This year's list includes 40 influential people under 40 years of age in five categories -- finance, technology, healthcare, government and politics, and media and entertainment

Walmart had brought 77 percent stake in Flipkart back in 2018 for $16 billion. Flipkart had shut down Jabong in February and has been directing all customers to Myntra ever since

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India's largest carmaker Maruti Suzuki India kickstarted the 15th edition of the biennial Auto Expo on Wednesday showcasing the concept Futuro-e electric SUV concept that will be the foundation of its electric car portfolio during the course of the decade; India and the US are set to seal a trade deal during President Donald Trump's planned visit to India in the last week of this month, multiple sources said. Trade officials of India and the US are giving final touches to the deal expected to cover specific sectors; Deaths from the new Coronavirus rose to 490 in mainland China while new cases on a Japanese cruise ship, in Hong Kong and in Thailand showed the increasing spread of the outbreak and renewed attention toward containing it. This and more news on News Blast.Also Read: Auto Expo 2020: No Chinese delegates at motor show due to coronavirus' threat

Flipkart shuts down Jabong; to concentrate on MyntraWalmart-owned Flipkart has formally shut down Jabong to concentrate on its premium fashion marketplace Myntra. Flipkart which had acquired the fashion platform around four years ago is now going to redirect Jabong's portal and its app to Myntra's shopping window.Volkswagen's Skoda targets Indian revival with tougher safety, emission rulesSkoda is hoping government moves to drag regulations for cars sold in India up to developed m...

Flipkart had bought Jabong for $70 million (in cash) in 2016 but has since been finding it difficult to work out a conclusive long-term strategy for the fashion portal

In July this year, PhonePe had received a fund infusion of about Rs 698 crore from its parent firm

Funds managed by Blackstone have invested Rs 1,750 crore in Ryka Commercial Ventures, the holding company of Future Lifestyle Fashion, through debentures

Walmart incurs $290 million impairment due to Jabong acquisition; Delhi pollution forces SBI to postpone green marathon; AGR provisioning blows Rs 23,045 crore hole in Airtel balance sheet and more news on News Blast.

Walmart incurs $290 million impairment due to Jabong acquisition; eyes robust growth from Flipkart, PhonePeWalmart took a non-cash impairment charge of$290 million for the value of the 'Jabong' trade name in the third quarter, even as the US retail giant continues to bet on the \"significant opportunity for growth\" presented by the Indian market.The Bentonville-based company logged a 2.5 per cent rise in revenue at $128 billion for the third quarter, even as its operating income ...

Walmart Inc EVP and CFO Brett Biggs said earlier this year that the company had decided to consolidate back-office functions for Myntra and Jabong (the fashion-focused platforms of Flipkart) to drive efficiencies

Citing Nielsen's E-Analytics data, Amazon had said in a release that it \"witnessed the highest share of transacting customers & purchases across all online shopping platforms in the first 5 days of the Great Indian Festival period\", which concluded on October 4.

E-commerce festive sales: Flipkart dominated the festive sales (in GMV terms) with nearly 60% standalone GMV share as compared to 51% share in 2018. Meanwhile, Amazon held a 30% market share during this year's festive sales.

Founded in November 2014 by Prashant Singh and Tushar Kumar, Medlife currently operates across 4,000 cities in 29 states across India, providing services along three verticals - pharmacy, diagnostics and e-consultation

The Affle IPO offer (a combination of fresh and OFS) summarises a fresh issue of 5,500,000 equity shares aggregating up to Rs 90 crore (Rs 900 million) (20% of the issue size) and an offer for sale of Rs 367-369 crore (80%) - by the promoter.

Sales at U.S. stores open at least a year rose 3.4 percent, excluding fuel, in the quarter ended April 30. Analysts estimated growth of 3.1 percent.

PM Modi will visit Cyclone Fani hit Odisha on May 6 to take stock of the situation in the state. The Prime Minister Saturday spoke to Odisha Chief Minister Naveen Patnaik and announced about his visit to the storm-hit state on Twitter.

Cyclone Fani, strongest storm to hit India in five years, killed at least 12 people in Odisha. While most deaths were caused by falling trees, a mass evacuation of over 1.2 million people in last the 24 hours averted a greater loss of life.

Embassy Office Parks REIT, India's first listed real estate investment trust, has raised Rs 3,000 crore through private placement of debentures mainly to repay debt.