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The Latest Breaking News from Flipkart

Groww investors reap bumper returns; Lightspeed’s India rethink

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Groww investors make bank; Mobikwik, Fractal's Q4 profits surge

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.

The Economic Times

West Bengal tax body rejects Flipkart’s GST exemption model for delivery charges

Flipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal Appellate Authority. The ruling found Flipkart's model to be a 'legal fiction,' not a genuine GTA service, emphasizing its organized logistics operations.

The Economic Times

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ETtech In-depth: Amazon’s quick commerce blitz rattles Blinkit’s playbook

Amazon's aggressive 10-minute delivery push is intensifying competition in India's quick commerce market, putting pressure on leader Blinkit. While Blinkit previously focused on premium customers, it's now recalibrating strategy amid rising competition. Amazon leverages its Prime membership for speed and selection, aiming to capture the same urban, high-frequency shopper.

The Economic Times

Walmart CEO meets PM Modi, signals deeper India investment

Walmart CEO John Furner met with Indian Prime Minister Narendra Modi. The meeting focused on India's economic growth and investment opportunities. Walmart has sourced $40 billion in goods from India. The company is expanding its digital commerce and payments sectors. Flipkart and PhonePe are planning public listings in India. Walmart…

The Economic Times

Is Walmart Stock a Buy Ahead of Q4 Earnings on Feb. 19?

With continued strength in e-commerce, expanding advertising revenue, and increased membership fee income, Walmart could deliver solid growth in Q4.

Barchart

Flipkart delivery worker changes statement on rescue effort to save Noida techie

Moninder, a Flipkart delivery worker who attempted to rescue 26-year-old techie Yuvraj Mehta, has changed his statement on what transpired the night Yuvraj drowned in a water-filled pit at a construction site in Noida’s Sector 150. Yuvraj died after his car crashed through a compromised boundary wall and plunged into…

Newslaundry

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Why Everyone Is Talking About Flipkart’s iPhone 17 Deal Right Now

Just before Republic Day, Flipkart surprised shoppers by reducing the price of the iPhone 17. This sudden drop quickly caught public attention, leading to increased searches, shares, and discussions across platforms. Based on past sales experience and market trends, such discounts on Apple products are rare and highly trusted when…

MyLifeXP

Why India is asking its super-fast delivery services to slow down

Quick-commerce companies start removing ‘10-minute delivery’ promises after labour ministry raises worker safety concerns

The Independent UK

Walmart Q3 Earnings: High & Middle Income Consumers Benefit, Inflation In 1% Range, Raises Outlook

Walmart Inc. (NYSE:WMT) just rolled out a powerhouse quarter, beating Wall Street profit expectations premarket on Thursday.

Benzinga

5 Tech Entrepreneurs Who Built Fortunes From Modest Online Startups

You don’t need millions, fancy offices, or instant fame to build something big in tech. Several entrepreneurs have started with humble online projects—sometimes just ideas, sweat equity, or basic tools—and turned them into highly successful companies. For anyone wondering whether to take that first step, these stories offer hope, lessons,…

Plunged in Debt

Indian government sends notices to online retailers for selling Pakistan flags days after military standoff

Traders’ body say sale poses ‘potential threat to our internal harmony and security’

The Independent UK

Nothing's next phone could be a budget powerhouse, thanks to this confirmed hardware detail

Official details reveal more about the next phone coming from Nothing.

Nothing Phone (3) launch date revealed, along with a glimpse at its camera

Nothing has announced the date it'll launch its next flagship phone, thought to be the Nothing Phone (3)

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International Business Times UK

Nvidia Says 'India Will Export AI' As Company Launches Hindi Model With Reliance, Tata, And Flipkart

Nvidia is expanding its AI initiatives in India with a new Hindi language model and partnerships with top companies like Reliance, marking a strategic shift to establish India as a major AI exporter.

Dynamite News

Lucknow: Delivery boy murdered for an iPhone

In the capital Lucknow's Chinhat police station area, a Flipkart delivery boy was murdered for an iPhone. Read further on Dynamite News:

Dynamite News

Delivery boy murdered for an iPhone in Lucknow; Body stuffed, dumped

During interrogation the arrested accused confessed that he and his friend Gajanan had murdered delivery boy Bharat Kumar and then dumped his body in the canal. Read further on Dynamite News:

International Business Times UK

Billionaire Bill Gates' Trust Sells Microsoft, Buffett's Berkshire Hathaway in Q1, Walmart Stake Increases by 200%

The Bill and Melinda Gates Foundation recently revealed selling millions of shares of Microsoft and Berkshire Hathaway in Q1, coinciding with Melinda Gates' resignation as co-chair of the trust.

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news in one place.

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Android Central

New listing teases Vivo X Fold 3 Pro debut in India

Vivo recently launched X Fold 3 and X Fold 3 Pro phones in China, and the latter is venturing into the Indian market this year.

The Hindu

Flipkart opens grocery warehouse

Flipkart, an e-commerce marketplace, has launched its new grocery fulfillment center in Hubli, Karnataka, furthering its commitment to offering next-day grocery deliveries to consumers.

Android Central

Motorola Edge 50 Pro with Snapdragon 7 Gen 3 is launching early next month

Motorola is gearing up to launch its next mid-range phone in India on April 3. It packs a host of impressive specs for its segment.

Android Central

The Motorola Edge 50 Pro could make its debut in early April

It seems like the Motorola Edge 50 Pro launch is right around the corner now.

TechRadar

Motorola's new Edge 50 Pro bares all in latest leak, revealing specs and features

Claiming to have the world’s first Pantone validated display, the Edge 50 Pro can show off colors and skin tones accurately.

International Business Times

Indian Foodtech Startup Swiggy To Cut 6% Of Staff Ahead Of Planned IPO

Swiggy is planning an IPO later in 2024, and it is looking to reduce cash burn from its Instamart grocery unit so it can present the "best possible numbers" when it goes public.

The Hindu

Online sale of Kerala Agricultural University publications launched

KAU publications will now be available through e-commerce platforms Amazon and Flipkart.

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