Walmart International CEO: Rapid Commerce Powers 20% of India’s Ecommerce Sector


Walmart says quick commerce now forms 20% of its India ecommerce via Flipkart, which is rapidly scaling Flipkart Minutes with 800 stores planned. Backed by recent capital infusions, Walmart prioritizes growth over short-term profits. Meanwhile, Myntra received $125M funding and launched Myntra Global, aiming to serve the Indian diaspora with hyper-personalized fashion and beauty offerings.

Read more on:YourStory

Naukri.com Fixes App Bug That Exposed Recruiter Emails, Raising Phishing Concerns

India’s leading job portal, Naukri.com, has patched a serious vulnerability in its mobile apps that inadvertently revealed recruiter email addresses — a flaw that could have opened the door to phishing attacks and data misuse. The issue, however, did not affect the website version.

Source: TechCrunch

Mobikwik’s Losses Deepen in Q4 FY25 Despite Record Payment Volumes and User Growth

Mobikwik is seeing some serious traction in its payments business — but that wasn’t enough to balance out rising costs and a slowdown in its credit arm. The result? A deeper dive into losses this past quarter.

Source: YourStory

Delhivery Posts First Full-Year Net Profit in FY25 Amid Steady Growth and Cost Optimisation

Logistics unicorn Delhivery reported its first-ever full fiscal year of profitability in FY25, with strong gains in EBITDA and net income driven by cost optimizations and growing customer activity, despite flat volumes and a dip in quarterly revenue.

Source: YourStory

IIT-Hyderabad and Japan’s SSIC Successfully Test Next-Gen 6G Wireless Tech

In a major leap for wireless communication, IIT-Hyderabad, Japan’s Sharp Semiconductor Innovation Corporation (SSIC), and WiSig Networks have successfully tested Beyond 5G (B5G) and 6G technologies, demonstrating high-performance wireless capabilities comparable to current top-tier 5G networks.

Source: TOI

Trump Pressures Apple to Boost U.S. Manufacturing, Slams India Expansion Plans

Former U.S. President Donald Trump has voiced frustration over Apple’s growing manufacturing operations in India, urging CEO Tim Cook to prioritize expanding production within the United States. The remarks come just days after India approved a major Apple chip project led by Foxconn, signaling Apple’s deepening commitment to Indian manufacturing.

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BluSmart Halts Services as Probe Hits Co-Founders’ Firm

BluSmart, India’s electric cab startup, has paused operations in cities like Delhi-NCR and Mumbai amid a SEBI probe into Gensol Engineering, linked to co-founders Anmol and Puneet Jaggi. The brothers stepped down after allegations of fund misuse. Investors are stunned, and while a Uber pivot is rumored, Gensol denies it.

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Infosys Lays Off Trainees, Offers Alternative Career Paths

Infosys has laid off 30-45 trainees from its Mysuru campus for failing internal assessments. Unlike previous terminations, the company is offering a second chance through a 12-week BPM training program. Affected trainees also get a one-month salary, job support, and accommodation. While Infosys defends its policies, critics question its strict assessment system.

Read more on Zee Business

Indian Government Drops Import Duties on EV and Smartphone Components

Finance Minister Nirmala Sitharaman announced zero import duties on key EV and mobile battery components to boost local manufacturing. The Finance Bill 2025 also abolishes the 6% digital ad tax, rationalizes customs tariffs, and provides tax relief for salaried individuals. A new Income Tax Bill will be discussed in the next session.

Read more on TheHindu

India Blocks 1,298 Betting and Gaming Sites to Curb Online Risks

The Indian government has blocked 1,298 online betting and gaming sites since 2022 to curb addiction and illegal activities. Updated IT rules now hold gaming platforms accountable for harmful content. Authorities can block content threatening security or public order, ensuring a safer digital space. The move follows growing concerns over online gambling and financial risks.

Read more on ISN

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