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Stock impact report

Amazon and Flipkart caught breaching quality control rules in India [Yahoo! Finance]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Yahoo! Finance
This came to light during targeted raids on warehouses in the Tiruvallur district in the Indian state of Tamil Nadu, where authorities discovered products lacking the mandatory BIS certification mark. The government-led inspection revealed that both Amazon and Flipkart had been harbouring, offering for sale and showcasing goods devoid of the BIS hallmark, which it states is a clear infringement of the established norms. As reported by Reuters referencing a government communique, 3,376 uncertified items including thermoses, food storage containers, toys and ceiling fans were found in Amazon's facility. Flipkart's storage site yielded non-compliant items such as diapers, thermal casseroles and stainless steel water flasks. The BIS stated on X: "By seizing these substandard items, BIS ensures that only products meeting safety standards are sold to consumers, thereby protecting them from substandard goods." Amazon India's spokesperson has responded, stating that the company mai Show less Read more
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