart, Amazon.com’s Indian unit and Reliance Industries’ fledgling e-commerce business are vying for a share of the booming online retail market, which received a big boost from the COVID-19 pandemic as more Indians used their smartphones to shop for groceries and other items.
Flipkart’s “Big Billion Days,” styled on the lines of Amazon’s Prime Day, rakes in its biggest sales for the year. The four- or five-day long sale usually starts around October to tap India’s festive season, which ends with Diwali.
The company said it would also sign up more than 50,000 kiranas, or small grocery stores, for last-mile delivery.
“While creating direct job opportunities across Flipkart’s supply chain, that include delivery executives, pickers, packers and sorters, there will also be additional indirect jobs created at Flipkart’s seller partner locations and (local corner stores),” the company said in an emailed statement.
Earlier this month, the e-commerce company launched an online wholesale service, Flipkart Wholesale, for mom-and-pop stores and other small businesses.
Walmart’s Flipkart to hire 70,000 in India ahead of big shopping event
https://arab.news/j5s3d
Walmart’s Flipkart to hire 70,000 in India ahead of big shopping event
- Flipkart’s ‘Big Billion Days’, styled on the lines of Amazon’s Prime Day, rakes in its biggest sales for the year
- Company would also sign up more than 50,000 kiranas, or small grocery stores, for last-mile delivery
Closing Bell: Saudi main index closes in red at 10,847
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.
The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.
The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.
The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.
The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.
Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.
On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.
Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.
On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.
In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.
