"Flipkart continues to leverage its culture of innovation to accelerate growth and enable millions of customers, sellers, merchants and small businesses to prosper and be a part of India's digital transformation," said Judith McKenna, President and CEO of Walmart International. … [Read more...] about Walmart to pump in $1.2 billion into Flipkart amid potential competition from JioMart
Yes Bank has been backed by marquee institutions – SBI, HDFC, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, Bandhan Bank and IDFC First Bank – which have invested Rs 10,000 crore in the bank through a reconstruction scheme in March. … [Read more...] about Yes Bank garners Rs 4,098 crore from anchor investors ahead of FPO, Bay Tree invests Rs 2,250 crore
The COVID-19 pandemic not only disrupted launch schedules of new cars but also the production plans of manufacturers. Since then, through trial-and-error methods, carmakers are looking to get back on their feet. From zero sales in April, the industry made a noteworthy jump in sales in June. But how much of the gain comes from actual retail demand? In today’s auto wrap of the week, we take a look at this aspect. But first here is a detailed look at what made headlines in the auto space this week. … [Read more...] about This week in Auto: Has real demand picked up?
In the new experiment, however, a horizontal swiping motion will lead to the user exiting that particular story, instead of going to the next story. Snapchat confirmed with TechCrunch that the test is focused on content that’s published publicly to Snapchat Discover, not your friends’ private Stories. … [Read more...] about Snapchat confirms testing TikTok-like navigation within the app for content discovery
In his web presentation announcing the investment, Google’s India-born chief executive Sundar Pichai said he plans to pump in $10 billion “through a mix of equity investment, partnership, and operational, infrastructure and ecosystem investments.” Google is to focus on four areas — affordable Internet access in Indian languages, development of unique products and services for the Indian market, enable digital transformation for businesses, and leverage technologies including AI for social good in areas such as education, healthcare and agriculture. … [Read more...] about The road ahead for Google’s $10-billion India Digitisation Fund