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Visa takes minority stake in Indian payment gateway BillDesk

The investment follows comments from finance minister Arun Jaitley last week that Visa and rival Mastercard were losing market share to domestic payments networks.

According to industry sources, Singh is expected to join Flipkart in December, and will work closely with Flipkart CEO Kalyan Krishnamurthy.
The proposal envisages selling about 5% equity stake in ONGC, 3% in IOCL and 10% in OIL. 
Myntra's private brands, or its private label business, has emerged as a differentiator and generates more than a quarter of its GMV.
The Reserve Bank of India (RBI) today cancelled certificate of registration of 65 NBFCs through two separate notifications for unspecified reasons.
"Whether demonetisation or GST, you can question the efficiency of the implementation but conceptually you cannot question it. GST is a good reform," says Puri.
The most searched products during the season were -- bike, mobile phone, smartphone, car and TV, according to the report.
In his new role, Narain will be based in Mumbai and will also be responsible for Bayer's Global Smallholder Farming initiative.
It took about 24 hours for Binny Bansal to go from Group CEO and Chairman of Flipkart to being forced to step down following allegations of personal misconduct.