Walmart's $3.5 Bn Boost to Flipkart💰, Ola Joins ONDC for Food Delivery🍔
Wipro Goes Green, and Pepper Money Ventures into Indian NBFCs - Plus, Nasscom's AI Advocacy for Trade Defense!
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💲 Walmart Ramps Up Investment in Flipkart with $3.5 Billion Cash Splash! 💰
Walmart isn't holding back! The US retail giant is turbocharging its stake in Flipkart with a jaw-dropping investment of $3.5 billion. They've scooped up shares from non-controlling interest holders, including prominent names like hedge fund Tiger Global and Accel Partners. 🛒📈
🚗 Ola Hitches a Ride with ONDC for Food Delivery Services! 🍔
Ola is making some strategic moves! The ride-hailing giant has teamed up with the government-backed Open Network for Digital Commerce (ONDC) to expand into the realm of food delivery services. It's already cooking something up, with a feature named 'OLA ONDC food' making a sneak appearance on their app. No separate delivery app in sight - they're keeping it all under one roof. 🛵🍕
🌱 Wipro Embraces Green Energy with FPEL Investment 💚
Wipro is taking a step towards a greener future! The tech giant is set to acquire an equity stake of up to 9.95% in FPEL Ujwal Private Limited, at a cost of Rs 6.3 crore. This move aims to bolster the use of renewable energy in Wipro's Karnataka offices, marking a significant stride towards sustainability. 🌿🌍
🌏 Australia's Pepper Money Ventures into India's NBFC Landscape 💰
Pepper Money, the Australian non-banking finance company (NBFC), is making bold strides into India's financial landscape. With plans to establish a robust payment and lending business, the company is eyeing an application for a non-banking financial services license in India within the next year. This move reflects the growing allure of India's financial sector on the global stage. 🇦🇺🇮🇳
🤖 Nasscom Advocates AI for Anti-Dumping Measures 🌐
Nasscom, the software and services industry advocate, is urging the commerce and industry ministry to embrace Artificial Intelligence (AI) for anti-dumping purposes. The proposal suggests leveraging AI to detect potential instances of dumping and circumventing anti-dumping duties. By scrutinizing export-import data and cross-referencing it with the origin and destination countries, AI can enhance the efficiency and accuracy of these critical trade measures. 📈🤝
FabHotels’ parent Casa2 Stays has raised funding to the tune of $20 million from new and existing backers. Panthera led $20 million in Casa2 Stays while existing investors also participated in this round.
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Tweet of the day🐥
“Good things happen to those who hustle.”
🚀 That's a wrap for today's tech rollercoaster! Hope your day's charged up!
Catch those dreams and meet us back here tomorrow for the Weekly Review edition.
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