&amp;ldquo;Congratulations @sachinbansal @binnybansal! This has been an incredible journey for you guys and has inspired many entrepreneurs&amp;rdquo;

Incredible journey for Bansals: Kunal Bahl

&amp;ldquo;Sachin &amp; Binny continue to make India proud with their audacious achievements! Cheers to everyone at Flipkart. Chapter 2 begins&amp;rdquo;

Chapter 2 begins for Flipkart: Vijay Shankar Sharma

&amp;ldquo;Huge endorsement for India&amp;rsquo;s first e-tailing company. Capital- intensive business that needs deep pockets which Walmart has&amp;rdquo;

Huge endorsement for Flipkart: Kiran Mazumdar-Shaw

&amp;ldquo;The Flipkart-Walmart deal is set to change the competitive landscape of Indian e-commerce&amp;rdquo;

Deal will change competitive landscape: Rohan Bhargava

Walmart buys 77% stake in Flipkart for $16 billion, making it the world's biggest e-commerce deal. Here are comments from industry biggies

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			Kunal Bahl, Founder, Snapdeal</div>
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				&ldquo;Congratulations @sachinbansal @binnybansal! This has been an incredible journey for you guys and has inspired many entrepreneurs&rdquo;</p>
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			Chapter 2 begins for Flipkart: Vijay Shankar Sharma</h2>
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			Vijay Shekhar Sharma, Founder, Paytm</div>
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			<p>
				&ldquo;Sachin & Binny continue to make India proud with their audacious achievements! Cheers to everyone at Flipkart. Chapter 2 begins&rdquo;</p>
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			Huge endorsement for Flipkart: Kiran Mazumdar-Shaw</h2>
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			Kiran Mazumdar-Shaw, CMD, Biocon</div>
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			<p>
				&ldquo;Huge endorsement for India&rsquo;s first e-tailing company. Capital- intensive business that needs deep pockets which Walmart has&rdquo;</p>
		</div>
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			Deal will change competitive landscape: Rohan Bhargava</h2>
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			Rohan Bhargava, Co-founder, CashKaro.com</div>
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				&ldquo;The Flipkart-Walmart deal is set to change the competitive landscape of Indian e-commerce&rdquo;</p>
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</div>
&nbsp;&nbsp;

What the industry biggies had to say about $16-bn Walmart-Flipkart deal

Business Standard

What the industry biggies had to say about $16-bn Walmart-Flipkart deal | Company News - Business Standard

Quick commerce firm Zepto has marginally brought down its losses to Rs 1,248.6 crore in 2023-24 from Rs 1,272.4 crore in 202223 , as per data shared by Tofler.
The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal.
Zepto co-founder Aadit Palicha took to LinkedIn to share the results.
"Zepto reduced its absolute losses, with PAT (profit after tax) as a percentage of revenue improving significantly from -63 per cent in FY23 to -28 per cent in FY24," he wrote.
Palicha expressed optimism about continuing this momentum towards profitability and said the company is on track for a profit after tax (PAT) in the near future.
"Despite being only 3 years old, we were able to successfully close a full statutory audit by a Big 4 firm with no financial qualifications and a clean CARO.  This rare achievement for a young startup is the outcome of a governance-focused culture at Zepto and early decision-making that 

The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal

State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing.
After the stake sale, LIC's holding in the state-run iron ore mining company NMDC has dropped to 5.6 per cent from 7.6 per cent earlier.
The insurer sold more than 5.91 crore shares or 2 per cent stake in NMDC through a series of market sales over a period spanning from September 2023 to December 2024, LIC said in a regulatory filing on Friday.
LIC's holding in NMDC's equity shares carrying voting rights decreased from 22,31,79,025 shares, representing 7.6 per cent of the total voting capital, to 16,40,59,791 shares, accounting for 5.6 per cent, it added.
Last month, LIC said it has sold more than 2.02 per cent stake in Tata Power for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent.
Shares of NMDC on Friday fell 2.91 per cent to close at Rs 233.70 apiece on the BSE.

The insurer sold more than 5.91 crore shares or 2 per cent stake in NMDC through a series of market sales over a period spanning from September 2023 to December 2024, LIC said in a regulatory filing

Apple is one of Broadcom's biggest customers, accounting for roughly 20 per cent of revenue

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According to sources, Prime Minister Narendra Modi will chair the conference on Saturday and Sunday, and is expected to address states' top officials

Rumours of a leak of question paper of the Bihar Public Service Commission (BPSC) preliminary examination erupted at an examination centre on Friday, prompting the commission to warn of police action against those involved in the "conspiracy".
Around 300-400 aspirants boycotted BPSC's 70th Integrated Combined Competitive Examination (CCE) 2024 held at Bapu Examination Centre at Kumhrar in Patna alleging the question paper was leaked even before the examination started.
BPSC chairman Parmar Ravi Manubhai said that examinations were held in a free and fair manner in more than 900 centres, where close to five lakh candidates appeared on Friday.
"The BPSC CCE 70th preliminary examination was held in a single shift from noon to 2 pm. The examination was held in 912 centres across the state, and of those, free and fair exams were held in 911 centres," Parmar told PTI.
"However, in one centre in Patna, some of the candidates snatched questions papers from the invigilators and stormed out

BPSC chairman Parmar Ravi Manubhai said that examinations were held in a free and fair manner in more than 900 centres, where close to five lakh candidates appeared on Friday

Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday.
The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1.
Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting.
The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog 

The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1

Call for reining in food inflation and raising investment in pre-Budget  talks

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The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

&amp;nbsp;

After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
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A landmark deal UN Climate Change Conference (COP27)

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In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
						&amp;nbsp;

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What the industry biggies had to say about $16-bn Walmart-Flipkart deal

Walmart buys 77% stake in Flipkart for $16 billion, making it the world's biggest e-commerce deal. Here are comments from industry biggies

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