Walmart, the multinational retail corporation, is strengthening its tech presence in India by acquiring a new office in Chennai. This strategic move reflects the growing importance of the Indian tech market and Walmart's commitment to innovation and growth.
WalmartChennaiIndiaTech HubEcommerceReal Estate PuneApr 17, 2025
Walmart is expanding its tech presence in India to leverage the country's skilled talent pool, robust tech infrastructure, and growing market. This move supports the company's global strategy to enhance innovation and operational efficiency.
Walmart's new office in Chennai is intended to support existing operations, develop new technologies, and enhance digital capabilities. It will focus on areas like e-commerce, supply chain management, and data analytics.
Chennai is emerging as a key tech hub alongside cities like Bengaluru, Hyderabad, and Pune. It offers a skilled workforce, robust infrastructure, and a growing number of tech companies and startups.
Walmart's strategy for tech innovation in India includes investing in areas like artificial intelligence, machine learning, and advanced data analytics. The company is also exploring partnerships with local startups and academic institutions.
Walmart's new office in Chennai is expected to boost the local economy by creating new job opportunities and fostering a stronger tech ecosystem. The company's presence will attract more tech talent and potentially other tech companies to the city.
Raymond announces demerger of real estate business, creating a separate listed entity, Raymond Realty, to unlock shareholder value and drive growth.
Global Health, operator of Medanta hospitals, is set to build a 500-bed super specialty hospital in Mumbai with an investment of ₹1,200 crore. The project, funded equally by debt and internal accruals, will be completed in 3-4 years.
Mumbai and Delhi NCR emerge as top hotspots for Small and Medium Real Estate Investment Trusts (SM REIT) investment
The COVID-19 pandemic has had a lasting impact on India's residential real estate market, leading to improved affordability and sustained demand for homes.
The Maharashtra Real Estate Regulatory Authority has made it mandatory for developers to open three separate bank accounts for each project, ensuring financial discipline and transparency in the real estate sector.
In a significant development, the Gujarat Real Estate Authority (GUJRERA) has ordered a Noida-based developer to refund due amounts to two allottees of the World Trade Centre towers at GIFT City, Gandhinagar.