Walmart

Sachin Bansal’s Navi raises $100M from Prosus

Indian fintech Navi has raised $100 million from investor Prosus, marking the startup’s first institutional funding since its 2018 founding by Flipkart co-founder Sachin Bansal. The deal values Navi at about $1.3 billion and is subject to customary closing conditions and regulatory approvals. Navi is reportedly preparing for an IPO to raise roughly ₹30 billion (~$314 million). For the fiscal year ended March 2026, the company reported revenue of ₹30.91 billion and a net loss of ₹4.66 billion; its lending arm Navi Finserv holds more than ₹130 billion in AUM. Navi’s app is the fourth-largest UPI app in India and processed over 947 million transactions in July per NPCI data. The company says it reached consolidated profitability in Q4 of fiscal 2026.

Target earnings, Canada tariffs, American Airlines screens

CNBC’s Morning Squawk highlights market-moving items on Aug. 19, 2026: Moderna shares jumped as much as 100% after a personalized cancer vaccine developed with Merck showed positive late-stage results. Global bond yields have spiked, pressuring stocks and mortgage rates ahead of Fed minutes and the Jackson Hole conference. Retailers saw tariff refunds boost earnings: Target said refunds added $752 million to Q2 net earnings and raised its full-year outlook; Lowe’s credited an 11-cent EPS lift but gave a tepid outlook and missed revenue expectations. President Trump paused planned 50% tariffs on certain Canadian goods for three days pending final documents. American Airlines announced plans to add seatback screens to most narrow-body aircraft starting in 2028. Auto dealers are emphasizing parts and services as new-vehicle sales soften.

Walmart installs Symbotic SymMicro in-store system

Symbotic has begun installing its first SymMicro e‑commerce fulfillment system in the back of a Walmart store, progressing the 2025 commercial arrangement between the two companies. Symbotic CEO Richard Cohen said the system should "come to life" in about six months and that a second site will follow; he declined to disclose the store location. The SymMicro uses autonomous mobile robots (SymBots) to retrieve totes and deliver them to pick stations, supports about 550 picks per hour per station, and is being initially "overbuilt" before being redesigned to smaller, more efficient versions. The deployment is part of a broader deal in which Symbotic acquired Walmart's advanced systems and robotics business and Walmart made a contingent promise to purchase 400 automated systems.