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Alibaba Seeks Government Approval To Invest In BigBasket

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Alibaba.com, the China based ecommerce website, has sought for approval from the Competition Commission of India (CCI,) to buy stake in the online grocery startup, BigBasket. Alibaba.com Singapore ECommerce Pvt., Ltd., is a subsidiary of Alibaba Group Holding Ltd.

VCCircle reported, Alibaba.com will infuse the funds in Supermarket Grocery Supplies Pvt., Ltd., which owns BigBasket. However, the eretail firm is run by Innovative Retail Concepts Pvt., Ltd. Recently, multiple media reports suggested, Alibaba and digital wallet startup, Paytm, might invest close to $200 million in BigBasket. However, sources clarified Paytm may not invest in BigBasket as earlier speculated. Nevertheless, Alibaba’s investment in the company will give Paytm an indirect toehold in India’s online grocery industry.

The Indian Internet food retail industry is on track to hit $1 billion in 2017 and may even be valued at $ 1.2 trillion by 2020, according to a report by the research firm RedSeer. The online grocery market currently accounts for 48% of India’s total retail consumption. Last week, homegrown ecommerce giant Flipkart, also launched its grocery delivery service, Supermart, in Bengaluru to capture a share of the lucrative market. Backed by SoftBank, Flipkart has the added advantage of a $ 4 billion investment and strong tech capabilities.

Along with Flipkart, BigBasket faces strong competition from Groffers and Amazon. This investment by Alibaba will also affect Amazon’s growing presence in the Indian ecommerce market. While Amazon’s talks for a potential investment in BigBasket fizzled out, the global ecommerce giant received the government’s approval for a $ 500 million foreign direct investment. In August this year, it was also reported Amazon might investment in Grofers, but, they were termed as “rumor and speculation” by a spokesperson.

Founded by V.S. Sudhakar, Hari Menon, V.S. Ramesh, Vipul Parekh and Abhinay Choudhari, BigBasket raised about $ 305.8 million in investments in six funding rounds since 2011. The eretail firm also claims to have over 5 million registered customers and has a presence in over 30 cities in India. At present, BigBasket offers over 20,000 products from 1000 brands and claims to receive over 50,000 orders each day. For the financial year 2017, the company reported a revenue of Rs. 1,400 crores.

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Zerodha Reports 23% Profit Decline in FY25 as Revenues Miss Target

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Zerodha FY25

Zerodha experienced a challenging FY25, as its revenue fell 11.5% to ₹8,847 crore and net profit dropped 22.9% to ₹4,237 crore. This decline reflects tougher regulatory conditions, lower trading volumes, and increased operational costs in the brokerage market, all of which impacted core earning segments for the company.​

Despite these headwinds, Zerodha improved its operating margin to 63.78% and built up significant cash reserves, reporting ₹22,679 crore in bank balances. Salary expenses and director remuneration increased, but disciplined cost controls helped the company maintain profitability and a debt-free balance sheet. The drop in active clients and increased compliance costs further contributed to the profit contraction.​

Looking ahead, Zerodha’s resilience is supported by its robust cash position and operational efficiency. Maintaining steady margins, diversifying product offerings, and investing in technology positions the company to withstand future regulatory fluctuations and changing market sentiment reinforcing its status as one of India’s leading brokerage firms.

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Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

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Zoho Payment

Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.​

Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.​

In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

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Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

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Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

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