walmart

Sam Walton built walmart not from an office, but by tirelessly visiting competitor stores, gathering insights on operations and pricing. He wasn't the first with the discount idea, but his relentless observation and learning from the ground up allowed him to develop a replicable, disciplined system. This hands-on approach, not a secret algorithm, fueled walmart's rise in a competitive market.

Millions of Thermos food and beverage containers are being recalled due to a dangerous defect. The stopper can forcefully eject, causing serious injury. Three individuals have suffered permanent blindness, with 27 other reports of impact and laceration injuries. Consumers should immediately stop using these products and contact Thermos for a free replacement.

Amazon faces serious allegations in California. New court filings reveal the e-commerce giant allegedly pressured major brands like Levi's and Hanes. The company reportedly asked these brands to raise prices on rival websites. This action aimed to prevent lower prices elsewhere and maintain Amazon's market position.

A consortium led by Lakshmi Mittal, Aditya Mittal, and Adar Poonawalla has acquired the IPL franchise Rajasthan Royals and its sister entities for approximately $1.65 billion. The deal, expected to conclude in Q3 2026, will see the Mittal family hold a majority stake. This acquisition follows a previous attempt by a Kal Somani-led consortium that faced funding and regulatory hurdles.

New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India's IPO market navigates global volatility.

Global conflict in Iran is unexpectedly impacting your wardrobe. A brewing supply chain crisis in Asia, driven by surging oil prices due to disrupted shipping routes, is forcing textile manufacturers to cut production.

American businesses are set to receive billions in refunds for unconstitutional tariffs imposed by former President Trump. The US Customs and Border Protection is launching an online portal this week for importers to file claims, with refunds expected within 60-90 days.

OpenAI's ChatGPT now features a beta integration with Starbucks, allowing users to discover and customize drinks through conversational prompts. This move aims to meet customers' "feeling-based" inspiration and simplify the ordering process. The feature, part of Starbucks' "Back to Starbucks" strategy, directs final orders to the company's own apps to maintain loyalty program functionality.

Grocery giant Albertsons is significantly cutting back its physical stores and workforce nationwide following the collapse of its proposed merger with Kroger. Facing intense competition, the company has already closed around 20 locations this year, with more slated for closure across various states. This restructuring aims to streamline operations and adapt to market pressures.

walmart is facing customer backlash over its new AI-powered pricing system, which uses algorithms to forecast demand and recommend prices. Shoppers express concerns about potential price fluctuations and exploitative practices, despite walmart stating the patents are unrelated to dynamic pricing and that store pricing remains consistent.

The ISB Online Leadership with AI Programme equips senior leaders to navigate digital disruption by harnessing Generative and Agentic AI for innovation, decision-making, and transformation. Designed for experienced professionals, it blends expert-led masterclasses, hands-on AI tools, global case studies, and a capstone project to build AI-ready leadership skills.

Two prominent CEOs, from Coca-Cola and walmart, have cited the rise of AI as a factor in their decisions to step down. Both leaders indicated that the evolving business landscape, driven by AI, necessitates new leadership for future growth phases. Their departures highlight a significant technological shift impacting executive decision-making at major corporations.

walmart's initial integration with OpenAI for in-chat shopping via ChatGPT yielded lower sales compared to traditional methods, with conversion rates three times lower. The company is now shifting to a new model, introducing its own chatbot, Sparky, within ChatGPT to allow for multi-item carts and a more unified shopping experience across platforms.

Satyan Gajwani is part of the consortium comprising Aditya Birla Group, Times Group, David Blitzer's Bolt Group and American Private Equity firm Blackstone, which bought a 100 percent stake in RCB for $1.78 billion (Rs 16,600 crore).

The sale of Rajasthan Royals marks a potential turning point for the franchise, long associated with controversy and speculation around Lalit Modi. While the former IPL commissioner has denied any links, rumours persisted for years. With a new ownership group led by Kal Somani, the Royals now have a chance to move past their turbulent past and redefine their identity.

US entrepreneur Kal Somani, backed by the Walton and Hamp families, has secured ownership of the Rajasthan Royals franchise for $1.63 billion. This significant acquisition marks a new chapter for the IPL team.