Walmart, in its quarterly earnings call for the September quarter, said its international revenue increased 13% to $26.8 billion in constant-currency terms, primarily driven by double-digit growth in Flipkart and its Mexico business Walmex.
The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."
The implosion of FTX, once a darling of the crypto industry with a $32 billion valuation as of January, has spurred investigations by the US Justice Department, the Securities and Exchange Commission and Commodity Futures Trading Commission.
The Indian startup ecosystem is feeling the reverberations of the global tech turbulence wrought by inflationary pressures and high interest rates, which have pummelled technology stocks since the start of the year.
Cascading effect of FTX bankruptcy: AAX, Blockfi suspend withdrawals; Bitcoke users face withdrawal problems.
Singapore-based Sea Ltd has laid off more than 7,000 employees, or around 10% of its workforce, over the past six months, the Information reported on Monday, citing two people with knowledge of the matter.
"The lay off will focus on the e-commerce giant's devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources, according to the report, which also said the total number of layoffs remains fluid," as per media reports.
